Forecast: Furniture Exports to Japan by Vietnam

In 2023, Vietnam's furniture exports to Japan stood at 712.45 million USD. Based on forecasted data, the export value is expected to reach 733.67 million USD in 2024. This represents a year-on-year increase of approximately 2.98% from 2023 to 2024. Subsequent years show continued growth, with year-on-year increases of 3.15% in 2025, 2.99% in 2026, 2.84% in 2027, and 2.72% in 2028.

Over a five-year forecasted period from 2024 to 2028, Vietnam's furniture exports to Japan exhibit a compound annual growth rate (CAGR) of approximately 2.93%, indicating a steady upward trend.

Future trends to watch for include:

  • Changes in consumer preferences in Japan which may impact the type and style of furniture demanded.
  • Economic conditions and exchange rate fluctuations that could influence export volumes and values.
  • The impact of trade agreements and tariffs between Vietnam and Japan that may affect export competitiveness.
  • Advancements in sustainable and eco-friendly furniture production that could open new market opportunities.

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