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Thailand - Furnishing Articles, Furniture and Cushion Covers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingThailand: Market for Furnishing Articles, Furniture and Cushion Covers 2024
Market Size for Furnishing Articles, Furniture and Cushion Covers in Thailand
For the third year in a row, the Thai market for furnishing articles, furniture and cushion covers recorded growth in sales value, which increased by X% to $X in 2023. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.
Production of Furnishing Articles, Furniture and Cushion Covers in Thailand
In value terms, production of furnishing articles, furniture and cushion covers declined to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Production of peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.
Exports of Furnishing Articles, Furniture and Cushion Covers
Exports from Thailand
Exports of furnishing articles, furniture and cushion covers from Thailand reduced notably to X tons in 2023, waning by X% against 2022. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.
In value terms, exports of furnishing articles, furniture and cushion covers reduced sharply to $X in 2023. Overall, exports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.
Exports by Country
Cambodia (X tons), Myanmar (X tons) and the United Arab Emirates (X tons) were the main destinations of exports of furnishing articles, furniture and cushion covers from Thailand, together comprising X% of total exports. Lao People's Democratic Republic, Senegal, the United States, Saudi Arabia, Tanzania, Japan and China lagged somewhat behind, together accounting for a further X%.
From 2012 to 2023, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Cambodia ($X) remains the key foreign market for furnishing articles, furniture and cushion covers exports from Thailand, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an X% share of total exports. It was followed by Myanmar, with a X% share.
From 2012 to 2023, the average annual growth rate of value to Cambodia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Myanmar (X% per year).
Export Prices by Country
The average export price for furnishing articles, furniture and cushion covers stood at $X per ton in 2023, rising by X% against the previous year. Overall, the export price, however, showed a slight reduction. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Myanmar ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced a decline.
Imports of Furnishing Articles, Furniture and Cushion Covers
Imports into Thailand
In 2023, overseas purchases of furnishing articles, furniture and cushion covers increased by X% to X tons, rising for the fourth consecutive year after three years of decline. Over the period under review, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked in 2023 and are expected to retain growth in years to come.
In value terms, imports of furnishing articles, furniture and cushion covers soared to $X in 2023. Overall, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2023 and are expected to retain growth in the immediate term.
Imports by Country
In 2023, China (X tons) was the main supplier of furnishing article, furniture and cushion cover to Thailand, with a X% share of total imports. It was followed by Vietnam (X tons), with a X% share of total imports.
From 2012 to 2023, the average annual growth rate of volume from China amounted to X%.
In value terms, China ($X) constituted the largest supplier of furnishing articles, furniture and cushion covers to Thailand, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports.
From 2012 to 2023, the average annual growth rate of value from China totaled X%.
Import Prices by Country
The average import price for furnishing articles, furniture and cushion covers stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced contraction. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for China totaled $X per ton.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%).
Source: IndexBox Platform
This report provides an in-depth analysis of the market for furnishing article, furniture and cushion cover in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 13921660 - Furnishing articles including furniture and cushion covers as well as cushion covers, etc. for car seats (excluding blankets, t ravelling rugs, bed linen, table linen, toilet linen, kitchen linen, curtains, blinds, valances and bedspreads)
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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