Leading tropical suppliers of wooden furniture to the EU

Source:
ITTO/Fordaq
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In terms of the leading tropical furniture suppliers to the EU, imports from Vietnam and Indonesia have followed a similar trend; rising relatively strongly in 2014 but slowing since. EU imports from Vietnam increased just 1.3% to euro 730 million last year, while imports from Indonesia increased 3.7% to euro 310 million. 

There was better news for Malaysia. After dipping 5% in 2016 to euro 184 million, EU imports from Malaysia recovered 10.3% to reach euro 203 million last year. EU imports from India have experienced more consistent year on year growth since 2015, with trade rising an additional 12.3% to euro 202 million in 2017.

After relatively static performance for four years, EU imports from Brazil and Thailand both saw decreases in 2017, down 5.3% and 3.4% to euro 112 million and euro 61 million respectively.

The biggest increase last year, albeit from a modest base of euro 69 million, came in EU imports from ‘other tropical countries’, up 87.8% to euro 130 million.

Contributions to this rise came from Singapore, which is channelling furniture to the EU from elsewhere in South East Asia, and from the UAE and Qatar.

EU imports of wood furniture from the two Middle Eastern countries jumped from under euro 1 million in 2016 to a combined total of nearly euro 36 million last year. This increase all went to the UK and is either an error in the customs statistics or could indicate a switch in sourcing by major retailers or distributors.

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