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Retail sales of furniture in China by month May 2019

Retail trade revenue of furniture in China from May 2018 to May 2019 (in billion yuan)

by Agne Blazyte, last edited Jun 17, 2019
Retail sales of furniture in China by month May 2019 The graph shows the retail trade revenue of furniture in China from May 2018 to May 2019. In May 2019, retail sales of furniture in China had amounted to about 15.2 billion yuan.
Furniture market in China – additional information

After decades of development in the furniture industry, China has become the world’s largest furniture producer as well as exporter. Being among the major export goods of China, a significant part of China’s furniture products are destined for the global market. In 2017, the total value of Chinese furniture exports had amounted to nearly 50 billion U.S. dollars.

Simultaneously, development of the domestic furniture market is bolstered by an increase in purchasing power among Chinese customers. Continuously rising incomes in both urban and rural China have raised the living standards for a large share of the Chinese population. Hence, Chinese consumers are willing to pay more on household decorations. As a response, the furniture market in China has developed into a multi-billion dollar industry. In 2015, China’s furniture manufacturing industry had generated about 788 billion yuan in sales revenue.

Wooden furniture accounts for a major proportion of the furniture manufacturing industry in China. Traditionally, Chinese customers tend to choose solid wood in terms of furniture materials. Operating revenue of wood furniture manufacture in China has been projected to reach about 72 billion U.S. dollars by 2020. Also, bamboo and rattan furniture gained increasing popularity in recent years. By 2020, operating revenue of bamboo and rattan furniture manufacture in China is estimated to reach almost 1.9 billion U.S. dollars.
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Retail trade revenue of furniture in China from May 2018 to May 2019 (in billion yuan)

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by Agne Blazyte, last edited Jun 17, 2019
The graph shows the retail trade revenue of furniture in China from May 2018 to May 2019. In May 2019, retail sales of furniture in China had amounted to about 15.2 billion yuan.
Furniture market in China – additional information

After decades of development in the furniture industry, China has become the world’s largest furniture producer as well as exporter. Being among the major export goods of China, a significant part of China’s furniture products are destined for the global market. In 2017, the total value of Chinese furniture exports had amounted to nearly 50 billion U.S. dollars.

Simultaneously, development of the domestic furniture market is bolstered by an increase in purchasing power among Chinese customers. Continuously rising incomes in both urban and rural China have raised the living standards for a large share of the Chinese population. Hence, Chinese consumers are willing to pay more on household decorations. As a response, the furniture market in China has developed into a multi-billion dollar industry. In 2015, China’s furniture manufacturing industry had generated about 788 billion yuan in sales revenue.

Wooden furniture accounts for a major proportion of the furniture manufacturing industry in China. Traditionally, Chinese customers tend to choose solid wood in terms of furniture materials. Operating revenue of wood furniture manufacture in China has been projected to reach about 72 billion U.S. dollars by 2020. Also, bamboo and rattan furniture gained increasing popularity in recent years. By 2020, operating revenue of bamboo and rattan furniture manufacture in China is estimated to reach almost 1.9 billion U.S. dollars.
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