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European Union Enlargement: the impact on the furniture industry

I Ed. , 226 pages
Price (single user license): EUR 2000.00 / US$ 2187.4
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Language: English
Report Code: EU.14
Publisher: CSIL
Copyright: CSIL Milano
Status:available for online purchase and immediate download

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This report evaluates the impact of the European Union enlargement on the furniture industry, considering the ten countries that have become actual members of the European Union on May 2004 (Cyprus, Estonia, Latvia, Lithuania, Malta, Poland, Czech Republic, Slovakia, Slovenia, Hungary) and the three countries that are candidates for enlargement after 2007 (Bulgaria, Romania, and Turkey).

A short overview of the status of the furniture industry from 1997 to the present is provided for each country through the analysis of the main economic indicators: production, consumption, imports and exports.

The study of the historical trend is supplemented by the evaluation of some indicators of the size of the domestic demand (number of marriages and number of new buildings) and the identification of the main trade compartments and commercial partners.

The specific study covering the trend of the furniture industry in the past years is followed by an analysis of the business climate of each country: the purpose is to select the main threats and opportunities of each context, together with the strengths and weaknesses of individual economies, since these are important factors (in a positive and negative way) for those people who intend to invest in the new enlargement countries, who want to delocalize a part of their production in those countries, who want to open new markets or for anybody who needs business intelligence.

The last paragraph of each chapter is dedicated to the key issue of the present report: the formulation of forecasts on production, consumption, exports and imports. We decided to tackle the forecast aspect at the end of each chapter, so that the reader may have a preliminary knowledge of the furniture industry in the examined country. This is, however, the key message of our analysis. In order to try to give as accurate forecasts as possible, an econometric approach was used, which, through the construction of suitable models, makes the study possible of the trend of the main economic indicators in the near future. A forecast is given for each indicator: it is both an average forecast for 2004-2007 and a real one, which considers the inflation rate. This structure has only one exception, that is Turkey, for which an average forecast is provided, but it is nominal instead of real: this decision is explained by an increase in prices, which still remain very high and make it difficult to forecast the inflation trend in the short-medium term. For those countries where it was possible, also a diagram is shown of the forecasts of the main variables correlated to the furniture industry trend (essentially, investments in new buildings, consumer prices, exports and imports of goods, available personal income and private consumption).

Countries covered: Bulgaria, Cyprus, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Romania, Slovakia, Slovenia, Turkey.

Abstract of Table of Contents

The EU enlargement: macroeconomic context
Macroeconomic indicators, by country (2005 forecasts)
Trends in the furniture sector (1997-2003): production, consumption, imports, exports
The openness of the furniture market
Furniture exports and imports by country and product: office, kitchen, upholstered
Forecasts for the furniture sector (2004-2007): production, consumption, imports, exports
Macroeconomic profile
Key country indicators and macroeconomic trends
Main stages of the EU enlargement process
The furniture sector: basic data and performance
Trends in the furniture sector (1997-2003): production, consumption, imports, exports
The openness of the furniture market
Factors determining the demand for furniture
International trade of furniture
Furniture exports and imports by country and product:
- office furniture
- kitchen furniture
- upholstered furniture
- non-upholstered seats
- bedroom furniture
- seats parts and furniture parts
The furniture sector: forecasts, threats and opportunities
SWOT analysis for the furniture sector
Forecasts for the furniture sector (2004-2007):
- factors determining the demand for furniture
- production, consumption, imports, exports

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