Retail sales of furniture in China by month November 2019

The graph shows the retail trade revenue of furniture in China from November 2018 to November 2019. In November 2019, retail sales of furniture in China had amounted to about 19.3 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 November 2018 to November 2019

Revenue in billion yuan
--
--
--
--
--
--
--
--
--
--
--
--
Exclusive Premium statistic

You need a Premium Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Premium Account

only $59 / month *
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$708 / Year

Show detailed source information?
Register for free
Already a member?
Log in
Source

Release date

January 2020

Region

China

Survey time period

November 2018 to November 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 January 2020).

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.

Statista Accounts: Access All Statistics. Starting from $708 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account!

Premium Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references

$59 / Month *

Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract.
   Prices do not include sales tax.
Statista Accounts: Access All Statistics. Starting from $708 / Year
Learn more about how Statista can support your business.