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The largest furniture market was the EU-25 zone with a total apparent consumption of 99.9 billion Euros or 201 Euros per inhabitant. The imports from third countries represented 9.5% of the EU market (but 13% in volume). The level of consumption is quite different from country to country with consumption in Nordic and German-speaking countries exceeding 300 Euros per inhabitant and the new member states with a consumption of around 50 Euros per inhabitant. The second largest furniture market is the NAFTA zone with a total of 97.2 billion Euros. Imports in this zone have a 28% market share. Per inhabitant some 221 Euros worth of furniture are annually consumed. The furniture market in Asia amounted to 57.8 billion Euros. The Japanese market represented 31% and the Chinese one 43%. In the EFTA countries the penetration rate of imports exceeds 50% amounting at 69% (361 Euros/inhabitant). In Latin America, the apparent consumption amounted at 4.8 billion Euros or 9 Euros/inhabitant. Brazilian market accounts for 65% of the total. |
Market in the world furniture industry