Over 9% rise in the value of UK manufactured furniture
The BFM has published a review of UK furniture manufacturing performance for 2016. It also compares with previous years, beginning in 2012.
In this report we analyse:
- How the market has changed over the last full calendar year
- The value of UK manufactured sales
- The value of imports and exports
- The size of the UK market
- The percentage of the UK market attributable to UK production
- The unit price of UK produced items
- Comparison of imported and exported product prices by weight
Of the 27 furniture product groups covered, we have chosen 10 sub sectors which represent the typical manufacturing areas within BFM membership. The sectors we do not cover separately but which are included in the ‘all furniture category’ include for example aircraft seats, car seats, medical furniture, furniture parts and non-upholstered seats (as the latter is dominated by imports).
The sub sectors covered are:
Dining & living room furniture
Mattress supports for bed frames
Mattresses with spring interiors
Mattresses of cellular plastics
The total value of furniture produced by all UK makers rose by 9.3% in 2016 over 2015. Imports grew by 9.6% and in turn the UK market for all types of furniture increased by 8.7% to top £11.6 billion at manufacturers’ prices. UK exports grew in the year by an encouraging 13.9%. However, UK manufactured sales as a percentage of net supply fell from 44% to 43%. By comparison, in 2012, UK market share was 49%.
There was, as you might expect, a mix of performances between the sub sectors, with some dominated by UK producers and others where importers hold sway.
UK manufactured sales for the 10 sub sectors combined, grew by 11.8% in 2016 to reach near to £4.8 billion.