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Daily News / Market Analysis / Furniture / Wood Products / Europe / Global
June 6, 2017

Long-term implications of Brexit for EU wooden furniture market

Long-term implications of Brexit for EU wooden furniture market
Looking to the future, the UK’s decision to withdraw from the EU, an event scheduled to take place by 2019, has particularly important implications for long-term growth in EU demand for wooden furniture from tropical countries, although the precise effects are still far from clear.    The UK’s decision is particularly significant for the wooden furniture trade because the UK is not only one of the largest consuming markets in the EU, but is relatively highly dependent on imports.    As much as 45% of all wooden furniture purchased in the ...

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