Chinese Markets for Dining Room Furniture (December 27, 2007)

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Description  

China¡¯s demand for dining room furniture has grown at a fast pace in the past decade. In the next five years, both production and demand will continue to grow.

This report examines China¡¯s macroeconomic trends, investment environment, dining room & kitchen furniture industry structure and capacity, production and demand, market consumption trends, distribution channels and principal industry participants. Long-term forecasts for dining room & kitchen furniture production and demand are included. The report contains 60 tables and charts. Key producers are profiled. Top Chinese dining room & kitchen furniture producers are listed in the producer directory section.

Historical data (1991, 1996 and 2001) and long-term forecasts through 2006 and 2011 are presented.

Summary

With the reform and open-up, China¡¯s high economic growth has spurred the rapid rising on consumption of dining room & kitchen furniture.

The country¡¯s dining room & kitchen furniture consumption has grown rapidly. It is forecast that the Chinese dining room & kitchen furniture used by consumers will lead the industry in growth. The total market demand for dining room & kitchen furniture is projected to reach 21.93 billion RMB by the 2006, increasing 9.6% per annum. In 2001, China¡¯s total output of dining room & kitchen furniture reached 18.67 billion RMB. Despite new improvements in construction and export expansion, China¡¯s dining room & kitchen furniture supply will continue to exceed demand. In 2001, China exported 4.96 billion RMB of dining room & kitchen furniture. Therefore, the country will remain a large exporter of dining room & kitchen furniture with China joining the WTO.

Methodology

Most primary and secondary research was done in China in order to access up-to-date government regulations, market information and industry data. Data was collected from the Chinese government publications, Chinese language newspapers and magazines, Chinese furniture associations including Chinese dining room & kitchen furniture associations, local governments¡¯ light industry bureaus, furniture industry publications, and our in-house databases. Interviews were conducted with Chinese industry experts, university professors, and dining room & kitchen furniture producers in China.

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