The BFM (British Furniture Manufacturers) has announced that the total value of furniture produced in the UK fell by 1.6% in 2015 compared to last year.
According to latest BFM Furniture Manufacturing Industry Performance Review, although production value fell, imports of furniture grew by 10.2%, resulting in an overall market figure for all types of furniture up by 3% to £10.6bn at manufacturer’s prices.
UK manufactured sales as a percentage of net supply fell from 47% to 44%, while UK export sales improved by 8% in the year.
Furthermore, the BFM highlighted that among the 10 individual furniture sub sectors, the UK market combined saw a decline by 6% in 2015 to £5.2bn. UK manufactured sales contributed over £4.2bn of this figure or 80% of the share of the total market, a rise of 0.9% from 2014.
The UK furniture market as a whole from total sales represents 44% from UK manufactured sales, compared to the 56% of total import sales, with the combined figure of £10.6bn.