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On December 5, the Chinese Academy of Social Sciences Institute of Financial Strategy and the Shell Research Institute released a report. According to the calculation of the Shell Research Institute, the total demand for housing decoration in my country during the period 2022-2030 will be between 3 billion and 5 billion square meters per year. The overall size of the home improvement and furnishing market will reach about 5 trillion yuan in 2025 and about 7 trillion yuan in 2030, with an average annual
Demand continues to decline, U.S. manufacturing orders to China fall by 40%
On December 5, the US media CNBC reported that since the autumn, US orders for Chinese production have decreased by 40%. Because of the drop in demand, shipping companies will reduce the number of shipping flights between China and the United States. Container traffic from China to the U.S. fell 21% between August and November, and U.S. imports from Asia also plummeted to their lowest level in 20 months in October. In addition, some supply chain companies said that Chinese factories are expected to stop
U.S. furniture manufacturing loses money for seven straight months
On December 3, the US Institute for Supply Management (ISM) released its November report. After months of no increase or decrease in the manufacturing industry, the industry suffered a loss in revenue for the first time in November. Of the 18 manufacturing sectors counted by the ISM, furniture and wood products all posted losses. Since May, the furniture manufacturing industry has lost money for seven consecutive months. The number of new orders in the entire manufacturing industry is declining, and the
In 2023, the scale of the customized home furnishing market will exceed 500 billion yuan
Recently, the China Business Industry Research Institute released the "Research Report on China's Home Furnishing Market Prospects and Investment Opportunities", which covers the development trend of the custom home furnishing industry and the research content of layout and packaging. Among them, the market size of China's custom home furnishing industry has exceeded 400 billion yuan in 2021, and th
U.S. Black Friday sales record, furniture sales up about 10%
U.S. shoppers spent a record $9.12 billion online on Black Friday this year, beating its forecast for a modest 1% rise to $9 billion, according to Adobe data, which tracks sales on retailers' websites. "Cyber Monday" sales also hit a record high of $11.2 billion, up 5.1% from last year's $10.7 billion. Sales in the furniture sector were also "better than expected," rising nearly 10%.
In the first 11 months, China's furniture exports were 421.5 billion yuan
The General Administration of Customs released statistics on China's import and export data for the first 11 months of this year. Data show that in November, the export value of Chinese furniture and its parts was 41.69 billion yuan, an increase of 4.1% from the previous month; in the first 11 months of this year, the export value of Chinese furniture and its parts was 421.53 billion yuan, a year-on-year decrease of 2.0%.
Global wood consumption to grow 37% by 2050
Recently, the Food and Agriculture Organization of the United Nations released a report entitled "Global Forest Sector Outlook 2050: Assessing Future Timber Demand and Sources for a Sustainable Economy". Global consumption of sawn timber, veneer, plywood, particleboard, pulp and other primary wood products is projected to increase by 37% to 3.1 billion cubic meters of roundwood by 2050, based on a b
According to the latest data released by the National Bureau of Statistics, from January to October, the total retail sales of furniture nationwide was 129 billion yuan, a year-on-year decrease of 8.2%; the total retail sales of construction and decoration materials was 150.6 billion yuan, a year-on-year decrease of 5.3%. Looking at the month of October, the total retail sales of furniture nationwide was 14.4 billion yuan, a year-on-year decrease of 6.6%; the total retail sales of construction and decor
On October 15, the Department of Circulation Industry Development of the Ministry of Commerce and the China Building Materials Circulation Association jointly released information showing that the sales of building materials and home furnishing stores above designated size nationwide in September were 99.213 billion yuan, a month-on-month increase of 14.97% and a year-on-year decrease of 15.30%; The cumulative sales from January to September were 945.874 billion yuan, a year-on-year increase of 20.35%.
Vietnam's wood product exports fell sharply by 21% in two months
The Ministry of Forestry of Vietnam, which was originally full of confidence in this year's timber export, has faced another situation in its timber export trade due to the cancellation of a large number of orders due to inflation in Europe and the United States. According to Vietnamese customs data, during the two-month period from August to September alone, Vietnam's wood product exports fell shar
U.S. civil furniture orders plummeted 39% in June, backlog down 17%
Recently, American consulting firm Smith Leonard released the latest "Furniture Insights" report. In the report, new orders for civil furniture in the United States in June fell sharply by 39% year-on-year. Compared with the same month in 2019 before the new crown epidemic, new order data also fell by 13.3%. New orders fell 27% in the first half of 2022. On the other hand, civil furniture shipments in June increased by 10%; as orders decreased and shipments increased, order backlog decreased by 17% year
Recently, the National Retail Federation released the latest retail data. After seasonal adjustment, the retail sales of furniture in the United States in September decreased by 0.7% month-on-month, while the unadjusted data increased by 1.5% year-on-year. Overall retail sales rose 7.2% year-on-year in the first nine months of the year. Retail sales of building materials and gardening supplies fell 0.4% month-on-month and rose 9.2% year-on-year.
On September 15, the Department of Circulation Industry Development of the Ministry of Commerce and the China Building Materials Circulation Association released the prosperity index (BHI) of building materials and home furnishing terminal stores in August. Data show that the National Building Materials and Home Furnishing Prosperity Index BHI was 101.02 in August, down 24.74 points year-on-year. The sales of building materials and home furnishing stores above designated size in August were 86.295 billi
U.S. furniture and homeware sales plunge in August
According to the latest data released by the U.S. Department of Commerce, in August, seasonally adjusted sales of furniture and household goods in the United States reached $11.783 billion, down 1.3% from $11.936 billion in July and $11.971 billion in August last year. It fell 1.6% year-on-year and was one of the worst-performing retail sectors tracked by the government. However, combined with previous statistics, from January to August 2022, the sales of furniture and household goods in the United Stat
According to the latest Manufacturing ISM Report On Business, U.S. manufacturing economic activity rose in September and the overall economy posted its 28th straight month of growth, but purchasing managers for overall manufacturing The index (PMI) fell to its lowest level since May 2020, and the furniture industry saw the biggest drop in orders. Seven manufacturing industries reported a con
Vietnam takes action and imposes tariffs of up to 35.2% on some Chinese furniture
Recently, Vietnam`s Ministry of Industry and Trade announced that from October 15, Vietnam will impose a 21.4% anti-dumping duty on chairs imported from China and a 35.2% anti-dumping duty on tables for a period of 4 months. Vietnamese authorities said that the quantity of table and chair products imported from China was significantly higher than the domestic production and sales volume in Vietnam, causing a serious impact on the Vietnamese furniture manufacturing industry. However, table and chair prod
Indonesian furniture startup Fabelio declares bankruptcy
Recently, Indonesian furniture and interior design startup Fabelio has been declared bankrupt by the court, and it will hold its first creditor meeting on October 17. Currently, Fabelio owes wages to employees and suppliers. It is understood that Fabelio, established in 2015, mainly provides Indonesian customers with locally produced and imported furniture through an omni-channel model, and provides interior design consulting services to customers from hotels and restaurants. By the end of 2020, Fabelio
Malaysia's wood furniture and wood products production up 4.9% in August
On October 12, the Malaysian Department of Statistics released the latest manufacturing industry data. The country's manufacturing sales value in August reached 157.4 billion ringgits, an increase of 24.4%. Among them, the manufacturing of wood, furniture, paper products and printing industries increased by 4.9% year-on-year. The value of sales in Malaysia's manufacturing sector jumped 17.4% to RM1.16 trillion in the January-August period.
U.S. furniture retail sales fell 0.7% month-on-month in September, building materials fell 0.4%
Recently, the American Retail Federation released the latest retail data. After seasonal adjustment, the retail sales of furniture in the United States fell by 0.7% month-on-month in September, while the unadjusted data increased by 1.5% year-on-year. Overall retail sales in the first nine months of this year increased by 7.2% year-on-year. The retail sales of building materials and gardening supplies fell by 0.4% month-on-month and increased by 9.2% year-on-year.
On October 15, information jointly released by the Ministry of Commerce's Circulation Industry Development Department and China Building Materials Circulation Association showed that the sales of building materials and home furnishing stores above designated size in September were 99.213 billion yuan, up 14.97% month-on-month and down 15.30% year-on-year; 2022 The cumulative sales from January to September was 945.874 billion yuan, a year-on-year increase of 20.35%. According to the Industry Research De
US Trade Commission votes to maintain high tariffs on Chinese wood furniture!
Recently, five members of the U.S. International Trade Commission (ITC) voted unanimously to maintain the current U.S. tariffs on Chinese-made wooden furniture. The decision is part of a tariff review process that requires reconsideration of tariff settings every five years. The United States began imposing tariffs on Chinese-made wooden furniture in 2005, when Americans believed that the move "saved American furniture companies."
Recently, Big Lots, the largest clearance retailer in the United States, and retail giant Conn's have released second-quarter earnings reports, and their performance has declined. In the second quarter ended July 30, Big Lots posted a net loss of $84.2 million, or $2.91 per share. The result included an after-tax charge of $18.1 million related to impairment of store assets. Excluding this charge, t
The latest news from home micro-news: Previously, the century-old French high-end furniture brand Roche Bobois updated its half-year performance report. The total sales in the first half of 2022 reached 203 million euros (about 1.4 billion yuan), an increase of 27.2% over the same period last year. %, setting a record for the best half-year turnover!
U.S. furniture makers struggled again in August, new orders fell again!
U.S. manufacturing remains the weakest sector since the pandemic. The Institute for Supply Management's August index showed manufacturing growth at 52.8%, unchanged from the previous month and the lowest level since June 2020. Compared to July, manufacturers' output fell 3% and consumer prices fell 7.5% (the lowest level since June 2020). The number of new orders in the manufacturing sector rose 3.3% and e
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Privacy statement: Your privacy is very important to Us. Our company promises not to disclose your personal information to any external company with out your explicit permission.