STRUCTURAL EFFECTS AND MUTATIONS CAUSED BY THE ECONOMIC CRISIS ON FURNITURE TRADE AT THE EUROPEAN UNION LEVEL

Abstract

he global economic crisis had most negative effects on the entire economic sphere and especially in what the consuming industry is concerned, which may be considered “luxurious”, the way in which we may talk about the furniture industry. Along times of economic crisis at social level, a decrease in financial power at microeconomic, individual level is felt. Under conditions of social decrease in buying capacity, the request for commercial furniture is in rapid fall and thus the industry as such suffers serious structural mutations. Analyzing a series of macroeconomic indices from the European furniture industry led to the result that during the late years there has been a positive trend within the furniture industry in matters of production, however, with concern to trading, the situation is more complicated. There is a behaviour difference in the furniture industry between emergent countries and EU developed states and based on the performed analysis, a SWOT analysis at sectorial level crystallized, in which we propose ways of growth in the European furniture industry.

Keywords

• furniture industry
• economical crisis
• SWOT analysis
• structural mutations