CSIL World Outlook

Furniture: the global market remains stable

CSIL’s analysis and forecasts for the international furniture trade. Growth is slowing, but Italia remains the world’s fourth-largest exporter

Adobe Stock

2' min read

Translated by AI
Versione italiana

2' min read

Translated by AI
Versione italiana

Progress is slow, but progress it is. Or, at the very least, the war in the Middle East, US protectionist policies and the many global conflicts and geopolitical tensions will not bring the global furniture market to a standstill.

Forecasts for 2026 and 2027

Forecasts by the CSIL (Centre for Light Industry Studies) predict a slowdown in growth for 2026, both globally and in emerging and advanced economies, caused primarily by the effects of the war in Iran, but growth is nevertheless expected to reach 3.1 per cent overall (in real terms), rising to 3.9 per cent for the first group of countries and 1.8 per cent for the second group. As for 2027, growth is forecast to be in the region of 3.2 per cent, 1.7 per cent and 4.2 per cent, respectively.

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Italia remains firmly in fourth place among the world’s leading exporting countries – although China’s figures are on a completely different scale – behind Vietnam and Poland, but ahead of Germany. As for importing countries, the United States remains in first place, followed by Germany, the United Kingdom, France and the Netherlands.

The impact of US tariffs

In 2025, CSIL analysts explain, global trade policy was characterised ‘by growing uncertainty due to shifting tariff policies, geopolitical tensions and evolving trade relations between the major economies. Businesses have faced difficulties in planning investments and managing supply chains due to the unpredictability of regulatory changes and the risk of new trade barriers’.

The impact of the tariffs was, however, less than initially anticipated. Households and businesses brought forward their consumption and investment in anticipation of higher tariffs, providing a temporary boost to global economic activity in the first half of the year. Trade flows were partly redirected towards third countries.

This pattern generally applies to international trade, but is particularly evident in the international furniture market, which showed virtually no growth in 2025, whilst the effects of the tariffs introduced in October became apparent in 2026. The outlook is being negatively affected by the war in the Middle East, the complex geopolitical situation and the uncertainty surrounding trade policy, which remains persistently high.

The impact of the war in Iran

The war in the Middle East and the global geopolitical context represent one of the main concerns for the world economy in 2026, with global growth forecast to slow to 3.1 per cent, even assuming the conflict is of limited duration. According to the International Monetary Fund, downside risks predominate in the economic outlook. A more protracted conflict, a further deterioration in geopolitical fragmentation and persistent trade tensions could weaken growth even further.

Further pressure on the global economy is being caused by disruptions to maritime trade and damage to energy infrastructure. Together, these factors have led to a sharp rise in energy and raw material costs, fuelling inflation, undermining confidence and slowing down both household spending and business investment.

Globally (across 100 countries analysed), following a difficult 2025, furniture consumption is forecast to stagnate in real terms in 2026, with a slight recovery in 2027.

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