2. JANUARY – JUNE 2013: SPANISH FURNITURE
EXPORTS, IMPORTS AND SECTORIAL BALANCE
According to ESTACOM statistics, at the end of
the period January-September, Spanish
furniture exports amounted to 1,188 million
euros, showing a sharp increase (+12.6%) in
comparison to the same period in 2012.
2012
January
February
March
April
May
June
July
August
September
Jan-Sept
2013
% 13/12
94.9
108.2
133.9
109.0
134.8
122.1
131.0
108.2
112.8
1,054.5
95.7
121.8
120.9
171.6
145.7
137.8
125.0
132.2
137.0
1,187.6
0.8%
12.6%
-9.7%
57.5%
8.1%
12.9%
-4.4%
22.2%
21.4%
12.6%
in million euros
Source: ESTACOM
ANIEME - Spanish Association of Furniture Manufacturers and Exporters
On the import side, figures
indicate that, in relation to
previous year’s results, at the
end of the January-September
period, Spain’s furniture
imports dropped by -2.0% to
1,475.1 million euros.
Import and export figures
reveal that the deficit of the
Spanish trade balance for this
period amounted to -287.5
million euros, while the
import/export coverage ratio
made up 80.5%.
3. MAIN MARKETS FOR SPANISH FURNITURE
Four UE countries, France, Portugal, Germany, United Kingdom maintain their leading
position among Spain’s major markets in the period January-September 2013.
With the exception of Italy, whose imports of Spain’s products dropped by -19.7%, it’s
worth noting the remarkable increase of sales to all the other top ten importers.
Netherlands, in particular, registered the best result with an increase of more than +92.8%.
Sales to United Kingdom, which now ranks 4th, registered a rise by +30.3% due to the
increase of the prescriptions of Spanish furniture for interior design projects and to the reexport of part of the furniture to other markets.
Among to 10 destination markets, Russia, the U.S.A., Saudi Arabia and Mexico registered
all significant increases in its imports of made in Spain furnishing products. Despite a slight
decrease in purchases from Spain, Morocco consolidate its 9th position, reaching almost
the same amount of Spain’s furniture imports as other traditional markets, Italy for
example.
An area where Spain is doing particularly well is the Middle East with exports to Saudi
Arabia, Turkey, UAE and Qatar growing by +49.1%, +104.5%, +24.6% and +14.0%,
respectively.
Among the emerging countries, exports to Mexico increased by 14.5%, to Brazil by +28.8
and to Equatorial Guinea by 14.8%.
ANIEME - Spanish Association of Furniture Manufacturers and Exporters
4. Ranking of main destination markets for Spanish furniture exports
400
Jan-Sep 2012
300
Jan-Sep 2013
200
100
0
in million euros
ANIEME - Spanish Association of Furniture Manufacturers and Exporters
Source: ESTACOM
5. MAIN TRENDS IN SPANISH FURNITURE EXPORTS
On the whole, it should be pointed out that Spanish furniture sales have shown a stimulating
upward trend in the period January-September 2013. Sales to most EU countries have increased
significantly, while Spain’s furniture exports have picked up also in the United States (+24.2%) and in
some Latin American countries, such as Mexico (+25.6%) and Brazil (+28.8%), due to the growth of
the real estate and hospitality sectors in these countries.
Spain’s furniture is also highly appreciated in the Middle East, with exports doing well in Saudi
Arabia, Turkey, UAE and Qatar. Sales to Turkey, in particular, rose dramatically by 104.5% to 19.5
million euros.
As for Africa, Equatorial Guinea expanded its purchases of Spain’s furniture by +14.8%, ranking now
17th.
The increase of exports to traditional as well as emerging markets reveals how hard Spain’s
companies are working to compensate the fall of domestic sales by strengthening their presence in
international markets. The ranks of destination markets shows also an encouraging trend toward
the diversification of markets in Europe, America, Africa and Asia.
ANIEME - Spanish Association of Furniture Manufacturers and Exporters
6. IMPORTS
As far as the main furniture supplier countries are concerned, China, whose
furniture purchases from Spain amounted to 316.9 million euros (11.7%), consolidates itself as the main origin market, concentrating almost the
22% of Spain’s imports of furniture.
Four countries of the EU (Portugal, Germany, Italy and France) rank 2nd to 5th just
behind China, representing 42.1% of total imports.
As it can be observed, imports from Spain’s main furniture suppliers have
registered negative results (China, Italy, France). On the other hand, purchases
from minor markets registered better results, although volumes remain low.
ANIEME - Spanish Association of Furniture Manufacturers and Exporters
7. Main furniture trading partners: origin of furniture imports
Countries
JAN-SEP
2013
% OF TOTAL
IMPORTS
% VAR. 13-12
China
316.9
21.5%
-11.7%
Portugal
196.6
13.3%
0.5%
Germany
183.7
12.5%
1.4%
Italy
139.3
9.4%
-8.2%
France
101.1
6.9%
-9.1%
Poland
95.8
6.5%
+9.8%
Czech Republic
52.7
3.6%
+57.4%
Romania
44.7
3.0%
+29.0%
Morocco
42.2
2.9%
+37.0%
Slovakia
28.5
2.1%
+67.3%
in million euros
ANIEME - Spanish Association of Furniture Manufacturers and Exporters
Source: ESTACOM
8. EXPORT RESULTS BY AUTONOMOUS COMMUNITIES (REGIONS)
Looking at results by Autonomous Communities (Regions), despite its negative result
(-4.1%), Catalonia keeps on playing a leading role in the national furniture exports. The
Valencia Community, that ranks second and is diversifying its destination markets , is
gaining positions with furniture exports registering a sharply increase (+21.6%). It is
worth to point out that both Communities represent 49.1% of the national furniture
exports, showing that sales to foreign markets are largely concentrated in only two
regions.
Among main export regions, Andalusia, Galicia, Madrid and Aragon have also registered
significant increases.
With exports amounting to 35.2 million euros, Murcia (+10.5%), one of the main Spain’s
furniture producer clusters, consolidate its ninth position in the ranking.
ANIEME - Spanish Association of Furniture Manufacturers and Exporters