Furniture Industry Lithuania

The market is expected to grow annually by 3.2% (CAGR 2020-2023).

Furniture industry lithuania. Furniture industry accounts for about 2.5 percent of GDP employing about 27 000 workers or 2.9 percent of total employment. In total, Lithuanian plants processed some 3 million cubic meters of timber. We are focusing on acquisitions of small-sized businesses in the field of furniture manufacturing, with an annual turnover range of € 500,000 - 5 million.

Furniture market size and forecasts up to 2021, production, consumption, imports and exports of furniture for the. Lithuania is a member of the European Union and its GDP per capita is the highest in the Baltic states. Revenue in the Furniture market amounts to US$956m in 2020.

In 2011, Polish furniture reached 160 countries and statistics released by the furniture industry association OIGPM show that at least one of the furniture items in every German, French or English office or home is produced in Poland. Europe plays a key role in the global furniture industry. CSIL Market Research Lithuania Furniture Outlook analyses the Lithuanian furniture market through updated furniture industry data, useful indicators:

For offices, seats, medical, furniture) 19 30 19 18 21 22 Mattresses 13 16 21 18 21 18 Other furniture 14 14 15 14 17 13 Source: Lithuania is the best performing market in Europe in the last five years for furniture production growth, mainly driven by exports. Excel Hardware Pte Ltd.

These products account for about 5.4 percent of exports. In 2016, the production value of manufacture of furniture came to approximately 1.47. The estimated decline in furniture industry turnover in 2020 will amount to PLN 17 billion, or 35% Coronavirus:

Most of the furniture is manufactured using a variety of materials and is available. Browse through 107 potential providers in the furniture industry on Europages, a worldwide B2B sourcing platform. The woodworking industry is considered to be one of the fastest growing in Lithuania.