Nevertheless, there are also numerous opportunities for global exporters looking to sell quality furniture in markets such as Romania, Poland, Hungary, Bulgaria, Czech Republic, Serbia, Turkey, Lithuania etc.
For example, according to a FRD Center analysis based on statistic data, the imports of furniture, lighting, signs, prefabricated buildings in Hungary went up by 18.2% in 2016 compared to 2015, followed by Romania where the imports were over 15% higher.
Due mainly to the increasing purchasing power of the 20 million Romanian population, the Romanian imports of furniture in the first five months of 2017 went up more than 7% y-t-y and have reached 256 mEUR.
At the same time, in 2016, the Romanian furniture production grew by 6.7%, exports by 7.3%, domestic consumption by 13.4%, and the number of employees in the industry increased by almost 4%.
In 2016, the Polish imports of furniture, lighting, signs, prefabricated buildings reached some 2.7 bn USD, which according to a FRD Center analysis based on statistic data, represents a 8% growth.
According to the same source, the imports of furniture, lighting, signs, prefabricated buildings in 2016 in Serbia were 9% higher while in Bulgaria and Lithuania these went up 7.8% compared to 2015.
Every year, FRD Center is subcontracted by Export Promotion Organisations from Western Europe to organise Inward Buyer Missions for Romanian and other buyers in the region to travel to various trade fairs in Western Europe and meet with the local producers, including furniture and home decor manufacturers.
The FRD Center B2B Matchmaking services involve identification and selection of most relevant targets, direct liaison at Manager level, presentation of the Client's products / services, pursuit for obtaining expression of interest in a 1-2-1 meeting with the Client representative, arranging and confirming 1-2-1 business meetings in a Commercial Agenda / Business Itinerary in the market, assistance on location, follow-up etc.http://market-entry-romania.blogspot.ro/2016/09/b2b-matchmaking-services-in-romania-and.html
Are you looking to expand on the Romanian or Eastern European market through the acquisition of a local producer? A Merger&Acquisition? Since 2000, FRD Center offers deal origination, market research and M&A consulting services to foreign buyers and investment funds interested to enter Romania and the emerging markets in Europe as investors or joint-ventures.
More details about our Deal Origination services are available at: http://market-entry-romania.blogspot.ro/2017/02/deal-origination-in-romania-and-region.html
For tailor-made market research, B2B matchmaking with players in the Emerging Markets in Europe, for M&A assistance and deal origination feel free to contact the FRD Center team at: email: firstname.lastname@example.org or tel: +4021 411 1459/60/61