The European Union metal furniture market is set to grow steadily over the next decade, driven by rising demand, according to a new report by IndexBox. The market is projected to expand at a compound annual growth rate (CAGR) of +1.8% in volume terms and +2.6% in value terms from 2024 to 2035, reaching 2.8 million tons and $12.9 billion by the end of 2035.
Market forecast
The report, titled "EU - Metal Complete and Assembled Domestic Furniture - Market Analysis, Forecast, Size, Trends and Insights", highlights the increasing demand for metal furniture within the EU. 'Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.8% for the period from 2024 to 2035, which is projected to bring the market volume to 2.8 million tons by the end of 2035,' the report states.
In value terms, the market is also expected to grow, with a projected CAGR of +2.6% from 2024 to 2035, bringing the total market value to $12.9 billion in nominal wholesale prices by the end of the forecast period.
Recent consumption trends
In 2024, EU consumption of metal furniture rose to 2.3 million tons, marking an end to a two-year decline. The increase represents an average annual growth rate of +2.2% since 2013. The market size also surged to $9.7 billion, up 17% from the previous year.
Key consumption countries
Germany, France, and the Netherlands accounted for the highest consumption volumes in 2024, making up 47% of total consumption. The Czech Republic showed the fastest growth rate among major consumers, with a CAGR of +12.2%. In value terms, Germany, France, and Italy led the market with a combined 46% share.
Production insights
The report noted that the EU produced approximately 956 thousand tons of metal furniture in 2024, reflecting a 22% increase from the previous year. Germany, Italy, and the Czech Republic were the largest producers, collectively accounting for 52% of total production.
Imports and exports
Imports of metal furniture into the EU declined by 5.6% to 2.4 million tons in 2024, following a three-year decrease. Germany, the Netherlands, and France led in import volume, together comprising 48% of total imports. In contrast, exports fell by 28.3% to 1.1 million tons, with Germany, the Netherlands, and Poland being the primary exporters.
Price trends
In 2024, the average import price stood at $4,362 per ton, while the export price reached $7,578 per ton, marking a 2.6% rise from the previous year. Italy had the highest export price at $14,118 per ton, while Belgium had one of the lowest at $5,384 per ton.
More information:
Index Box
www.indexbox.io