Product Description
The Chinese outdoor furniture industry consists of around 50,000 companies and 5 million employees. Most of these companies are small to medium sized operations with annual sales less than $36 million US$ (or CNY ¥300 million); large-sized companies only account for 3 percent of the total industry. In terms of ownership, at least 90 percent of Chinese furniture companies are not state owned; there is a diversified range of ownership types, including foreign owned, domestic Chinese privately owned, stock-holding companies, as well as various joint ventures. China is the third largest furniture-producing country in the world, accounting for 9 percent of total value of shipments and ranks second behind Italy with respect to export shipment value. The development of the Chinese furniture industry has far exceeded the country’s average industry growth rate (10%), as well as China’s growth rate in gross domestic product (7% to 9%) during the same period. Most Chinese furniture products sold in export markets are lower priced compared to locally made products. Chinese products are increasingly targeted toward middle to high-end markets and compete directly with local manufacturers. Lower Chinese labor costs (5% to 10% of U.S. wages) are generally considered to be the major contributor to price advantages. Another key contributor to the Chinese outdoor manufacturers’ competitiveness is lower operational costs, which are the result of frugal manufacturing approaches and active adoption of automation.
Member Information
| asiabroker |
| Country/Region: | Shang Hai - China |
| Business Nature: | Services or Others |
| Phone: | 15901977136 |
| Contact: | paolo (commer. intermediary) |
| Last Online: | 25 Apr, 2012 |