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Retail trade revenue of furniture in China from December 2016 to December 2017 (in billion yuan)

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Retail sales of furniture in China by month December 2017 The graph shows the retail trade revenue of furniture in China from December 2016 to December 2017. In December 2017, retail sales of furniture in China had amounted to about 30.98 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 2013, the total value of Chinese furniture exports had amounted to nearly 52 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 2012, China’s furniture manufacturing industry had generated about 564.75 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 68 billion U.S. dollars by 2015. 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 about 1.7 billion U.S. dollars.
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Revenue in billion yuan
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Description Source More information
The graph shows the retail trade revenue of furniture in China from December 2016 to December 2017. In December 2017, retail sales of furniture in China had amounted to about 30.98 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 2013, the total value of Chinese furniture exports had amounted to nearly 52 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 2012, China’s furniture manufacturing industry had generated about 564.75 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 68 billion U.S. dollars by 2015. 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 about 1.7 billion U.S. dollars.
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Release date
January 2018
Region
China
Survey time period
December 2016 to December 2017
Supplementary notes
* According to the source, figures for January and February have been grouped together to curb the influence of the Chinese New Year on the statistic. Chinese New Year falls between January 21 and February 21.

Note: 1 yuan equals approximately 0.16 U.S. dollars and 0.13 euros (as of January 2018).

According to the source, retail sales refer to the trade revenue of tangible goods not intended for business use traded from wholesale and retail companies to individuals or non producing social organizations. Figures include total revenues of the food and beverage service industry.
During the survey, only wholesale companies with an annual revenue of 20 million yuan and above as well as retail companies with an annual revenue of five million yuan were questioned.

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