Spanish furniture exports accumulate a 16.2% contraction in the first 9 months of 2020

Dec 1, 2020 | Markets | 0 comments

SPAIN – ANIEME, Spain’s National Association of Furniture Industries and Exporters presented the foreign trade report for the Spanish furniture sector for the period January-September 2020.

911ESPAÑA In the first 9 months of 2020 Spanish furniture exports show a decrease of 16.2%, exceeding 1,440 million euros, recovering 5.3 points compared to the figures for the first semester, when exports fell by 21.5 %.

As such during the first nine months of the year, an improvement is observed in the data related to Spanish furniture exports compared to the results of the first semester.

Three European countries, France, Portugal and Germany, account for 53.6% of Spanish furniture exports, more than half of the total exported, and are at the head of the main destinations for Spanish furniture during the first nine months of this year.

France maintains its leadership as the first destination for Spanish furniture at the national level, with a growing percentage of the total exported of 32% (in the same period of 2019 the concentration percentage in France was 28%).

According to statements by the President of ANIEME, Juan Carlos Muñoz, “the decline in Spanish furniture exports during the first nine months of 2020 reflects the serious economic consequences of Covid-19 worldwide. This drop has affected all European countries, Spain’s main trading partners, while countries like the United States have shown a somewhat more positive behavior.”

ESP E9403 SEP20 ENGL

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