The financial market crisis has exerted a major impact on the Polish home furnishings market, which declined by 5% on average over the last two years. Consequently, its value stood at PLN12.6bn (US$4.0bn) at the end of 2011.
The market saw an upturn in the first six months of 2012, although the economic slump of the year’s second half will have an adverse effect on the sector.
According to projections presented in PMR’s latest report*, the value of the market is poised to shrink by 1%. As the correction is to continue throughout the next year, the sector will revert to positive growth in 2014.
For the full story, see the December 2012 edition of Textiles Eastern Europe. Not a subscriber? Subscribe HERE