BFM members report large-scale surge in raw material costs

The British furniture industry is facing unprecedented increases in the cost of key raw materials.

According to the British Furniture Manufacturers (BFM), sharp rises are being felt across its membership.

Polyurethane foam, which was the subject of product shortages in late 2020, is now only available at a record price. 

Cost of most components and materials used in furniture making including springs, mechanisms, fabrics and board materials – as well as materials such as feathers and fibres and packaging goods – are also intensifying.

Furniture manufacturers are further impacted by the national shipping crisis, as a backlog at some UK ports, coupled with a shortage globally on containers, is leading to container prices now standing four to five times higher than 12 months ago.

A full report and analysis of the current situation is due in the monthly BFM Price Report, which is being issued for members in the next few days.

Nick Garratt, MD of the BFM, said: “The furniture industry is facing unprecedented price increases in the key materials used in the manufacture of goods.

“The trend started in Q4 last year, predominantly with foam, but in recent weeks the situation has escalated.

“We have written to those in the supply chain to build a clear picture of the issue.

“Our objective is to understand and assure our members when we can get back to normality and previous prices.”

BFM member Mike Aramayo, of Buoyant, said: “We are being inundated with large price increases from all of our major suppliers.

“It looks like we will have no choice but to pass some of that cost on.”