Exports of Ukrainian furniture increased by 15.5% in 2024, reaching a total value of $909M, according to industry reports. The woodworking and furniture sectors now account for 5.7% of the country's total commodity exports.
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Experts predict continued growth in 2025, with exports expected to surpass $1B. This positive outlook is driven by rising global demand, particularly in Europe, where the market is expanding at a rate of 8-10% annually. Additionally, IKEA has resumed purchasing a broad range of furniture from Ukraine, further supporting the sector.
Homegrown manufacturers, including both small and medium-sized businesses, are increasingly focusing on exports due to the shrinking domestic market. Before the war, Ukraine's furniture market was valued at $1-1.2B, but it has since contracted to an estimated $500-600M.
State grants and international financial support have played a crucial role in helping businesses modernise, reduce costs, and remain competitive in foreign markets.
Source: www.ubn.news