Question

Chinese furniture industry do the export and import provide the data .write less than 2500 word

Answer 1

Answer:-

WHEN DID CHINA BECOME THE LARGEST EXPORTER OF FURNITURE

Before China, Italy was the largest exporter of furniture. However, in the year 2004, China became the country with the highest number of furniture exports. From that day on there has been no looking for this country and it is still providing the world with the most amount of furniture. Many of the leading furniture designers have their furniture produced in China, although usually, they avoid talking about it. The population of China is also playing a vital role in making this country the biggest exporter of many products, including furniture.

HE EXCLUSIVITY OF THE CHINESE FURNITURE MARKET

The furniture in Chinese markets is unique. You can even find furniture items which don’t use any nails or glue. The traditional Chinese furniture makers believe that nails and glue reduce the life of furniture because nails rust and glue can get loose. They design furniture in such a way that allows all parts to connect with each other to eliminate the use of screws, glue and nails. This type of furniture can survive for centuries if they are made of high-quality wood. You must try this types to truly test the exceptional engineering mentality of Chinese furniture makers. You will be amazed to see how they connect different parts without leaving any sign of connection. It seems that only one piece of wood is used to build the entire piece.

Source: statista

AREAS WHERE THE LOCAL FURNITURE INDUSTRY IS CONCENTRATED AT IN CHINA

China is a big country and has its local furniture industry based in different locations. The Pearl River Delta boasts the highest production of furniture. It has a thriving furniture market because there is a great availability of natural resources. Other areas which are known for their wonderful skills in producing high-quality furniture are Shanghai, Shandong, Fujian, Jiangsusuperheroand Zhejiang. Since Shanghai is the largest metropolitan city in China, it has a huge furniture market, probably the largest in the Yangtze river delta. The central and western regions of China lack the proper infrastructure in terms of resources and facilities to have a thriving furniture industry. This industry is still in its early days over there and will take time to develop.

The capital city of China, Beijing, has an amazing flow of resources available for the production of furniture. All the tools and facilities required for furniture production are also present there, thus more and more furniture manufacturers are interested in having their corporate offices opened in Beijing.

WHY CHINA PRODUCES MUCH BETTER QUALITY FURNITURE WHEN COMPARED TO OTHER COUNTRIES

Although China may have a reputation for producing substandard products, it does produce excellent quality furniture. According to a survey, more than 50,000 companies manufacture furniture in China. Surprisingly, most of them are small to medium-sized enterprises with no brand name attached to them. In recent years, some companies have definitely emerged in the furniture producing sector having their own brand identities. These companies have increased the level of competition in the industry.

A survey conducted by the Hong Kong Trade Developmental Council (HKTDC) revealed that the small to medium furniture enterprises in China can make a lot of money if even a small percentage of the total Chinese population decide to get rid of its old-fashioned furniture and buy into a more modern aesthetic.

REVENUE IN CHINA ON THE RISE

The increase in revenue is the most important indicator that China produces better quality furniture as compared to its competitors. According to a study, in the year 2010 alone, 60% of the total revenue of China came from its furniture industry by selling locally as well as in the international market.

While metal furniture is now becoming more popular in the West as compared to the wood furniture, China is expected to surpass the west in this field because of its amazing furniture producing skills and no compromise on quality.

THE RISE OF URBANIZATION IN CHINA AND ITS IMPACT ON THE FURNITURE MARKET

China has been experiencing a boom in its economy and there seems to be no stopping it anytime soon. The younger generation is now moving towards urban areas because of job opportunities, better education, and a comparatively better lifestyle. Since the new generation is more trend-savvy and independent, many of them are living independently. the ever-increasing trend of building new houses has also taken the furniture industry to yet another level.

Due to urbanization, different brands have also surfaced in the Chinese furniture industry. Their most loyal customers are younger people, who tend to be better at adopting the new trends, and have significant purchasing power as well. This urbanization is also affecting the furniture marketing in a negative way. It is leading reduction of forest and the high-quality wood is becoming more scarce and expensive. Moreover, there are lots of organizations which are working to preserve the environment to limit deforestation. The government is taking the initiative to increase the number of trees in the country to ensure that the furniture market in China keeps thriving while keeping the environment safe. This process is slow therefore furniture makers in China import wood from other countries and some organizations export finished wooden products and furniture to China.

China for IKEA is a very good and mature market, and the brand increases their market share every year.