{"id":3755,"date":"2020-09-28T00:00:00","date_gmt":"2020-09-28T00:00:00","guid":{"rendered":"https:\/\/dev.sayitsimple.it\/csil\/the-world-upholstered-furniture-industry\/"},"modified":"2023-01-03T14:53:57","modified_gmt":"2023-01-03T14:53:57","slug":"the-world-upholstered-furniture-industry","status":"publish","type":"post","link":"https:\/\/www.worldfurnitureonline.com\/news\/the-world-upholstered-furniture-industry\/","title":{"rendered":"The world upholstered furniture industry"},"content":{"rendered":"

\"Article_WorldUpholststeredFurnitureIndustry2020_CSIL\"<\/a><\/h3>\n

The upholstered furniture sector is broadly globalized <\/strong>(34% in value of world upholstery consumption is imported). The consequences of the Covid-19 pandemic on the world upholstered furniture consumption depend largely on the ability of the largest markets to mobilize resources to assist in the recovery and on the creation of opportunities for upholstery exporting countries to stimulate local consumption to absorb upholstered furniture made available as a consequence of a decrease in exports.<\/p>\n

\u00a0 <<< Click on the preview to download\u00a0the\u00a0article<\/em><\/strong><\/p>\n

The world upholstered furniture consumption is forecasted to decrease by 8% in real terms in 2020, according to CSIL, registering a lower decrease if compared to the whole furniture industry and rebounding faster in 2021<\/strong>.<\/p>\n

The perspectives of Asia and Pacific, which represent more than 40% of the world upholstered furniture market, are less negative than for the other areas because correlated with the potential of the Chinese domestic market.<\/p>\n

World consumption of upholstery (at production prices, excluding markup) was about US$ 54 billion in 2010, increasing to US$ 70 billion in 2019.<\/p>\n

About 70% of world consumption takes place in 5 large markets<\/strong>: China, the United States, Germany, the United Kingdom, and India, with China and the USA accounting together more than half of the global market.<\/p>\n

If we take the last decade as a reference period, the value of world upholstery consumption increased by 3% yearly, driven mainly by the fast increase of the two largest markets, China and the United States, which have grown by 7% and 5% (2010-2019).<\/p>\n

Among the largest markets, imported upholstered furniture has been growing<\/strong>.<\/p>\n

The openness of the North American markets <\/strong>to foreign products is a major structural phenomenon and has also been the main growth engine for international trade in upholstered furniture in recent years. While total consumption is changing slowly worldwide, there are major variations in the composition of consumption in almost all major markets.<\/p>\n

The US market is largely open to imports with an import\/consumption ratio of nearly 40%, over the world average of 34%. In 2019, the US imported upholstered furniture for a value of over US$ 7 billion, of which over 50% coming from China. Although with a slower effect comparing with other furniture sectors, it is worth noting that, recent trade tensions between the US and China are impacting the trade flows between these two countries and are bolstering the role of other countries, such as Vietnam and Mexico.<\/p>\n

LEADING US AND CHINESE MANUFACTURERS EXPAND TO VIETNAM AND MEXICO<\/h3>\n

Both leading US and Chinese upholstered furniture manufacturers made important investments in expanding their presence<\/strong> in those countries with the aim to satisfy the US market directly.<\/p>\n

In this regards it is worth mentioning Ashley Furniture, the world’s largest upholstery manufacturer, which operates six manufacturing plants (8,700 employees) in Vietnam through the company Wanek Furniture and exports entirely to the mother company in the USA.<\/p>\n

Recent investments were made also by leading Chinese upholstered furniture manufacturers like Man Wah and Kuka. Man Wah acquired Timberland, a large upholstered furniture manufacturer in Vietnam, and expanded its production facilities in 2019 achieving approximately 90% of previous North American shipments.<\/p>\n

During 2020 Kuka made important investments both in Vietnam with the construction of a new manufacturing facility producing 450,000 sofas per year and Mexico, where the company established a new facility focused on special order stationary upholstery for the North American market. While the facility will produce fabric upholstery only to start, leather production should come online by 2021.<\/p>\n

\n

Source: CSIL “The World Upholstered Furniture Industry<\/a><\/strong>\u201d, June 2020, comprehensive picture of the global upholstered furniture sector: production, consumption, imports and exports, market forecasts, detailed profiles of the leading manufacturers, focus on the Top 20 world upholstered furniture countries.<\/p>\n","protected":false},"excerpt":{"rendered":"According to CSIL, The World Upholstered Furniture Industry is forecasted to decrease in 2020, but registering a lower decrease if compared to the whole furniture industry and rebounding faster in 2021. The consequences of the Covid-19 pandemic on the world upholstered furniture consumption depend largely on the ability of the largest markets to mobilize resources to assist in the recovery and on the creation of opportunities for upholstery exporting countries to stimulate local consumption to absorb upholstered furniture made available as a consequence of a decrease in exports.","protected":false},"author":1,"featured_media":5761,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[55],"tags":[],"acf":[],"yoast_head":"\nThe world upholstered furniture industry - World Furniture Online<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.worldfurnitureonline.com\/news\/the-world-upholstered-furniture-industry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The world upholstered furniture industry - World Furniture Online\" \/>\n<meta property=\"og:description\" content=\"According to CSIL, The World Upholstered Furniture Industry is forecasted to decrease in 2020, but registering a lower decrease if compared to the whole furniture industry and rebounding faster in 2021. The consequences of the Covid-19 pandemic on the world upholstered furniture consumption depend largely on the ability of the largest markets to mobilize resources to assist in the recovery and on the creation of opportunities for upholstery exporting countries to stimulate local consumption to absorb upholstered furniture made available as a consequence of a decrease in exports.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.worldfurnitureonline.com\/news\/the-world-upholstered-furniture-industry\/\" \/>\n<meta property=\"og:site_name\" content=\"World Furniture Online\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-28T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-03T14:53:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.worldfurnitureonline.com\/wp-content\/uploads\/2022\/02\/World-Furniture-Online_12.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Amine Aouni\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Amine Aouni\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.worldfurnitureonline.com\/news\/the-world-upholstered-furniture-industry\/\",\"url\":\"https:\/\/www.worldfurnitureonline.com\/news\/the-world-upholstered-furniture-industry\/\",\"name\":\"The world upholstered furniture industry - World Furniture Online\",\"isPartOf\":{\"@id\":\"https:\/\/www.worldfurnitureonline.com\/#website\"},\"datePublished\":\"2020-09-28T00:00:00+00:00\",\"dateModified\":\"2023-01-03T14:53:57+00:00\",\"author\":{\"@id\":\"https:\/\/www.worldfurnitureonline.com\/#\/schema\/person\/b9ae42fd0dfd83441527f3fa814aef8f\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.worldfurnitureonline.com\/news\/the-world-upholstered-furniture-industry\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.worldfurnitureonline.com\/news\/the-world-upholstered-furniture-industry\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.worldfurnitureonline.com\/news\/the-world-upholstered-furniture-industry\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.worldfurnitureonline.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The world upholstered furniture industry\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.worldfurnitureonline.com\/#website\",\"url\":\"https:\/\/www.worldfurnitureonline.com\/\",\"name\":\"World Furniture Online\",\"description\":\"CSIL\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.worldfurnitureonline.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.worldfurnitureonline.com\/#\/schema\/person\/b9ae42fd0dfd83441527f3fa814aef8f\",\"name\":\"Amine Aouni\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.worldfurnitureonline.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/189d7d2431eadaca57bf511bf1d1c0a8?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/189d7d2431eadaca57bf511bf1d1c0a8?s=96&d=mm&r=g\",\"caption\":\"Amine Aouni\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The world upholstered furniture industry - World Furniture Online","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.worldfurnitureonline.com\/news\/the-world-upholstered-furniture-industry\/","og_locale":"en_US","og_type":"article","og_title":"The world upholstered furniture industry - World Furniture Online","og_description":"According to CSIL, The World Upholstered Furniture Industry is forecasted to decrease in 2020, but registering a lower decrease if compared to the whole furniture industry and rebounding faster in 2021. The consequences of the Covid-19 pandemic on the world upholstered furniture consumption depend largely on the ability of the largest markets to mobilize resources to assist in the recovery and on the creation of opportunities for upholstery exporting countries to stimulate local consumption to absorb upholstered furniture made available as a consequence of a decrease in exports.","og_url":"https:\/\/www.worldfurnitureonline.com\/news\/the-world-upholstered-furniture-industry\/","og_site_name":"World Furniture Online","article_published_time":"2020-09-28T00:00:00+00:00","article_modified_time":"2023-01-03T14:53:57+00:00","og_image":[{"width":1000,"height":667,"url":"https:\/\/www.worldfurnitureonline.com\/wp-content\/uploads\/2022\/02\/World-Furniture-Online_12.jpg","type":"image\/jpeg"}],"author":"Amine Aouni","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Amine Aouni","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.worldfurnitureonline.com\/news\/the-world-upholstered-furniture-industry\/","url":"https:\/\/www.worldfurnitureonline.com\/news\/the-world-upholstered-furniture-industry\/","name":"The world upholstered furniture industry - World Furniture Online","isPartOf":{"@id":"https:\/\/www.worldfurnitureonline.com\/#website"},"datePublished":"2020-09-28T00:00:00+00:00","dateModified":"2023-01-03T14:53:57+00:00","author":{"@id":"https:\/\/www.worldfurnitureonline.com\/#\/schema\/person\/b9ae42fd0dfd83441527f3fa814aef8f"},"breadcrumb":{"@id":"https:\/\/www.worldfurnitureonline.com\/news\/the-world-upholstered-furniture-industry\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.worldfurnitureonline.com\/news\/the-world-upholstered-furniture-industry\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.worldfurnitureonline.com\/news\/the-world-upholstered-furniture-industry\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.worldfurnitureonline.com\/"},{"@type":"ListItem","position":2,"name":"The world upholstered furniture industry"}]},{"@type":"WebSite","@id":"https:\/\/www.worldfurnitureonline.com\/#website","url":"https:\/\/www.worldfurnitureonline.com\/","name":"World Furniture Online","description":"CSIL","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.worldfurnitureonline.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.worldfurnitureonline.com\/#\/schema\/person\/b9ae42fd0dfd83441527f3fa814aef8f","name":"Amine Aouni","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.worldfurnitureonline.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/189d7d2431eadaca57bf511bf1d1c0a8?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/189d7d2431eadaca57bf511bf1d1c0a8?s=96&d=mm&r=g","caption":"Amine Aouni"}}]}},"_links":{"self":[{"href":"https:\/\/www.worldfurnitureonline.com\/wp-json\/wp\/v2\/posts\/3755"}],"collection":[{"href":"https:\/\/www.worldfurnitureonline.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.worldfurnitureonline.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.worldfurnitureonline.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.worldfurnitureonline.com\/wp-json\/wp\/v2\/comments?post=3755"}],"version-history":[{"count":6,"href":"https:\/\/www.worldfurnitureonline.com\/wp-json\/wp\/v2\/posts\/3755\/revisions"}],"predecessor-version":[{"id":5838,"href":"https:\/\/www.worldfurnitureonline.com\/wp-json\/wp\/v2\/posts\/3755\/revisions\/5838"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.worldfurnitureonline.com\/wp-json\/wp\/v2\/media\/5761"}],"wp:attachment":[{"href":"https:\/\/www.worldfurnitureonline.com\/wp-json\/wp\/v2\/media?parent=3755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.worldfurnitureonline.com\/wp-json\/wp\/v2\/categories?post=3755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.worldfurnitureonline.com\/wp-json\/wp\/v2\/tags?post=3755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}