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The global furniture output value is expected to exceed US $500 billion in 2021

The global furniture output value is expected to exceed US $500 billion in 2021

January 25, 2022 source: Sina furniture

On January 24, the China Furniture Association released the 2021 Asian Furniture Outlook report, and Xu Xiangnan, President of the Asian furniture Federation and chairman of the China Furniture Association, delivered a speech for the report. He said that with the positive adjustment of the macro situation, the global furniture industry has shown great development potential. In 2021, the global furniture output value is expected to exceed US $500 billion, with a positive year-on-year growth, exceeding the pre epidemic level. Among them, the furniture output value of China, the United States, Germany and Italy ranks among the top in the world.

From the perspective of Asia Pacific, as the most economically dynamic region in the world, it has shown a strong recovery trend since the second half of 2020. In 2021, the output value of the Asia Pacific region accounted for more than half of the global total output value. It is the only region in the world that has maintained continuous growth since the outbreak of the epidemic, which reflects the important position of the Asia Pacific region in the global furniture supply chain. Its unique resource advantages and production advantages have made significant contributions to the global furniture industry to overcome the challenges of the epidemic and achieve contrarian growth.

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