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An Intense Year for the Furniture Industry

2024 has been a challenging year. According to CSIL, global furniture consumption is expected to remain stable in current USD compared to 2023, with varying trends across different regions and countries. Europe has been one of the hardest-hit regions, experiencing significant declines, particularly in Germany and France. Although inflation has slowed considerably, the trend has not yet shifted towards increased consumption, as the economic and social outlook remains uncertain.