The Spanish export of furniture grows 10,5% in the first half of 2015
Today from the Franco Furniture blog we want to echo the news published by the National Association of Industrialists and Furniture Exporters of Spain (ENCOURAGE ME) has presented the report on the results of foreign trade in the Spanish furniture sector for the months of January-June 2015. In this period, sales of Furniture from Spain abroad have increased more than 10%, exceeding the figure of 892 million euros.
Furniture exports by Autonomous Communities
January-June'2015: Furniture export results by Autonomous Communities
(image above) During the first half of 2015, Spain exported furniture by value of 892 million euros, which has meant a increase of 10,5% compared to the same period in 2014.
According to the data provided by ESTACOM, with a crecimiento of 19,8% Catalonia it is situated in the first place in the CCAA ranking in terms of furniture exports, with a volume during the period January-June 2015 of 238.314 thousand euros and a fee of 26,7% of the total exported nationally.
During the same period, the Valencian Community has increased its furniture exports by 2%, holding a quota of 23,5% of the total exported nationally. Note that Catalonia and the Valencian Community total 50,2% on the whole of the national furniture export.
Other Autonomous Communities that have increased considerably its furniture exports in this period are Galicia, which with an increase of 25,6% is in third place in the ranking, Aragon (+ 22,3%), the Basque Country (+ 21,9%) and Murcia (+ 9,7%), which rises to 8th place in the ranking of CCAA furniture exporters.
January ‐ June'2015: Main destinations of the Spanish furniture export
Country ranking. Furniture export Spain
Four countries of the European Union, France, Portugal, Germany and the United Kingdom they are at the head of main destinations for Spanish furniture exports in the period January-June 2015, totaling almost 50% of the total exported. The leadership corresponds to France and with a 24,7% share of the total of Furniture exports from Spain.
Especially note the case of Germany that with a strong growth of 38,6% In its purchases of Spanish furniture in this period, it becomes the 3rd destination.
Highlight the increase in exports to United States (+ 39,4%) due to the euro-dollar parity, as well as Saudi Arabia (+ 39,4%) already Mexico (+ 47,5%).
January-June'15: Spanish furniture imports increase 18,6%
During the first half of 2015, Spain imported furniture by value of 1.348 million euros, which has meant a increase of 18,6% compared to the same period in 2014.
With these data the balance of the sectoral balance shows a deficit of 455.835 thousand euros, standing the coverage rate at 66,2%.
January-June'15: Main countries of origin of the Spanish import of furniture
The main countries of origin of the Spanish import of furniture are shown below:
During the period January-June 2015 China, representing a 24,7% of the total imported, continues to be the main country of origin for Spanish imports of furniture, worth 333.048 thousand euros, representing a significant increase of 31,8% with respect to the same period of the previous year.
Behind China, occupying the 2nd to 6th places in the supplier ranking of furniture to Spain, 5 European countries are located Portugal, Germany, Italy, Poland and France.
This strong recovery in furniture imports in Spain reflects a reactivation of national consumption of furniture, mainly within the mid-range and economic.
According to declarations of Juan Carlos Muñoz, President of ANIEME, "Spanish furniture manufacturers are making a great effort in the field of exports, exceeding the figure of 1.348 million euros in their furniture sales abroad during the first half of the year, representing significant growth that exceeds 10 %.
European countries such as France, Portugal, Germany and the United Kingdom continue to occupy the first positions in the ranking of destinations and also show significant growth, a sign of the recovery of their internal consumption, as well as the increase in projects that are prescribed from there for other destinations, as in the case of Portugal.
Diversification of destinations to third markets is important to avoid excessive concentration in Europe. An example of this are the positive results of the sales of Furniture from Spain in the United States, Morocco, Saudi Arabia and Mexico, among other markets.
Within a global demand, there are clear opportunities for companies with a vocation to be international and who decide to bet on opening their commercial horizons to new destinations that offer interesting business opportunities and where Spanish furniture is valued for its quality and design. ”
Source: ENCOURAGE ME
