April 2023,
X Ed. ,
114 pages
Price (single user license): EUR 1600 / USD 1872
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Language: English
Report code: W05VN
Publisher: CSIL
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Table of contents
Vietnam. Furniture export/production ratio, 2012-2022, %
In recent years, Vietnam has become the 6th largest furniture producer and the 2nd largest furniture exporter worldwide. Exports have been the country’s furniture industry’s major driver, increasing from USD 5 billion to nearly USD 20 billion during the last decade.
Vietnam has emerged not only as a hub for domestic production sourcing but also as an attractive option for offshore manufacturing for overseas companies. The number of direct foreign investment companies (FDI) is growing year after year and typically with a larger average size in terms of turnover and workforce.
CSIL’s Research Report The furniture industry in Vietnam offers an up-to-date and detailed analysis of the Vietnamese furniture sector and its prospects , through tables, graphs, illustrated maps, and further information processed from direct interviews with top furniture companies and sector experts.
The Furniture market outline part provides data for furniture production, consumption, imports, and exports for the time series 2012-2022 with furniture market forecasts for 2023 and 2024.
At a supply side, the Vietnam furniture productive system is analysed through selected productive factors (forest area and resources, the structure of land by land use, consumption of wood-based panels, imports of wood-based panels, employment) and a breakdown of furniture production by segment (upholstered furniture, kitchen furniture, office furniture, bedroom, dining and living room furniture, other furniture).
The competitive system includes a ranking of the top 50 manufacturers by furniture turnover, providing detailed profiles including the following information:
The above information is available also in the detailed profiles of the top 128 Vietnamese and FDI furniture manufacturers.
Further 140 short profiles of Vietnamese furniture companies, are provided with turnover and number of employees range.
The report overall considers a total of around 270 furniture companies.
The analysis of the Vietnamese furniture market includes:
The international trade of furniture is analysed from and to Vietnam: countries of destination/origin, furniture trade by segment (upholstered furniture, non-upholstered seats, bedroom furniture, kitchen furniture, office furniture, parts of furniture, parts of seats) and furniture trade by country/area.
The study is further enriched by:
CSIL’s Research Report ‘The furniture industry in Vietnam’ is part of the Country Furniture Outlook Series, that currently covers 100 markets.
Among the selected mentioned companies: An Cuong, Bassett Furniture, Henglin Chair, HHC Corpotarion, Motomotion Vietnam, ScanCom International, Timberland, Truong Thanh Furniture, UE Furniture, Wanek Ashley Furniture.
Abstract of Table of Contents
1. Summary: Key facts about the furniture sector in Vietnam
2. Vietnam furniture market potential
Furniture market outline, 2012-2022
Economic environment and furniture market forecasts, 2023-2024
3. Business climate indicators
4. Demand Determinants
5. Furniture Consumption in Vietnam
Trends in the Vietnamese furniture market and consumption by segment
6. Vietnam furniture Imports
Furniture imports growth, furniture consumption and imports/consumption ratio by segment
Origin of furniture imports and imports by segment
Imports and exports of furniture parts
7. Vietnam productive factors
8. Vietnam. Furniture Production
Furniture production, 2012-2022 and production by segment
9. Vietnam Furniture Exports
Furniture exports growth furniture production and exports/production ratio by segment
Destination of furniture exports and exports by segment
10. Furniture competitive system in Vietnam
Top 50 furniture manufacturers (FDI and Vietnamese owned companies) by total turnover.
Major foreign furniture companies with business activity in Vietnam
11. Vietnam. Major furniture manufacturers
12. Vietnam. Leading FDI and foreign companies
13. Vietnam. Other furniture companies
Annexes: Country Rankings, Furniture Data, Furniture Exports and Imports
Vietnam. Furniture export/production ratio, 2012-2022, %
In recent years, Vietnam has become the 6th largest furniture producer and the 2nd largest furniture exporter worldwide. Exports have been the country’s furniture industry’s major driver, increasing from USD 5 billion to nearly USD 20 billion during the last decade.
Vietnam has emerged not only as a hub for domestic production sourcing but also as an attractive option for offshore manufacturing for overseas companies. The number of direct foreign investment companies (FDI) is growing year after year and typically with a larger average size in terms of turnover and workforce.
CSIL’s Research Report The furniture industry in Vietnam offers an up-to-date and detailed analysis of the Vietnamese furniture sector and its prospects , through tables, graphs, illustrated maps, and further information processed from direct interviews with top furniture companies and sector experts.
The Furniture market outline part provides data for furniture production, consumption, imports, and exports for the time series 2012-2022 with furniture market forecasts for 2023 and 2024.
At a supply side, the Vietnam furniture productive system is analysed through selected productive factors (forest area and resources, the structure of land by land use, consumption of wood-based panels, imports of wood-based panels, employment) and a breakdown of furniture production by segment (upholstered furniture, kitchen furniture, office furniture, bedroom, dining and living room furniture, other furniture).
The competitive system includes a ranking of the top 50 manufacturers by furniture turnover, providing detailed profiles including the following information:
The above information is available also in the detailed profiles of the top 128 Vietnamese and FDI furniture manufacturers.
Further 140 short profiles of Vietnamese furniture companies, are provided with turnover and number of employees range.
The report overall considers a total of around 270 furniture companies.
The analysis of the Vietnamese furniture market includes:
The international trade of furniture is analysed from and to Vietnam: countries of destination/origin, furniture trade by segment (upholstered furniture, non-upholstered seats, bedroom furniture, kitchen furniture, office furniture, parts of furniture, parts of seats) and furniture trade by country/area.
The study is further enriched by:
CSIL’s Research Report ‘The furniture industry in Vietnam’ is part of the Country Furniture Outlook Series, that currently covers 100 markets.
Abstract of Table of Contents
1. Summary: Key facts about the furniture sector in Vietnam
2. Vietnam furniture market potential
Furniture market outline, 2012-2022
Economic environment and furniture market forecasts, 2023-2024
3. Business climate indicators
4. Demand Determinants
5. Furniture Consumption in Vietnam
Trends in the Vietnamese furniture market and consumption by segment
6. Vietnam furniture Imports
Furniture imports growth, furniture consumption and imports/consumption ratio by segment
Origin of furniture imports and imports by segment
Imports and exports of furniture parts
7. Vietnam productive factors
8. Vietnam. Furniture Production
Furniture production, 2012-2022 and production by segment
9. Vietnam Furniture Exports
Furniture exports growth furniture production and exports/production ratio by segment
Destination of furniture exports and exports by segment
10. Furniture competitive system in Vietnam
Top 50 furniture manufacturers (FDI and Vietnamese owned companies) by total turnover.
Major foreign furniture companies with business activity in Vietnam
11. Vietnam. Major furniture manufacturers
12. Vietnam. Leading FDI and foreign companies
13. Vietnam. Other furniture companies
Annexes: Country Rankings, Furniture Data, Furniture Exports and Imports
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