SPANISH FURNITURE TRADE
2012 FIRST TRIMESTER REPORT

 JANUARY – MARCH 2012: SPANISH FURNITURE
EXPORTS, IMPORTS AND SECTORIAL BALANCE
According to ESTACOM statistics, from Import and export figures
January to March 2012, Spanish furniture reveal that the deficit of the
exports amounted to 337 million euros,
which represents an encouraging growth Spanish trade balance
of 5.7%, if compared to last year’s results amounts to -187,1 million
for the same period. euros, while the
import/export coverage ratio
makes up 64.3%.
On the import side, figures indicate that at
the end of the first trimester Spain’s 2011 2012 % 12/11
furniture imports decreased sharply by
12.5%, amounting to 524.1 million euros January 83.8 94.9 8.1%
against 598.7 million euros of previous February 102.3 108.2 5.8%
year. March 128.6 133.9 4.1%
January- 318.7 337.0 5.7%
March
in million euros Source: ESTACOM
ANIEME - Spanish Association of Furniture Manufacturers and Exporters

 MAIN MARKETS FOR SPANISH FURNITURE
France, Portugal, Germany, Italy and United Kingdom are the main Spain’s
furniture purchasers in the first trimester 2012.
Although many European markets have recorded a sharp setback due to the
general decline of their domestic consumer demand, EU countries maintain
their leading position among major Spain’s furniture purchasers. Furniture
sales to top five importers made up 57,8% of total exports.
Looking at major markets, France, whose furniture purchases from Spain
amounted to 97,8 million euros, stands out as the top Spanish furniture
importer. With a share of 29% of Spanish exports, France consumes as much
Spanish product as Portugal, Germany, Italy and United Kingdom altogether
(28,8%).
A country where Spain is doing particularly well is Morocco, that ranks now
6th among main Spain’s clients – just behind 5 EU countries - with an increase
of 17.5% of Spanish furniture imports.
ANIEME - Spanish Association of Furniture Manufacturers and Exporters

 Ranking of main destination markets for Spanish furniture exports
Countries JAN-MAR % OF TOTAL VARIATION
2012 EXPORTS 10-09
France 97.8 29.09% 14.2%
Portugal 42.4 12.6% -17.4%
Germany 23.5 7% -0.25%
Italy 16.9 5.0% -8.1%
United Kingdom 14.2 4.2% -7.9%
Morocco 11.3 3.4% 17.5%
Russia 10.6 3.1% 43.2%
USA 8.6 2.6% -7.0%
The Netherlands 8.5 2.5% 62.5%
Belgium 7.3 2.2% 12.7%
Mexico 6.6 2.0% -2.9%
Saudi Arabia 4.7 1.9% 10.2%
Poland 3.7 1.1% 8.1%
Turkey 3.5 1.0% -6.2%
Switzerland 3.5 1.0% 1.9%
in million euros Source: ESTACOM
ANIEME - Spanish Association of Furniture Manufacturers and Exporters

 MAIN TRENDS IN SPANISH FURNITURE EXPORTS
On the whole, it should be pointed out that Spanish furniture sales
have showed an upward trend during 2012 first trimester.
Encouraging results have been registered both in Northern and
Eastern Europe: to compensate the decrease of sales to Germany,
the Netherlands and Belgium have increased their imports of
Spanish furnishing products by 62,5% and 12,7%, respectively;
exports to Russia have picked up again by 43,2%, while exports to
Poland have risen by 8,1%.
On the other hand, between January and March 2012, exports to
United States (-7%) and Saudi Arabia (-34,0%) have registered the
most significant decline.
ANIEME - Spanish Association of Furniture Manufacturers and Exporters

 IMPORTS
As far as the main furniture supplier countries are
concerned, China, whose furniture purchases from Spain
amounted to 128.5 million euros (-15.0%), consolidates itself
as the main origin market, concentrating more than 24% of
Spain’s imports of furniture.
Four countries of the EU (Portugal, Germany, Italy and
France) rank 2nd to 5th just behind China, representing 41.4%
of total imports.
As it can be observed, all Spain’s furniture suppliers have
registered negative results, due to the drop of Spain’s
domestic demand.
ANIEME - Spanish Association of Furniture Manufacturers and Exporters

 Main furniture trading partners: origin of furniture imports
Countries JAN-MAR % OF TOTAL VAR. 12-11
2012 IMPORTS
China 128.6 24.5% -15.0%
Portugal 66.8 13.1% -13.5%
Germany 59.9 11.4% -10.2%
Italy 50.8 9.7% -8.6%
France 37.7 7.2% -3.3%
Poland 31.3 6.0% -14.5%
Czech Republic 12.5 2.4% -22.5%
Romania 12.0 2.3% -14.2%
Morocco 9.5 1.8% 8.4%
Vietnam million euros 9.3
in 1.8% -28.7%
Source: ESTACOM
ANIEME - Spanish Association of Furniture Manufacturers and Exporters

 RESULTS BY AUTONOMOUS COMMUNITIES (REGIONS)
Looking at results by Autonomous Communities (Regions), Catalonia
keeps on playing a leading role in the national furniture exports. With
furniture exports worth 100.9 million euros, Catalonia has recorded a
significant increase of 9.7% during 2012 first trimester. Its exterior sales
make up 29.9% of the Spain’s total furniture exports.
The Valencia Community ranks second with furniture exports amounting
to 74.1 million euros and registering a significant increase of 13.3%. It is
worth to point out that both Communities represent 51.9% of the
national furniture exports, showing that sales to foreign markets are
largely concentrated in only two regions.
Lagging far behind, the other Autonomous Communities with significant
export performances are: Galicia (28.2 million euros), Madrid (20.7
million euros), Aragon (20.6 million euros), the Basque Country (19.40
million euros) and Andalusia (17.4 million euros). With exports amounting
to 10.9 million euros, Murcia, one of the main Spanish furniture producer
cluster, ranks now tenth.
ANIEME - Spanish Association of Furniture Manufacturers and Exporters