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Asia Pacific. A high performing market for office furniture

2014-05-05
Asia Pacific.  A high performing market for office  furniture

World's fastest growing area. The Asia Pacific market for office furniture in ten countries Australia, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam (excluding India and China) is estimated by CSIL to be worth US$ 7 billion in 2013. over the last decade, the area grew by 4% on average, each year. According to preliminary estimates, office furniture consumption increased by 2% in 2013 (in real terms). Around 11% of the market is currently satisfied by imported office furniture (US$ 806 million), recording an average annual growth of +10% since 2003.

 

 

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