Overview of the Global Market for Furnishing Articles, Furniture and Cushion Covers

Market Size for Furnishing Articles, Furniture and Cushion Covers

The global market for furnishing articles, furniture and cushion covers rose modestly to $X in 2023, growing by X% against the previous year. In general, the total consumption indicated a tangible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the global market remained at a lower figure.

Production of Furnishing Articles, Furniture and Cushion Covers

In value terms, production of furnishing articles, furniture and cushion covers expanded to $X in 2023 estimated in export price. Over the period under review, the total production indicated a noticeable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2023, global production of growth remained at a somewhat lower figure.

Exports of Furnishing Articles, Furniture and Cushion Covers

Exports

In 2023, after two years of growth, there was significant decline in overseas shipments of furnishing articles, furniture and cushion covers, when their volume decreased by X% to X tons. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The global exports peaked at X tons in 2022, and then contracted in the following year.

In value terms, exports of furnishing articles, furniture and cushion covers shrank to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the global exports of failed to regain momentum.

Exports by Country

In 2023, China (X tons) represented the key exporter of furnishing articles, furniture and cushion covers, committing X% of total exports. It was distantly followed by India (X tons) and the Netherlands (X tons), together constituting a X% share of total exports. Turkey (X tons), Vietnam (X tons) and Germany (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of furnishing articles, furniture and cushion covers. At the same time, the Netherlands (X%), India (X%) and Turkey (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. Germany experienced a relatively flat trend pattern. By contrast, Vietnam (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) and the Netherlands (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of Vietnam (X p.p.) and China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest furnishing article, furniture and cushion cover supplying countries worldwide were China ($X), India ($X) and Turkey ($X), with a combined X% share of global exports.

India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for furnishing articles, furniture and cushion covers stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2023, the average export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other global leaders experienced more modest paces of growth.

Imports of Furnishing Articles, Furniture and Cushion Covers

Imports

In 2023, global imports of furnishing articles, furniture and cushion covers dropped modestly to X tons, which is down by X% against the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of global imports of failed to regain momentum.

In value terms, imports of furnishing articles, furniture and cushion covers dropped to $X in 2023. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of global imports of remained at a somewhat lower figure.

Imports by Country

The United States represented the largest importer of furnishing articles, furniture and cushion covers in the world, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2023. It was distantly followed by Germany (X tons), creating a X% share of total imports. The following importers - the UK (X tons), Zambia (X tons), France (X tons), Canada (X tons), the Netherlands (X tons), Japan (X tons), Kenya (X tons), Italy (X tons), Tanzania (X tons) and South Korea (X tons) - together made up X% of total imports.

Imports into the United States increased at an average annual rate of X% from 2012 to 2023. At the same time, Zambia (X%), Canada (X%), the Netherlands (X%), Tanzania (X%), Kenya (X%), Italy (X%), the UK (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. Germany and France experienced a relatively flat trend pattern. By contrast, Japan (X%) illustrated a downward trend over the same period. While the share of Zambia (X p.p.), the United States (X p.p.) and Canada (X p.p.) increased significantly in terms of the global imports from 2012-2023, the share of Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported furnishing articles, furniture and cushion covers worldwide, comprising X% of global imports. The second position in the ranking was held by Germany ($X), with a X% share of global imports. It was followed by France, with a X% share.

From 2012 to 2023, the average annual growth rate of value in the United States totaled X%. In the other countries, the average annual rates were as follows: Germany (X% per year) and France (X% per year).

Import Prices by Country

The average import price for furnishing articles, furniture and cushion covers stood at $X per ton in 2023, shrinking by X% against the previous year. Overall, the import price showed a slight slump. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. Global import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was France ($X per ton), while Canada ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform