Furniture and its parts market in Denmark

Earlier Report Observations

Between 2018 and 2020, the Danish furniture market was influenced by a strong export focus and the expansion of the New Nordic and contract segments, which altered product offerings. The domestic market size decreased to 683 million USD in 2019. The COVID-19 pandemic in 2020 led to increased remote work, changing consumer behavior and boosting demand for furniture, particularly among millennials, which helped raise the market value to 774 million USD.

In 2021, the market grew sharply to 1 063 million USD, fueled by continued home office needs and a clear shift in consumer preferences towards sustainable materials, with over half of Danish homeowners willing to pay more for such products. However, supply chain disruptions and rising raw material costs affected production expenses. By 2022, inflation and higher raw material prices pressured industry profitability, while consumers began postponing major furniture investments, leading to a market decline to 940 million USD.

The market continued to contract in 2023 and 2024, falling to 811 million USD and 790 million USD respectively. Millennials became the primary purchasing segment, driven by remote work trends, but overall demand softened. Persistent supply chain challenges, especially in specialized areas like hotel furniture, and the growth of online furniture sales, which changed distribution models, marked this period.

Production furniture and its parts in Denmark

In value, 2018-2021, M $ US

Denmark's furniture and parts production has grown for the second year in a row. In 2021, output reached 1 542 million US dollars, marking a strong 19.6% increase compared to 2020. Looking at the period from 2018 to 2021, production rose by 19.5%, which translates to an average annual growth rate of 6.1%. The lowest production value was recorded in 2019 at 1 267 million US dollars, with the largest decline that year at 1.8%.

Annual dynamics of production in Denmark in value, 2018-2021, M $ US

Exports furniture and its parts from Denmark

Exports in kind, K t

In 2021, Denmark exported 424.7 thousand tonnes of furniture and parts, showing a modest 6.4% increase from 2020. Over the 2018–2021 period, exports grew by 10.6%, averaging 3.4% per year. The most significant drop occurred in 2020, with a decline of 1.9%.

Annual dynamics of product's exports from Denmark in kind, 2018-2021, K t

From 2018 to 2021, Denmark's furniture and parts exports in volume terms were widely distributed across markets. France accounted for 15.6% of exports, Norway for 14.5%, and Germany for 13.5%, with these three countries together making up 43.6% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Denmark in kind, 2018-2021

Exports in value, M $ US

Denmark's furniture and parts exports have increased for the third consecutive year. In 2021, export value reached 1 868 million US dollars, up 22.1% from the previous year. Between 2018 and 2021, exports rose by 25%, corresponding to an average annual growth rate of 7.7%.

Annual dynamics of product's exports from Denmark in value, 2018-2021, M $ US

During 2018–2021, Norway was the top buyer of Danish furniture and parts in value terms at 20.9%, followed by Germany at 15.5% and Sweden at 11.5%. Together, these three countries accounted for 47.9% of total export value, while a diverse range of smaller partners made up the remainder.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Denmark in value, 2018-2021

Imports furniture and its parts to Denmark

Imports in kind, K t

Denmark's furniture and parts imports have grown for the third year in a row. In 2021, imports totaled 399.9 thousand tonnes, a 15.1% increase compared to 2020. From 2018 to 2021, imports increased by 25.5%, averaging 7.9% annual growth.

Annual dynamics of product's imports to Denmark in kind, 2018-2021, K t

Between 2018 and 2021, Sweden, Poland, and China were the main sources of furniture and parts imports to Denmark in volume terms, together representing 58.6% of total imports.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Denmark in kind, 2018-2021

Imports in value, M $ US

Denmark's furniture and parts imports have risen for the second consecutive year. In 2021, import value reached 1 868 million US dollars, a substantial 36.9% increase from 2020. Over the 2018–2021 period, imports grew by 44%, equating to an average annual rate of 12.9%. The lowest import value was recorded in 2019 at 941 million US dollars, with the largest decline that year at 2.5%.

Annual dynamics of product's imports to Denmark in value, 2018-2021, M $ US

From 2018 to 2021, Denmark's import structure in value terms was balanced rather than concentrated. Sweden accounted for 18.5% of imports, China for 17.6%, and Poland for 12.2%, with these three countries jointly representing 48.4% of total flows. The remaining 51.6% was spread across many other countries.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Denmark in value, 2018-2021