China maintains position as world’s largest furniture producer
During the past few years, CW China has been working to position Canadian lumber for China’s manufacturing sector. According to a recent report, China accounts for 41% of the world’s furniture production.
According to a study by The Center For Industrial Studies Milano (CSIL) issued “International Furniture Market Research Report from 2017 to 2018”. China is the most important country for furniture manufacturing, accounting for 41% of global production.
In general, when it comes to furniture production, Asia-Pacific leads the pack and in 2016, more than half of the world’s furniture was produced in the region. Between the years 2007 to 2016, the volume of furniture production has increased more than 100%. For example, Vietnam surpassed the US as the fifth largest furniture export country in the world.
CSIL studied 70 countries which contribute the most to furniture industry, their overall gross value of production in 2015 worth around USD 406 billion. CSIL predicts that the volume of consumption will increase 2.7% on average by the end of year 2017. According to the report, the annual furniture consumption varies in 2017 is expected to vary by region: -0.9% in Southern America; +1% in European Union countries and Norway, Switzerland and Iceland; +1.3% in Central and East Europe countries except EU and Russia; +2.1% in Mid-east and Africa; +2.9% in North America and +3.7% in Asia-Pacific.
This report also indicated the major furniture import countries are US, Germany, UK, France and Canada and biggest furniture export countries are China, Germany, Italy, Poland and Vietnam.
Center For Industrial Studies Milano (December, 2016). International Furniture Market Research Report from 2017 to 2018.