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Spanish furniture trade - 1st trimester 2012

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PAOLA LAZZARINI
PAOLA LAZZARINI

Spanish furniture exports increased 5.7% in the first trimester of 2012 compared to the same period in 2011, while imports decreased 12.5%. This led to a trade deficit of 187.1 million. France was the top importer of Spanish furniture, making up 29% of exports. Exports to northern and eastern European countries increased to offset decreases elsewhere, while exports to the US and Saudi Arabia declined the most.

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SPANISH FURNITURE TRADE 2012 FIRST TRIMESTER REPORT
JANUARY MARCH 2012: SPANISH FURNITURE EXPORTS, IMPORTS AND SECTORIAL BALANCE According to ESTACOM statistics, from Import and export figures January to March 2012, Spanish furniture reveal that the deficit of the exports amounted to 337 million euros, which represents an encouraging growth Spanish trade balance of 5.7%, if compared to last years results amounts to -187,1 million for the same period. euros, while the import/export coverage ratio makes up 64.3%. On the import side, figures indicate that at the end of the first trimester Spains 2011 2012 % 12/11 furniture imports decreased sharply by 12.5%, amounting to 524.1 million euros January 83.8 94.9 8.1% against 598.7 million euros of previous February 102.3 108.2 5.8% year. March 128.6 133.9 4.1% January- 318.7 337.0 5.7% March in million euros Source: ESTACOM ANIEME - Spanish Association of Furniture Manufacturers and Exporters
MAIN MARKETS FOR SPANISH FURNITURE France, Portugal, Germany, Italy and United Kingdom are the main Spains furniture purchasers in the first trimester 2012. Although many European markets have recorded a sharp setback due to the general decline of their domestic consumer demand, EU countries maintain their leading position among major Spains furniture purchasers. Furniture sales to top five importers made up 57,8% of total exports. Looking at major markets, France, whose furniture purchases from Spain amounted to 97,8 million euros, stands out as the top Spanish furniture importer. With a share of 29% of Spanish exports, France consumes as much Spanish product as Portugal, Germany, Italy and United Kingdom altogether (28,8%). A country where Spain is doing particularly well is Morocco, that ranks now 6th among main Spains clients just behind 5 EU countries - with an increase of 17.5% of Spanish furniture imports. ANIEME - Spanish Association of Furniture Manufacturers and Exporters
Ranking of main destination markets for Spanish furniture exports Countries JAN-MAR % OF TOTAL VARIATION 2012 EXPORTS 10-09 France 97.8 29.09% 14.2% Portugal 42.4 12.6% -17.4% Germany 23.5 7% -0.25% Italy 16.9 5.0% -8.1% United Kingdom 14.2 4.2% -7.9% Morocco 11.3 3.4% 17.5% Russia 10.6 3.1% 43.2% USA 8.6 2.6% -7.0% The Netherlands 8.5 2.5% 62.5% Belgium 7.3 2.2% 12.7% Mexico 6.6 2.0% -2.9% Saudi Arabia 4.7 1.9% 10.2% Poland 3.7 1.1% 8.1% Turkey 3.5 1.0% -6.2% Switzerland 3.5 1.0% 1.9% in million euros Source: ESTACOM ANIEME - Spanish Association of Furniture Manufacturers and Exporters
MAIN TRENDS IN SPANISH FURNITURE EXPORTS On the whole, it should be pointed out that Spanish furniture sales have showed an upward trend during 2012 first trimester. Encouraging results have been registered both in Northern and Eastern Europe: to compensate the decrease of sales to Germany, the Netherlands and Belgium have increased their imports of Spanish furnishing products by 62,5% and 12,7%, respectively; exports to Russia have picked up again by 43,2%, while exports to Poland have risen by 8,1%. On the other hand, between January and March 2012, exports to United States (-7%) and Saudi Arabia (-34,0%) have registered the most significant decline. ANIEME - Spanish Association of Furniture Manufacturers and Exporters
IMPORTS As far as the main furniture supplier countries are concerned, China, whose furniture purchases from Spain amounted to 128.5 million euros (-15.0%), consolidates itself as the main origin market, concentrating more than 24% of Spains imports of furniture. Four countries of the EU (Portugal, Germany, Italy and France) rank 2nd to 5th just behind China, representing 41.4% of total imports. As it can be observed, all Spains furniture suppliers have registered negative results, due to the drop of Spains domestic demand. ANIEME - Spanish Association of Furniture Manufacturers and Exporters
Main furniture trading partners: origin of furniture imports Countries JAN-MAR % OF TOTAL VAR. 12-11 2012 IMPORTS China 128.6 24.5% -15.0% Portugal 66.8 13.1% -13.5% Germany 59.9 11.4% -10.2% Italy 50.8 9.7% -8.6% France 37.7 7.2% -3.3% Poland 31.3 6.0% -14.5% Czech Republic 12.5 2.4% -22.5% Romania 12.0 2.3% -14.2% Morocco 9.5 1.8% 8.4% Vietnam million euros 9.3 in 1.8% -28.7% Source: ESTACOM ANIEME - Spanish Association of Furniture Manufacturers and Exporters
RESULTS BY AUTONOMOUS COMMUNITIES (REGIONS) Looking at results by Autonomous Communities (Regions), Catalonia keeps on playing a leading role in the national furniture exports. With furniture exports worth 100.9 million euros, Catalonia has recorded a significant increase of 9.7% during 2012 first trimester. Its exterior sales make up 29.9% of the Spains total furniture exports. The Valencia Community ranks second with furniture exports amounting to 74.1 million euros and registering a significant increase of 13.3%. It is worth to point out that both Communities represent 51.9% of the national furniture exports, showing that sales to foreign markets are largely concentrated in only two regions. Lagging far behind, the other Autonomous Communities with significant export performances are: Galicia (28.2 million euros), Madrid (20.7 million euros), Aragon (20.6 million euros), the Basque Country (19.40 million euros) and Andalusia (17.4 million euros). With exports amounting to 10.9 million euros, Murcia, one of the main Spanish furniture producer cluster, ranks now tenth. ANIEME - Spanish Association of Furniture Manufacturers and Exporters

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Spanish furniture trade - 1st trimester 2012

  • 1. SPANISH FURNITURE TRADE 2012 FIRST TRIMESTER REPORT
  • 2. JANUARY MARCH 2012: SPANISH FURNITURE EXPORTS, IMPORTS AND SECTORIAL BALANCE According to ESTACOM statistics, from Import and export figures January to March 2012, Spanish furniture reveal that the deficit of the exports amounted to 337 million euros, which represents an encouraging growth Spanish trade balance of 5.7%, if compared to last years results amounts to -187,1 million for the same period. euros, while the import/export coverage ratio makes up 64.3%. On the import side, figures indicate that at the end of the first trimester Spains 2011 2012 % 12/11 furniture imports decreased sharply by 12.5%, amounting to 524.1 million euros January 83.8 94.9 8.1% against 598.7 million euros of previous February 102.3 108.2 5.8% year. March 128.6 133.9 4.1% January- 318.7 337.0 5.7% March in million euros Source: ESTACOM ANIEME - Spanish Association of Furniture Manufacturers and Exporters
  • 3. MAIN MARKETS FOR SPANISH FURNITURE France, Portugal, Germany, Italy and United Kingdom are the main Spains furniture purchasers in the first trimester 2012. Although many European markets have recorded a sharp setback due to the general decline of their domestic consumer demand, EU countries maintain their leading position among major Spains furniture purchasers. Furniture sales to top five importers made up 57,8% of total exports. Looking at major markets, France, whose furniture purchases from Spain amounted to 97,8 million euros, stands out as the top Spanish furniture importer. With a share of 29% of Spanish exports, France consumes as much Spanish product as Portugal, Germany, Italy and United Kingdom altogether (28,8%). A country where Spain is doing particularly well is Morocco, that ranks now 6th among main Spains clients just behind 5 EU countries - with an increase of 17.5% of Spanish furniture imports. ANIEME - Spanish Association of Furniture Manufacturers and Exporters
  • 4. Ranking of main destination markets for Spanish furniture exports Countries JAN-MAR % OF TOTAL VARIATION 2012 EXPORTS 10-09 France 97.8 29.09% 14.2% Portugal 42.4 12.6% -17.4% Germany 23.5 7% -0.25% Italy 16.9 5.0% -8.1% United Kingdom 14.2 4.2% -7.9% Morocco 11.3 3.4% 17.5% Russia 10.6 3.1% 43.2% USA 8.6 2.6% -7.0% The Netherlands 8.5 2.5% 62.5% Belgium 7.3 2.2% 12.7% Mexico 6.6 2.0% -2.9% Saudi Arabia 4.7 1.9% 10.2% Poland 3.7 1.1% 8.1% Turkey 3.5 1.0% -6.2% Switzerland 3.5 1.0% 1.9% in million euros Source: ESTACOM ANIEME - Spanish Association of Furniture Manufacturers and Exporters
  • 5. MAIN TRENDS IN SPANISH FURNITURE EXPORTS On the whole, it should be pointed out that Spanish furniture sales have showed an upward trend during 2012 first trimester. Encouraging results have been registered both in Northern and Eastern Europe: to compensate the decrease of sales to Germany, the Netherlands and Belgium have increased their imports of Spanish furnishing products by 62,5% and 12,7%, respectively; exports to Russia have picked up again by 43,2%, while exports to Poland have risen by 8,1%. On the other hand, between January and March 2012, exports to United States (-7%) and Saudi Arabia (-34,0%) have registered the most significant decline. ANIEME - Spanish Association of Furniture Manufacturers and Exporters
  • 6. IMPORTS As far as the main furniture supplier countries are concerned, China, whose furniture purchases from Spain amounted to 128.5 million euros (-15.0%), consolidates itself as the main origin market, concentrating more than 24% of Spains imports of furniture. Four countries of the EU (Portugal, Germany, Italy and France) rank 2nd to 5th just behind China, representing 41.4% of total imports. As it can be observed, all Spains furniture suppliers have registered negative results, due to the drop of Spains domestic demand. ANIEME - Spanish Association of Furniture Manufacturers and Exporters
  • 7. Main furniture trading partners: origin of furniture imports Countries JAN-MAR % OF TOTAL VAR. 12-11 2012 IMPORTS China 128.6 24.5% -15.0% Portugal 66.8 13.1% -13.5% Germany 59.9 11.4% -10.2% Italy 50.8 9.7% -8.6% France 37.7 7.2% -3.3% Poland 31.3 6.0% -14.5% Czech Republic 12.5 2.4% -22.5% Romania 12.0 2.3% -14.2% Morocco 9.5 1.8% 8.4% Vietnam million euros 9.3 in 1.8% -28.7% Source: ESTACOM ANIEME - Spanish Association of Furniture Manufacturers and Exporters
  • 8. RESULTS BY AUTONOMOUS COMMUNITIES (REGIONS) Looking at results by Autonomous Communities (Regions), Catalonia keeps on playing a leading role in the national furniture exports. With furniture exports worth 100.9 million euros, Catalonia has recorded a significant increase of 9.7% during 2012 first trimester. Its exterior sales make up 29.9% of the Spains total furniture exports. The Valencia Community ranks second with furniture exports amounting to 74.1 million euros and registering a significant increase of 13.3%. It is worth to point out that both Communities represent 51.9% of the national furniture exports, showing that sales to foreign markets are largely concentrated in only two regions. Lagging far behind, the other Autonomous Communities with significant export performances are: Galicia (28.2 million euros), Madrid (20.7 million euros), Aragon (20.6 million euros), the Basque Country (19.40 million euros) and Andalusia (17.4 million euros). With exports amounting to 10.9 million euros, Murcia, one of the main Spanish furniture producer cluster, ranks now tenth. ANIEME - Spanish Association of Furniture Manufacturers and Exporters