Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Finance
Wood Furniture Manufacturing in China

China wood furniture manufacturing market: $96.3 billion industry by 2018


Print article Print article
© companiesandmarkets.com

companiesandmarkets.com
companiesandmarkets.com
2014-02-24 17:07:04 - Wood Furniture Manufacturing in China - a new market research report on companiesandmarkets.com

China became the largest furniture exporter in the world in 2004, surpassing Italy. Wood furniture manufacturing made up the largest proportion of the Chinese furniture manufacturing sector in 2012, contributing about 59.0% of total furniture manufacturing revenue.

Wood furniture manufacturers are expected to generate revenue of $63.0 billion in 2013, up 11.2% from 2012, with annualized increases of 16.5% in the past five years. Industry profit is relatively low, averaging 5.8% of industry revenue. This is due to high raw material costs and weak pricing levels across the industry. However, as household disposable income levels in China continue to increase, so will domestic demand, and manufacturers will be able to charge higher prices for their products.

The industry´s exports are estimated at

 

 

$12.3 billion in 2013, up 13.4% from 2012. Exports are forecast to account for 19.5% of industry revenue in 2013, down from 28.2% in 2008. Competing import levels are low in this industry, accounting for an estimated 0.9% of domestic demand in 2013.

Industry growth is forecast to gradually slow down in the following years, with revenue increasing at an annualized growth rate of 8.8% in the five years to reach $96.3 billion in 2018. Stronger demand is forecast for furniture made of solid wood for bedrooms, dining rooms and living rooms. Office furniture made of wood is also expected to grow in popularity.

Click for report details: www.companiesandmarkets.com/Market/Consumer-Goods/Market-Researc ..

Browse all Consumer Goods Market Research Reports www.companiesandmarkets.com/Market/Consumer-Goods/Market-Researc ..

Browse all Consumer Goods Company Profile Reports www.companiesandmarkets.com/Market/Consumer-Goods/Company-Profil ..

Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..

About Us
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.com’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.


Author:
Mike King
e-mail
Web: www.companiesandmarkets.com
Phone: London: +44 (0) 203 086 8600

Disclaimer: If you have any questions regarding information in these press releases please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims contents contained in this release.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com