Furniture brands raise prices due to "excessive rise" in cost of materials and transport
Leading furniture and homeware brands including IKEA, Piet Hein Eek and Axor are raising prices by up to eight per cent due to global shipping issues and material shortages.
Brands are blaming "exponential" increases in the cost of raw materials, with some costs now "more than double" previous levels.
Dutch designer Piet Hein Eek's eponymous brand announced last week that it will introduce "inevitable" price increases of eight per cent from January.
"Due to the worldwide shortage and price increases of raw materials, in combination with the excessive rise in international transport costs, we are forced to raise our prices," said the brand.
This follows increases of approximately five per cent announced earlier this month by bathroom company Hansgrohe and its sister brand Axor, effective from January, while IKEA warned in November of an expected price increase in 2022. Global supply chain crisis
The issues are a symptom of the global supply chain crisis, which has primarily been blamed on labour shortages and the Covid-19 pandemic.
Furniture brands have been impacted by both shortages of delivery transportation and raw materials, which have been delaying production and driving up the costs.
Read: French architects face wood shortage with "prices going up every week"
"When the world economy began to emerge from the interruption caused by Covid, I don't recall many forecast...
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