China Wooden Furniture Industry

An Expert's View about Furniture in China

Last updated: 4 Sep 2011

Industry Research: Analysis on China Wooden Furniture Industry

Guangdong province has most leading wooden furniture enterprises, and among all top 100 large wooden furniture enterprises across China, 33 are located in Guangdong. According to China Wooden Furniture Industry Profile - the industry research report issued by Zeefer Consulting, Guangdong, Shandong and Liaoning are the major production bases for wooden furniture industry in China. Jiangsu, Zhejiang, Shanghai, Fujian, Henan, Beijing and Hebei are the secondary distribution areas for this industry.

In terms of market size, in 2009, wooden furniture enterprises above designated size achieved a sales revenue of more than USD 20 billion. Guangdong, Shandong and Liaoning ranked top 3 in terms of sales revenue, enterprises in these regions engaged in wooden furniture production achieved a sales revenue of more than USD 10 billion. in all, taking a share of more than 50% of the gross sales revenue from above designated size wooden furniture enterprises across China. Total assets of enterprises inside wooden furniture industry exceeded USD 15 billion, a rise of more than 10% on a year-on-year basis. The total export delivery value exceeded USD 6 billion, a decline of about 5% on a year-on-year basis.

In terms of industry-wide profit, in 2009, profits of enterprises above designated size in wooden furniture industry added up to more than USD 1 billion, a growth of more than 20% on a year-on-year basis. The averaged profit margin of enterprises in wooden furniture industry was higher than 4%. A total of more than 550 enterprises suffered a loss, the percentage of loss-incurring enterprises was higher than 15%.

In terms of market position of foreign enterprises in China, in 2009, there were more than 800 foreign enterprises above designated size engaged in wooden furniture production in China, accounting for more than 20% of all wooden furniture enterprises across China. Foreign enterprises in China wooden furniture industry achieved a ratio of return on sales of more than 2%, lower than the industry average.

Full content of China Wooden Furniture Industry Analysis:

The analyses above are extracted from the industry report: China Wooden Furniture Industry Profile

Posted: 01 September 2011, last updated 4 September 2011

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