China's furniture exports fall in first half
According to China Customs, China's wooden furniture exports in the first half of 2023 were valued at US$1.15 billion, down 12 per cent from the same period in 2022. However, China's wooden furniture exports to Thailand grew by 18 per cent to $210 million in the same period last year alone 2022, with wooden furniture exported to Thailand mainly made from sawn rubberwood imported from Thailand.
China exports wooden furniture to more than 200 countries. The top 10 destination countries account for nearly 70 per cent.
The United States remains the largest market for Chinese wood products. Furniture exports accounted for about 30 per cent of the country's total wooden furniture exports to the United States. China's wooden furniture exports of furniture to the United States in 2017 fell 14% to $3.322 billion in the first half of 2023, directly affecting the overall export performance.
China's wood production declined in the first half of 2023 Furniture exports were also affected by the decrease in the volume of furniture exports. financial health of furniture producers. It is reported that in the first half of 2023 furniture production enterprises operating income (annual main business income of more than 20 yuan yuan 289.82 billion yuan, down 10 per cent from the previous year 2022 the same period total profit of RMB 1.32 billion yuan, down 2 per cent.
