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Italian furniture and wood products exports reached 4.98 billion euros in the first quarter
[Aug 1, 2023]

Italian furniture and wood products exports reached 4.98 billion euros in the first quarter

Recently, the Italian Wood and Furniture Association FederlegnoArredo' s research center compiled a report based on data from the Italian National Statistics Institute (ISTAT), showing that in the first three months of 2023, the total export value of furniture and wood products reached 4.98 billion euros, which is the same as before 2022. Three months compared to basically the same.

The Italian region of Lombardia once again consolidated its leading position with exports of EUR 1.2 billion (29% of total exports), an increase of 3.9% compared to the first quarter of 2022. It was followed by the Veneto region with 991 million euros (+1.3%).

The export value of the Friuli Venezia-Giulia region was 581 million euros, a year-on-year decrease of 3.8%. Marche was in fifth place with exports of 242 million euros, the largest increase of 11.1%, while Puglia was in eighth place with exports of 105 million euros and the largest decrease of 20.8%.

Furniture exports totaled EUR 3.0 billion, an increase of 0.3% compared to the first quarter of 2022. Among the top ten export destinations, France ranks first, with an increase of 5.4%, while the second-ranked US exports fall by 9.5%, Germany ranks third, with an increase of 4.6%, and China ranks seventh, with a sharp drop in export value 17.6%.

"With Lombardy and Veneto achieving solid results in the quarter, supply chain figures can offer some relief, but furniture exports send a less optimistic signal. This is also reflected in 2023 In terms of production figures for May, lumber exports fell by 17.4% and furniture exports by 8.5%," explained Claudio Feltrin, chairman of FederlegnoArredo.

"We can say that the furniture industry has skyrocketed and fallen in the past two years, and the word 'abnormal' is too an understatement. But we also cannot ignore the demand changes in the main export market of Italian furniture. Although the United States still ranks second, it However, it recorded a 9.5% drop, with Germany slipping to third place, while China remained in seventh place, with a 17.6% drop."