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In: Economics

Chinese furniture industry does the national or international market analysis of trading of the Chinese furniture...

Chinese furniture industry does the national or international market analysis of trading of the Chinese furniture industry and
importing and exporting of the industry or the product.write less then 3000 words

Solutions

Expert Solution

China furniture industry analysis =

The furniture industry as a whole has maintained a relatively stable development trend, with the

world economic recovery and the rapid rise of emerging markets, the future development of the

world furniture industry prospects in the future.As the global furniture industry continue to shift to the developing countries, China's position in the

international furniture trade continues to improve. From 2000 to 2015, China's furniture

manufacturing industry revenue raised from 32.7 billion yuan to 787.3 billion yuan, with an average

annual growth rate of 24%. After China's accession to the WTO in 2000, with the further opening of

the market and the reduction of trade tariff barriers, China's furniture exports maintained double-

digit growth for many years, since 2009, exports remained stable at high levels. In 2014, China's

furniture manufacturing export delivery value reached 162.4 billion yuan. At present, China is the

world's largest furniture exporter and furniture consumer market. China's furniture industry exports

in 2015 amounted to 199.36 billion yuan, an increase of 1.69% year on year.China's furniture industry has developed rapidly, the number of furniture enterprises is huge, as of 2014, the

number is over 60,000, and the number of industrial enterprises above designated size is 5,288, but the

market still has not formed a dominant brand. In 2014, the national furniture industry output value has been

trillion, but still none of them has the output value of more than 10 billion. The whole furniture industry

concentration is still low, the pattern is loos . At the same time, the current development of China's furniture industry showed significant industrial cluster

effect. In 2014, China's regional furniture share (by income) top four were "Pearl River Delta", "Yangtze River

Delta", the Bohai Sea Delta Furniture Industrial Zone and the central furniture industrial zone. Among them,

"Pearl River Delta" and "Yangtze River Delta" has rich labor resources and technical resources, compared

with other regions, they have obvious advantages and have always been the important area of China's

furniture industry. In 2014, furniture production in both regions accounted for 72% of the country's total.At present, countries around the world has turned their furniture industry to China in succession. In the next 3-

5 years, there will appear a peak for foreign furniture enterprises to transfer to China. Mainland huge furniture

market potential attracts furniture manufacturers to break into the Chinese market. Many overseas furniture

enterprises in addition to sell furniture in mainland China, but also actively invest in factories to further save

cost and enhance market share. Hong Kong had almost all of the furniture factory moved to Guangdong,

Fujian and other places. Taiwan furniture manufacturers also favor the mainland's investment environment

and market prospects. It’s reported that at least 200 furniture manufacturing enterprises or furniture hardware

companies has established a production line in the Mainland. Represented by Germany, France, Spain, Italy

and the United States, western furniture giants continue to expand exports to China, at the same time they’re

still actively seeking partners in China.The rapid advance of urbanization further promote furniture consumption demand. The national urbanization

rate (the proportion of urban population) increased from 49.95% in 2010 to 57.35% in 2016, increased by an

annual rate of 1.23%. Compared with that of 80% of the developed industrial countries, our country's

urbanization rate is still has a significant room to improve. The State Council issued the "National New

Urbanization Plan (2014-2020)" also proposed that by 2020, the resident population urbanization rate will

reach 60%, to achieve about 100 million agricultural transfer population and other resident population settled

in the town. Calculated according to the average family population of 2.9 people, which may produce 34.5

million units

Famous Chinese furniture brand=

1. QuanU furniture

2, royal furniture

3.QM furniture

4.red apple furniture

(Hence, the chine is only focus on custom-made furniture)


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