The Polish furniture industry is facing a significant challenge marked by a drastic decline in furniture imports. According to B+R Studio, the value of furniture imported into Poland in 2023 reached just over 3.2 billion euros, reflecting a noteworthy 10% decrease compared to 2022. This decline prompts a closer examination of the figures, unveiling the critical importance of furniture imports for the industry.
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In the latest report with the Polish furniture outlook of 2024, "Polskie Meble Outlook 2024", B+R Studio conducted comprehensive analyses, revealing declines in furniture production and exports. However, the most substantial drops were observed in furniture imports. Based on partial monthly data, it is estimated that the value of furniture imports to Poland in 2023 experienced a decline of around 10% compared to the previous year. Despite this, experts from B+R Studio emphasise that when viewed within the broader timeframe of 2019-2023, the 2023 result stands out positively, showing a notable improvement of 30%, especially when contrasted with the challenging year of 2020.
It's essential to recognise that when discussing furniture imports, the conversation encompasses not only finished furniture but also crucial components. These components, constituting nearly half of the total value and about one-third in quantity, play a pivotal role in the functioning of the Polish furniture industry.
This underscores the primary task of furniture imports – delivering essential components for the production of finished goods. These components find their way into both Polish furniture showrooms and the global export market.
As the industry navigates these challenges, the coming months will likely witness collaborative efforts among industry players, policymakers, and stakeholders to address these challenges and pave the way for a resilient and thriving furniture industry in Poland.
More information:
B+R Studio
www.brstudio.eu