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What is the situation of the industrial chain of China's furniture industry in 2022?
Latest company news about What is the situation of the industrial chain of China's furniture industry in 2022?

What is the situation of the industrial chain of China's furniture industry in 2022?

 

1. Industry Chain Situation

Furniture manufacturing industry refers to the manufacture of various furniture made of wood, metal, plastic and other materials, with functions such as sitting, storing and spacing, which can be used in homes, hotels, offices, schools and other places. The characteristics of furniture products determine the importance of the furniture industry in the economy and society, and with the continuous development of the economy, the furniture industry has also developed rapidly. The upstream industry of the furniture industry is mainly wood, plastic, metal, leather, sponge, fabric and other major raw materials; the midstream industry is the furniture manufacturing enterprises; the downstream industry is the furniture stores, e-commerce platforms, brand stores and other sales channels.

 

2. The upstream analysis

Wood is one of the main raw materials for the furniture industry, China's rich forest resources timber production among the world's top. 2018-2021 China's timber production shows a growing trend; by structural demand adjustment and economic growth slowdown, 2022 China's timber production decline situation, production decreased by 7.73% compared to 2021.

Plastic is also one of the main raw materials for furniture, because of its material colorful, lightweight and compact, easy to maintain, the advantages of low prices, plastic furniture is loved by the majority of consumers. 2018-2022 plastic products in China as a whole is a fluctuating upward trend, due to the impact of the epidemic, the production enterprises start affected, coupled with reduced demand from downstream industries, the rise in international oil prices and a series of factors The result is that plastic production is in a fluctuating trend.

Plastic is also one of the main raw materials for furniture, because of its material colorful, lightweight and compact, easy to maintain, the advantages of low prices, plastic furniture by the majority of consumers love. 2018-2022 plastic products in China as a whole is a fluctuating upward trend, due to the impact of the epidemic, the start of production enterprises were affected, coupled with reduced demand from downstream industries, the rise in international oil prices and a series of factors The plastic production is in a fluctuating trend.

 

3. The midstream analysis

Furniture is a large category of apparatus and facilities essential for human beings to maintain normal life, engage in production practices and social activities. Furniture has followed the footsteps of the times to develop and innovate, and nowadays there are a wide range of categories, different materials, varieties, and different uses. According to the different classification standards furniture products have different classifications, such as based on the production of raw materials classification, furniture products can be divided into solid wood furniture, upholstered furniture, metal furniture, plastic furniture and so on.

2022 China's furniture market share of the largest share of metal furniture, amounting to 43.37%; followed by wooden furniture, accounting for 33.93%

The rapid development of the real estate industry has promoted the prosperity of the furniture industry, and the production of furniture in China has been growing from 2018 to 2022, and the production of furniture in 2022 is 66.9% higher than that in 2018.

Furniture industry is a labor-intensive industry, due to the stability of industrial raw materials, low industry entry threshold, China's furniture industry is highly competitive and the number of enterprises, with the development of the economy, China has become the world's largest furniture producer. 2018-2022, the number of enterprises above the scale of China's furniture manufacturing industry is a high growth trend, 2022, the number of enterprises above the scale of China's furniture growth The trend is rapid, with a year-on-year growth of 9.4%.

Over the past 40 years of reform and opening up, China has become the world's second largest economy, the per capita disposable income has been increasing, and the purchasing power of residents has increased, providing good conditions for the development of the furniture industry. 2018-2021 China's furniture industry revenue fluctuates up, and in 2021 the furniture industry's revenue grew rapidly, up 112.92 billion yuan compared with the previous year, influenced by the epidemic and foreign trade. 2022 furniture industry revenue has declined, but with the economic rebound, the furniture industry operating income potential will return to growth trend.

Europe and the United States and other developed countries with high levels of economic development, high urbanization rate. Residents have strong consumption power, high quality requirements for furniture and high demand. In addition, some developing countries to speed up the urbanization process, the demand for housing growth, driven by the demand for furniture industry. China as the world's largest exporter of furniture industry, the export amount of furniture and its parts in 2018-2022 as a whole shows a fluctuating rise, and in the future, with the epidemic's impact easing and the foreign trade environment improving, the export amount of furniture and its parts will pick up again.

 

4. Analysis of downstream industries

Finished furniture can be sold through furniture stores, e-commerce platforms and brand stores, since 2016 to 2020, China's furniture market sales in the field of e-commerce grew from 9.737 billion yuan to 201.731 billion yuan, with the development of information technology and the improvement of consumer attitudes, it is believed that the e-commerce channel will become a new growth point for the furniture industry by virtue of its lower cost and impact advantages. In addition, the real estate industry is the largest demand for furniture, and the real estate industry as the pillar industry of the industrial system, its rise and fall greatly affects the demand for furniture industry. With the rapid development of China's economy and the increasing rate of urbanization, the rapid development of the real estate industry, correspondingly stimulating the demand for furniture industry. 2016-2021 China's commodity housing sales grew at a high rate, the impact of the epidemic and the impact of the economic slowdown, 2022 China's commodity housing sales have declined, but in the future, with the economic rebound, commodity housing sales will gradually rebound, will continue to drive High-speed development of the furniture industry.

Ekintop furniture focus on total furniture solutions for 15 years,covers an area of 30000 square meters,one stop furnitire purchasing service,Provide office furniture solutions manufacturer,We have wooden furniture, upholstered furniture and plastic furniture. Ekintop is still strong and steady in the environment of epidemic impact and economic slowdown, thanks to the trust and support of our customers and clients, and we at Ekintop keep developing products with the times to provide our customers with high quality and low price products.

 

 

 

Pub Time : 2023-08-08 17:53:08 >> News list
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