Analysis on Furniture Market in China

An Expert's View about Forestry, Logging and Wood Products in China

Last updated: 22 Sep 2011

Analysis on Furniture Market in China

According to Zeefer Consulting's latest market research report - China Furniture Market Report and calculated according to Zeefer China Market Size formula, China furniture market size in 2009 exceeded RMB 200 billion, a growth of more than 20% on a year-on-year basis.

In terms of market position of foreign enterprises in China, in 2009, there were more than 1,000 foreign enterprises above designated size engaged in the furniture industry, accounting for more than 20% of all furniture enterprises above designated size across China. These enterprises achieved a sales revenue of more than RMB 95 billion in all, accounting for more than 30% of the total sales revenue from all furniture enterprises above designated size across China. Foreign furniture enterprises achieved a profit margin of more than 3%, almost same with the industry average, and they achieved a ratio of return on assets of more than 4%, lower than the industry average.

In terms of industry profit, in 2009, enterprises above designated size in furniture industry across China achieved a profit of more than RMB 10 billion in all, a growth of more than 25% on a year-on-year basis. On average, enterprises achieved a profit margin of more than 4%. In 2009, more than 950 enterprises in this industry suffered a loss.

In terms of furniture import and export, in 2010, the value of imported furniture products in China was more than USD 1 billion,  and Japan, Germany and South Korea ranked top 3 as Origin of Imported Goods, imports from these top three origins added up to USD 821 million, accounting for more than 50% of the gross imports. In 2010, the gross export of furniture products exceeded USD 30 billion,  and USA, Japan and United Kingdom ranked top 3 as export destinations. Exports to these destinations added up to USD 15.3 billion, accounting for more than 40% of the gross export. Guangdong, Zhejiang and Fujian ranked top 3 as domestic origins, exports from these origins added up to USD 22.1 billion, accounting for more than 60% of the gross export across China.

Full content of China Furniture Market Analysis:
http://www.allchinareports.com/china-furniture-wood-industry/furniture-industry-analysis/analysis-on-furniture-market-in-china.html

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The analyses above are extracted from the research report: China Furniture Market Report

 


Posted: 21 September 2011, last updated 22 September 2011

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