According to estimates from CSIL in Milan, Italian production of dining and living room
furniture amounted to Euro 1,532 million in 2002, a 2.5% fall on the previous year and
reversing the trend of the 5 previous years. Fifty percent of Italian dining and living
room furniture production is exported. Exports, which amounted to Euro 780 million in
2002, were mainly directed to Germany (21%), United States (16%), France (9%) and United
Kingdom (6%). In 2002, export decreased by 3%. Contraction was registered to all the
trading partner countries, with exception of North American region, which registered a
+37% growth. The Italian domestic market for dining and living room furniture amounted to
Euro 1407 million in 2002 with imports accounting for less than 10%. CSIL is forecasting a
recovery of the market from September of 2003. |
