Since 2000 the ‘World Furniture Outlook’ is the flagship CSIL publication on the status and prospects of the furniture sector. It covers production, consumption, imports and exports of furniture in a wide selection of countries. The number of countries covered increased gradually from 50 to 70. Starting with the July 2017 edition of CSIL ‘World Furniture Outlook’, coverage has been extended to 100 countries. The 100 countries constitute almost 90% of world population and more than 95% of world GDP. Aggregate furniture production for these countries (at production prices, excluding retail markup) exceeded US$ 460 billion in 2018. This means the inclusion of virtually all countries that are significant for the furniture industry.
After the expansion, CSIL coverage includes 40 countries in Europe, 18 countries in the Americas, 21 in Middle East and Africa and 21 in Asia and the Pacific.
Figure 1 Percentage breakdown of world furniture production by region
The main furniture producer is China, with 39% of world furniture production. Other major furniture manufacturing countries are the United States, Germany, Italy, India, Poland and Vietnam. From 2009 to 2018 production in Asia and Pacific more than doubled while changes in other regions were comparatively minor. As a consequence, in 2018 more than half of world furniture production took place in Asia and the Pacific.
The leading importers of furniture are the United States, Germany, France, the United Kingdom, and Canada.
The main furniture exporting country is China, followed at a distance by Germany, Poland, Italy and Vietnam.
Figure 3 World trade of furniture 2009-2020 Current US$ billion
CSIL report assumes that the international scenario will be as follows:
The international furniture trade of this group of 100 countries (which we shall hereafter refer to as the world), amounted to about US$ 150 billion in 2018. This corresponds to about 1% of world trade of manufactures. Forecasts are for continuing growth both in 2019 and 2020. The forecast is affected by substantial downside risks deriving from growing trade tensions and protectionist policies.
Consumption of furniture is forecasted to grow by 3.2% in real terms worldwide in 2019. The fastest growing region continues to be Asia and Pacific, with all other regions growing between 1% and 3% in real terms.
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