Explore China’s evolving wooden furniture market dynamics in the first 10 months of 2023. Italy emerged as a leading contributor, reflecting shifts in the industry. With over 80 global suppliers, key players shape the market, emphasizing strategic partnerships. While Sweden saw a surge, other top suppliers experienced varied declines, contributing to an overall market shift. Notably, China adapted to changes, marking a significant shift in wooden furniture imports from the USA during this period.
In the first 10 months of 2023, China saw a 15% year-on-year dip in wooden furniture imports, reaching US$637 million. Italy emerged as the leading contributor, providing wooden furniture imports valued at US$286 million during this period, indicating a 16% decline compared to the previous year. Italy’s share constituted 45% of the national imports, underscoring the evolving dynamics in the industry.
China engaged with over 80 global suppliers for wooden furniture, with the top 8 contributors making up 83% of the total value. This concentration emphasizes key players in China’s wooden furniture market, showcasing strategic import partnerships.
Despite a surge in wooden furniture imports from Sweden, other top suppliers experienced varying declines in the first 10 months of 2023. This diverse trend contributed to an overall decrease in the national total of wood furniture imports. Notably, China’s wooden furniture imports from the USA amounted to US$3.76 million during this period, marking a significant year-on-year decline of 40%. This shift in import patterns underscores the evolving landscape of China’s wooden furniture market.
Source: Fordaq.com
