CSIL puts figure on value of global furniture production in 2024
Milan-based furniture industry market research provider CSIL has put global furniture manufacturing in 2024 at $471 billion in value. This was equal to the value for 2023, but was down on the figure for 2022.
According to CSIL, this stability came in spite of “complex challenges, including disruptions in maritime transport and heightened geopolitical risks”.
It went on to say that Europe was among the hardest-hit regions, and that consumption of furniture had declined in Germany and France in particular. It said economic uncertainty continued to weigh on consumer confidence and spending.
In contrast, though, Asia’s furniture industry showed signs of resilience in 2024, with what it called “a gradual recovery in Chinese exports”, in addition to a growing presence in the global market of exporters from other parts of Asia.
