Furniture and its parts market in Spain

Earlier Report Observations

The Spanish furniture market grew to $3.8 billion in 2018, supported by a significant increase in the average value of furniture exports, which stimulated international trade and market expansion. Growth continued in 2019, with the market reaching $3.9 billion. However, the market contracted to $3.6 billion in 2020.

From 2021 to 2023, furniture imports and exports showed notable shifts. Imports rose in 2021 and 2022 but fell in 2023, while exports grew steadily, reaching a record level in 2023. This reflected stronger competitiveness of Spanish furniture abroad, with exports to North America growing by 15.7%. The manufacturing sector demonstrated resilience despite broader economic fluctuations.

In 2024, retail sales of furniture increased by 1.5%, reaching €4.0 billion, driven by home, kitchen, and office furniture segments. Investment in automated assembly lines boosted production by 18%, although volatility in raw material prices, such as a 12% rise in zinc alloy costs, pressured margins. Consumer preferences shifted toward modular, compact, and sustainable furniture, while online channel penetration exceeded 15% of sales value.

Production furniture and its parts in Spain

In value, 2017-2020, M $ US

Spain's furniture and parts production experienced a decline after two years of growth. In 2019, output reached its peak at 4 023 million US dollars. However, in 2020, production fell to 3 712 million US dollars, marking a 7.7% decrease from the previous year. The most significant increase occurred in 2018, with an 8.5% rise.

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

Exports furniture and its parts from Spain

Exports in kind, K t

Spain's furniture and parts exports grew for the second year in a row. In 2018, exports hit their lowest point at 371.0 thousand tons, with a slight decline of 0.7%. By 2020, export volume had increased to 401.0 thousand tons, showing a 4.3% advance over the previous year. From 2017 to 2020, exports rose by 7.4%, averaging an annual growth rate of 2.4%.

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

From 2017 to 2020, France, Portugal, and Germany were the primary destinations for Spain's furniture and parts exports by volume. France accounted for 38.9% of exports, Portugal for 17.5%, and Germany for 5.3%. Together, these three countries made up 61.7% of total export volume.

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

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

Exports in value, M $ US

Spain's furniture and parts exports in value terms declined for the second consecutive year. In 2018, exports peaked at 1 577 million US dollars, with a 4.0% increase. By 2020, exports had dropped to 1 422 million US dollars, a 7.3% decrease from the year before. Overall, from 2017 to 2020, exports fell by 6.2%, equivalent to an annualized decline of 2.1%.

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

Between 2017 and 2020, Spain's furniture and parts exports in value terms were highly diversified geographically. France represented 27.9% of export value, Portugal 12.8%, and Germany 6.1%. Combined, these three countries accounted for 46.8% of total export flows, while the remaining 53.2% was spread across numerous smaller trading partners.

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

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

Imports furniture and its parts to Spain

Imports in kind, K t

Spain's furniture and parts imports increased for the second year in a row. In 2018, imports were at their lowest at 483.2 thousand tons, with a 1.0% decline. By 2019, imports surged by 18.0%, and in 2020, they reached 613.5 thousand tons, a 7.6% year-over-year rise. From 2017 to 2020, imports grew by 25.7%, averaging an annual growth rate of 7.9%.

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

During the period from 2017 to 2020, China, Italy, and Poland were the key sources for Spain's furniture and parts imports by volume. China contributed 18.7% of imports, Italy 18.5%, and Poland 13.9%. Together, these three countries represented 51.1% of total import volume.

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

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

Imports in value, M $ US

After two years of growth, Spain's furniture and parts imports in value terms declined. In 2018, imports saw the largest increase of 14.2%. By 2019, imports peaked at 1 385 million US dollars. In 2020, imports fell to 1 281 million US dollars, a 7.5% drop from the previous year. Overall, from 2017 to 2020, imports increased by 6.7%, with an annualized rate of 2.2%.

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

Data from 2017 to 2020 show that Spain's furniture and parts imports in value terms were not heavily concentrated. China accounted for 20.9% of import value, Italy for 14.3%, and Germany for 10.9%. Together, these three countries made up 46.1% of total import flows, with the rest distributed among various other partners.

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

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