Furniture Industry Research

A Lastest News about Sourcing in China

Last updated: 8 Aug 2011

China Furniture Industry Research and Statistics

Guangdong province has most leading furniture enterprises, and among all top 100 large furniture enterprises across China, 34 are located in Guangdong. According to China Furniture Industry Profile - the industry research report issued by Zeefer Consulting, Guangdong, Zhejiang, Shanghai and Shandong are the major production bases for furniture industry in China. Liaoning, Jiangsu, Fujian, Beijing, Henan and Hebei are the secondary distribution areas for this industry.

In terms of market size, in 2009, furniture enterprises above designated size achieved a sales revenue of more than USD 40 billion. Guangdong, Shandong and Zhejiang ranked top 3 in terms of sales revenue, enterprises in these regions engaged in furniture production achieved a sales revenue of more than USD 20 billion. in all, taking a share of more than 50% of the gross sales revenue from above designated size furniture enterprises across China. The total number of enterprises above designated size in furniture industry was more than 5,000, a rise of more than 20% on a year-on-year basis. On an annual average, total employees in furniture industry exceeded 945,000, a decline of more than 3% on a year-on-year basis.

In terms of industry-wide profit, in 2009, profits of enterprises above designated size in furniture industry added up to more than USD 1 billion, a growth of more than 25% on a year-on-year basis. A total of more than 950 enterprises suffered a loss, the percentage of loss-incurring enterprises was higher than 15%. On average, the ratio of return on assets in furniture industry was higher than 6%.

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 furniture production in China, accounting for more than 20% of all furniture enterprises across China. Foreign enterprises in China furniture industry achieved a ratio of return on assets of more than 4%, lower than the industry average.


Full content of China Furniture Industry Analysis:
The analyses above are extracted from the industry report: China Furniture Industry Profile

Posted: 17 June 2011, last updated 8 August 2011

See more from Sourcing in China

Expert Views    
How to Speed Up Your China Business   By Sara Cheng, Consultant
China General Hardware Industry   By Global Sources
Hot Tips    
Due diligence on Chinese Companies   By Sara Cheng, Consultant
How To Get Your Money Back From Clever China Cheaters...   By China Fraud Patrol
Latest News    
Makers unperturbed by weaker euro   By Global Sources