According to the result of a survey that conducted by Italian Centre for Industrial Studies (CSIL), the world furniture consumption is forecast to increase 3.5% in 2018. This has created a fruitful opportunity for all furniture manufacturers business and Asian furniture market, especially garden and poly rattan furniture.
China is the largest commercial furniture supplier in the world, accounting for 39% of world furniture production. To explain this, most of the customers of these enterprises assess that Chinese’s furniture have the diversity in design, type, quantity and price. This allows them to make many different choices. The next names in the list of the world’s leading furniture manufacturers are US, Germany, Italy, India, Poland and Japan. In addition, China is also the largest furniture exporter in the world with an unprecedented period of growth in the last two decades despited of the stress on industrial production driven by exports and fuelled by foreign investments. United States, Japan, United Kingdom, Germany and Australia are the followers of the largest commercial furniture suppliers. These suppliers are also the major importers in the world.
Although Vietnam is only ranked in 8th for largest producer of furniture in the world. This country is ranked 1st in the most rapidly grow commercial furniture suppliers over India and Japan, with the growth of approximately 155% per year. According to CSIL report, Vietnam obtained the highest export growth in the world. This achievement is due to the way Vietnam’s furniture manufacturers take advantages of available resources. Firsly, Vietnam has cheap labor resources but skillful hands. Secondly, Vietnam is well known for its diverse natural resources, which is best for the production of many different materials. Rational exploitation will help Vietnam furniture manufacturers make full use of their resources. Currently the furniture industry in Vietnam comprises around 1,500 exporters, about 450 being FDI companies (foreign direct investment) that account for over 45% of furniture exports.