Furniture Trade
The average annual value of the import/export of wooden furniture is around USD 85 billion p.a. with the overall market (including domestic production/consumption) more than 3 times this value.
The market is projected to grow significantly over the next decade, particularly in countries with an expanding middle class population and, more generally, where there is a preference for more natural, sustainable and eco-friendly furniture products.
The market is extremely varied and complex with a wide range of product types and value drivers. Sustainability criteria can be a significant challenge in some markets (particularly in Europe), limiting access for suppliers without a robust and certified supply chain.
Furniture - Import & Export
Furniture - Top 20 Importing Countries (2019-23)
The USA is by far the largest importer of wooden furniture products with an average of 33.3% of all imports in recent years. Germany, in second place, averages just 8.3% of total imports. The UK, France and the Netherlands are the next most significant markets for imported wooden furniture.
Furniture - Top 20 Exporting Countries (2019-23)
China exports an average of 27.7% of the total export of wooden furniture, followed by Poland and Vietnam - both averaging around 9.5% of the total export market. A proportion of the global trade includes semi-finished components that are then assembled in a third country prior to export to the final market.