News & Events
Your top source of business information on the furniture industry and market world-wide by CSIL
Next year’s Malaysian International Furniture Fair (MIFF) is already generating a lot of buzz among exhibitors as they will be the first to showcase their latest products to global buyers when the trade show kicks off the 2020 Asia season.
The exciting prospect of getting in front of the competition to impress with new designs and collections will add more shine to the aisles at the ultra-modern Malaysia International Trade and Exhibition Centre (MITEC) and Putra World Trade Centre (PWTC) from Mar 6-9.
The 25th edition of China International Furniture Expo (also known as Furniture China 2019) ended on a considerable high note, in terms of visitor quality, exhibit range and the business touches. Exhibiting for 4-day with its concurrent shows – Maison Shanghai and Furniture Manufacturing & Supply China (FMC China) – Furniture China has welcomed attendees of 170,057 from 160 countries and regions, which indicates a growth by 2.15% compared with the year of 2018.
The world market for high-end furniture is worth approximately US$ 50 billion including high end – design furniture and contract furniture for high-end projects, such as five stars hotels, yachts, luxury private villas, etc. that represent around 30% of the market. The world market for high-end furniture is a concentrated one: the top 10 countries in the market absorb over 80% of the total high-end furniture; North America and Asia and Pacific, including China, being the main markets.
CSIL Market Research Report ‘The high-end design furniture market’ (May 2019), provides an overview of the world market for high-end home furniture, with a particular focus on Europe.
The Report can be purchased and downloaded at https://www.worldfurnitureonline.com/research-market/high-end-design-furniture-market-0058649.html
July 2019, Shanghai | On 9-12 September, Furniture China 2019 is going to celebrate its 25th anniversary in Pudong of Shanghai, bringing new insights to the furniture industry with around 3,500 selected exhibitors, brands and their high-quality products.
The outstanding success of the last exhibition boasted a record 37% increase in attendance. There is therefore great anticipation for the 44th edition of CIFF taking place at the National Exhibition & Convention Center in Shanghai Hongqiao from 8th to 11th September 2019 due to its extraordinary range of furnishing solutions.
According to CSIL Market Research Report Africa Furniture Outlook (March 2019), almost 70% of the total furniture market in Africa is satisfied by local manufacturers.
Total Africa furniture production amounts to US$ 7.5 billion and only 10% of furniture manufactured in Africa is exported (main exporting countries are Egypt, South Africa, Morocco and Tunisia). Several African countries have good potential for developing their furniture industry, both for internal consumption and for exports.
For Africa as a whole, a 2.4% growth of furniture consumption in real terms is expected for the year 2020.
With an extensive analysis that led to the publication of the Market Research Report ‘Top 200 furniture manufacturers worldwide’ (March 2019), CSIL identified the leading players operating in the furniture sector (definition of ‘top company’ relates to the value of furniture turnover).
Altogether, the Top 200 companies produced a total turnover of around USD 150 billion, of which, around USD 100 billion relate specifically to the furniture sector (or about 20% of world furniture production).
Malaysian exhibitors at MIFF 2019 raked in US$ 1.01 billion in sales over four days from March 8-11, up 3% increase from the previous high of US$ 984 million in 2018.
The record performance was achieved a year after the trade show was expanded to 100,000 sqm across the Malaysia International Trade and Exhibition Centre (MITEC) and Putra World Trade (PWTC) with design as its cornerstone.
CSIL participated in the 10th edition of Global Office Furniture Outlook (GOFO), a seminar organized by CIFF and Edimotion during the 2nd phase of China International Furniture Fair Guangzhou, where international speakers debated matters regarding the new work-spaces and constant change in the working habits of people.
Mauro Spinelli, CSIL Partner and expert in the research field of office furniture, delivered a speech presenting the expected trends 2019-2020 in the use of office products in a continuous transformation of the office paradigms.
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