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February 15, 2021

Global furniture consumption is estimated to decrease by -10% in 2020

Covid-19 has severely impacted global furniture trade growth – yet recovery is imminent, reports Milan’s Centre for Industrial Studies (CSIL) in its latest World Furniture Outlook.  2020 has been a challenging year for the furniture sector, hit by the pandemic both on the demand and supply side. The lockdown policies and their length varied across countries, segments of production and retail activities.  World furniture consumption is estimated to decrease by -10% in 2020 (in current US$). For the first time, all regions are projected to experience negative growth in 2020, with differences across countries reflecting ...

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