Current situation and future trend of China's furniture market

2023-02-14

According to the 2012 China Furniture Industry Trends and Research and Analysis Report, the domestic export of the furniture industry has recovered in 2010, which can be described as a good result. The contribution of brand furniture is particularly prominent. From the perspective of total industrial output value, the total industrial output value of enterprises above designated size in the furniture industry increased by 28.81% over the same period of the previous year, of which the total industrial output value of wood furniture manufacturing industry accounted for 57.62% of the total industrial output value of the furniture industry. From the perspective of domestic sales, the cumulative domestic sales rate of furniture of enterprises above designated size was 70.91%, an increase of 2.54 percentage points over the same period of the previous year, among which the domestic sales rate of wooden furniture manufacturing products was higher, reaching 77.03%. From the perspective of benefit indicators, the accumulated profits and taxes of enterprises above designated size in the furniture industry increased by 47.63% over the same period of the previous year, and the profits increased by 60.14%, a record high. Among them, the profits of wood furniture manufacturing industry grew faster than other sub-industries, reaching 84.95%.

According to the 2012 China Furniture Industry Trend and Research and Analysis Report, in December 2010, the number of furniture and its parts exported by China was 217738766 (pieces or kg), an increase of 5575670 (pieces or kg) compared with the previous month, and the amount was 3468569000 US dollars, an increase of 2458120000 US dollars compared with the previous month, and the average unit price was 15.93 US dollars/piece or kg), an increase of 0.74 US dollars/piece (pieces or kg) compared with the previous month; Compared with the same period in 2009, the number of exports increased by 14023026 (pieces or kg), up 6.88% year on year, the amount of exports increased by 380359000 US dollars, up 12.32% year on year, and the average unit price increased by 0.77 US dollars/piece (pieces or kg), up 5.08% year on year. From January to December 2010, China exported 2355985551 pieces (pieces or kilograms) of furniture and its parts, with an amount of 32986.489 million US dollars, and an average unit price of 14.00 US dollars per piece (pieces or kilograms), with a year-on-year increase of 13.37% in quantity, 30.21% in amount and 14.86% in average unit price.

According to the Research and Analysis Report on China's Furniture Industry Trends and Research in 2012, the coexistence of high growth rate and low level of operation, the inherent weakness of capital, the dramatic changes in the international market, the awakening of domestic consumer brand awareness, the requirements of national policies on environmental protection and low carbon, and the integration of the survival of the fittest in the industry will make the furniture industry experience a large-scale brand reshuffle in the next 5-10 years, with some core competitiveness not prominent Furniture enterprises lacking brand advantages and disorderly management will be eliminated, and a large number of furniture brands will be withdrawn from people's sight.


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