Question

Chinese furniture industry do the international market analysis of trading

Answer 1

China furniture industry is developing rapidly and is the leading furniture exporter and china's position is continously improving in the international furniture trade. This industries revenue has raised from 32.7 billion yuan to 787.3billion yuan from the year 2000to 2015 with a 24% annual growth rate.

Chinese furniture industry accounts for 40% nearly in production to the worlds furniture production. In 2014 the exporting value of china furniture industry has reached around 162.4billion yuan.

Before china italy was the highest exporter of furniture but in 2004 china became the highest furniture exporting country. US , hongkong, vietnam, japan ,italy,german are those countries furnitures are exported by china. In 2019 china provide online sales of furniture around the world with an estimated sale of USD 68.7billion. The online sales helps to reach the sale from 54%to 58%in just one year.

the amount of imported furniture grew with 15.65% to 30.53 billion USD in 2017.many retailers of america have intrest in the furniture of china. The IKEA outlet is an example in which furniture from china are exported and sell them in these shops. Contries like france, germany, western furniture giants are continueing to expand the exportation to china.