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Published in issue 33/2022
After temporarily suspending business activities in Russia and Belarus at the beginning of March 2022 and deciding to permanently exit these markets in mid-June, the Ikea Group has now started the process of divesting the...
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Published in issue 33/2022
In the 2021/2022 financial year (30 June), US furniture manufacturer and retailer Ethan Allen Inc. (Danbury, Connecticut) increased its turnover by 19.4% to US$817.8m (2020/2021: 685.2m). Of this, US$689.9m (+24.3%) was...
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Published in issue 33/2022
Rauch Möbelwerke GmbH intends to axe around 100 jobs at its headquarters in Freudenberg. According to CEO Rainer Hribar, who succeeded managing partner Michael Stiehl in June 2022, the job cuts will mainly affect the...
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Published in issue 33/2022
In its 2021/2022 financial year (30 June), US office furniture manufacturer Kimball International Inc. (Jasper, Indiana) generated turnover of US$665.9m (2020/2021: 569.0m), corresponding to a year-on-year increase of 17%....
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Published in issue 33/2022
Negotiations that are set to take place in the next few weeks to thrash out particleboard prices for deliveries from September 2022 onwards will be held amidst an even stronger slump in demand, mounting capacity utilisation...
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Wood-based panels
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Published in issue 33/2022
Last year, furniture trade turnover (including value-added tax) generated in Germany rose by 1.6% to €35.93bn (2020: 35.36bn). According to the EHI Furniture Report 2021 compiled by EHI Retail Institute (Cologne) on behalf of the...
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Published in issue 33/2022
Restrictions in the supply of hardwood gluelam panels faced by many manufacturers since 2021 have improved slightly during the course of the summer so far. In the case of beech and oak panels, manufacturers do not necessarily have...
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Published in issue 33/2022
Following growth in May 2022, the French furniture trade recorded a turnover decline of 7.8% in June. According to French market research institute Ipea (Paris), it was not possible to achieve a further increase on the rates...
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Published in issue 33/2022
In the first quarter of 2022, the Netherlands imported furniture at a value of €2.009bn (Jan.-March 2021: 1.605bn). According to the figures published by Eurostat, this corresponds to an increase of 25% vis à vis the comparative...
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Furniture
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Published in issue 33/2022
After the value of Danish furniture exports in the entire period of 2021 had increased by 18% to €2.759bn (2020: 2.334bn), another 18% increase to €805.7m (Jan.-March 2021: 681.4m) was achieved in the first quarter of 2022....
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