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.
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.
