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Spanish Furniture Trade 1st Trim. 2012
Spanish Furniture Trade 1st Trim. 2012
Import and export figures reveal that the deficit of the Spanish trade balance amounts to -187,1 million euros, while the import/export coverage ratio makes up 64.3%.
2011 January February March JanuaryMarch 83.8 102.3 128.6 318.7 2012 94.9 108.2 133.9 337.0 % 12/11 8.1% 5.8% 4.1% 5.7%
in million euros
ANIEME - Spanish Association of Furniture Manufacturers and Exporters
Source: ESTACOM
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
France Portugal Germany Italy United Kingdom Morocco Russia USA The Netherlands Belgium Mexico Saudi Arabia Poland Turkey Switzerland
in million euros
ANIEME - Spanish Association of Furniture Manufacturers and Exporters
Source: ESTACOM
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
Countries China
Portugal Germany
Italy France Poland Czech Republic Romania Morocco Vietnam
66.8 59.9
50.8 37.7 31.3 12.5 12.0 9.5 9.3
13.1% 11.4%
9.7% 7.2% 6.0% 2.4% 2.3% 1.8% 1.8%
-13.5% -10.2%
-8.6% -3.3% -14.5% -22.5% -14.2% 8.4% -28.7%
in million euros
ANIEME - Spanish Association of Furniture Manufacturers and Exporters
Source: ESTACOM