The 16th edition of "World Furniture Outlook" Seminar organized by CSIL Centre for Industriai Studies, April 2018

May 06, 2018
Source:
Christian Morasso
Views:
671
  • text size

World fumiture production is worth about US$ 440 billion (data are in current US$). About one third of the value is exported, while two thirds are consumed in the countries where production takes piace.

This estimate is based on CSIL procesisng of data from officiai source,sboth national and intemationl,athat cover the 100 most important countries worldwide.

 

 

 World production of furniture broken down by geographical regions is presentedin Figure 2.

Over half of world fumiture production takes piace in Asia and Pacific. Europe, followed by North America are the two other main manufacturing regions on a world scale.

Some of the main producers are also important exporters, namel:yChina, ltaly and Germany. Also in Poland and Vietnam exports are the main driver tor production growth.

 

Among the ten major consuming counrties, tour are from Asia and Pacific (China, India, Japan and South Korea), tour from Europe (Germany, the United Kingdom, France and ltaly) and two from North America (United States and Canada.)

The world economy and world furniture trade in 2018 and 2019

The World Fumiture Outlook assumes that the intemational scenario in 2018 and 2019 will be as follows:

 

CSIL fumiture consumption growth forecast for the year 2019 is about 3% in real terms. The fastest growing region continues to be Asia and Pacific, with all other regions growing between 1% and 3% in real terms.

 

lf the world scenario shown in Table 1 materializes, world trade of fumiture would be likely to grow to US$ 150 billion in 2018 {in current US$), growing by 20% from the value of 2012.

The contract furniture and furnishing market in Europe

The European production of contract fumiture and fumishings is worth about EUR 1O billion, increasing both in 2016 and 2017. The largest producers of contract fumiture are the UK, ltaly and Germany.

The largest segments of the contract market are retail - including both mass-market retail and the luxury shops segment - followed by hospitality and office.