• French century-old brand Rochburg is growing against the trend! Revenue in the first half of the year increased by 27%!
    Sep 19, 2022 French century-old brand Rochburg is growing against the trend! Revenue in the first half of the year increased by 27%!
    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! Much of this growth is due to Rochburg's surge in sales in the UK market. Half-yearly sales in its UK market totaled 11.5 million euros, up 76.4% from 2021. Home Micro News previously reported that "The French century-old brand Rochburg performed well in the first half of the year, and UK sales soared by 76%! ", introduced its outstanding performance in the UK market in the first half of the year. Commenting on its results, Rochburg said: "It is worth noting that the overall economic environment this year has not been particularly favourable. But our group still delivered very good business results in the first half of 2022, again demonstrating the strength of its positioning The strength and the strong appeal of the brand.” In addition to the surprising performance of the UK market, the performance of the US/Canada market is also very bright, which is also the main contributor to Rochburg's half-year revenue growth. According to the semi-annual trading record, Rochburg's earnings before interest, tax, depreciation and amortization (EBITDA) increased by 52.8% to 47.9 million euros from 31.4 million euros in 2021, and net profit increased by 124.5 million euros from 9 million euros in 2021 % to 20.1 million euros. This outperformance was driven by higher EBITDA in the US/Canada market (29.1% of Rochburg's EBITDA margin in H1 2022), favored by exchange rate effects . "The U.S./Canada region has become a major contributor to the group's revenue and consolidated EBITDA," Rochburg said. "We have also just announced our strategic objective to acquire Atlanta by exercising its unilateral option to acquire ), Houston and Dallas to strengthen its presence in the U.S. market. We expect this move to add value to the group from next year onwards.” “Given the excellent performance in the first half of 2022, combined with the level of retail sales and the overall order backlog (€178 million as of June 30, 2022), we are targeting a total revenue of more than €385 million, EBITDA, for fiscal 2022 Strong growth in earnings before amortization," Rochburg added.
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  • U.S. furniture makers struggled again in August, new orders fell again!
    Sep 14, 2022 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 employment rose 4.4%. "U.S. manufacturing continues to grow at a similar rate to the previous two months, with new order rates starting to return to growth and supplier deliveries remaining at 100 percent," said Timothy R. Fiore, president of the Institute for Supply Management. Appropriate level of tension and prices are softening again, reflecting the trend of balanced supply and demand.” “The pace of price increases slowed sharply in August, coupled with slowing lead times, should bring buyers back into the market, boosting order volumes. The market remains optimistic about demand, with cautious versus optimistic The ratio was 1:5. Our panelists remained nervous about the weakening economy, with 18% pointing to concerns about shrinking orders in their comments. 12% raised concerns about increasing inventories across the supply chain growing concerns," added Timothy Fiore. As before, compared with the other 17 manufacturing industries, the performance of the furniture industry in August was still unsatisfactory. The furniture and wood products industries saw the largest decline in new orders and were the only two industries to report high levels of customer inventories. At the same time, the furniture industry was also one of eight industries reporting an increase in raw material prices compared to July. On the positive side, however, suppliers in the furniture and wood products industry saw faster deliveries compared to June, which also improved from May. The industry has seen a reduction in overstock since July, and no changes in product productivity and employee employment, which may be a good sign since both indicators fell sharply in May.
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  • Indonesia's furniture industry exports soar by 33% in 2021!
    Sep 05, 2022 Indonesia's furniture industry exports soar by 33% in 2021!
    The furniture industry plays an important role in promoting the development of the manufacturing industry and improving the performance of the national economy. This is reflected in Indonesia's 2021 export value of ethnic furniture products exceeding 2.5 billion US dollars, an increase of 33% over the previous year's 1.9 billion US dollars! Indonesian Industry Minister Agus Gumiwang Kartasasmita attended the opening ceremony of the 2022 Indonesia International Furniture Fair (IFEX) on August 18. Appreciating the implementation of IFEX 2022, Agus Gumiwang Katasasmita said: "IFEX is the largest furniture exhibition in Indonesia and even in Southeast Asia, and has so far proven its ability to positively impact the furniture industry in Indonesia, making The furniture market can continue to prosper.” Agus Gumiwang Katasasmita said several studies have shown that Indonesia's furniture industry has an opportunity to fill the global market. For example, the Centre for Industrial Research (CSIL) estimates that global furniture consumption will grow by 3.9% in 2022. This growth will be boosted by a recovery in the EU market and stimulus from the Resilience Fund. In the domestic market, the government's increased efforts to increase the use of domestic products (P3DN) must make it a driving force for the furniture industry to improve product performance, Agus Gumiwang Katasasmita believes. To this end, the domestic furniture and handicraft industry must pay special attention to obtaining the domestic component grade (TKDN) certification in order to be able to sell its products in electronic catalogues. "This year, the Ministry of Industry has prepared a free TKDN certification scheme for 1,250 products. For next year, we are also seeking to increase the budget so that 10,000 products can be TKDN certified free of charge." Argus Gumiwang Katazas Mita said.
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  • U.S. mattress sales fell 13.3% in the second quarter
    Sep 01, 2022 U.S. mattress sales fell 13.3% in the second quarter
    According to local media reports on August 10, according to the International Sleep Products Association's quarterly report on the bedding market, in the second quarter of 2022, sales of mattresses and bed frames by U.S. manufacturers and importers fell by 13.3% compared to the same period last year. . Total sales of wholesale mattresses and bed frames decreased 3.5%. Sales of mattresses and bed frames made in the United States fell 26.7% in volume and 10.4% in wholesale value, while the average unit price of these two categories rose 20% and 9.3%, respectively.
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  • Canada imposes 173% double anti-tax on Chinese mattresses
    Aug 23, 2022 Canada imposes 173% double anti-tax on Chinese mattresses
    According to reports, the Canada Border Services Agency (CBSA) has recently made a preliminary anti-dumping and anti-subsidy affirmative ruling on mattresses originating in or imported from China, deciding to impose provisional anti-dumping duties and Countervailing duties. Among them, the temporary tariffs payable by 11 Chinese companies, including Foshan Suilong Furniture Co., Ltd., totaled 23.01% to 163.48%, and the temporary tariffs payable by other exporters totaled 173.36%. It will make a final ruling on October 5, 2022, and issue a ruling issued by the Canadian International Trade Tribunal on November 4.
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  • In the first half of the year, the revenue of China's furniture manufacturing industry was 360.4 billion yuan, down 4%
    Aug 19, 2022 In the first half of the year, the revenue of China's furniture manufacturing industry was 360.4 billion yuan, down 4%
    According to data from the National Bureau of Statistics, from January to June this year, the operating income of the national furniture manufacturing industry was 360.4 billion yuan, a year-on-year decrease of 4%; the total profit was 17.48 billion yuan, a year-on-year increase of 2.6%. Among them, the profit of the furniture industry increased by 20.6% in June, from a decline to an increase. The operating income of the textile industry was 1,248.98 billion yuan, a year-on-year increase of 4.7%; the total profit was 42.63 billion yuan, a year-on-year decrease of 5.3%. The operating income of wood processing and wood, bamboo, rattan, palm, and grass products was 474.64 billion yuan, a year-on-year increase of 3.1%; the total profit was 15.52 billion yuan, a year-on-year decrease of 4.9%.
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  • U.S. consumer furniture orders fell 41% in May, shipments rose 10%
    Aug 19, 2022 U.S. consumer furniture orders fell 41% in May, shipments rose 10%
    Recently, American consulting firm Smith Leonard released the latest "Furniture Insights" report. The report shows that in May this year, new orders for residential furniture in the United States fell by about 41% year-on-year, and the number of new orders from January to May fell by 25% year-on-year. Compared to May 2021, residential furniture shipments increased by 10% in May and 7% in the first five months of the year. The backlog of residential furniture fell by 8% month-on-month and 4% year-on-year. Inventory levels rose 41% year over year.
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  • China's furniture exports up 2.9% in July
    Aug 19, 2022 China's furniture exports up 2.9% in July
    The latest data released by the General Administration of Customs on August 7 shows that from January to July, the export value of Chinese furniture and its parts was 265.97 billion yuan, a year-on-year increase of 0.4%. From January to June, the export value of Chinese furniture and its parts was 226.47 billion yuan, a year-on-year increase of 0.2%. Furniture exports achieved positive growth for two consecutive months. In a single month in July, the export value of Chinese furniture and its parts was 39.90 billion yuan, an increase of 2.9% year-on-year. In terms of other home building materials, from January to July, the export value of ceramic products was 113.62 billion yuan, a year-on-year increase of 10.1%; the export value of lamps, lighting devices and their parts was 168.51 billion yuan, a year-on-year increase of 1.2%. Judging from a single month in July, the export value of ceramic products was 20 billion yuan; the export value of lamps, lighting devices and their parts was 29.06 billion yuan. Overall, in the first seven months, China's total import and export value was 23.6 trillion yuan, a year-on-year increase of 10.4%. In July, my country's total import and export value was 3.81 trillion yuan, a year-on-year increase of 16.6%. Among them, the export was 2.25 trillion yuan, an increase of 23.9%; the import was 1.56 trillion yuan, an increase of 7.4%; the trade surplus was 682.69 billion yuan, an increase of 90.9%. The year-on-year growth rate of the number of foreign trade enterprises with import and export performance in July also accelerated. In terms of international trade relations, China's imports and exports to major trading partners such as ASEAN, the European Union, the United States and South Korea have grown. In the first seven months, ASEAN was the largest trading partner. The total trade value between China and ASEAN was 3.53 trillion yuan, an increase of 13.2%, accounting for 15% of China's total foreign trade value. The EU is the second largest trading partner. The total trade value between China and the EU is 3.23 trillion yuan, an increase of 8.9%, accounting for 13.7%. The United States is the third largest trading partner, and the total trade value between China and the United States is 2.93 trillion yuan, an increase of 11.8%, accounting for 12.4%. South Korea is the fourth largest trading partner, and the total trade value between China and South Korea is 1.39 trillion yuan, an increase of 8.9%, accounting for 5.9%. During the same period, China's imports and exports to countries along the "Belt and Road" totaled 7.55 trillion yuan, an increase of 19.8%. It is worth mentioning that in July, the import and export between China and its "Regional Comprehensive Economic Partnership" (RCEP) trading partners increased by 18.8% year-on-year, driving the overall import and export growth by 5.6 percentage points. RCEP has provided regional economic recovery and development. New kinetic energy. RCEP came into effect on Janu...
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  • In the first half of the year, the revenue of China's furniture manufacturing industry was 360.4 billion yuan, down 4%
    Jul 28, 2022 In the first half of the year, the revenue of China's furniture manufacturing industry was 360.4 billion yuan, down 4%
    According to data from the National Bureau of Statistics, from January to June this year, the operating income of the national furniture manufacturing industry was 360.4 billion yuan, a year-on-year decrease of 4%; the total profit was 17.48 billion yuan, a year-on-year increase of 2.6%. Among them, the profit of the furniture industry increased by 20.6% in June, from a decline to an increase. The operating income of the textile industry was 1,248.98 billion yuan, a year-on-year increase of 4.7%; the total profit was 42.63 billion yuan, a year-on-year decrease of 5.3%. The operating income of wood processing and wood, bamboo, rattan, palm, and grass products was 474.64 billion yuan, a year-on-year increase of 3.1%; the total profit was 15.52 billion yuan, a year-on-year decrease of 4.9%.
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  • 226.47 billion yuan, the
    Jul 19, 2022 226.47 billion yuan, the "transcript" of furniture exports in the first half of the year was released
    On July 13, according to customs statistics, in the first half of this year, the export value of furniture and its parts was 226.47 billion yuan, a slight increase of 0.2% year-on-year. The export value of ceramic products was 94.16 billion yuan, a year-on-year increase of 9.3%. The export value of lamps, lighting devices and their parts was 140.13 billion yuan, an increase of 1% year-on-year. Judging from the single month of June, the export value of furniture and its parts was 41.01 billion yuan; the export value of ceramic products was 20.1 billion yuan; the export value of lamps, lighting devices and their parts was 28 billion yuan.
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  • Smart home local policies are frequently issued, releasing major benefits.
    Jul 15, 2022 Smart home local policies are frequently issued, releasing major benefits.
    In the first half of 2022, countries and regions have issued relevant opinions on smart home, injecting a booster for the development of the smart home industry. Among them, the "Opinions of the Central Committee of the Communist Party of China and the State Council on Accelerating the Construction of a National Unified Market" proposes to "promote the unification of standards in fields such as smart home and security, and explore the establishment of a smart device identification system." Locally, "Guangdong Province Digital Economy Development Guidelines 1.0" The development task of promoting the popularization of smart homes and promoting smart home products is proposed; the "Shanghai Action Plan for Promoting the High-Quality Development of the Smart Terminal Industry (2022-2025)" proposes to cultivate a 100 billion-level smart home industry. In addition, Beijing, Hefei and other places also put forward relevant opinions.
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  • U.S. consumer furniture orders fell 20% in April, inventories soared 39%
    Jul 08, 2022 U.S. consumer furniture orders fell 20% in April, inventories soared 39%
    On June 30, Smith Leonard of the United States released the latest "Furniture Insights" report, showing that new orders for residential furniture in the United States fell by 20% year-on-year in April, the fourth consecutive month of double-digit decline; shipments. Up 13% year-on-year, mainly from a large backlog of goods; backlog of orders fell 5% month-on-month from March, but increased 9% from April 2021 and 275% from April 2019; inventory surged again, compared to April 2019. In March, the month-on-month increase was 6%, and the year-on-year increase was 39% in April last year. According to the report, Smith Leonard expects overall inventory to be higher than historical levels.
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