Italy: Market for Furnishing Articles, Furniture and Cushion Covers 2024

Market Size for Furnishing Articles, Furniture and Cushion Covers in Italy

The Italian market for furnishing articles, furniture and cushion covers expanded notably to $X in 2022, rising by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Consumption of peaked in 2022 and is expected to retain growth in the near future.

Production of Furnishing Articles, Furniture and Cushion Covers in Italy

In value terms, production of furnishing articles, furniture and cushion covers dropped notably to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X, and then plummeted in the following year.

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Exports of Furnishing Articles, Furniture and Cushion Covers

Exports from Italy

In 2022, overseas shipments of furnishing articles, furniture and cushion covers decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then fell slightly in the following year.

In value terms, exports of furnishing articles, furniture and cushion covers declined to $X in 2022. In general, total exports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

France (X tons), the United States (X tons) and Germany (X tons) were the main destinations of exports of furnishing articles, furniture and cushion covers from Italy, together accounting for X% of total exports. The Czech Republic, South Africa, Spain, the UK, Greece, Switzerland, Israel, Croatia, Romania and Slovenia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for furnishing article, furniture and cushion cover exported from Italy were the United States ($X), France ($X) and Germany ($X), together accounting for X% of total exports. Switzerland, Spain, the Czech Republic, the UK, Greece, South Africa, Israel, Croatia, Romania and Slovenia lagged somewhat behind, together accounting for a further X%.

South Africa, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for furnishing articles, furniture and cushion covers amounted to $X per ton, dropping by X% against the previous year. Overall, the export price recorded a drastic downturn. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Furnishing Articles, Furniture and Cushion Covers

Imports into Italy

In 2022, imports of furnishing articles, furniture and cushion covers into Italy reached X tons, surging by X% compared with 2021. Over the period under review, total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of furnishing articles, furniture and cushion covers expanded markedly to $X in 2022. Overall, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest furnishing article, furniture and cushion cover supplier to Italy, with a X% share of total imports. Moreover, imports of furnishing articles, furniture and cushion covers from China exceeded the figures recorded by the second-largest supplier, Romania (X tons), fourfold. The third position in this ranking was held by India (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of furnishing articles, furniture and cushion covers to Italy, comprising X% of total imports. The second position in the ranking was held by Romania ($X), with an X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average import price for furnishing articles, furniture and cushion covers amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price saw a mild expansion. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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