The world furniture market has great potential for international trade growth.

The Milan Light Industry Information Center believes that the basic situation of the development of the world furniture industry in the next 10 years is: the import of major markets has increased, the importing countries are the United States, Germany, France and the United Kingdom, and China’s export growth is very rapid. From 2002 to 2007, the international trade in furniture doubled. In 2008, it reached a peak of $118 billion. In 2009, it fell by 20% due to the impact of the financial crisis. In 2010, there was a recovery growth of about $100 billion.

The world macroeconomic situation in 2011 and 2012 is beneficial to the development of the world economy, with a global economic growth rate of 4.5%. But the main concern is that the unemployment rate in developed countries is high and the growth rate is much lower than that of developing countries. At the same time, due to rising oil prices, potential sovereign debt defaults, and unbalanced exchange rate policies, there will be uncertainty about global economic growth. There are similar problems in the world furniture industry. On the whole, the situation is favorable, but there are major differences between regions and countries, especially the international furniture trade will continue to grow. In 2012, it will reach the pre-crisis level, namely 1180. One hundred million U.S. dollars.

Based on the reports from countries and relevant agencies, the following conclusions can be drawn:

There is reason to be cautiously optimistic about the development of the international furniture industry and the international furniture trade from 2011 to 2012. There are significant differences in various regions of the world, and the demand for furniture in Western Europe and North America is growing slowly. And Eastern Europe, South America, the Middle East, and Asia, including Japan, will have faster growth.

During the meeting, the Pazhou Bureau of Wood-based Panels announced that in 2010, the production of particleboard in Europe was 42 million cubic meters, that of MDF was 15 million cubic meters, and that of oriented particleboard was 5 million cubic meters. The wood-based panel industry in Europe is facing an increase in costs, with timber prices up 8%, adhesives up 15%, energy up 10%, and transportation costs up 5%. It is expected that with the crisis in the Arab countries and North Africa and the earthquake and tsunami in Japan, the cost increase will be further pushed forward. The production of wood-based panels in 2011 will further shrink.

According to another study by the Milan Light Industry Information Center on the luxury furniture market, the global consumer price of luxury furniture and furnishings is about $157 billion (ex-factory price is about $70 billion). The luxury furniture market can be roughly divided into two categories, of which 55%-60% are furniture, and another 40%-45% of other luxury items ( furnishings/interior design); another related classification is that household purchases account for 65 %-70%, non-residents account for 30%-35% (hotel furniture, leisure furniture, restaurant furniture, hotel (hotel decoration renderings) furniture, western restaurant (restaurant decoration renderings) tables and chairs, offices, retail stores).

The class with more than $1 million in property is the main buyer of luxury furniture. There are currently about 24 million adults in the world with more than $1 million in assets, including 10.8 million in North America and 8 million in Europe. They provide a market of approximately $53 billion for luxury (luxury decoration renderings) furniture and furnishings, equivalent to 15% of the total domestic consumption of domestic and custom furniture. At least 1/4 million millionaires (that is, 6 million consumers) buy at least $9 million in luxury furniture and furnishings each year.

Source: China Furniture Network