The continuous growth in China’s economy over the past 30 years has fueled the furniture boom.
This economic growth has also increased electricity access in China and led to a better living standard. The demand for furniture has risen more than ever before.
According to data from the China Nationwide Furnishings Affiliation (CNFA), there was a 25.28% increase in home furniture production between 2010 and 2011. This is equivalent to the US $83.sixteen trillion.
Apart from the rising demand for furniture in China, an apparent increase in exports is also recognized. The income from the export of furniture was $59.37 billion in 2011. This has also led to a decrease in imports of furniture equivalent to the US $27.
From the Factory to the Consuming Market
Although the Chinese household furniture industry has experienced some declines in 2010 and 2013, it is still the most significant furniture producer worldwide. This article will discuss the Chinese furniture sector, including why Chinese furniture is so great, how it is helping the country’s finances, and where to find the best home furnishings in China.
What happened to China’s largest exporter of Furnishings?
Italy was the top exporter of home furniture, ahead of China. On the other hand, China became the country with the most significant number of home furniture exports in the twelve months 2004. Since then, there has been no looking for this nation. It can still be the best place to buy home furnishings. Although many of your leading furniture designers use Chinese home furnishings, they avoid talking about it. China’s population is often involved in making this country the biggest exporter of many products.
China produces much better high-quality furnishings than other countries.
China has a history of making substandard furniture, but it can still produce high-quality household furniture. A study revealed that more than 50,000 companies make home furniture in China. Surprisingly, the majority of these companies are small to medium-sized businesses without a brand. Some companies have emerged in the furniture-making sector recently and can now claim their own brand identities. These companies have raised the level of competition within the industry.
The Hong Kong Trade Development Council (HKTDC), in a survey, found that small to medium-sized household furniture businesses in China will be able to make a lot of money. If a significant portion of the Chinese population plans to get rid of its old furniture and adopt a new aesthetic.
China’s ability to produce better-quality furniture is reflected in its revenue growth. According to a study, 60% of China’s total revenue came from the furniture industry, both domestically and internationally.
Steel furnishings are becoming more popular in the West than wood furniture. However, China is expected to outperform the West on this topic due to its exceptional furnishings-producing capabilities and high-quality products.
Parts exactly where the local furnishings field is focused on China
China is often a large country, and its furniture fields are located in many places. The best furniture production is found in the Pearl River Delta. Because of the abundance of natural resources, it has a vibrant home furnishings market. Shanghai, Shandong, and Fujian are also well-known for their exceptional capabilities in creating high-quality furniture.
- Shanghai is the most populous city in China. It’s also the largest home furnishings market within the Yangtze River Delta.
- China’s central and western regions lack the infrastructure needed to support a flourishing home furnishings industry. The market is still in its infancy and will take time to grow.
- Beijing, China’s cash capital, is home to a wealth of resources that can be used to make furniture at home. There are all the tools and amenities needed for home furniture production. This is why more and more furnishings brands are keen to have their corporate offices opened in Beijing.
source ecommercechina, picture, news