Spanish manufacturers in the home improvement sector are increasing product prices. That is what their association AFEB found out when asking its members for a survey. However, 74 per cent are still suffering from stock-outs due to the supply crisis and freight problems.
At the same time, a majority of 70 per cent of the manufacturers say that they increased their sales in January compared with January 2020. Two thirds of them expect to raise their sales by 10 to 30 per cent during fiscal year 2022.
Price increases are currently an issue almost everywhere in the industry. For example, the German association of manufacturers from the garden sector, IVG, recently announced that prices for fertilisers or garden tools could be increased due to skyrocketing raw material prices.