Analysis of the current situation of China’s furniture industry in 2021
Furniture is to point to the appliance facility that human maintains normal, be engaged in production practice and develop social activity indispensable big category. Furniture also follows the pace of The Times and continues to develop and innovate. Up to now, there are many kinds of furniture, different materials, complete varieties, different uses, which is an important basis for building working and living space. In 2021, China’s furniture industry produced 1.12 billion pieces, up 23.1% year on year.
Output and growth rate of China’s furniture industry from 2016 to 2021
Source: China Furniture Association
Among them, China’s output of upholstered furniture in 2021 was 856.6644 million pieces, with a year-on-year growth of 25.25%. From January to November 2021, China’s wood furniture output was 341.439 million pieces, up 6.18% year on year. From January to November 2021, China produced 457.073 million pieces of metal furniture, up 13.03% year on year.
Output of all kinds of furniture in China from 2016 to 2021
Note: Data of wood furniture and metal furniture in 2021 from January to November source: China Furniture Association
Second, furniture industry enterprises operating status
Furniture is made of all kinds of materials through a series of technical processing, material is the material basis of furniture. So furniture design besides use function, beautiful besides the basic requirement of reachs craft, also having close connection with material.
In 2021, the number of enterprises above designated size in China’s furniture industry will be 6,647, with a year-on-year growth of 1.6%.
Number and Growth rate of enterprises above designated size in China’s furniture industry from 2017 to 2021
Source: China Furniture Association
Among them, the revenue of China’s furniture industry in 2021 is 800.46 billion yuan, with a year-on-year growth of 16.42%. The total profit of furniture industry was 43.37 billion yuan, up 3.83% year on year
Total revenue and profit of China’s furniture industry from 2016 to 2021
Source: China Furniture Association
From 2017 to 2020, the accumulated retail sales of enterprises above the furniture category quota in China decreased year by year. In 2021, the accumulated retail sales of enterprises above the furniture category quota increased for the first year in recent years.
From 2017 to 2021, the total retail sales and growth rate of enterprises above designated size in Furniture category in China were achieved China is one of the major furniture manufacturers. In 2021, the export value of Chinese furniture and its parts was 477.19 billion yuan, with a year-on-year growth of 18.2%. Value and Growth rate of China’s furniture and parts export from 2017 to 2021 For more information about the wood industry, return to Sohu and view more
Post time: Jun-25-2022