26 May 2024, 03:05
By Furniture News May 04, 2021

BFM reports clear bounceback in furniture demand

Demand for furniture has soared as shops and the wider economy reopen, according to the latest trade survey by British Furniture Manufacturers (BFM).

The Furniture Trade Survey April 2021 found a +40% rise in manufacturers reporting new orders, while 84% of respondents are more confident about the general business situation than they were in October last year.

A further 63% said trade was better than the equivalent period one year ago.

However, increasing costs for raw materials such as board, plywood and foam have led to a rise in product prices, reflecting the general retail trend.

BFM MD Nick Garratt says: “Despite the traditional modes of selling and contract work being absent in recent months, furniture manufacturers are showing a high degree of confidence, with 42% expecting to recruit new staff in the next six months.

“But the increasing cost of raw materials has continued to be an issue and, as we have seen across the whole sector, prices have gone up as a result.

“However, 69% reported output over the last six months beat expectations, and this measure of performance is expected to improve still further over the summer.

The BFM's Furniture Trade Survey is conducted every six months, and is available to BFM members from the association’s website.

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