According to the China Furniture Association, the value of China’s furniture output increased 0.4% year on year and the 2015 income generated by the main enterprises rose 9% with a corresponding rise in profitability (+14%).

In 2015 the value of China’s furniture exports rose 2% year on year to US$54.28 billion and there was an 11% decline in furniture imports.

According to Chinese analysts, bamboo and rattan furniture will play greater role in the development of the furniture industries in China. These raw materials are easier to source than timber and they are fast growing, they mature early and generate high yields of a raw material that is easy to process.

Listed Chinese furniture companies performed well in 2015. They have significantly improved corporate behavior and have developed to such a level that they can secure development finance from the established financial sector. The expansion of on-line sales as a new business platform is transforming the Chinese wholesale and retail furniture sector.

Outstanding achievements had been made in the development of custom-made furniture. Homekoo, a Chinese custom-tailor furniture enterprise, was featured as one of China’s most innovative companies by an American magazine. Homekoo is a model of integrated operations.

Another recent feature of China's domestic furniture industry is the growth in across-industry cooperation aimed at brand establishment. Chinese furniture enterprises have worked with household appliances, audio equipment, electronic equipment enterprises to achieve cross-industry cooperation and provide one-stop supporting services and meet the needs of consumers.

China's furniture stores have provided consumers with supporting services such as home decoration design, interior furnishing, furniture, bathroom, electrical appliances, furnishings. The integration of cross-industry resources had been achieved.

(Source: Fordaq/ITTO)