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FURNITURE INDUSTRY REPORTS
Wood and wooden products manufacturing

Joinery
Production of solid wood joinery has a long tradition in Serbia. A large number of companies (275) produce high quality windows and doors, and significant quantities have been directly exported to Russia and EU
countries. Door production is dominated by solid oak wood. However spruce and fir are also common production materials. Domestic companies use high quality metal accessories for joinery along with
ecological coating and can comply with any other consumer request.
Joinery production is closely linked to the construction industry, matching its outputs with the demand the construction industry shows. Local market depths are determined by the construction market demands, thus an increase in construction unilaterally draws a demand for more joinery.
The Serbian real–estate market is growing and many new buildings (residential areas, office buildings etc) are being built, increasing the domestic market demand for joinery. This demand is further increased by
the Serbian construction companies building abroad, which purchase joinery for these projects from Serbian joinery producers. This indirect export of Serbian produced joinery is one of the main
reasons for the recent increase in joinery production.

Engineered wood products
Throughout the world timber has been traditionally used in construction. The latest trends and developments in this area have brought innovative new products to substitute the traditional ones. Sophisticated and modern construction provides interesting alternatives for the use of timber, making timber a competitive building material for even most demanding projects. In addition to its versatility, timber production has an additional advantage, as the industry can supply semi–finished parts, which are easily transported and quickly assembled. Compared to concrete construction, engineered wood products are expected to develop technologically and excel in construction, as wood is a non–toxic, organic building material with good insulating qualities and excellent weight–strength ratio.
The production of engineered wood in Serbia is in its developing stages. The unusual structure of horse training building in Zobnatica Bačka Topola is renown for its expression of innovative design. The roof structure is made of laminated wood. Its form demonstrates elegance and an insight into the possibilities of designing wooden structures. Engineered wood products are yet to be promoted and their application in business is likely to grow over time. The fact that this market segment is neither dominated nor saturated
by producers represents an attractive investment opportunity.

Furniture
Serbian furniture market is a demanding, versatile market which generates many possibilities for furniture producers.
With the recent developments in the economy, and increase in foreign investment and foreign company
representation, the home and office furniture markets have blossomed.
All categories of furniture and furnishings are produced in Serbia: household furnishings, furniture for offices, shops, hotels, restaurants, nurseries and schools. A number of these companies also manufacture interior cabinets and custom furniture (small furniture units, closets, kitchens).
Most of the production in Serbia is carried out by large companies (47.05%). Even though they account for 92% in numbers, small companies produce 28.5% of the total output value in furniture production.
Medium sized companies make up only 7% of the total number of furniture producers and produce 24.45% of the manufactured value of all furniture. These family owned companies are well known for producing stylish, well designed furniture and have been successfully exporting to the EU market for years.
They often team up with construction companies and provide furniture and furnishings for buildings throughout Serbia, Russia, Middle East and other markets.
Furniture is generally produced from particle boards. Only 30% of all furniture is produced from solid wood, and great potential for investment lies in this relatively unexplored sector.
Good quality raw materials and modern design, teamed with low operational costs, provide a solid base for
investment in this sector. Demand for high quality solid wood furniture is ever present locally as well as on
foreign markets.

For more information, contact us at: info@serbianfurniture.org