In 2023, the turnover of the wholesale of furniture in China was approximately 1.15 hundred billion Yuans Renminbi. The forecast from 2024 to 2028 indicates a gradual decrease in turnover, starting at 1.12 in 2024 and declining to 1.02 by 2028. This trend represents a year-on-year decrease of roughly 1.8% from 2024 to 2025 and 2.7% from 2025 to 2026. The compound annual growth rate (CAGR) over the five-year forecast period is approximately -2.3%, indicating a steady downturn.
Future trends to watch for:
- Potential shifts in consumer preferences towards sustainable and eco-friendly furniture.
- Technological advancements in production and supply chain efficiencies.
- Economic factors and trade policies impacting the sector.
- Increased competition from domestic and international players.
