Furniture Industry Lithuania

Europe plays a key role in the global furniture industry. The furniture market has expanded to the manufacturing of home interiors and furnishing that exhibit class and high-quality. The economy of Lithuania is the largest economy among the three Baltic states.

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In 2015 exports of Lithuanian furniture industry amounted to almost 1.2 billion EUR, making it Lithuania`s fourth largest exporting industry.

Furniture industry lithuania. To rally a group of enterprises to produce furniture products of high added value and unite enterprises and science institutions of the Baltic States.. Together with external IKEA suppliers, we represent the IKEA production capacity.. This statistic shows the annual production value of manufacture of furniture in Lithuania from 2008 to 2016.

Some of the main wood-based products include furniture, cardboard, and printed boxes. 2019 saw a series of SFIC business development missions led by SFIC to the region. Enterprises of SBA Furniture group are one of the most efficient in the Middle Europe.

Excel Hardware Pte Ltd. Major export destinations for Lithuanian furniture industry in 2015 were Sweden (25.6 percent of total Lithuanian furniture exports), United Kingdom (12.2 percent), Sweden (11.2) and Denmark (10.2 percent). These products account for about 5.4 percent of exports.

Revenue in the Furniture market amounts to US$956m in 2020. Skilled workers in the industry use various machines, tools and CAD/CAM to contribute to the. Wood sawn or chipped dominates in the value of products sourced from the United States to Lithuania.

Lithuania belongs to the group of very high human development countries and is a member of WTO and OECD.. Furniture is used in laboratories, spa, office, clean room, restaurants, camping, bedroom, outdoor, library, parks, stores, and many more places. We are focusing on acquisitions of small-sized businesses in the field of furniture manufacturing, with an annual turnover range of € 500,000 - 5 million.

To some extent there is potential for U.S. In 2016, the production value of manufacture of furniture came to approximately 1.47. In 2011, Polish furniture reached 160 countries and statistics released by the furniture industry association OIGPM show that at least one of the furniture items in every German, French or English office or home is produced in Poland.