More expensive at Ikea due to rising costs of raw materials and transport | Financial

According to Ikea, it is necessary to pass on the higher prices it has to pay for raw materials and transport to the customer. Globally, this is an average price increase of 9 percent. By what percentage the prices in the Netherlands will rise, Ikea does not want to say.

“A percentage means little, because we have more than 10,000 products in our range in widely differing price ranges,” says a spokeswoman. Ikea, maker of the Billy bookcase and the Malm bed, among other things, looks per product and product family at what the competition is doing and what the prices are at Ikea in other countries. “We protect the price of our popular iconic products against the competition.”

Supply Chain

In September it was already announced that Ikea is suffering from global problems in the supply chain, which are caused, among other things, by the corona crisis. As a result, some products disappeared from the range at least for a period of time. At the time, the company expected that it would not be necessary to pass on the higher raw material prices to consumers.

Ikea said in October that it expects the supply chain problems and the associated shortages in inventories to continue at least until the middle of next year. The company’s biggest challenge is getting goods shipped from China. The company still did not want to pass on the extra costs for, among other things, transport to customers. Ikea is now forced to raise prices because it is “not immune to macroeconomic developments,” said the spokeswoman.

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