European furniture industry calls on the EU to coordinate market recovery
The different policies adopted by EU countries to close cities and close borders have affected the production and delivery of furniture to varying degrees.
According to the latest report of the European Furniture Industries Confederation (EFIC), the EU lacks a coordinated response to the COVID-19, making the development of the furniture industry not optimistic.
The Federation pointed out that in addition to the problem of the COVID-19, the furniture and bedding industries are also facing problems such as shortage of raw materials, rising material prices, and logistics bottlenecks. There are also different policies and slow vaccines adopted by various countries in the European Union to close cities and close borders and inoculation plans, these factors exacerbate the complexity of production and delivery, but also affect the sales of furniture.
The European furniture and bedding industry has an annual turnover of 9.6 billion euros. There are about 1 million employees in 120,000 companies in the EU, of which about 100,000 are furniture retail companies. In 2020, the output of furniture in the 27 EU countries will drop by 7.4% year-on-year. The annual orders, imports, exports and turnover are generally reduced, and there are big differences between different market segments, for example: relatively speaking, the demand for household furniture much higher than custom furniture.
The European furniture industry calls on the European Union and the authorities of member states to strengthen coordination to quickly reopen the market, quickly launch vaccines, open the European Common Market, and not close borders between EU member states for the free flow of goods and services, and formulate relevant European and international trade fairs clear rules for planning and organization.