Industry revenue of »manufacture of kitchen furniture« in Slovakia 2011-2023

The revenues of the Slovakian kitchen furniture manufacturing industry are projected to decline from 17.7 million U.S. dollars in 2011 to 9.4 million U.S. dollars by 2023. This doesn’t come as much of a surprise, as the number of enterprises in the furniture manufacturing industry have been declining over the years. Amongst key reasons for the decline include, the high manufacturing costs and the growing import penetration. As a result, furniture retail in specialised stores has also witnessed a decline.

Amongst the various furniture segments, living and dining room furniture is the most popular, followed by floor covering, lamps and lighting, and bedroom furniture. Kitchen furniture ranks fifth on the list.

IKEA reopens store in Bratislava

After nearly two months of closure due to the outbreak of the corona virus, IKEA has reopened its only store in Bratislava, in the first week of May. However, experts believe that demand is expected to only be tepid during the short to medium term, as consumers are likely to curtail their discretionary spend.

Industry revenue of »manufacture of kitchen furniture« in Slovakia from 2011 to 2023

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Sources

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Slovakia. The industry “manufacture of kitchen furniture“ has the code “C3102“.

Details on the methodology can be found here.

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