U.S. leads world’s $307 billion furniture market
Worldwide production of furniture is worth about
$307 billion in U. S. currency, with the United States
in the lead at 21 percent of total production. These
findings are part of the World Furniture Outlook
2008/2009, which can be purchased and downloaded
from www.csilmilano.com and www.worldfurniture-online.com. The estimates are based on information
from national and international official sources.
The seven major industrial economies, the
United States, Italy, Germany, Japan, United Kingdom, Canada and France, comprise 50 percent of
the world’s total production. Sixty-five percent of
the entire world’s production is from developed
countries with 35 percent coming from emerging
countries, with China being the highest at 18 percent. China and Poland have had rapidly increasing production thanks to newly built plants.
The degree of openness in the furniture markets, or the ratio between imports and consumption, rose from 20 percent in 1997 to 30 percent in
2006. This increase was important in the United
States, where the trade deficit was nearly $22 billion. From 1997 to 2007, the United States had an
imports increase from $8.6 billion to $26 billion.
U.S. imports presently are leveling off.
International trade of furniture has grown
faster than furniture production and faster than international trade of manufactures due to the opening on the main furniture markets in the past 10
years. In 2008 and 2009 the world gross domestic
product will continue to grow at a fast pace along
with international trade of manufactures. World
trade of furniture is expected to grow by 15 percent
in 2008, and might amount to $121 billion.
a new Web
site featuring a
news and events
video library and
Thermwood restructures eCabinet Systems
VP of sales;
Chris Aiken, VP
and service; and
Jason Howell, VP
of finance and
Thermwood Corp. restructured the eCabinet Systems program giving
free access to a collection of cabinet, furniture closet and carving libraries and the ability to output code to machines other than those within the
Thermwood brand. The company is offering a Web-based training program modeled after its weeklong software class. Access to the program is
on a subscription basis. See www.thermwood.com for more information.
Company Inc. as