NEWS & ARTICLES:
Your top source of business information on the furniture industry and market world-wide by CSIL
On 21-24 February 2023, the next edition of the MEBLE POLSKA fair will take place in Poznań.
Registration of furniture buyers from Poland and abroad who want to participate in this event is currently underway. Visitors from 70 countries have already signed up to participate in the fair.
More information >>> www.meblepolska.pl
Giulia Taveggia, CSIL Partner and Market Researcher, was invited to present the latest data on the status and prospects of the global furniture sector, with a focus on the Italian furniture industry, at Fornitore Offresi – Arredo & Design’s opening conference on January 19th.
Find more details about Fornitore Offresi – Arredo & Design Exhibition (Italian language) at https://www.fornitorelegno.com/
The 14th Vietnam International Furniture and Home Accessories Fair (VIFA EXPO 2023) will be organized by Lien Minh Company from March 8 - 11, 2023 at the SECC (Ho Chi Minh City, Vietnam).
It is expected to be a big push for domestic wood industry enterprises to promote exports and approach new international customers.
The online channel development in the mattress sector has been one of the most disruptive changes across the market in recent years.
With different dynamics and peculiarities in product features, technological advancement in production and transport, retail strategies evolution, and consumer behaviour, the online mattress market runs on parallel tracks compared to the furniture market.
Source: ‘E-commerce in the Mattress Industry’ (ed. October 2022)
CSIL contribution at the 2022 Annual General Meeting of World Furniture Confederation & World Furniture Forum
Alessandra Tracogna, CSIL Partner and Senior Market Researcher, was invited to present the latest data on the status and perspectives of the global furniture market at the 2022 Annual General Meeting of World Furniture Confederation & World Furniture Forum held on October 26th.
During the forum, speakers from different countries shared their knowledge and insights about the global furniture industry focusing on different topics, including innovation & development, market outlook, industrial chain, and sustainable development.
According to CSIL (see ‘The world upholstered furniture industry’ report 2022), world consumption of upholstered furniture is worth nearly US$ 81 billion, recovering from the pandemic-induced contraction and even surpassing 2019 levels by over US$ 10 billion.
In 2021, world upholstery consumption increased by about one-fifth in current US$ compared to the previous year, and by more than one-tenth when compared to 2019.
- The world upholstered furniture industry, June 2022
- Top 100 upholstered furniture manufacturers in the world, October 2022
The new CSIL publication 'Top 100 office furniture manufacturers in Europe' provides a bird's-eye view of the European office furniture competitive system through the analysis of the leading 100 producers benchmarking their performance, their level of specialization, their relevance in the business, and the whole sector concentration.
Anywhere in the world, the high-end furniture segment follows its own patterns, that are partially tied to the development of the whole furniture sector and partially detached from it. At the same time, product innovations and design concepts proposed by high-end furniture manufacturers are pursued by other producers, so the moves of high-end players often impact on the overall industry.
According to CSIL estimates (The world high-end furniture market, June 2022), the world’s high-end furniture market accounts for approximately 10% of the global furniture market, in terms of value.
In the last twenty years, the Ready to Assemble (RTA)* furniture industry has developed fast, in terms of both the industry’s size and the products (support materials, finishing, assembling solutions) and distribution channels (registering a sharp increase in online sales).
According to CSIL, the RTA furniture industry increased by 3% yearly during the period 2016-2021, registering a higher growth rate compared to the performance of the fully assembled furniture production. The weight of the RTA furniture industry increased over time on the whole furniture industry and reached a value exceeding Eur 15 billion.
Source: ‘The European Market for RTA Furniture’ 2022
Invited by the Brazilian Leather project, developed by the Centre for the Brazilian Tanning Industry (CICB) and the Brazilian Trade and Investment Promotion Agency (ApexBrasil), CSIL has been attending the latest edition of this exhibition, taking place in FIERGS Events Center in Porto Alegre between the 19th and 20th of July, to keep an eye on trends in materials for the fashion and design sectors, with special attention to the leather segment.
See more of the exhibition at https://cicb.org.br/brazilian-leather/en/events