Metal Furniture Market - Global Exports of Metal Assembled Domestic Furniture Post a Slight Decline
Furniture December 21, 2016
Photo: © Franck Boston / Bigstockphoto
The global trade in metal complete and assembled domestic furniture amounted to 14,143 million USD in 2015, fluctuating mildly over the period under review. Following a 23% drop in 2009, exports showed robust growth for the next four years, until they switched to a barely perceptible decline. Overall, there was an annual increase of +5.9% from 2007 to 2015.
According to IndexBox estimates, China continued to dominate global exports on the metal furniture market by a large margin. In 2015, China's exports of metal complete and assembled domestic furniture totaled 7,438 million USD, which accounted for a 53% share in terms of global exports. Germany, USA, Italy, and Canada were the other key global suppliers of metal complete and assembled domestic furniture in 2015, with a 22% combined share of global exports.
China (+11.2% per year) and Germany (+3.8% per year) were the fastest growing exporters from 2007 to 2015. China significantly strengthened its position in the global export structure of metal complete and assembled domestic furniture, growing its share from 36% in 2007 to 53% in 2015.
On the other hand, USA (35%, based on value terms), Germany (6%), the UK (5%), Canada (4%), and France (4%) were the leading destinations of imports of metal complete and assembled domestic furniture in 2015. Imports to the USA grew the fastest, at +4.4% per year from 2007 to 2015. All of the major importers of metal complete and assembled domestic furniture increased their imports over the period under review. None of the key importing countries posted significant changes to their import share sizes.
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