Overview of the Global Market for Furnishing Articles, Furniture and Cushion Covers

Market Size for Furnishing Articles, Furniture and Cushion Covers

The global market for furnishing articles, furniture and cushion covers contracted to $X in 2022, waning by X% against the previous year. In general, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the global market remained at a somewhat lower figure.

Production of Furnishing Articles, Furniture and Cushion Covers

In value terms, production of furnishing articles, furniture and cushion covers shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, global production of growth remained at a lower figure.

Exports of Furnishing Articles, Furniture and Cushion Covers

Exports

In 2022, global exports of furnishing articles, furniture and cushion covers stood at X tons, leveling off at the year before. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the global exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of furnishing articles, furniture and cushion covers contracted modestly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then shrank modestly in the following year.

Exports by Country

China was the main exporter of furnishing articles, furniture and cushion covers in the world, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by India (X tons), creating a X% share of total exports. Turkey (X tons), the Netherlands (X tons), Vietnam (X tons), Germany (X tons) and Tanzania (X tons) held a relatively small share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of furnishing articles, furniture and cushion covers. At the same time, the Netherlands (X%), India (X%), Turkey (X%) and Germany (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, Vietnam (X%) and Tanzania (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India and the Netherlands increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), India ($X) and Turkey ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of global exports.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for furnishing articles, furniture and cushion covers stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other global leaders experienced mixed trends in the export price figures.

Imports of Furnishing Articles, Furniture and Cushion Covers

Imports

In 2022, global imports of furnishing articles, furniture and cushion covers contracted to X tons, declining by X% on 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, imports of furnishing articles, furniture and cushion covers fell to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

The United States represented the main importing country with an import of around X tons, which amounted to X% of total imports. It was distantly followed by Germany (X tons), creating a X% share of total imports. The following importers - the Netherlands (X tons), Canada (X tons), France (X tons), the UK (X tons), Japan (X tons), Ethiopia (X tons), Democratic Republic of the Congo (X tons), Italy (X tons), Cameroon (X tons), Spain (X tons) and Poland (X tons) - together made up X% of total imports.

Imports into the United States increased at an average annual rate of X% from 2012 to 2022. At the same time, Ethiopia (X%), Cameroon (X%), the Netherlands (X%), Canada (X%), Poland (X%), Democratic Republic of the Congo (X%), Italy (X%), the UK (X%), Germany (X%) and France (X%) displayed positive paces of growth. Moreover, Ethiopia emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) and Spain (X%) illustrated a downward trend over the same period. While the share of the United States (X p.p.), Ethiopia (X p.p.), the Netherlands (X p.p.), Canada (X p.p.), Democratic Republic of the Congo (X p.p.) and Cameroon (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported furnishing articles, furniture and cushion covers worldwide, comprising X% of global imports. The second position in the ranking was held by Germany ($X), with a X% share of global imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at X%. In the other countries, the average annual rates were as follows: Germany (X% per year) and France (X% per year).

Import Prices by Country

The average import price for furnishing articles, furniture and cushion covers stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price, however, saw a slight decrease. The growth pace was the most rapid in 2018 an increase of X%. Global import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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