October 2, 2017
Tropical and Chinese suppliers claw back EU furniture market share
European furniture manufacturers have been taking larger share of the internal EU market in recent years, gradually squeezing out overseas competitors. This trend has been driven partly by increased price competitiveness at a time when the euro and other European currencies have been weak relative to the US dollar. There are also more enduring factors, including the underlying strength of European furniture manufacturers and their brands in terms of innovation and design; the obstacles to overseas suppliers complying with complex EU technical and environmental standards; and the expansion of furniture manufacturing in ...
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