VDM expects at least stable furniture industry sales

11.01.2019 − 

The Association of the German Furniture Industry (VDM) expects at least stable sales in the furniture industry in 2019. The association announced this on 9 January at its press conference in the run-up to IMM Cologne in Cologne from 14 to 20 January. The cautious forecast is based on the expected effects of an unregulated Brexit with a decline of 25 % in German furniture exports to Great Britain. In the case of a regulated brexit, the VDM believes that a total increase in turnover of 1.5 % to 2 % is possible.

In the first ten months of 2018, sales in the German furniture industry rose by 1.1% year-on-year to just under €15bn. Sales in Germany were 0.9 % higher than in the previous year, while growth abroad was higher at 1.6 %. In view of this development, VDM has confirmed its forecast for 2018 as a whole. Accordingly, the Association continues to expect sales to rise by 1% to around €18bn.

In the period from January to the end of October, only the kitchen furniture and office, contract and shop furniture segments developed positively. Based on figures from the Federal Statistical Office, the VDM reported a 6.2 % increase in sales of kitchen furniture to € 4.2bn. Sales of office, shop and contract furniture came to just under € 3.5bn, 6.5 % more than in the same period last year. Upholstered furniture sales, on the other hand, fell by 5.7 % to around € 760m. Other furniture fell by 2.6 % to just under € 6bn. The decline in mattresses from 11.5 % to around € 640mn was even double-digit.

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