China: Metal Domestic Furniture Market 2024

Metal Domestic Furniture Market Size in China

The Chinese metal domestic furniture market soared to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption continues to indicate a perceptible increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Metal Domestic Furniture Production in China

In value terms, metal domestic furniture production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X%. Metal domestic furniture production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Metal Domestic Furniture Exports

Exports from China

In 2022, overseas shipments of metal furniture decreased by X% to X tons for the first time since 2014, thus ending a seven-year rising trend. Over the period under review, total exports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then plummeted in the following year.

In value terms, metal domestic furniture exports shrank rapidly to $X in 2022. In general, total exports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then reduced sharply in the following year.

Exports by Country

The United States (X tons) was the main destination for metal domestic furniture exports from China, accounting for a X% share of total exports. Moreover, metal domestic furniture exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), sevenfold. The UK (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the UK (X% per year).

In value terms, the United States ($X) remains the key foreign market for metal furniture exports from China, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the UK (X% per year).

Export Prices by Country

The average metal domestic furniture export price stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Domestic Furniture Imports

Imports into China

In 2022, overseas purchases of metal furniture decreased by X% to X tons, falling for the fourth consecutive year after two years of growth. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, metal domestic furniture imports declined to $X in 2022. Over the period under review, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped in the following year.

Imports by Country

Italy (X tons), Taiwan (Chinese) (X tons) and Germany (X tons) were the main suppliers of metal domestic furniture imports to China, together accounting for X% of total imports. Vietnam, Egypt, Japan, France, India, South Korea, Thailand, Switzerland, Poland and the United States lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of metal furniture to China, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and France (X% per year).

Import Prices by Country

The average metal domestic furniture import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the import price showed buoyant growth. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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