China Other Furniture Market Analysis

An Expert's View about Furniture in China

Last updated: 22 Sep 2011

China Other Furniture Market Analysis

China other furniture market size exceeded RMB 30 billion in 2009, a growth of more than 25% on a year-on-year basis, according to Zeefer Consulting's latest research report - China Soft Furniture & Glass Furniture Market Report.

In terms of market position of foreign enterprises in China, in 2009, there were more than 200 foreign enterprises above designated size engaged in the other furniture industry, accounting for more than 30% of all other furniture enterprises above designated size across China. All foreign other furniture enterprises achieved a profit of more than RMB 1 billion in all, accounting for more than 50% of the total profit in this industry.

In terms of industry profit, in 2009, enterprises above designated size in other furniture industry across China achieved a profit of more than RMB 2 billion in all, a growth of more than 45% on a year-on-year basis. On average, enterprises achieved a profit margin of more than 4%. The industry average of the rate of return on assets was higher than 6%, and the rate of return on net assets was higher than 15%.

In terms of other furniture import and export, in 2010, the value of imported other 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 673.7 million, accounting for more than 60% of the gross imports. Guangdong, Shanghai and Jilin ranked top 3 domestic destinations in imports, and the value of imports in these three regions added up to USD 599.4 million, accounting for more than 55% of the gross imports across China. In 2010, the gross export of other furniture products exceeded USD 6 billion, Guangdong, Zhejiang and Jiangsu ranked top 3 as domestic origins, exports from these origins added up to USD 4.2 billion, accounting for more than 65% of the gross export across China.

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

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

 


Posted: 21 September 2011, last updated 22 September 2011

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