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According to customs data, after the furniture industry recorded a growth rate of 24.5% in the first quarter of 2022 and 22.2% in the first half of 2022, the industry revenue growth rate dropped to 17.7% from January to September 2022.

The above data further illustrates the situation observed by the Association earlier: although it continues to grow on the whole, the growth rate began to slow down in the second quarter of 2022, and further decreased in the third quarter, which indicates that it will also develop like this at the end of this year.

According to customs data, furniture exports accounted for 41% of the industry's overall revenue in the third quarter, up 14% year on year to 3.2 billion euros (about 23.4 billion yuan) (a year-on-year increase of 16.3% in the first half of the year). According to customs data, Italy's local market accounted for 59% of the overall revenue, recording a 20.5% growth (26.7% growth in the first six months), and the revenue was 4.7 billion euros (about 34.4 billion yuan).

According to customs data, the revenue in the third quarter exceeded 7.9 billion euros (about 57.7 billion yuan), including more than 250 wood furniture companies and more than 200 wood products companies.

For the prediction of the fourth quarter, Federlegno Arredo believes that the wooden furniture industry will achieve a double-digit growth of about 12%.

"Unfortunately, according to the customs data we collected, it confirms our prediction a few months ago. The industry has shown signs of slowing down, and the geopolitical and economic situation is also uncertain." Claudio Feltrin, president of Federlegno Arredo, commented, "These factors force the industry to be very cautious, although we may end up with double-digit growth at the end of the year."