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Your top source of business information on the furniture industry and market world-wide by CSIL
Muar, recently declared the “Furniture City of Malaysia” by the government, will take centre stage at Southeast Asia’s largest industry show next year when the annual Malaysian International Furniture Fair (MIFF) opens its doors again from March 8- 11.
Fresh from its biggest expansion in 2018, MIFF will celebrate its 25th anniversary sharing the limelight with Muar, the driving force that accounts for 70% of Malaysian furniture exports to over 160 countries including top destinations, the United States, Singapore, Japan, Australia and Britain.
MIFF, Malaysian International Furniture Fair 2019
8 to 11 March 2019
MITEC & PWTC, KL, Malaysia
According to CSIL, world consumption and production of mattresses have grown over the last decade, with different performances among different regions.
Globally, mattress production confirmed to grow in 2017. The value of mattresses produced worldwide increased by 40% since 2008 and it is forecasted to further increase in the time frame 2019- 2022.
Source: “The world mattress industry", July 2018, XV Edition
In a recent survey that involved around one hundred European office furniture distributors, a category which is shifting today from being simple suppliers of furniture items, to become providers of service, consultancy and complete solutions, CSIL tried to understand and describe the main sector’s trends in the coming years.
On June 18th, the international exhibition organizer – Informa, announced the formal merger with UBM. On occasion of this grand combination, UBM Sinoexpo will introduce a wider range of B2B market capabilities and international advantages, and strongly support the two upcoming furniture exhibitions of Pudong this September.
Furniture China and Maison Shanghai
11th – 14th September 2018
According to CSIL, the furniture market is forecasted to grow worldwide in the next years. The fastest growing region continues to be Asia and Pacific, with all other regions growing between 1% and 3% in real terms.
In terms of international trade of furniture, all the leading markets have shown a greater degree of openness in the last decade. Naturally there are still important differences among various national markets.
France is the fifth largest furniture exporter in Europe, the eleventh at a global level. With a production of furniture reaching around Eur 7 billion in 2017 and an export on production ratio of about 30% (23% in 2012), the country shows a large potential in the coming years.
The show will be held on Sep 10-13 in Shanghai under the brand new theme of "An example of Global Lifestyle".
Since 2018, every session of CIFF Shanghai will be coorganized by China Foreign Trade Guangzhou Exhibition General Corp. ("CFTE") and Red Star Macalline, China's largest furniture chained shopping mall.
With the strategic collabration, CIFF will take on a brand new look which is explained in the press release
According to CSIL, the European consumption of upholstered furniture was worth over Eur 14 billion in 2017, with different market performances across countries. Overall, the market increased over the last years and benefitted from an improved economic environment.
Germany is the biggest upholstery consuming country, followed by the UK and France. The New EU Members, although accounting for only 13% of the total European consumption, are the best performing markets.
CSIL cooperates with the EBRD in designing strategies and supporting companies of the furniture sector in Ukraine and Belarus
Alessandra Tracogna, CSIL senior partner, attended the events “Create. Produce. Export. Great opportunities for Ukranian furniture manufacturers” held in Kiev on May 23rd and the Minsk Furniture Forum on May 20th, 2018
The Eastern Partnership (EaP) is a joint initiative involving the EU and six Eastern European Partners: Armenia, Azerbaijan, Belarus, Georgia, the Republic of Moldova and Ukraine.
In this framework of Neighbourhood Policy, the European Union co-funds the EU4Business initiative aimed at supporting SMEs in the Eastern Partnership countries.
According to the latest edition of the CSIL report “The contract furniture and furnishings market in Europe” (2018) the largest segments of the contract market are Retail, including both mass-market and luxury shops, followed by Hospitality and Office.
With an increasing presence of international tourists, the Hospitality industry in Europe continues to be the main locomotive of the contract furniture and furnishing sector.
Western Europe is a large and mature market for furniture sales, boasting over 420 million consumers and accounting for around one fifth of the global furniture consumption.
After years of difficulties, the furniture market has followed an upward path benefitting from an improved macroeconomic environment.
According to the CSIL report "Furniture distribution in Europe" issued in 2018, the market is forecast to keep growing also in 2018 and 2019.