May 08 / 2018

Spanish furniture trade: 2017 annual report

Insights on global furniture development

According to CSIL World Furniture Outlook 2018, world furniture production amounted to over $400 billion last year, up 3.0% on the previous year and cumulatively growing by 25% in the last decade (in current USD).

Europe is a leading player in the furniture industry, being the largest producing region in the world just after Asia, which concentrates over half of world production. CSIL estimates that Europe accounts for around one quarter of the total sector output; it was around 40% a decade ago.

world-furniture-production-2018

Shares of regions on world furniture production. % on value data. SOURCE: CSIL

Although hit by the crisis, the European furniture market is now in a process of recovery, while facing some new challenges like: competition within the area and market fragmentation, import pressure, durable employment, rising raw material costs and innovations protection. According to EFIC – European Furniture Industries Confederation -, the EU furniture sector currently employs over 1 million people in almost 200,000 companies, most of which are SMEs.

Currently, international trade is worth around $140 billion and is set to grow in the coming years up to 2020. The leading importing countries are the United States, Germany, the United Kingdom and France. Furniture exports from China, the world’s top exporter, more than doubled between 2009 and 2015. They are currently worth some $50 billion annually and have shown growth over recent years, albeit at moderate rates. The other large furniture exporters, like Germany, Italy and Poland, also continued to record growth in 2017.

Exports of Spanish furniture close 2017 with a positive balance

During 2017, sales of Spanish furniture abroad amounted to €2,113 million, corresponding to an encouraging rise of 2.4%, with respect to the recorded sales from the previous year.

 

2014

2015

2016

2017

∆% 17/16

January-December

1,692

1,857

2,064

2,113

2.4%

*Millions of Euros                                                                         SOURCE: ESTACOM

2017: Spain’s imports of furniture rise by 3.4%

Over last year, Spain imported over €2,956 million of furniture, representing a 3.4% growth when compared with last year’s statistics. With this data, it can be ascertained that Spain closed the year with a trade deficit of €843 million revealing a coverage rate of 71.5% of imports by the exports.

Exports by destination: Spain’s main markets for furniture 

With a diverse and complete offer in the furniture sector, Spain continues to consolidate its presence in the biggest EU countries: France, Portugal, Germany and the UK, which rank as the top 4 countries among Spain’s major markets and have a concentration of 49.0% of Spanish exports. It must be highlighted that, with the exception of Germany, the main destination markets of the Spanish furniture offer have increased their purchases.

info-furniture-spain-importers-figures-2017 

Taking a look at the major markets, France stands out as the top export market for Spain’s furniture offer. French imports of Spanish furniture amounted to over €533 million, giving it a share of 25.2%, meaning that it consumes more than Portugal, Germany and the UK combined. France is therefore of top interest as a crucial market for the Spanish furniture industry, and Spain should continue to invest in this country and reinforce its presence to maintain its elevated market share.

furniture-fair-maison-objet-france-2018

Spanish brands presenting at Maison&Objet in Paris, France, earlier this year

Despite this, it is also important for Spain to diversify their destination markets in order to stay competitive and relevant within the international market for furniture by increasing its presence in other countries and continents. As a result of this, Spain has also been strengthening its presence in markets that hold a lower share, gaining important positions in the USA, Morocco, Mexico, UAE, Turkey and China, where Spanish furniture companies have focused their marketing strategies in both the residential and contract markets. With imports of Spanish furniture growing by 7.3% to €105.5 million, the United States has earned the 5th position in the ranking and it is now the first international destination just behind the EU countries.

icff-new-york-furniture-fair-spanish-brands

Spanish brands presenting at ICFF in New York, USA, last year

Imports of Spanish furniture grew significantly in Asia, with an increase of 17.1% in the United Arab Emirates, 79.5% in Turkey and 99.5% in China. In years to come, further penetration of these markets will be necessary to maintain a constant growth and its reputation as a worldwide exporting country of furniture.

Top furniture supplier countries

Country ranking: Spain’s imports

 

2016

2017

    Overall %

  ∆% 17/16

China

609,356.4

657,743.9

22.3%

7.9%

Portugal

440,080.3

409,791.9

13.9%

-6.9%

Germany

297,595.0

298,020.4

10.1%

0.1%

Italy

252,260.9

236,625.1

8.0%

-6.2%

Poland

276,748.0

207,848.1

7.0%

-24.9%

France

164,517.5

176,506.4

6.0%

7.3%

Morocco

98,643.3

123,903.5

4.2%

25.6%

Romania

81,421.0

97,288.9

3.3%

19.5%

Slovakia

57,858.1

78,349.6

2.7%

35.4%

Vietnam

36,427.5

50,342.2

1.7%

38.2%

TOTAL

2,857,612.5

2,956,049.3

100%

+ 3.4%

 * Thousands of euros                             SOURCE: ESTACOM

As we can see, in the last year, Spain’s imports of furniture rose by 3.4% overall. It is worth highlighting that China has recovered as a top exporter of furniture to Spain, re-establishing its growth in 2017 with a 7.9% increase (when compared with the previous period at only 2.2%).

In contrast to this, the next top exporters to Spain are primarily European countries: Portugal, Germany, Italy, Poland and France; which signifies that not all of Spain’s imported furniture is of the “low cost” nature.

salone-mobile-milan-2018-spanish-brands

Visitors getting ideas at the 2018 edition of the Salone del Mobile.Milano in Italy last month

All in all, owing to Spain’s continued commitment to its internationalising activities within the sector, combined with the furniture manufacturers’ dedication to fulfilling high expectations of quality and design, Spain’s exports of its furniture offer have continued to grow prosperously.

Highlights

Bring a touch of retro charm to your outdoors with the VINT collection from BIVAQ

Break the linear monotony of minimal designs filling your outdoors with the retro elegance and charm of the VINT collection. It pays homage to the past combining intriguing touches of nostalgia with modern functionality and the durable construction of BIVAQ’s outdoor and indoor ranges. Just a new attractive way of enjoying the open-air life! Read and discover…

FAMA, a successful ambassador of the Spanish style in China

It all started 9 years ago when FAMA took its first steps in the Chinese market embarking on a new adventure that has led to the opening of 15 FamaLiving showrooms across the country, including the 3 showrooms in Beijing and the other 12 in main cities, such as Shandong, Hohhot, Chengdu, Zhengzhou, Qingdao, Jinan, Taiyuan, Tianjin, Shenyang… Now it's time for new exciting experiences, let's discover more...

The finest experience: the RITZ Collection from SOHER

All over the world Ritz is synonym for high-style and luxury, two features that also inspire the homonymous furniture collection from Spain’s luxury décor specialist SOHER. Made of the finest materials with the highest possible standard of craftsmanship, RITZ evokes the grandeur and elegance of the famous hotels founded at the beginning of XX century by Swiss hotelier Cesar Ritz, who redefined luxury accommodation in Europe. So, ready for “Puttin’ on the Ritz” to your space? Just keep on reading…

DUE from CALMA, the comfortable way to enjoy dining in the sun

DUE, the new outdoor dining set created by CrousCalogero for Spanish outdoor furniture specialist CALMA, is a perfect addition to summer entertaining. With mild breezes and warmer temperatures gracing porches and patios, the new collection helps you create a favourite spot to enjoy outdoor meals and lounge in the fresh air. Ready for the experience? Read on to find out more…

Summer inspirations: BIVAQ presents the new 2018 catalogue

Ready for summer? If you are working on a new outdoor design project or you are looking for ideas for preparing your garden, patio or terrace for outdoor entertaining, the newly-launched 2018 catalogue from BIVAQ contains all you need to make your great outdoor spaces even better. Wish to have a look? Click and discover!

System.Web.Mvc.HtmlHelper`1[Umbraco.Web.Models.RenderModel];