Forecast: Turnover of Wholesale of Furniture Markets in China

From 2013 to 2023, the turnover of the wholesale furniture market in China exhibited notable fluctuations. The value reached 968.25 Hundred Million Yuan Renminbi in 2023. Observing the year-on-year variations, the market fluctuated significantly, especially between 2015 and 2020, showing both peaks and declines. The CAGR over the last five years hovered at -0.53%, indicating relative stagnation. Nevertheless, 2023 signaled a positive turn with a 5.1% increase from the previous year.

Looking forward to the forecasted period from 2024 to 2028, the market is expected to grow at a 3.34% CAGR, with a total projected growth of 17.88%. Notable trends to watch include technological advancements in product design, increasing consumer demand for sustainable furniture, and the role of e-commerce in expanding market reach.