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Dec 26, 2022 Demand continues to decline, U.S. manufacturing orders to China fall by 40%
On December 5, the US media CNBC reported that since the autumn, US orders for Chinese production have decreased by 40%. Because of the drop in demand, shipping companies will reduce the number of shipping flights between China and the United States. Container traffic from China to the U.S. fell 21% between August and November, and U.S. imports from Asia also plummeted to their lowest level in 20 months in October. In addition, some supply chain companies said that Chinese factories are expected to stop production in advance of the holiday, which may further affect the production and transportation of orders.
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Dec 26, 2022 In 2025, the home improvement market will reach 5 trillion yuan, with an average annual growth rate of over 6%
On December 5, the Chinese Academy of Social Sciences Institute of Financial Strategy and the Shell Research Institute released a report. According to the calculation of the Shell Research Institute, the total demand for housing decoration in my country during the period 2022-2030 will be between 3 billion and 5 billion square meters per year. The overall size of the home improvement and furnishing market will reach about 5 trillion yuan in 2025 and about 7 trillion yuan in 2030, with an average annual growth rate of more than 6%.
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Dec 19, 2022 In 2023, the scale of the customized home furnishing market will exceed 500 billion yuan
Recently, the China Business Industry Research Institute released the "Research Report on China's Home Furnishing Market Prospects and Investment Opportunities", which covers the development trend of the custom home furnishing industry and the research content of layout and packaging. Among them, the market size of China's custom home furnishing industry has exceeded 400 billion yuan in 2021, and the compound growth rate will reach 16% from 2016 to 2021. The industry maintains a good development trend. The China Business Industry Research Institute predicts that the scale of China's customized home furnishing market will exceed 500 billion yuan in 2023.
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Dec 19, 2022 U.S. furniture manufacturing loses money for seven straight months
On December 3, the US Institute for Supply Management (ISM) released its November report. After months of no increase or decrease in the manufacturing industry, the industry suffered a loss in revenue for the first time in November. Of the 18 manufacturing sectors counted by the ISM, furniture and wood products all posted losses. Since May, the furniture manufacturing industry has lost money for seven consecutive months. The number of new orders in the entire manufacturing industry is declining, and the number of orders in the furniture industry is flat month-on-month, with almost no decrease. In addition, the furniture industry is one of the seven sub-sectors whose output has declined, ranking third in the industry.
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Dec 13, 2022 U.S. Black Friday sales record, furniture sales up about 10%
U.S. shoppers spent a record $9.12 billion online on Black Friday this year, beating its forecast for a modest 1% rise to $9 billion, according to Adobe data, which tracks sales on retailers' websites. "Cyber Monday" sales also hit a record high of $11.2 billion, up 5.1% from last year's $10.7 billion. Sales in the furniture sector were also "better than expected," rising nearly 10%.
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Dec 12, 2022 In the first 11 months, China's furniture exports were 421.5 billion yuan
The General Administration of Customs released statistics on China's import and export data for the first 11 months of this year. Data show that in November, the export value of Chinese furniture and its parts was 41.69 billion yuan, an increase of 4.1% from the previous month; in the first 11 months of this year, the export value of Chinese furniture and its parts was 421.53 billion yuan, a year-on-year decrease of 2.0%.
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Dec 05, 2022 The total retail sales of furniture fell by 6.6% in October, and fell by 8.2% from January to October
According to the latest data released by the National Bureau of Statistics, from January to October, the total retail sales of furniture nationwide was 129 billion yuan, a year-on-year decrease of 8.2%; the total retail sales of construction and decoration materials was 150.6 billion yuan, a year-on-year decrease of 5.3%. Looking at the month of October, the total retail sales of furniture nationwide was 14.4 billion yuan, a year-on-year decrease of 6.6%; the total retail sales of construction and decoration materials was 17 billion yuan, a year-on-year decrease of 8.7%. It is worth noting that since the beginning of this year, the total retail sales of furniture in the country have declined year-on-year for 10 consecutive months.
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Dec 05, 2022 Global wood consumption to grow 37% by 2050
Recently, the Food and Agriculture Organization of the United Nations released a report entitled "Global Forest Sector Outlook 2050: Assessing Future Timber Demand and Sources for a Sustainable Economy". Global consumption of sawn timber, veneer, plywood, particleboard, pulp and other primary wood products is projected to increase by 37% to 3.1 billion cubic meters of roundwood by 2050, based on a business-as-usual scenario equivalent.
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Nov 28, 2022 Vietnam's wood product exports fell sharply by 21% in two months
The Ministry of Forestry of Vietnam, which was originally full of confidence in this year's timber export, has faced another situation in its timber export trade due to the cancellation of a large number of orders due to inflation in Europe and the United States. According to Vietnamese customs data, during the two-month period from August to September alone, Vietnam's wood product exports fell sharply by 21%, and total shipments fell by 14.6%.
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Nov 28, 2022 National building materials and home furnishing stores sold 99.213 billion in September, a month-on-month increase of 14.97%
On October 15, the Department of Circulation Industry Development of the Ministry of Commerce and the China Building Materials Circulation Association jointly released information showing that the sales of building materials and home furnishing stores above designated size nationwide in September were 99.213 billion yuan, a month-on-month increase of 14.97% and a year-on-year decrease of 15.30%; The cumulative sales from January to September were 945.874 billion yuan, a year-on-year increase of 20.35%. According to the Industry Research Department of the China Building Materials Circulation Association, in September, with the subsidence of high temperature weather, the national building materials and home furnishing market entered the traditional peak sales season. The market did not appear, and the increase of BHI was lower than expected.
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Nov 22, 2022 In September, U.S. furniture retail sales fell by 0.7% month-on-month, and building materials fell by 0.4%
Recently, the National Retail Federation released the latest retail data. After seasonal adjustment, the retail sales of furniture in the United States in September decreased by 0.7% month-on-month, while the unadjusted data increased by 1.5% year-on-year. Overall retail sales rose 7.2% year-on-year in the first nine months of the year. Retail sales of building materials and gardening supplies fell 0.4% month-on-month and rose 9.2% year-on-year.
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Nov 22, 2022 U.S. civil furniture orders plummeted 39% in June, backlog down 17%
Recently, American consulting firm Smith Leonard released the latest "Furniture Insights" report. In the report, new orders for civil furniture in the United States in June fell sharply by 39% year-on-year. Compared with the same month in 2019 before the new crown epidemic, new order data also fell by 13.3%. New orders fell 27% in the first half of 2022. On the other hand, civil furniture shipments in June increased by 10%; as orders decreased and shipments increased, order backlog decreased by 17% year-on-year and 10% month-on-month.
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