North Macedonia: manufacture of furniture production value 2020

The production value of the furniture manufacturing industry in North Macedonia dropped to 62.4 million euros in 2020. This means a decline by 9 million euros in comparison to the previous year. This decrease was preceded by an increasing production value in this industry.

The value of production is defined by Eurostat as the amount actually produced by the unit, based on sales, including changes in stocks and the resale of goods and services.
Find more statistics on the furniture manufacturing industry in North Macedonia with key insights such as personnel costs, turnover, or number of enterprises.

Production value of the furniture manufacturing industry in North Macedonia from 2011 to 2020 (in million euros)

Characteristic	Annual production value in million euros
2020p	62.4
2019	71.4
2018	67.4
2017	65.6
2016	63.2
2015	61.6
2014	62.3
2013	53.1
2012	46.7
2011	47.6

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Release date

February 2022

More information

Region

North Macedonia

Survey time period

2011 to 2020

Supplementary notes

p: Provisional value.
The source adds the following information: Production value measures the amount actually produced by the unit, based on sales, including changes in stocks and the resale of goods and services. The production value is defined as turnover, plus or minus the changes in stocks of finished products, work in progress and goods and services purchased for resale, minus the purchases of goods and services for resale, plus capitalised production, plus other operating income (excluding subsidies). Income and expenditure classified as financial or extra-ordinary in company accounts is excluded from production value.
Data coverage corresponds to Section C31 of NACE Rev. 2.

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