China’s furniture makers see 14% rise in 2015 profits

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

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

According to Chinese analysts, bamboo and rattan furniture will play a 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.

Source: ITTO