Furniture and its parts market in Italy

Earlier Report Observations

The Italian furniture market began the period supported by the furniture bonus confirmed in the 2018 Stability Law, which sustained domestic consumption. However, market size contracted in 2019 as slower growth in disposable income and employment restrained purchases, and fell further in 2020 due to the COVID-19 pandemic, which weakened domestic demand and caused stagnation in global trade.

A strong rebound occurred in 2021, driven by the extension of the furniture bonus in the 2021 Budget Law and a surge in residential investment fueled by incentives like the Superbonus 110%. Growth continued through 2022 and 2023, supported by rising export turnover and a significant expansion of online sales, which exceeded 19% of the total market by 2024. Price increases for furniture, due to higher energy and raw material costs, also contributed to the nominal market value growth during these years.

In 2024, the market size declined as the furniture and appliance bonus expired at the year's end, reducing domestic demand. This was coupled with consumer caution and a normalization after the post-pandemic growth surge, although online sales remained a growing segment.

Production furniture and its parts in Italy

In value, 2017-2020, M $ US

Italy's furniture and parts production declined for the third consecutive year. In 2020, output was valued at 12 702 million US dollars, showing a modest decrease of 10.0% from the previous year. Between 2017 and 2020, production decreased by 20.6%, which equates to an annualized rate of 7.4%.

Annual dynamics of production in Italy in value, 2017-2020, M $ US

Exports furniture and its parts from Italy

Exports in kind, K t

After two years of growth, Italy's exports of furniture and parts declined. In 2020, Italy exported 1 800 thousand tonnes, marking a 3.7% decrease compared to 2019. The peak was recorded in 2019 at 1 869 thousand tonnes, while the largest increase occurred in 2018 at 2.6%.

Annual dynamics of product's exports from Italy in kind, 2017-2020, K t

From 2017 to 2020, the geographical structure of Italy's furniture and parts exports in volume terms was highly diversified. France accounted for 16.4% of exports, Germany for 15.5%, and the United Kingdom for 12.3%, together making up only 44.2% of total flows. The remaining 55.8% was distributed among numerous smaller partner countries.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Italy in kind, 2017-2020

Exports in value, M $ US

Italy's furniture and parts exports declined for the second consecutive year. In 2020, exports reached 6 856 million US dollars, a decrease of 9.0% compared to the previous year. Between 2017 and 2020, exports decreased by 5.1%, equating to an annualized rate of 1.7%. The highest value was recorded in 2018 at 7 886 million US dollars, with the largest increase also in 2018 at 9.2%.

Annual dynamics of product's exports from Italy in value, 2017-2020, M $ US

From 2017 to 2020, Italy's furniture and parts exports in value terms were widely dispersed across partner countries. France represented 14.7% of exports, the United States 11.2%, and Germany 10.6%, together accounting for only 36.5% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Italy in value, 2017-2020

Imports furniture and its parts to Italy

Imports in kind, K t

After two years of growth, Italy's imports of furniture and parts declined. In 2020, imports were recorded at 471 thousand tonnes, down by 8.1% compared to the previous year. The peak was in 2019 at 512 thousand tonnes, while the largest increase occurred in 2018 at 9.8%.

Annual dynamics of product's imports to Italy in kind, 2017-2020, K t

From 2017 to 2020, China, Poland, and Germany were the main suppliers of furniture and parts to Italy in volume terms. China accounted for 20.7% of imports, Poland for 18.0%, and Germany for 13.1%, together comprising 51.7% of total imports.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Italy in kind, 2017-2020

Imports in value, M $ US

Italy's imports of furniture and parts declined for the second consecutive year. In 2020, imports stood at 1 235 million US dollars, which is 3.1% lower than the previous year. Over the period 2017-2020, imports increased by 3.3%, with a compound annual growth rate of 1.1%. The highest value was recorded in 2018 at 1 375 million US dollars, with the largest decline in 2019 at 7.2% and the largest increase in 2018 at 15.0%.

Annual dynamics of product's imports to Italy in value, 2017-2020, M $ US

From 2017 to 2020, the country composition of Italy's furniture and parts imports in value terms was dispersed. China accounted for 19.7% of imports, Germany for 16.9%, and Poland for 11.9%, together forming just 48.4% of total flows, with the remaining 51.6% split among a wide range of other destinations.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Italy in value, 2017-2020