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Retail trade revenue of furniture in China from September 2018 to September 2019
(in billion yuan)
Retail sales of furniture in China by month September 2019
The graph shows the retail trade revenue of furniture in China from September 2018 to September 2019. In September 2019, retail sales of furniture in China had amounted to about 17.8 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.
Retail trade revenue of furniture in China from September 2018 to September 2019
(in billion yuan)
Revenue in billion yuan
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Source

Release date

November 2019

Region

China

Survey time period

September 2018 to September 2019

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 0.14 U.S. dollars and 0.13 euros (as of November 2019).

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.

Retail sales of furniture in China by month September 2019
The graph shows the retail trade revenue of furniture in China from September 2018 to September 2019. In September 2019, retail sales of furniture in China had amounted to about 17.8 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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