W0_WordlFurnOutlook_08

© Copyright CSIL

CSIL Milano scrl15 corso Monforte 20122 Milano Italy

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WORLD FURNITURE OUTLOOK 2008/2009

Multiclient Research SCENARIO

July 08 – R2433 COUNTRY REPORTS

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© Copyright CSIL

CSIL Milano scrl15 corso Monforte 20122 Milano Italy

tel. +39 02 796630 fax +39 02 [email protected] – www.csilmilano.com

World Furniture Outlook 2008/2009 SCENARIO

Research prepared by U. Finzi, S. Pelizzari and A. Tracogna COUNTRY REPORTS

HOME FURNITURE

UPHOLSTERY MATTRESSES

OFFICE

KITCHEN

APLLIANCES

LIGHTING

All rights reserved. Neither this publication nor any part of it may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise. Any such action is an infringement of the Italian Law (L.18 August 2000 n. 248) and may give rise to a legal action for damages and may be prosecuted as a criminal offence. All information in this report is verified to the best of the author's and the publisher's ability. However, CSIL does not accept responsibility for any errors and/ or omissions resulting from any source and for any loss arising from reliance on it.

World Furniture Outlook 2008/2009

28/07/2008 R2433

© Copyright CSIL This report is exclusively for consultation on the part of the purchaser. It may not be reproduced in whole or in part by any means whatsoever without the prior written permission of CSIL

I

Contents PART I – THE OUTLOOK 1 1 SUMMARY 2

The world furniture market 2 The world economy in 2008 and 2009 5 The “World Furniture Outlook 2008 and 2009” for 60 countries 7

2 THE WORLD FURNITURE MARKET 9 Overview of furniture production and trade 9 Developed countries and emerging countries 10 World geographic regions and trade areas 12

3 MARKET SHARES OF THE LEADING FURNITURE EXPORTING COUNTRIES 13 The main furniture exporting countries 13 The opening of furniture markets over the past ten years 16

4. THE INTERNATIONAL SCENARIO 20 The world economy in 2008 and 2009 20 Prospects of the international furniture sector in 2008 and 2009 20

PART II – WORLD FURNITURE INDICATORS 2008 23 WORLD TABLES 24 Table W1 Overview of the world furniture industry (by developed countries/emerging countries) ............................................................. 25 Table W2 Overview of the world furniture industry (by geographical regions)............................................................................................ 26 Table W3 FURNITURE EXPORTS, 60 Countries, alphabetical ................................................................................................................. 27 Table W4 FURNITURE EXPORTS, 60 Countries, ranking ........................................................................................................................ 28 Table W5 FURNITURE IMPORTS, 60 Countries, alphabetical.................................................................................................................. 29 Table W6 FURNITURE IMPORTS, 60 Countries, ranking ......................................................................................................................... 30 Table W7 THE OPENING OF FURNITURE MARKETS. Growth of exports, 1998-2007, 40 major exporting countries ........................... 31 Table W8 THE OPENING OF FURNITURE MARKETS. Growth of imports, 1998-2007, 40 major importing countries ........................... 32 Table W9 WORLD FURNITURE TRADE. Destination of Exports .............................................................................................................. 33 Table W10 WORLD FURNITURE TRADE. Origin of Imports....................................................................................................................... 34 Table W11 Furniture market outlook 2008 and 2009, alphabetical............................................................................................................... 35 Table W12 Furniture market outlook 2008 and 2009. Ranking by size of furniture market .......................................................................... 36


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COUNTRY TABLES 37 Table C1 Argentina 38 Table C2 Australia 39 Table C3 Austria 40 Table C4 Belgium 41 Table C5 Brazil 42 Table C6 Bulgaria 43 Table C7 Canada 44 Table C8 Chile 45 Table C9 China 46 Table C10 Croatia 47 Table C11 Cyprus 48 Table C12 Czech Republic 49 Table C13 Denmark 50 Table C14 Egypt 51 Table C15 Estonia 52 Table C16 Finland 53 Table C17 France 54 Table C18 Germany 55 Table C19 Greece 56 Table C20 Hong Kong, China 57 Table C21 Hungary 58 Table C22 India 59 Table C23 Indonesia 60 Table C24 Ireland 61 Table C25 Israel 62 Table C26 Italy 63 Table C27 Japan 64 Table C28 Kuwait 65 Table C29 Latvia 66 Table C30 Lebanon 67

Table C31 Lithuania 68 Table C32 Malaysia 69 Table C33 Malta 70 Table C34 Mexico 71 Table C35 Netherlands 72 Table C36 New Zealand 73 Table C37 Norway 74 Table C38 Philippines 75 Table C39 Poland 76 Table C40 Portugal 77 Table C41 Romania 78 Table C42 Russia 79 Table C43 Saudi Arabia 80 Table C44 Serbia 81 Table C45 Singapore 82 Table C46 Slovakia 83 Table C47 Slovenia 84 Table C48 South Africa 85 Table C49 South Korea 86 Table C50 Spain 87 Table C51 Sweden 88 Table C52 Switzerland 89 Table C53 Taiwan 90 Table C54 Thailand 91 Table C55 Turkey 92 Table C56 Ukraine 93 Table C57 United Arab Emirates 94 Table C58 United Kingdom 95 Table C59 United States 96 Table C60 Vietnam 97

APPENDIX - Notes, presentation conventions, classification of countries 98


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PART I THE OUTLOOK


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1 Summary

The world furniture market

World production of furniture is worth about US$ 350 billion1. This estimate is based on CSIL processing of data from official sources, both national and international, that cover the 60 most important countries (see page 9 below).

Figure 1 World furniture production

United States19%

Italy8% Canada

3%

Other developed countries15%

China20%

Other emerging countries13%

France3%

United Kingdom3%

Germany7%

Japan3%

Vietnam1% Brazil

2% Poland3%

Emerging Countries (38%)

Developed Countries (62%)

Source: CSIL processing

The seven major industrial economies (which are, in order of furniture production, the United States, Italy, Germany, Japan, Canada, the United Kingdom and France) together produce 47% in value of the world total. The furniture production of all developed countries combined covers 62% of the world total.

Furniture production in emerging countries currently amounts to 38% of the world total in value. There are two countries (China and Poland) where production is increasing rapidly thanks to recent investments in new plants especially designed and built for exports.

1 All data in the report are in current US$. They are affected by exchange rate variations, in particular by the strengthening of the major currencies against the US$.


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World furniture trade basically involves 60 countries, which are the subject of this report and of the World Furniture Indicators (attached as Part II). The leading importers are the United States, Germany, the United Kingdom, France and Canada. The major exporters are China, Italy, Germany, Poland and Canada.

Figure 2 Five major furniture importing countries. Imports, 1998 - 2007. Current US$ billion

0

2

4

6

8

10

12

14

16

18

20

22

24

26

28

United States Germany United Kingdom France Canada

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Source: CSIL processing of United Nations, Eurostat and national data

In the 1998-2007 period there was a very large increase in the imports of the United States (from US$ 10.3 billion to US$ 26 billion in current dollars) and of the United Kingdom (from US$ 2.6 billion to US$ 8.3 billion in current dollars), and smaller increases in France, Germany and Canada.


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Figure 3 Five major furniture exporting countries. Exports, 1998 - 2007. Current US$ billion

0

2

4

6

8

10

12

14

16

18

20

22

24

26

28

China Italy Germany Poland Canada

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Source: CSIL processing of United Nations, Eurostat and national data

The most important structural phenomenon of the past decade was the increased degree of openness of the furniture markets (measured as the ratio between imports and consumption, which for the entire world rose from 21.6% in 1998 to almost 30.6% in 2007). This increase was particularly important in the United States, where the trade deficit for furniture was US$ 22 billion in 2007, providing the most important stimulus to world furniture trade.

Figure 4 The opening of the world furniture markets, 1998 – 2007. Imports/consumption ratio

21.6% 22.5% 24.3% 24.8% 26.5% 28.3% 29.7% 30.0% 30.3% 30.6%

0%5%

10%15%20%25%30%35%

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Source: CSIL from industry and official data

As shown in Figure 4, growth of the imports/consumption ratio has been rapid until 2004 and is now levelling off.


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The world economy in 2008 and 2009

This report assumes that the international scenario in 2008 and 2009 will be as follows:

Table 1 Evolution of world GDP. Annual percentage change in real terms

2008 2009

World 4.1% 3.9% Advanced economies 1.7% 1.4% Source: IMF, World Economic Outlook, July 2008

As a consequence of the opening of the main furniture markets in the last ten years, international trade of furniture has grown faster than furniture production and faster than international trade of manufactures. In 2008 and 2009 the world GDP will continue to grow at a fast pace and so will international trade of manufactures. World trade of furniture is expected to grow by 15% in 2008 and by 10% in 2009 in current dollars. World trade of furniture would then amount to US$ 123 billion in 2008 and US$ 135 billion in 2009 (see Figure 5).


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Figure 5 World trade of furniture. Current US$ billion and annual percentage changes

52 51

84

123135

107

92

4855

45

65

77

0102030405060708090

100110120130140

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008* 2009*

7%

-2%

9% 9%10%

16%15%

10%

8%

18%

7%

18%

-4%

0%

4%

8%

12%

16%

20%

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008* 2009*

annual percentage change

Source: CSIL processing * Projected


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The “World Furniture Outlook 2008 and 2009” for 60 countries

Furniture demand is expected to grow in 2008 and 2009 in all large markets with the exception of the US and Spain (see below). The list of countries where furniture demand in 2009 should grow more than 3% in real terms includes six countries among the new EU members (Bulgaria, Czech Republic, Lithuania, Poland, Romania and Slovakia), four in Central and Eastern Europe (Croatia, Russia Serbia and Ukraine), eight in Asia (China, Hong Kong, India, Indonesia, Malaysia, Philippines, Singapore and Vietnam), Argentina and Chile in South America and six countries in Middle East and Africa (Egypt, Israel, Kuwait, Saudi Arabia, United Arab Emirates and South Africa). Moderate growth is expected in all the rest of the 60 countries except in the US, in Spain and in Latvia where no real growth is forecasted.

A map, color-coded according to the sizes of the furniture markets and showing the forecast for 2009 is attached.


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WORLD FURNITURE MARKET OUTLOOK 2009

Real Growth of Furniture Consumption in 60 CountriesFORECAST as of July 2008

USA 0%

MEXICO +3%

BRAZIL+3%

CHILE+4%

ARGENTINA

SOUTH AFRICA+5%

NEW ZEALAND+2%

PORTUGAL +1%

FRANCE +2%

ITALYGREECE +2%

%

GERMANYUK +1%

SWEDEN +2%

NORWAY +2%FINLAND+2%

IRELAND+1%

SPAIN +0%

RUSSIA +9%

JAPAN +1%

INDIA

CHINA+7%

© Copyright CSIL 2008 CSIL • te l: +39 02796630 • fax: +39 02780703 • e-m ail : [email protected] • http://www.csilmilano.com. .

LITHUANIA +6% POLAND +4%ESTONIA +2% CZECH REP. +4%HUNGARY +2% SLOVAKIA +4%LATVIA +0% SLOVENIA +3%MALTA +2% CYPRUS +3%

CANADA +2%

Above US $ 10 billi on

Between US $ 5 billion and US $ 10 billion


Below US $ 1 billi on

Not considered

Size of country’s furniture market


AUSTRALIA +3%

+4%

+6%

1%

+1%

HK +5%INDONESIA +4%MALAYSIA +6%PHILIPPINES +4%SINGAPORE +4%S.KOREA +3%TAIWAN +3%THAILAND +3%VIETNAM +6%

CROATIA +4%BULGARIA +4%SERBIA +4%UKRAINE +6%ROMANIA +4%

EGYPT +5%ISRAEL +4%LEBANON +1%KUWAIT +5%SAUDI ARABIA +5%UN.ARAB.EMIR.+5%TURKEY +3%

DENMARK +2%NETHERLANDS +1%BELGIUM-LUX +1%SWITZERLAND +1%AUSTRIA +2%

WORLD FURNITURE MARKET OUTLOOK 2009

Real Growth of Furniture Consumption in 60 CountriesFORECAST as of July 2008

USA 0%

MEXICO +3%

BRAZIL+3%

CHILE+4%

ARGENTINA

SOUTH AFRICA+5%

NEW ZEALAND+2%

PORTUGAL +1%

FRANCE +2%

ITALYGREECE +2%

%

GERMANYUK +1%

SWEDEN +2%

NORWAY +2%FINLAND+2%

IRELAND+1%

SPAIN +0%

RUSSIA +9%

JAPAN +1%

INDIA

CHINA+7%

© Copyright CSIL 2008 CSIL • te l: +39 02796630 • fax: +39 02780703 • e-m ail : [email protected] • http://www.csilmilano.com. .

LITHUANIA +6% POLAND +4%ESTONIA +2% CZECH REP. +4%HUNGARY +2% SLOVAKIA +4%LATVIA +0% SLOVENIA +3%MALTA +2% CYPRUS +3%

CANADA +2%

Above US $ 10 billi on



Below US $ 1 billi on

Not considered

Size of country’s furniture market


AUSTRALIA +3%

+4%

+6%

1%

+1%

HK +5%INDONESIA +4%MALAYSIA +6%PHILIPPINES +4%SINGAPORE +4%S.KOREA +3%TAIWAN +3%THAILAND +3%VIETNAM +6%

CROATIA +4%BULGARIA +4%SERBIA +4%UKRAINE +6%ROMANIA +4%

EGYPT +5%ISRAEL +4%LEBANON +1%KUWAIT +5%SAUDI ARABIA +5%UN.ARAB.EMIR.+5%TURKEY +3%

DENMARK +2%NETHERLANDS +1%BELGIUM-LUX +1%SWITZERLAND +1%AUSTRIA +2%


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2 The world furniture market

Overview of furniture production and trade

This report contains a general outline of the furniture industry, international trade of furniture and the outlook for the major markets in 2008 and 2009. As we shall see, all the leading markets are showing a greater degree of openness and the furniture industry has become a sector that needs to be analysed on the basis of global considerations. Naturally, there are still important differences in the degree of openness of the various national markets, differences that depend on the history of the furniture industry, the structural conditions and the comparative advantage of the manufacturers in each country.

The first step to be taken in order to carry out a systematic study of the data in a world context is to determine the most important markets. Statistics regarding the gross domestic product and, more generally, the structure of the economy are available for more than 200 countries (for example in the World Development Indicators of the World Bank). But many of these economies are of a limited size (small islands, states with low population density and few inhabitants, developing economies with very low per capita incomes) do not have a modern furniture industry and do not make a significant contribution to world furniture trade.

Back in the nineties, CSIL chose 50 countries on which to concentrate its work of research, analysis and data gathering about the furniture industry. Starting with the 2004/2005 edition of this report, the number of countries increased from fifty to sixty. The decision was due to several new developments. First, the continuing expansion of the internationalisation process for the furniture industry. Second, the enlargement of the European Union involving twelve countries of which six (Estonia, Latvia, Lithuania, Cyprus, Malta and Bulgaria) were not included in the sample and have been added, to cover all 27 members of the Union. Third, some more countries have been added to the sample because of their present or potential importance for furniture production and/or consumption (Vietnam, Serbia, Ukraine and Lebanon).

The 60 countries had a combined furniture production of about US$ 350 billion in 2007. With 4.8 billion inhabitants, that is roughly 75% of the world population, they account for 92% of world trade in goods and for almost all world furniture production in terms of value.

The international furniture trade of this group of 60 countries (which we shall hereafter refer to as the world), amounted to about US$ 107 billion in 2007. This corresponds to about 1% of world trade of manufactures.


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Developed countries and emerging countries

Table 2 Overview of the furniture industry (by developed/emerging countries)

Production Exports Imports Apparent Consumption Population

Apparent Consumption

per Capita

(US$ Million) (US$ Million) (US$ Million) (US$ Million) (Million) (US$) DEVELOPED COUNTRIES Major Industrial Countries France 10,804 3,029 7,496 15,270 63 241Germany 23,664 9,975 10,113 23,803 82 289 Italy 27,655 12,482 2,398 17,570 59 300 United Kingdom 11,662 1,639 8,323 18,346 60 304 Subtotal E4 73,784 27,126 28,330 74,989 265 283 Canada 11,821 4,178 4,589 12,232 33 376 Japan 11,895 703 4,278 15,470 128 121 United States 66,606 3,583 25,996 89,019 299 298 Subtotal G7 164,106 35,590 63,194 191,710 724 265 Other Developed Countries 52,313 18,174 29,259 63,074 253 250 Total Developed Countries 216,419 53,764 92,453 254,785 976 261 EMERGING COUNTRIES Major Furniture Exporting Emerging Countries China 71,484 22,030 882 50,337 1,312 38Poland 9,997 7,136 1,230 4,091 38 107 Vietnam 3,895 3,120 93 867 84 10 Malaysia 3,365 2,474 363 1,254 26 49 Other Emerging Countries 46,215 17,986 12,580 39,979 2,326 17 Total Emerging Countries 134,956 52,745 15,147 96,528 3,786 25 WORLD (60 COUNTRIES) 351,375 106,509 107,600 351,312 4,762 74 Sources: United Nations, World Bank, Eurostat, CSIL Furniture data are for the last available year (normally 2007) Population data are for 2006 (from the World Development Indicators 2007) Apparent consumption is valued at production prices (excluding markup)

The apparent consumption per capita of furniture ranges from an average of 25 US$ per year in emerging countries to US$ 261 per year in developed countries. The worldwide average is US$ 74 per year.

Figure 6 shows the relationship between an indicator of demand for furniture (apparent furniture consumption per capita at production prices) and per capita GNP in countries with per capita GNP above US$ 10000. Countries with the highest per capita consumption of furniture are Norway, Denmark, Austria, Switzerland, and Finland.


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Figure 6 Apparent furniture consumption per capita* in countries with per capita GNP above US$ 10000.

USAUK

Taiwan

Switzerland

Sweden

Spain

South Korea

Slovenia

Singapore

Saudi Arabia

Portugal

Norway

New Zealand

NetherlandsMalta

Kuwait

Japan

Italy

Israel

Ireland

Hungary

Greece

Germany

France

Finland

Estonia

Denmark

Czech Republic

Cyprus CanadaBelgium

Austria

Australia

0

100

200

300

400

500

600

0 10000 20000 30000 40000 50000 60000 70000

Per capita GNP (US$)

Furn

iture

con

sum

ptio

n pe

r cap

ita (U

S$)

Av. furniture consumption p.c.

Ave

rage

per

cap

ita G

NP

*At production prices, excluding markup Source: CSIL processing


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World geographic regions and trade areas

Table 3 Overview of the furniture industry (by geographical regions)



per Capita

(US$ Million ) (US$ Million) (US$ Million) (US$ Million) (Million) (US$)

European Union (27), Norway and Switzerland 130,001 58,525 57,438 128,914 505 255 of which European Union (15) 106,558 41,420 47,525 112,663 390 289

New EU Members (12) 21,015 15,828 5,518 10,705 103 104 European Union (27) 127,573 57,248 53,043 123,368 493 250 Norway and Switzerland 2,428 1,277 4,395 5,546 12 455 Central-East Europe outside the EU and Russia 6,867 1,947 4,045 8,966 274 33 Asia and Pacific 122,584 34,868 11,460 98,853 3,139 31

of which China 71,484 22,030 882 50,337 1,312 38 Japan 11,895 703 4,278 15,470 128 121 Other Asia and Pacific 39,205 12,135 6,300 33,046 1,699 19 Middle East and Africa 3,913 1,003 2,601 4,681 165 28 North America 81,653 9,116 31,557 104,093 436 239

of which United States 66,606 3,583 25,996 89,019 299 298 Canada 11,821 4,178 4,589 12,232 33 376 Mexico 3,226 1,355 972 2,842 104 27 South America 6,357 1,050 499 5,806 244 24 WORLD TOTAL (60 COUNTRIES) 351,375 106,509 107,600 351,312 4,762 74 Sources: United Nations, World Bank, Eurostat, CSIL Furniture data are for the last available year (normally 2007) Population data are for 2006 (from the World Development Indicators 2007) Apparent consumption is valued at production prices (excluding markup)

Table 3 gives an overview of the furniture sector by geographic regions. The 27 members of the European Union, plus Norway and Switzerland and North America are responsible for 66% of furniture consumption although the population is only 20% of the total; Asia and the Pacific, on the other hand, have 3 billion inhabitants (66% of the total) and are responsible for 28% of the total.

The market shares of the leading exporting countries and the opening of furniture markets in the years 1998-2007 are analysed in the next chapter.


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3 Market shares of the leading furniture exporting countries

The main furniture exporting countries

The main furniture exporting countries in 2007 are China, Italy, Germany, Poland and Canada. The evolution of exports by the main exporting countries between 1998 and 2007 was as follows:

Figure 7 The main furniture exporting countries, 1998 – 2007. Current US$ billion

China

Italy

Germany

PolandCanada

0

5

10

15

20

25

30

35

40

45

50

55

60

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Sources: UN, Eurostat, CSIL

The relative positions of the main exporting countries have changed considerably between 1998 and 2007. China moves to the first position becoming the leading exporter, Italy moves from first to second and Poland from 8th to 4th.


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Table 4 Market shares of the major exporting countries. Percentages

PRODUCTION EXPORTS 1998 2007 1998 2007

BY DEVELOPED COUNTRIES / EMERGING COUNTRIES DEVELOPED COUNTRIES Major Industrial Countries France 3.9 3.1 4.5 2.8 Germany 9.5 6.7 9.3 9.4 Italy 9.0 7.9 18.6 11.7 United Kingdom 4.3 3.3 3.0 1.5 Subtotal E4 26.7 21.0 35.5 25.5 Canada 2.7 3.4 7.2 3.9 Japan 7.8 3.4 0.4 0.7 United States 28.3 19.0 5.3 3.4 Subtotal G7 65.5 46.7 48.3 33.4 Other Developed Countries 15.5 14.9 26.5 17.1 Total Developed Countries 81.0 61.6 74.8 50.5 EMERGING COUNTRIES Major Furniture Exporting Emerging Countries China 4.7 20.3 4.8 20.7 Poland 1.4 2.8 4.0 6.7 Vietnam 0.2 1.1 0.5 2.9 Malaysia 0.6 1.0 2.4 2.3 Other Emerging Countries 12.2 13.2 13.4 16.9 Total Emerging Countries 19.0 38.4 25.2 49.5 WORLD (60 COUNTRIES) 100.0 100.0 100.0 100.0

BY GEOGRAPHICAL REGION European Union (27), Norway and Switzerland 40.8 37.0 65.6 54.9 of which European Union (15) 36.6 30.3 54.3 38.9 New EU Members (12) 3.4 6.0 9.6 14.9 European Union (27) 40.0 36.3 63.8 53.7 Norway and Switzerland 0.8 0.7 1.8 1.2 Central-East Europe outside the EU and Russia 1.3 2.0 0.6 1.8 Asia and Pacific 20.8 34.9 16.9 32.7 of which China 4.7 20.3 4.8 20.7 Japan 7.8 3.4 0.4 0.7 Other Asia and Pacific 8.4 11.2 11.7 11.4 Middle East and Africa 1.6 1.1 1.3 0.9 North America 32.1 23.2 14.7 8.6 of which United States 28.3 19.0 5.3 3.4 Canada 2.7 3.4 7.2 3.9 Mexico 1.1 0.9 2.2 1.3 South America 3.4 1.8 0.9 1.0 WORLD TOTAL (60 COUNTRIES) 100.0 100.0 100.0 100.0 Source: CSIL processing


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Figure 8 Percentage breakdown of furniture exports, 1998 and 2007

1998

Italy19%

Germany9%

Canada7%

France5%

Austria2%

Poland4%

Malaysia2%

Indonesia1%


China5%


Denmark4%

United States5%

Emerging countries (25%)


2007

Poland7%


Germany9%

Vietnam3%

Malaysia2%

Indonesia2%

United States3% France

3%Canada4% Denmark

3% Austria2%


Italy12%

China21%

Emerging countries (50%)


Sources: UN, Eurostat, CSIL


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About 50% of exports come from developed countries; however, the share of developed countries decreased by 25 percentage points to the advantage of some emerging countries: from 1998 to 2007 China's share increased from 5% to 21%. Other major furniture exporting emerging countries are Poland, Vietnam and Malaysia.

If we observe the percentage breakdown by geographic area in 1998 and in 2007, several interesting changes emerge:

the European Union (15) loses about 15 percentage points

the new EU members gains about 5 percentage points

the Asia and Pacific area gains about 16 percentage points

the surge of imports into the United States (which grew by about US$ 16 billion in current dollars between 1998 and 2007) was accompanied by an increase in exports from China, Canada and Vietnam.

In summary, nine countries have been the main protagonists of international furniture trade over the past decade: the seven major industrial countries plus China and Poland.

The opening of furniture markets over the past ten years

There has been a noticeable increase in the degree of openness of world markets for furniture. The ratio between imports and consumption rose from 21.6% in 1998 to 30.6% in 2007. The growth of the ratio was rapid until 2004 and is now levelling off.

The opening of furniture markets to imports in individual countries is in Figure 9.


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Figure 9 The opening of furniture markets, 1998-2007. Imports/consumption ratios, selected countries

UNITED STATES GERMANY

16% 18% 20% 21% 23% 25% 28% 28% 29% 29%

0%

10%

20%

30%

40%

50%

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

30% 32% 35% 36%40% 42% 43% 44% 44% 42%

0%

10%

20%

30%

40%

50%

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

UNITED KINGDOM FRANCE

26% 28% 31% 32%37%

40% 43% 43% 45% 45%

0%

10%

20%

30%

40%

50%

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

34% 36% 40% 39% 42% 44% 46% 47% 48% 49%

0%

10%

20%

30%

40%

50%

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

SPAIN ITALY

13% 13%18% 18% 17% 20% 24% 25% 25%

29%

0%

10%

20%

30%

40%

50%

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

7% 7% 8% 8% 9% 9% 10% 11% 12% 14%

0%

10%

20%

30%

40%

50%

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Source: CSIL processing

The US, Germany, the UK and France have opened rapidly, Spain is opening from a closed market status, while in Italy the opening process is in its initial stage.


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A sizeable percentage of international furniture trade is carried out within the economic regions into which the world economy can be divided:

in the European Union (15) and Norway and Switzerland about 55% of foreign furniture trade takes place within the same countries;

in the NAFTA area (US, Canada and Mexico) about 31% of foreign furniture trade is within the three countries;

in the Asia and Pacific countries more than 39% of total foreign furniture trade is within the region.

On balance, trade within regions amounts to about 46% of total world furniture trade.

Therefore, only one half of world furniture trade can be considered "global" in the sense that it takes place between countries in geographically distant regions. The most important of these flows are:

from the emerging countries of Asia to the United States (66% of outgoing flows from this area) and to Europe;

from Europe to the United States, mostly from Italy;

from the new EU members to Western Europe, especially to Germany.

Major furniture trading countries can be classified in three groups:

Large producers for internal consumption, with high per capita income, high labour costs and a structurally negative balance of trade: the United States, Germany, Japan, France and the United Kingdom. These countries together account for 46% of world consumption of furniture. The furniture trade deficit of this group of countries is rising fast, mainly because of the United States, where the deficit increased from US$ 7.8 billion in 1998 to US$ 22.4 billion in 2007.

Large producers for both internal consumption and exports. Despite high per capita incomes and high labour costs, they have some specific comparative advantages: Canada and Scandinavia have ample forestry resources; Italy benefits from the peculiar organisation into productive districts with many small companies. The exports/production ratio for these countries together is about 47%: Canada exports 35% of production (mainly to the United States), Italy 45% and Scandinavian countries an average of 69%. Italy has a surplus in the balance of furniture trade amounting to US$ 10 billion.

Large emerging producers dedicated to exports, thanks to the low cost of labour: countries in Asia (China, Malaysia and Vietnam), some of the new EU members (Poland, Czech Republic, Slovenia) and Latin America (Mexico, Brazil). All these countries have a furniture trade surplus and a very high propensity for furniture exports: Poland, Vietnam and Malaysia export about three quarters of their production, and China increased its degree of openness to the international market (in terms of exports over production ratios) from 23% in 1998 to 31% in 2007.


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Table 5 Furniture trade balances and degree of openness of the markets. Current US$ million and percentages

BALANCE IMP/CONS EXP/PROD 1998 2007 1998 2007 1998 2007 BY DEVELOPED COUNTRIES / EMERGING COUNTRIES

DEVELOPED COUNTRIES Major Industrial Countries France -1,007 -4,467 33.9 49.1 25.7 28.0 Germany -2,406 -138 30.4 42.5 21.8 42.2 Italy 7,802 10,084 6.7 13.6 46.2 45.1 United Kingdom -1,297 -6,684 26.1 45.4 15.2 14.1 Subtotal E4 3,092 -1,205 25.3 37.8 29.5 36.8 Canada 1,676 -411 41.8 37.5 59.5 35.3 Japan -1,850 -3,575 11.3 27.7 1.1 5.9 United States -7,849 -22,413 15.5 29.2 4.2 5.4 Subtotal G7 -4,931 -27,604 19.3 33.0 16.4 21.7 Other Developed Countries -741 -11,085 39.4 46.4 38.0 34.7 Total Developed Countries -5,671 -38,689 23.1 36.3 20.5 24.8 EMERGING COUNTRIES Major Furniture Exporting Emerging Countries China 2,103 21,148 1.1 1.8 22.7 30.8 Poland 1,530 5,906 22.9 30.1 63.3 71.4 Vietnam 207 3,027 12.6 10.7 68.2 80.1 Malaysia 1,037 2,111 29.4 28.9 89.8 73.5 Other Emerging Countries 2,333 5,406 16.8 31.5 24.5 38.9 Total Emerging Countries 7,209 37,598 13.4 15.7 29.4 39.1 WORLD (60 COUNTRIES) 21.6 30.6 22.2 30.3

BY GEOGRAPHICAL REGION European Union (27), Norway and Switzerland 5,266 1,087 31.4 44.6 35.7 45.0 of which European Union (15) 3,529 -6,105 29.6 42.2 32.9 38.9 New EU Members (12) 3,159 10,310 31.6 51.5 62.6 75.3 European Union (27) 6,688 4,204 29.7 43.0 35.4 44.9 Norway and Switzerland -1,422 -3,118 73.7 79.2 50.3 52.6 Central-East Europe outside the EU and Russia -1,007 -2,098 36.2 45.1 11.5 28.3 Asia and Pacific 3,283 23,408 11.2 11.6 18.0 28.4 of which China 2,103 21,148 1.1 1.8 22.7 30.8 Japan -1,850 -3,575 11.3 27.7 1.1 5.9 Other Asia and Pacific 3,031 5,835 16.4 19.1 31.1 31.0 Middle East and Africa -501 -1,598 29.1 55.6 18.1 25.6 North America -5,517 -22,440 17.1 30.3 10.2 11.2 of which United States -7,849 -22,413 15.5 29.2 4.2 5.4 Canada 1,676 -411 41.8 37.5 59.5 35.3 Mexico 656 383 22.0 34.2 44.2 42.0 South America 13 552 5.7 8.6 5.9 16.5 WORLD TOTAL (60 COUNTRIES) 21.6 30.6 22.2 30.3 Sources: United Nations, World Bank, Eurostat, CSIL


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4. The international scenario

The world economy in 2008 and 2009

This report assumes that the international scenario will be as follows:

Table 6 Evolution of world GDP. Annual percentage change in real terms

2008 2009

World 4.1% 3.9% Advanced economies 1.7% 1.4% Source: IMF, World Economic Outlook, July 2008

Prospects of the international furniture sector in 2008 and 2009

As a consequence of the opening of the main furniture markets in the last ten years, international trade of furniture until 2000 has grown faster than furniture production. 2001 was a year of contraction for international furniture trade, but growth resumed in 2002 and in subsequent years.

Figure 10 World trade of manufactures. Current US$ billion

4712 4639

10033

1187512847

8678

4044

77396378

544347294186

1 000

3 000

5 000

7 000

9 000

11 000

13 000

15 000

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008* 2009*

Sources: WTO, Prometeia, CSIL * Projected


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Table 7 World trade of manufactures and world trade of furniture. Current US$ billion

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008* 2009* World trade of manufactures 4044 4186 4712 4639 4729 5443 6378 7739 8678 10033 11875 12847World trade of furniture 45 48 52 51 55 65 77 84 92 107 123 135Sources: WTO, Prometeia, CSIL * Projected

Figure 11 World trade of furniture. Current US$ billion and annual percentage changes

52 51

84

123135

107

92

4855

45

65

77

0102030405060708090

100110120130140

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008* 2009*

7%

-2%

9% 9%10%

16%15%

10%

8%

18%

7%

18%

-4%

0%

4%

8%

12%

16%

20%

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008* 2009*

annual percentage change

Source: CSIL processing * Projected


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In 2008 the world GDP will grow at a fast pace and so will international trade of manufactures. World trade of furniture is likely to grow by 15% in 2008 and 10% in 2009 in current dollars. World trade of furniture would then amount to US$ 123 billion in 2008 and to US$ 135 billion in 2009.

The outlook of furniture markets of individual countries is in Tables W11 and W12 of Part 2 and in the map at the end of the Summary.


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PART II WORLD FURNITURE INDICATORS 2008


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WORLD TABLES


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WWOORRLLDD FFUURRNNIITTUURREE IINNDDIICCAATTOORRSS

Table W1 Overview of the world furniture industry (by developed countries/emerging countries)



per Capita US$ Million US$ Million US$ Million US$ Million Million US$

DEVELOPED COUNTRIES Major Industrial Countries France 10,804 3,029 7,496 15,270 63 241 Germany 23,664 9,975 10,113 23,803 82 289 Italy 27,655 12,482 2,398 17,570 59 300 United Kingdom 11,662 1,639 8,323 18,346 60 304 Subtotal E4 73,784 27,126 28,330 74,989 265 283 Canada 11,821 4,178 4,589 12,232 33 376 Japan 11,895 703 4,278 15,470 128 121 United States 66,606 3,583 25,996 89,019 299 298 Subtotal G7 164,106 35,590 63,194 191,710 724 265 Other Developed Countries 52,313 18,174 29,259 63,074 253 250 Total Developed Countries 216,419 53,764 92,453 254,785 976 261 EMERGING COUNTRIES Major Furniture Exporting Emerging Countries China 71,484 22,030 882 50,337 1,312 38 Poland 9,997 7,136 1,230 4,091 38 107 Vietnam 3,895 3,120 93 867 84 10 Malaysia 3,365 2,474 363 1,254 26 49 Other Emerging Countries 46,215 17,986 12,580 39,979 2,326 17 Total Emerging Countries 134,956 52,745 15,147 96,528 3,786 25 WORLD (60 COUNTRIES) 351,375 106,509 107,600 351,312 4,762 74 Sources: United Nations, World Bank, Eurostat, CSIL Furniture data are for the last available year (normally 2007) Population data are for 2006 (from the World Development Indicators 2007) Apparent consumption is valued at production prices (excluding markup)


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Table W2 Overview of the world furniture industry (by geographical regions)



per Capita US$ Million US$ Million US$ Million US$ Million Million US$

European Union (27), Norway and Switzerland 130,001 58,525 57,438 128,914 505 255 of which European Union (15) 106,558 41,420 47,525 112,663 390 289 New EU Members (12) 21,015 15,828 5,518 10,705 103 104 European Union (27) 127,573 57,248 53,043 123,368 493 250 Norway and Switzerland 2,428 1,277 4,395 5,546 12 455 Central-East Europe outside the EU and Russia 6,867 1,947 4,045 8,966 274 33 Asia and Pacific 122,584 34,868 11,460 98,853 3,139 31 of which China 71,484 22,030 882 50,337 1,312 38 Japan 11,895 703 4,278 15,470 128 121 Other Asia and Pacific 39,205 12,135 6,300 33,046 1,699 19 Middle East and Africa 3,913 1,003 2,601 4,681 165 28 North America 81,653 9,116 31,557 104,093 436 239 of which United States 66,606 3,583 25,996 89,019 299 298 Canada 11,821 4,178 4,589 12,232 33 376 Mexico 3,226 1,355 972 2,842 104 27 South America 6,357 1,050 499 5,806 244 24 WORLD TOTAL (60 COUNTRIES) 351,375 106,509 107,600 351,312 4,762 74 Sources: United Nations, World Bank, Eurostat, CSIL Furniture data are for the last available year (normally 2007) Population data are for 2006 (from the World Development Indicators 2007) Apparent consumption is valued at production prices (excluding markup)


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Table W3 FURNITURE EXPORTS, 60 Countries, alphabetical Furniture Exports

Furniture Production

Exports/ Production Population Per capita GNP Total GNP Country

US$ Million US$ Million % Million US$ US$ BillionArgentina 53 340 16 39 5150 201 Australia 75 4980 1 21 35990 738Austria 2172 3380 64 8 39590 326Belgium 2002 2422 83 11 40178 440Brazil 971 5527 18 189 4730 893Bulgaria 239 322 74 8 3990 31Canada 4178 11821 35 33 36170 1177Chile 27 491 5 16 6980 115China 22030 71484 31 1312 2010 2642Croatia 358 585 61 4 9330 41Cyprus 10 118 8 1 18430 14Czech Republic 2179 2872 76 10 12680 130Denmark 2793 3490 80 5 51700 281Egypt 193 773 25 75 1350 102Estonia 291 460 63 1 11410 15Finland 322 1798 18 5 40650 214France 3029 10804 28 63 36550 2298Germany 9975 23664 42 82 36620 3018Greece 57 1980 3 11 21690 241Hong Kong, China 369 n.a. n.a. 7 28460 200Hungary 1028 1477 70 10 10950 110India 520 10498 5 1110 820 907Indonesia 1908 2643 72 223 1420 316Ireland 125 653 19 4 45580 192Israel 29 1432 2 7 18580 129Italy 12482 27655 45 59 32020 1876Japan 703 11895 6 128 38410 4900Kuwait 54 136 40 3 30630 78Latvia 192 310 62 2 8100 19Lebanon 43 295 15 4 5490 22Lithuania 827 1069 77 3 7870 27Malaysia 2474 3365 74 26 5490 141Malta 6 54 12 0.4 13610 5Mexico 1355 3226 42 104 7870 820Netherlands 1451 3199 45 16 42670 699New Zealand 73 962 8 4 27250 112Norway 509 1250 41 5 66530 309Philippines 258 815 32 85 1420 120Poland 7136 9997 71 38 8190 312Portugal 1104 1887 58 11 18100 192Romania 1509 2053 73 22 4850 104Russia 340 2932 12 142 5780 822Saudi Arabia 48 164 29 24 12510 289Serbia 163 228 71 7 3910 29Singapore 179 271 66 4 29320 129Slovakia 981 1108 89 5 9870 53Slovenia 1429 1175 122 2 18890 38South Africa 516 1113 46 47 5390 255South Korea 616 6671 9 48 17690 857Spain 2012 10620 19 44 27570 1201Sweden 2256 3344 67 9 43580 394Switzerland 768 1178 65 8 57230 426Taiwan 1246 2621 48 23 15848 371Thailand 1297 2483 52 65 2990 194Turkey 867 2120 41 73 5400 394Ukraine 220 1002 22 47 1950 91United Arab Emirates 120 n.a. n.a. 5 23770 103United Kingdom 1639 11662 14 60 40180 2425United States 3583 66606 5 299 44970 13446Vietnam 3120 3895 80 84 690 58Sources: United Nations, World Bank, Eurostat, CSIL n.a.: not available Furniture data are for the last available year (normally 2007) Population and GNP data are for 2006 (from the World Development Indicators 2007) The exports/production and the imports/consumption ratios may exceed 100% for countries where there are large amounts of imports for re-export


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Table W4 FURNITURE EXPORTS, 60 Countries, ranking Furniture Exports

Furniture Production

Exports/ Production Population Per capita GNP Total GNP Country

US$ Million US$ Million % Million US$ US$ BillionChina 22030 71484 31 1312 2010 2642 Italy 12482 27655 45 59 32020 1876Germany 9975 23664 42 82 36620 3018Poland 7136 9997 71 38 8190 312Canada 4178 11821 35 33 36170 1177United States 3583 66606 5 299 44970 13446Vietnam 3120 3895 80 84 690 58France 3029 10804 28 63 36550 2298Denmark 2793 3490 80 5 51700 281Malaysia 2474 3365 74 26 5490 141Sweden 2256 3344 67 9 43580 394Czech Republic 2179 2872 76 10 12680 130Austria 2172 3380 64 8 39590 326Spain 2012 10620 19 44 27570 1201Belgium 2002 2422 83 11 40178 440Indonesia 1908 2643 72 223 1420 316United Kingdom 1639 11662 14 60 40180 2425Romania 1509 2053 73 22 4850 104Netherlands 1451 3199 45 16 42670 699Slovenia 1429 1175 122 2 18890 38Mexico 1355 3226 42 104 7870 820Thailand 1297 2483 52 65 2990 194Taiwan 1246 2621 48 23 15848 371Portugal 1104 1887 58 11 18100 192Hungary 1028 1477 70 10 10950 110Slovakia 981 1108 89 5 9870 53Brazil 971 5527 18 189 4730 893Turkey 867 2120 41 73 5400 394Lithuania 827 1069 77 3 7870 27Switzerland 768 1178 65 8 57230 426Japan 703 11895 6 128 38410 4900South Korea 616 6671 9 48 17690 857India 520 10498 5 1110 820 907South Africa 516 1113 46 47 5390 255Norway 509 1250 41 5 66530 309Hong Kong, China 369 n.a. n.a. 7 28460 200Croatia 358 585 61 4 9330 41Russia 340 2932 12 142 5780 822Finland 322 1798 18 5 40650 214Estonia 291 460 63 1 11410 15Philippines 258 815 32 85 1420 120Bulgaria 239 322 74 8 3990 31Ukraine 220 1002 22 47 1950 91Egypt 193 773 25 75 1350 102Latvia 192 310 62 2 8100 19Singapore 179 271 66 4 29320 129Serbia 163 228 71 7 3910 29Ireland 125 653 19 4 45580 192United Arab Emirates 120 n.a. n.a. 5 23770 103Australia 75 4980 1 21 35990 738New Zealand 73 962 8 4 27250 112Greece 57 1980 3 11 21690 241Kuwait 54 136 40 3 30630 78Argentina 53 340 16 39 5150 201Saudi Arabia 48 164 29 24 12510 289Lebanon 43 295 15 4 5490 22Israel 29 1432 2 7 18580 129Chile 27 491 5 16 6980 115Cyprus 10 118 8 1 18430 14Malta 6 54 12 0.4 13610 5Sources: United Nations, World Bank, Eurostat, CSIL n.a.: not available Furniture data are for the last available year (normally 2007) Population and GNP data are for 2006 (from the World Development Indicators 2007) The exports/production and the imports/consumption ratios may exceed 100% for countries where there are large amounts of imports for re-export


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Table W5 FURNITURE IMPORTS, 60 Countries, alphabetical Furniture Imports

Furniture Apparent

Consumption

Imports/ Apparent

Consumption Population Per capita GNP Total GNP Country

US$ Million US$ Million % Million US$ US$ BillionArgentina 99 386 26 39 5150 201 Australia 1811 6716 27 21 35990 738Austria 2363 3570 66 8 39590 326Belgium 3506 3927 89 11 40178 440Brazil 202 4758 4 189 4730 893Bulgaria 212 295 72 8 3990 31Canada 4589 12232 38 33 36170 1177Chile 197 661 30 16 6980 115China 882 50337 2 1312 2010 2642Croatia 438 666 66 4 9330 41Cyprus 188 297 63 1 18430 14Czech Republic 1187 1880 63 10 12680 130Denmark 1666 2364 70 5 51700 281Egypt 55 636 9 75 1350 102Estonia 128 297 43 1 11410 15Finland 569 2046 28 5 40650 214France 7496 15270 49 63 36550 2298Germany 10113 23803 42 82 36620 3018Greece 833 2757 30 11 21690 241Hong Kong, China 692 n.a. n.a. 7 28460 200Hungary 630 1079 58 10 10950 110India 359 10336 3 1110 820 907Indonesia 124 859 14 223 1420 316Ireland 827 1354 61 4 45580 192Israel 335 1739 19 7 18580 129Italy 2398 17570 14 59 32020 1876Japan 4278 15470 28 128 38410 4900Kuwait 162 243 67 3 30630 78Latvia 197 315 63 2 8100 19Lebanon 56 309 18 4 5490 22Lithuania 201 442 45 3 7870 27Malaysia 363 1254 29 26 5490 141Malta 61 109 56 0.4 13610 5Mexico 972 2842 34 104 7870 820Netherlands 2962 4710 63 16 42670 699New Zealand 310 1199 26 4 27250 112Norway 1693 2434 70 5 66530 309Philippines 94 651 14 85 1420 120Poland 1230 4091 30 38 8190 312Portugal 748 1532 49 11 18100 192Romania 551 1096 50 22 4850 104Russia 2294 4886 47 142 5780 822Saudi Arabia 563 679 83 24 12510 289Serbia 132 197 67 7 3910 29Singapore 564 656 86 4 29320 129Slovakia 270 397 68 5 9870 53Slovenia 662 409 162 2 18890 38South Africa 479 1076 45 47 5390 255South Korea 1358 7414 18 48 17690 857Spain 3518 12126 29 44 27570 1201Sweden 2201 3289 67 9 43580 394Switzerland 2702 3112 87 8 57230 426Taiwan 350 1725 20 23 15848 371Thailand 182 1368 13 65 2990 194Turkey 629 1882 33 73 5400 394Ukraine 551 1334 41 47 1950 91United Arab Emirates 951 n.a. n.a. 5 23770 103United Kingdom 8323 18346 45 60 40180 2425United States 25996 89019 29 299 44970 13446Vietnam 93 867 11 84 690 58Sources: United Nations, World Bank, Eurostat, CSIL n.a.: not available Furniture data are for the last available year (normally 2007) Population and GNP data are for 2006 (from the World Development Indicators 2007) The exports/production and the imports/consumption ratios may exceed 100% for countries where there are large amounts of imports for re-export


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Table W6 FURNITURE IMPORTS, 60 Countries, ranking Furniture Imports

Furniture Apparent

Consumption

Imports/ Apparent

Consumption Population Per capita GNP Total GNP Country

US$ Million US$ Million % Million US$ US$ BillionUnited States 25996 89019 29 299 44970 13446 Germany 10113 23803 42 82 36620 3018United Kingdom 8323 18346 45 60.4 40180 2425France 7496 15270 49 63 36550 2298Canada 4589 12232 38 33 36170 1177Japan 4278 15470 28 128 38410 4900Spain 3518 12126 29 44 27570 1201Belgium 3506 3927 89 11 40178 440Netherlands 2962 4710 63 16 42670 699Switzerland 2702 3112 87 8 57230 426Italy 2398 17570 14 59 32020 1876Austria 2363 3570 66 8 39590 326Russia 2294 4886 47 142 5780 822Sweden 2201 3289 67 9 43580 394Australia 1811 6716 27 21 35990 738Norway 1693 2434 70 5 66530 309Denmark 1666 2364 70 5 51700 281South Korea 1358 7414 18 48 17690 857Poland 1230 4091 30 38 8190 312Czech Republic 1187 1880 63 10 12680 130Mexico 972 2842 34 104 7870 820United Arab Emirates 951 n.a. n.a. 5 23770 103China 882 50337 2 1312 2010 2642Greece 833 2757 30 11 21690 241Ireland 827 1354 61 4 45580 192Portugal 748 1532 49 11 18100 192Hong Kong, China 692 n.a. n.a. 7 28460 200Slovenia 662 409 162 2 18890 38Hungary 630 1079 58 10 10950 110Turkey 629 1882 33 73 5400 394Finland 569 2046 28 5 40650 214Singapore 564 656 86 4 29320 129Saudi Arabia 563 679 83 24 12510 289Ukraine 551 1334 41 47 1950 91Romania 551 1096 50 22 4850 104South Africa 479 1076 45 47 5390 255Croatia 438 666 66 4 9330 41Malaysia 363 1254 29 26 5490 141India 359 10336 3 1110 820 907Taiwan 350 1725 20 23 15848 371Israel 335 1739 19 7 18580 129New Zealand 310 1199 26 4 27250 112Slovakia 270 397 68 5 9870 53Bulgaria 212 295 72 8 3990 31Brazil 202 4758 4 189 4730 893Lithuania 201 442 45 3 7870 27Latvia 197 315 63 2 8100 19Chile 197 661 30 16 6980 115Cyprus 188 297 63 1 18430 14Thailand 182 1368 13 65 2990 194Kuwait 162 243 67 3 30630 78Serbia 132 197 67 7 3910 29Estonia 128 297 43 1 11410 15Indonesia 124 859 14 223 1420 316Argentina 99 386 26 39 5150 201Philippines 94 651 14 85 1420 120Vietnam 93 867 11 84 690 58Malta 61 109 56 0 13610 5Lebanon 56 309 18 4 5490 22Egypt 55 636 9 75 1350 102Sources: United Nations, World Bank, Eurostat, CSIL n.a.: not available Furniture data are for the last available year (normally 2007) Population and GNP data are for 2006 (from the World Development Indicators 2007) The exports/production and the imports/consumption ratios may exceed 100% for countries where there are large amounts of imports for re-export


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Table W7 THE OPENING OF FURNITURE MARKETS. Growth of exports, 1998-2007, 40 major exporting countries

Furniture Exports US$ Million Country

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

China 2,189 2,705 3,560 3,953 5,350 7,278 10,133 13,451 17,059 22,030 Italy 8,509 8,160 8,189 8,213 8,492 9,531 10,650 10,338 10,663 12,482 Germany 4,268 4,487 4,530 4,540 4,819 5,793 6,970 7,375 8,440 9,975 Poland 1,847 1,885 2,105 2,386 2,756 3,698 4,730 5,310 5,929 7,136 Canada 3,279 3,796 4,465 4,068 4,027 4,091 4,269 4,419 4,457 4,178 United States 2,426 2,380 2,826 2,403 2,138 2,351 2,662 2,908 3,204 3,583 Vietnam 221 304 398 431 580 856 1,293 1,931 2,385 3,120 France 2,063 2,117 2,084 1,926 1,935 2,206 2,464 2,445 2,634 3,029 Denmark 1,887 1,843 1,728 1,681 1,863 2,224 2,537 2,443 2,493 2,793 Malaysia 1,088 1,361 1,552 1,344 1,452 1,577 1,851 1,973 2,198 2,474 Sweden 1,224 1,213 1,209 1,074 1,132 1,327 1,549 1,620 1,834 2,256 Czech Republic 612 721 750 877 1,028 1,205 1,515 1,782 1,860 2,179 Austria 965 1,084 1,065 1,259 1,406 1,819 1,961 1,778 1,781 2,172 Spain 1,428 1,326 1,402 1,395 1,381 1,592 1,694 1,724 1,703 2,012 Belgium 1,576 1,497 1,402 1,415 1,444 1,595 1,736 1,710 1,703 2,002 Indonesia 354 1,231 1,508 1,414 1,502 1,558 1,651 1,835 1,843 1,908 United Kingdom 1,350 1,324 1,226 1,144 1,079 1,129 1,311 1,336 1,456 1,639 Romania 433 419 441 497 610 776 1,015 1,099 1,205 1,509 Netherlands 746 787 739 651 742 937 1,071 1,177 1,286 1,451 Slovenia 553 601 574 618 701 860 1,084 1,214 1,298 1,429 Mexico 1,020 1,124 1,240 1,073 1,121 1,182 1,322 1,463 1,438 1,355 Thailand 597 756 913 828 912 993 1,149 1,203 1,151 1,297 Taiwan 1,533 1,666 1,699 1,254 1,143 1,135 1,185 1,194 1,191 1,246 Portugal 324 321 323 386 461 729 921 851 868 1,104 Hungary 447 522 525 586 649 782 871 865 944 1,028 Slovakia 187 172 199 272 357 477 572 645 721 981 Brazil 335 383 486 478 531 661 939 988 942 971 Turkey 80 98 130 143 213 341 465 558 642 867 Lithuania 74 83 113 136 205 340 452 520 631 827 Switzerland 515 541 535 450 405 487 566 617 642 768 Japan 170 195 282 257 287 327 422 506 574 703 South Korea 169 166 197 174 175 207 270 410 577 616 India 102 137 164 179 208 262 354 395 433 520 South Africa 434 438 396 388 435 530 620 529 475 516 Norway 288 297 297 285 291 320 383 387 451 509 Hong Kong, China 785 910 1,030 964 1,061 910 749 498 426 369 Croatia 102 99 100 120 139 169 211 231 291 358 Russia 49 59 83 91 91 132 191 222 264 340 Finland 281 238 229 207 232 277 311 268 262 322 Estonia 102 108 113 143 167 211 234 233 251 291 Source: CSIL processing of official data


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Table W8 THE OPENING OF FURNITURE MARKETS. Growth of imports, 1998-2007, 40 major importing countries

Furniture Imports US$ Million Country

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

United States 10,275 12,604 14,970 14,624 16,781 18,718 21,406 23,763 25,440 25,996 Germany 6,674 6,487 6,286 6,134 6,309 7,874 8,819 9,011 9,555 10,113 United Kingdom 2,646 2,932 3,245 3,411 4,284 5,375 6,772 6,730 7,232 8,323 France 3,070 3,318 3,396 3,393 3,629 4,572 5,560 6,079 6,380 7,496 Canada 1,603 1,739 2,061 2,068 2,258 2,551 3,046 3,482 4,068 4,589 Japan 2,021 2,252 2,801 2,817 2,760 3,145 3,773 3,899 4,062 4,278 Spain 671 696 847 886 983 1,470 2,035 2,315 2,501 3,518 Belgium 1,987 1,994 1,899 1,914 1,892 2,222 2,612 2,883 2,961 3,506 Netherlands 1,795 1,808 1,737 1,664 1,704 1,992 2,282 2,443 2,570 2,962 Switzerland 1,523 1,585 1,490 1,431 1,502 1,748 1,970 2,115 2,250 2,702 Italy 707 831 861 859 924 1,163 1,498 1,701 1,968 2,398 Austria 1,278 1,369 1,367 1,472 1,420 1,800 2,025 1,888 1,862 2,363 Russia 801 492 553 614 638 783 1,064 1,297 1,682 2,294 Sweden 763 852 851 822 978 1,224 1,400 1,450 1,648 2,201 Australia 422 522 654 530 679 872 1,192 1,342 1,520 1,811 Norway 702 670 658 653 752 884 1,048 1,200 1,345 1,693 Denmark 672 648 648 619 688 924 1,014 1,136 1,330 1,666 South Korea 102 150 219 233 366 485 554 798 1,113 1,358 Poland 317 349 349 382 403 592 704 826 932 1,230 Czech Republic 288 317 313 328 386 506 700 824 973 1,187 Mexico 364 395 528 558 513 542 560 677 843 972 United Arab Emirates 280 229 279 288 306 368 465 575 676 951 China 86 96 151 174 194 347 457 479 596 882 Greece 209 235 242 220 259 365 584 541 615 833 Ireland 241 265 282 271 307 374 499 579 718 827 Portugal 295 326 302 306 348 430 544 552 579 748 Hong Kong, China 978 1,120 1,243 1,155 1,180 1,042 930 783 698 692 Slovenia 122 131 116 125 147 187 283 432 533 662 Hungary 189 223 249 239 312 397 492 502 547 630 Turkey 172 143 177 107 109 149 258 335 471 629 Finland 236 263 259 251 270 325 363 403 460 569 Singapore 327 368 420 338 305 318 309 376 440 564 Saudi Arabia 257 233 288 280 311 326 366 446 503 563 Ukraine 200 143 140 164 178 205 251 270 362 551 Romania 51 48 64 78 95 134 186 277 364 551 South Africa 68 99 100 105 122 151 227 345 431 479 Croatia 117 99 105 135 185 244 276 296 366 438 Malaysia 51 64 95 97 162 186 281 303 330 363 India 11 23 41 41 45 79 116 159 229 359 Taiwan 251 253 275 217 203 213 281 317 315 350 Source: CSIL processing of official data


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Table W9 WORLD FURNITURE TRADE. Destination of Exports

Furniture exports Destination 1 Destination 2 Destination 3 Destination 4 Destination 5

Country US$ million

China 22030 USA 42% UK 7% Japan 6% Hong Kong 5% Canada 4% Italy 12482 France 14% UK 12% Germany 11% USA 8% Russia 8%Germany 9975 Netherlands 13% France 12% Austria 10% Switzerland 10% UK 8%Poland 7136 Germany 35% France 9% UK 6% Czech Rep. 6% Belgium 5%Canada 4178 USA 95% Mexico 2% UK 1% USA 3583 Canada 54% Mexico 8% UK 5% Japan 3% China 3%Vietnam 3120 USA 40% Japan 11% UK 8% France 7% Germany 6%France 3029 Spain 19% Germany 11% Belgium 9% UK 8% USA 7%Denmark 2793 Germany 20% Norway 15% Sweden 11% UK 11% France 9%Malaysia 2474 USA 27% Japan 9% Australia 8% UK 7% Singapore 5%Sweden 2256 Norway 31% Denmark 12% Finland 9% UK 8% Germany 8%Czech Rep 2179 Germany 43% UK 10% Belgium 8% Slovakia 6% Poland 5%Austria 2172 Germany 35% Italy 11% Switzerland 8% UK 5% Russia 4%Spain 2012 France 30% Portugal 13% UK 7% Italy 6% Germany 5%Belgium 2002 Netherlands 34% France 32% Germany 10% UK 7% Spain 2%Indonesia 1908 USA 29% Japan 10% Netherlands 7% France 6% UK 6%UK 1639 Ireland 34% USA 12% France 9% Germany 6% Belgium 4%Romania 1509 France 19% Germany 18% Italy 12% UK 8% Austria 6%Netherlands 1451 Germany 26% Belgium 23% UK 11% France 7% Switzerland 3%Slovenia 1429 Germany 39% Austria 7% Slovakia 7% Croatia 6% Russia 6%Mexico 1355 USA 83% Canada 12% Spain 1% Germany 1% Colombia 1%Thailand 1297 USA 26% Japan 23% UK 12% Australia 5% Italy 3%Taiwan 1246 USA 38% Japan 16% UK 6% Germany 5% China 3%Portugal 1104 Spain 38% France 33% Angola 8% Sweden 6% Czech Rep. 2%Hungary 1028 Germany 61% Austria 10% UK 4% Italy 3% Poland 3%Slovakia 981 Germany 34% UK 10% Czech Rep. 9% France 7% USA 6%Brazil 971 USA 27% France 10% Argentina 8% UK 8% Spain 6%Turkey 867 Germany 10% Iraq 9% France 7% Netherlands 6% Greece 6%Lithuania 827 Sweden 16% Germany 14% UK 14% France 8% Denmark 8%Switzerland 768 Germany 39% Italy 16% Austria 8% France 7% Netherlands 4%Japan 703 China 27% UK 14% Thailand 9% Mexico 7% South Korea 4%South Korea 616 China 46% USA 16% Japan 7% Kazakhstan 3% Uzbekistan 2%India 520 USA 28% UK 12% France 11% Italy 7% Spain 6%South Africa 516 Germany 65% UK 6% USA 4% Spain 4% Canada 4%Norway 509 Germany 16% Sweden 15% USA 13% Denmark 12% UK 9%Hong Kong 369 USA 33% China 17% Japan 14% Australia 4% UK 4%Croatia 358 Germany 33% Italy 15% Slovenia 14% France 8% UK 5%Russia 340 Kazakhstan 39% Germany 16% France 6% Ukraine 6% Italy 4%Finland 322 Sweden 28% Russia 13% Germany 8% USA 7% Norway 6%Estonia 291 Finland 35% Sweden 19% Denmark 9% Norway 8% Germany 7%Philippines 258 USA 62% Japan 9% Australia 3% UK 2% Italy 2%Bulgaria 239 Germany 13% Italy 13% UK 12% USA 11% France 11%Ukraine 220 Russia 37% Germany 9% Kazakhstan 7% France 6% Moldova 5%Egypt 193 Saudi Arabia 33% Un Ar Emir 9% Jordan 7% Libya 5% Morocco 4%Latvia 192 Germany 17% Denmark 16% UK 10% Sweden 9% Russia 8%Singapore 179 Indonesia 19% Malaysia 12% India 10% USA 8% Japan 6%Serbia 163 Montenegro 20% Bosnia Herz 16% Slovenia 10% Croatia 9% Italy 8%Ireland 125 UK 87% USA 4% Spain 2% Czech Rep. 1% Germany 1%Australia 75 NewZealand 34% USA 16% Singapore 7% UK 5% Hong Kong 4%New Zealand 73 Australia 71% USA 12% Fiji 3% Hong Kong 2% West. Samoa 2%Greece 57 Cyprus 30% Bulgaria 14% Germany 13% Romania 7% Albania 5%Kuwait 54 Saudi Arabia 64% Qatar 12% Bahrain 6% Lebanon 4% Syria 3%Argentina 53 Chile 22% USA 21% Colombia 10% Uruguay 8% Spain 5%Saudi Arabia 48 Sudan 15% Qatar 12% Sri Lanka 8% Bahrain 7% Un Ar Emir 6%Lebanon 43 USA 27% Un Ar Emir 17% Saudi Arabia 16% Qatar 6% Syria 5%Israel 29 USA 43% UK 11% South Korea 5% France 4% Russia 4%Chile 27 USA 77% Argentina 6% Peru 4% Ecuador 3% Canada 2%Cyprus 10 UK 25% Greece 21% Saudi Arabia 21% Un Ar Emir 6% Romania 4%Malta 6 UK 39% Libya 35% France 11% Belgium 9% Germany 4%Sources: UN, Eurostat, CSIL - Data are for the last available year (normally 2007) Destinations of exports from the United Arab Emirates are not available


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Table W10 WORLD FURNITURE TRADE. Origin of Imports

Furniture imports Origin 1 Origin 2 Origin 3 Origin 4 Origin 5 Country

US$ million USA 25996 China 54% Canada 14% Vietnam 5% Mexico 4% Italy 4% Germany 10113 Poland 21% China 11% Italy 10% Czech Rep. 7% Austria 6%UK 8323 China 29% Italy 15% Germany 10% Poland 5% Vietnam 3%France 7496 Italy 20% Germany 14% China 10% Poland 8% Belgium 7%Canada 4589 China 35% USA 31% Mexico 13% Italy 2% Malaysia 2%Japan 4278 China 49% Thailand 7% Vietnam 6% Mexico 6% Taiwan 6%Spain 3518 China 21% France 15% Italy 13% Germany 13% Portugal 10%Belgium 3506 Germany 25% Netherlands 12% China 11% Italy 10% France 9%Netherlands 2962 Germany 27% China 21% Belgium 16% Indonesia 6% Poland 5%Switzerland 2702 Germany 41% Italy 20% France 8% Austria 6% Poland 4%Italy 2398 China 21% Germany 14% Romania 9% Austria 9% Poland 6%Austria 2363 Germany 50% Italy 13% Poland 5% Hungary 4% Slovenia 4%Russia 2294 Italy 43% Germany 11% China 11% Poland 5% Austria 4%Sweden 2201 China 16% Poland 14% Denmark 13% Germany 10% Italy 6%Australia 1811 China 52% Malaysia 9% Italy 6% Vietnam 4% Indonesia 4%Norway 1693 Sweden 30% Denmark 21% China 10% Poland 7% Italy 6%Denmark 1666 China 21% Sweden 18% Norway 12% Germany 8% Italy 7%South Korea 1358 China 73% Italy 6% Vietnam 5% Germany 4% Japan 2%Poland 1230 Germany 29% China 15% Italy 8% Czech Rep. 6% France 6%Czech Rep. 1187 Poland 34% Germany 28% Slovakia 6% Italy 6% China 5%Mexico 972 USA 45% China 26% Italy 5% Spain 4% Canada 3%United Ar Emir 951 China 26% Italy 18% Malaysia 13% France 6% USA 5%China 882 Germany 19% Japan 19% USA 9% Italy 9% South Korea 7%Greece 833 Italy 35% China 21% Turkey 7% Germany 6% Spain 3%Ireland 827 UK 41% China 19% Italy 9% Germany 5% Vietnam 4%Portugal 748 Spain 34% France 24% Germany 11% Italy 11% Netherlands 5%Hong Kong 692 China 79% Italy 4% Germany 3% USA 2% Malaysia 2%Slovenia 662 Croatia 29% Bosnia Herz 18% Germany 14% Italy 10% Austria 7%Hungary 630 Germany 30% Poland 22% Austria 10% Italy 9% Slovenia 5%Turkey 629 China 23% Italy 16% Germany 10% France 9% Poland 6%Finland 569 Sweden 32% Estonia 19% China 11% Italy 6% Germany 4%Singapore 564 Malaysia 28% China 24% Italy 9% USA 6% Germany 5%Saudi Arabia 563 China 44% Italy 11% USA 6% Malaysia 5% Egypt 3%Ukraine 551 Italy 43% Poland 18% China 9% Germany 6% Russia 5%Romania 551 Italy 24% Poland 21% China 10% Turkey 8% Germany 7%South Africa 479 China 40% Germany 14% Italy 4% Malaysia 4% Indonesia 4%Croatia 438 Italy 28% Slovenia 17% Poland 9% Bosnia Herz 8% China 7%Malaysia 363 China 26% Poland 9% Italy 7% Thailand 6% Japan 6%India 359 Malaysia 28% China 20% Italy 10% Singapore 7% Germany 6%Taiwan 350 China 49% Vietnam 8% Japan 8% Italy 7% Indonesia 6%Israel 335 China 24% Italy 24% USA 6% Germany 6% Turkey 6%New Zealand 310 China 51% Australia 9% Vietnam 8% Malaysia 8% Italy 5%Slovakia 270 Poland 26% Czech Rep. 18% Slovenia 14% Germany 14% Austria 7%Bulgaria 212 Italy 22% Poland 22% Germany 12% China 11% Turkey 9%Brazil 202 Germany 20% USA 17% China 15% France 9% Italy 7%Lithuania 201 Poland 32% Italy 14% Germany 8% China 7% Sweden 7%Latvia 197 Poland 23% Italy 15% Lithuania 12% China 9% Estonia 6%Chile 197 Brazil 28% China 25% Argentina 10% Malaysia 8% Italy 5%Cyprus 188 Italy 35% China 19% Greece 10% Malaysia 6% Spain 5%Thailand 182 Japan 35% China 27% Malaysia 6% USA 5% Germany 4%Kuwait 162 USA 20% Italy 20% China 15% Malaysia 11% Germany 4%Serbia 132 Italy 23% China 15% Slovenia 10% Bosnia Herz. 10% Croatia 6%Estonia 128 Finland 17% Poland 12% China 12% Italy 11% Lithuania 8%Indonesia 124 China 44% Thailand 19% Singapore 12% Japan 11% Malaysia 4%Argentina 99 Brazil 42% China 25% Uruguay 7% USA 4% Chile 4%Philippines 94 China 25% Malaysia 13% Thailand 10% South Korea 8% Taiwan 8%Vietnam 93 China 44% Japan 18% Thailand 12% Taiwan 7% Malaysia 5%Malta 61 Italy 62% China 14% Germany 3% UK 3% Spain 3%Lebanon 56 China 25% Italy 20% France 7% Egypt 5% Germany 5%Egypt 55 China 46% Un Ar Emir 8% Italy 6% Japan 5% USA 5%Sources: UN, Eurostat, CSIL - Data are for the last available year (normally 2007)


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WWOORRLLDD FFUURRNNIITTUURREE IINNDDIICCAATTOORRSS Table W11 Furniture market outlook 2008 and 2009, alphabetical order

Change forecasts, in real terms Furniture consumption

Country 2008 2009 Argentina 5% 4% Australia 3% 3% Austria 1% 2% Belgium 1% 1% Brazil 4% 3% Bulgaria 3% 4% Canada 3% 2% Chile 4% 4% China 7% 7% Croatia 4% 4% Cyprus 4% 3% Czech Republic 3% 4% Denmark 2% 2% Egypt 5% 5% Estonia 1% 2% Finland 2% 2% France 2% 2% Germany 1% 1% Greece 2% 2% Hong Kong 5% 5% Hungary 0% 2% India 6% 6% Indonesia 4% 4% Ireland 2% 1% Israel 5% 4% Italy 1% 1% Japan 1% 1% Kuwait 5% 5% Latvia 0% 0% Lebanon 1% 1% Lithuania 6% 6% Malaysia 5% 6% Malta 2% 2% Mexico 3% 3% Netherlands 2% 1% New Zealand 2% 2% Norway 3% 2% Philippines 4% 4% Poland 4% 4% Portugal 1% 1% Romania 6% 4% Russia 9% 9% Saudi Arabia 5% 5% Serbia 4% 4% Size of furniture market (at retail prices) Singapore 4% 4% Slovakia 5% 4% Above US$ 10 billion Slovenia 2% 3% South Africa 4% 5% Between US$ 5 billion and US$ 10 billion South Korea 3% 3% Spain 0% 0% Between US$ 2 billion and US$ 5 billion Sweden 2% 2% Switzerland 1% 1% Between US$ 1 billion and US$ 2 billion Taiwan 3% 3% Thailand 3% 3% Below US$ 1 billion Turkey 3% 3% Ukraine 7% 6% Not available United Arab Emirates 5% 5% United Kingdom 1% 1% United States 0% 0% Vietnam 5% 6% Source: CSIL


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WWOORRLLDD FFUURRNNIITTUURREE IINNDDIICCAATTOORRSS Table W12 Furniture market outlook 2008 and 2009. Ranking by size of furniture market

Change forecasts, in real terms Furniture consumption *

Country 2008 2009 United States 0% 0% China 7% 7% Germany 1% 1% United Kingdom 1% 1% Italy 1% 1% Japan 1% 1% France 2% 2% Canada 3% 2% Spain 0% 0% India 6% 6% South Korea 3% 3% Australia 3% 3% Russia 9% 9% Netherlands 2% 1% Poland 4% 4% Belgium 1% 1% Brazil 4% 3% Austria 1% 2% Sweden 2% 2% Switzerland 1% 1% Mexico 3% 3% Greece 2% 2% Norway 3% 2% Denmark 2% 2% Finland 2% 2% Turkey 3% 3% Czech Republic 3% 4% Israel 5% 4% Taiwan 3% 3% Portugal 1% 1% Thailand 3% 3% Ireland 2% 1% Ukraine 7% 6% Malaysia 5% 6% New Zealand 2% 2% Romania 6% 4% Hungary 0% 2% South Africa 4% 5% Vietnam 5% 6% Indonesia 4% 4% Saudi Arabia 5% 5% Croatia 4% 4% Chile 4% 4% Singapore 4% 4% Size of furniture market (at retail prices) Philippines 4% 4% Egypt 5% 5% Above US$ 10 billion Lithuania 6% 6% Slovenia 2% 3% Between US$ 5 billion and US$ 10 billion Slovakia 5% 4% Argentina 5% 4% Between US$ 2 billion and US$ 5 billion Latvia 0% 0% Lebanon 1% 1% Between US$ 1 billion and US$ 2 billion Estonia 1% 2% Cyprus 4% 3% Below US$ 1 billion Bulgaria 3% 4% Kuwait 5% 5% Not available Serbia 4% 4% Malta 2% 2% United Arab Emirates 5% 5% Hong Kong 5% 5% Source: CSIL


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COUNTRY TABLES


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WORLD FURNITURE INDICATORS ARGENTINA TTAABBLLEE CC11

The furniture sector. Million of US$ 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Ranking**

Production 1150 1010 854 773 175 212 222 258 306 340 49 Exports 23 22 25 23 26 33 41 46 52 53 54 Imports 123 124 133 106 8 20 41 58 75 99 55 Consumption* 1250 1112 962 857 158 199 223 270 329 386 50 * Apparent consumption = Production – Exports + Imports ** Ranking of Argentina among 60 countries, last available year Sources: CSIL, UN, Federacìon Argentina de la Industria Maderera y Afines

Economic indicators Value Ranking*

Population Million 39 22 Area Thousand Square Km 2780 8 Total GNP US$ billion 201 31 Per capita GNP US$ 5150 48 Household Consumption Expenditure US$ billion 133 27 Data at Purchasing Power Parity (PPP)

Total GNP at PPP US$ billion 602 20 Per Capita GNP at PPP US$ 15390 37

Source: World Bank, last available year (normally 2006) * Ranking of Argentina among 60 countries, last available year

Real growth of furniture consumption. Forecasts 2008 2009 5% 4%

Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

ARS per US$ 1.00 1.00 1.00 3.11 2.94 2.94 2.92 3.07 3.12 ARS per EUR 1.06 0.92 0.90 2.94 3.33 3.66 3.64 3.86 4.27 Sources: Bank of Italy, US Federal Reserve

Main furniture trading partners of Argentina Origin of furniture imports Destination of furniture exports

Brazil 41.7% Chile 22.2% China 24.6% United States 20.5% Uruguay 7.3% Colombia 9.8% United States 4.1% Uruguay 8.4% Chile 3.9% Spain 5.3% Italy 3.6% Peru 4.7% Indonesia 2.4% Venezuela 4.2% Spain 1.7% Mexico 4.1% Peru 1.5% Brazil 2.9% Canada 1.5% Panama 2.4%

Source: CSIL. Data are for the last available year


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WORLD FURNITURE INDICATORS AUSTRALIA TTAABBLLEE CC22


Production 2669 2839 2603 2374 2741 3459 3941 4193 4173 4980 14 Exports 53 71 59 66 78 86 83 86 91 75 50 Imports 422 522 654 530 679 872 1192 1342 1520 1811 15 Consumption* 3039 3290 3198 2839 3342 4245 5049 5449 5602 6716 12 * Apparent consumption = Production – Exports + Imports ** Ranking of Australia among 60 countries, last available year Sources: CSIL, UN




Source: World Bank, last available year (normally 2006) * Ranking of Australia among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

AUD per US$ 1.55 1.72 1.93 1.84 1.53 1.36 1.31 1.33 1.19 AUD per EUR 1.65 1.59 1.73 1.74 1.74 1.69 1.63 1.67 1.63 Source: US Federal Reserve

Main furniture trading partners of Australia Origin of furniture imports Destination of furniture exports

China 51.8% New Zealand 33.8% Malaysia 9.3% United States 16.4% Italy 5.5% Singapore 7.0% Vietnam 4.0% United Kingdom 4.9% Indonesia 3.7% Hong Kong 3.8% Thailand 3.4% Japan 3.5% Germany 2.6% United Arab Emirates 2.6% New Zealand 2.6% China 2.3% United States 2.5% Germany 2.1% Taiwan 2.4% Malaysia 1.7%



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WORLD FURNITURE INDICATORS AUSTRIA TTAABBLLEE CC33


Production 2295 2201 1912 1857 1954 2365 2687 2691 3039 3380 17 Exports 965 1084 1065 1259 1406 1819 1961 1778 1781 2172 13 Imports 1278 1369 1367 1472 1420 1800 2025 1888 1862 2363 12 Consumption* 2609 2486 2214 2070 1968 2346 2750 2801 3120 3570 18 * Apparent consumption = Production – Exports + Imports ** Ranking of Austria among 60 countries, last available year Sources: CSIL, Eurostat, Central Statistical Office




Source: World Bank, last available year (normally 2006) * Ranking of Austria among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

EUR per US$ 0.94 1.08 1.12 1.06 0.88 0.80 0.80 0.80 0.73 Source: US Federal Reserve

Main furniture trading partners of Austria Origin of furniture imports Destination of furniture exports

Germany 50.1% Germany 35.2% Italy 13.1% Italy 10.5% Poland 4.6% Switzerland 8.0% Hungary 3.7% United Kingdom 5.3% Slovenia 3.5% Russia 4.0% Switzerland 3.1% Poland 3.5% Romania 3.1% France 3.1% Czech Republic 3.0% Hungary 2.8% China 2.8% Japan 2.6% Slovakia 2.0% Czech Republic 2.5%



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WORLD FURNITURE INDICATORS BELGIUM TTAABBLLEE CC44


Production 2117 2010 1794 1783 1756 1952 2116 2119 2155 2422 27 Exports 1576 1497 1402 1415 1444 1595 1736 1710 1703 2002 15 Imports 1987 1994 1899 1914 1892 2222 2612 2883 2961 3506 8 Consumption* 2527 2507 2291 2282 2203 2579 2991 3292 3414 3927 17 * Apparent consumption = Production – Exports + Imports ** Ranking of Belgium among 60 countries, last available year Sources: CSIL, Eurostat Furniture Industry data include data for Luxembourg




Source: World Bank, last available year (normally 2006) * Ranking of Belgium among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007


Main furniture trading partners of Belgium Origin of furniture imports Destination of furniture exports

Germany 24.7% Netherlands 33.8% Netherlands 12.1% France 31.9% China 10.5% Germany 9.7% Italy 9.6% United Kingdom 6.5% France 8.5% Spain 2.1% Poland 6.7% United States 1.7% Czech Republic 4.2% China 1.6% Indonesia 3.3% South Africa 1.3% United Kingdom 2.8% Russia 1.2% Sweden 2.4% Italy 1.1%



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WORLD FURNITURE INDICATORS BRAZIL TTAABBLLEE CC55


Production 5506 3487 4175 3580 2997 3110 3703 4290 5019 5527 13 Exports 335 383 486 478 531 661 939 988 942 971 27 Imports 174 124 124 107 84 75 97 109 135 202 45 Consumption* 5344 3228 3813 3209 2550 2524 2861 3411 4212 4758 14 * Apparent consumption = Production – Exports + Imports ** Ranking of Brazil among 60 countries, last available year Sources: CSIL, UN, Abimovel




Source: World Bank, last available year (normally 2006) * Ranking of Brazil among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

BRL per US$ 1.82 1.83 2.35 2.92 3.08 2.93 2.44 2.17 1.95 BRL per EUR 1.94 1.69 2.11 2.76 3.48 3.64 3.03 2.73 2.67 Source: US Federal Reserve

Main furniture trading partners of Brazil Origin of furniture imports Destination of furniture exports

Germany 19.8% United States 26.8% United States 17.0% France 9.9% China 14.9% Argentina 8.2% France 9.2% United Kingdom 8.1% Italy 7.4% Spain 5.9% Japan 7.4% Angola 4.5% Spain 6.2% Chile 4.3% Poland 4.0% Germany 3.8% Argentina 1.6% Netherlands 3.4% Taiwan 1.4% Uruguay 2.0%



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WORLD FURNITURE INDICATORS BULGARIA TTAABBLLEE CC66


Production 83 89 93 101 139 210 269 271 269 322 50 Exports 36 41 51 56 81 119 164 179 196 239 42 Imports 15 21 24 26 33 48 70 100 135 212 44 Consumption* 63 69 66 72 92 139 175 192 208 295 55 * Apparent consumption = Production – Exports + Imports ** Ranking of Bulgaria among 60 countries, last available year Sources: CSIL, UN, Branch Chamber of Woodworking and Furniture Industry




Source: World Bank, last available year (normally 2006) * Ranking of Bulgaria among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

BGN per US$ 1.86 2.12 2.18 2.07 1.73 1.57 1.57 1.56 1.43 BGN per EUR 1.98 1.95 1.95 1.96 1.95 1.95 1.96 1.96 1.96 Sources: Bank of Italy, US Federal Reserve

Main furniture trading partners of Bulgaria Origin of furniture imports Destination of furniture exports

Italy 22.0% Germany 13.3% Poland 21.7% Italy 12.9% Germany 11.9% United Kingdom 11.9% China 10.8% United States 10.9% Turkey 8.7% France 10.8% Greece 5.2% Greece 8.4% Romania 3.1% Sweden 4.9% France 1.9% Austria 2.8% Austria 1.7% Netherlands 2.8% Spain 1.5% Poland 2.8%



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WORLD FURNITURE INDICATORS CANADA TTAABBLLEE CC77


Production 5508 6771 7819 7733 8128 8978 9405 10117 10608 11821 6 Exports 3279 3796 4465 4068 4027 4091 4269 4419 4457 4178 5 Imports 1603 1739 2061 2068 2258 2551 3046 3482 4068 4589 5 Consumption* 3832 4714 5416 5732 6359 7438 8182 9180 10219 12232 8 * Apparent consumption = Production – Exports + Imports ** Ranking of Canada among 60 countries, last available year Sources: CSIL, UN, Statistics Canada The increase in production and consumption of furniture in 2007 is mostly due to substantial increases in the office furniture segment (data are from Statistics Canada)




Source: World Bank, last available year (normally 2006) * Ranking of Canada among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

CAD per US$ 1.49 1.49 1.55 1.57 1.40 1.30 1.21 1.13 1.07 CAD per EUR 1.58 1.37 1.39 1.48 1.59 1.62 1.51 1.42 1.47 Source: US Federal Reserve

Main furniture trading partners of Canada Origin of furniture imports Destination of furniture exports

China 34.6% United States 94.5% United States 30.8% Mexico 1.6% Mexico 12.7% United Kingdom 0.8% Italy 2.4% Japan 0.3% Malaysia 2.4% Bermuda 0.2% Vietnam 2.1% Austria 0.2% Poland 1.9% China 0.2% Germany 1.6% United Arab Emirates 0.2% Taiwan 1.4% Trinidad and Tobago 0.1% Indonesia 1.2% Malaysia 0.1%



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WORLD FURNITURE INDICATORS CHILE TTAABBLLEE CC88


Production 345 327 326 311 334 357 397 425 445 491 e 47 Exports 52 57 56 58 57 53 56 59 47 27 e 58 Imports 101 61 69 63 67 65 96 108 155 197 e 48 Consumption* 394 331 340 316 345 368 437 473 553 661 e 43 * Apparent consumption = Production – Exports + Imports ** Ranking of Chile among 60 countries, last available year Sources: CSIL, UN, Asimad e: estimate




Source: World Bank, last available year (normally 2006) * Ranking of Chile among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

CLP per US$ 508.78 529.70 634.42 689.24 690.70 609.17 559.57 530.62 522.19 CLP per EUR 542.00 489.02 567.93 651.61 781.52 756.96 696.61 666.61 715.98 Sources: Bank of Italy, US Federal Reserve

Main furniture trading partners of Chile Origin of furniture imports Destination of furniture exports

Brazil 27.8% United States 77.1% China 24.7% Argentina 6.2% Argentina 9.5% Peru 3.9% Malaysia 7.8% Ecuador 2.5% Italy 5.1% Canada 2.3% United States 4.7% Mexico 1.8% Spain 2.9% Venezuela 1.3% Colombia 2.7% El Salvador 1.0% Germany 2.6% Panama 0.7% Denmark 2.1% Spain 0.6%



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WORLD FURNITURE INDICATORS CHINA TTAABBLLEE CC99


Production 9632 12500 14500 16800 20120 24630 33660 42500 53750 71484 1 Exports 2189 2705 3560 3953 5350 7278 10133 13451 17059 22030 1 Imports 86 96 151 174 194 347 457 479 596 882 23 Consumption* 7529 9891 11091 13021 14964 17699 23985 29528 37287 50337 2 * Apparent consumption = Production – Exports + Imports ** Ranking of China among 60 countries, last available year Sources: CSIL, UN




Source: World Bank, last available year (normally 2006) * Ranking of China among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

CNY per US$ 8.28 8.28 8.28 8.28 8.28 8.28 8.19 7.97 7.61 CNY per EUR 8.82 7.64 7.41 7.83 9.37 10.29 10.20 10.02 10.43 Source: US Federal Reserve

Main furniture trading partners of China Origin of furniture imports Destination of furniture exports

Germany 18.7% United States 42.3% Japan 18.7% United Kingdom 6.5% United States 9.0% Japan 6.3% Italy 8.5% Hong Kong 5.3% South Korea 7.4% Canada 3.8% Taiwan 4.6% Australia 3.2% Poland 3.4% Germany 3.2% Vietnam 3.4% South Korea 2.2% France 3.0% France 2.0% Sweden 2.8% Netherlands 2.0%



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WORLD FURNITURE INDICATORS CROATIA TTAABBLLEE CC1100


Production 277 260 229 242 274 329 373 455 489 585 46 Exports 102 99 100 120 139 169 211 231 291 358 37 Imports 117 99 105 135 185 244 276 296 366 438 37 Consumption* 291 260 234 257 321 404 438 520 564 666 42 * Apparent consumption = Production – Exports + Imports ** Ranking of Croatia among 60 countries, last available year Sources: CSIL, UN, Eurostat, Croatian Bureau of Statistics




Source: World Bank, last available year (normally 2006) * Ranking of Croatia among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

HRK per US$ 7.11 8.27 8.33 7.85 6.69 6.03 5.96 5.84 5.36 HRK per EUR 7.58 7.63 7.46 7.42 7.57 7.49 7.41 7.34 7.35 Sources: Bank of Italy, US Federal Reserve

Main furniture trading partners of Croatia Origin of furniture imports Destination of furniture exports

Italy 27.9% Germany 32.9% Slovenia 16.9% Italy 15.4% Poland 8.6% Slovenia 14.2% Bosnia Herzegovina 8.2% France 7.7% China 7.1% United Kingdom 5.1% Germany 6.4% Bosnia Herzegovina 4.1% Austria 6.4% Czech Republic 2.5% Serbia 3.3% Slovakia 2.4% France 2.0% Serbia 2.1% Turkey 1.6% Austria 2.0%



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WORLD FURNITURE INDICATORS CYPRUS TTAABBLLEE CC1111


Production 99 92 84 81 85 113 116 117 111 118 57 Exports 15 12 12 11 10 9 10 11 9 10 59 Imports 42 49 52 58 63 83 110 125 147 188 49 Consumption* 126 130 124 129 138 187 216 230 249 297 54 * Apparent consumption = Production – Exports + Imports ** Ranking of Cyprus among 60 countries, last available year Sources: CSIL, Eurostat, UN, Central Statistical Office


Population Million 1 59 Area Thousand Square Km 9 57 Total GNP US$ billion 14 59 Per capita GNP US$ 18430 27 Household Consumption Expenditure US$ billion n.a. n.a. Data at Purchasing Power Parity (PPP)


Source: World Bank, last available year (normally 2006) * Ranking of Cyprus among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

CYP per US$ 0.54 0.62 0.64 0.61 0.52 0.47 0.46 0.46 0.43 CYP per EUR 0.58 0.57 0.58 0.58 0.58 0.58 0.58 0.58 0.58 Sources: Bank of Italy, US Federal Reserve

Main furniture trading partners of Cyprus Origin of furniture imports Destination of furniture exports

Italy 35.2% United Kingdom 24.9% China 19.4% Greece 21.3% Greece 10.0% Saudi Arabia 20.9% Malaysia 5.7% United Arab Emirates 5.7% Spain 4.9% Romania 3.8% Germany 4.0% Bulgaria 3.4% United Kingdom 2.1% Germany 3.1% Denmark 2.0% Gibraltar 2.8% Indonesia 1.9% Israel 2.1% Poland 1.8% United States 1.9%



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WORLD FURNITURE INDICATORS CZECH REPUBLIC TTAABBLLEE CC1122


Production 1286 1338 1368 1487 1691 1977 2182 2329 2482 2872 23 Exports 612 721 750 877 1028 1205 1515 1782 1860 2179 12 Imports 288 317 313 328 386 506 700 824 973 1187 20 Consumption* 962 934 931 939 1049 1278 1367 1371 1596 1880 27 * Apparent consumption = Production – Exports + Imports ** Ranking of Czech Republic among 60 countries, last available year Sources: CSIL, Eurostat, Czech Statistical Office, Central Bureau of Customs




Source: World Bank, last available year (normally 2006) * Ranking of Czech Republic among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

CZK per US$ 34.57 38.64 38.06 32.70 28.20 25.68 23.97 22.60 20.30 CZK per EUR 36.83 35.67 34.07 30.92 31.91 31.89 29.84 28.39 27.84 Sources: Bank of Italy, US Federal Reserve

Main furniture trading partners of Czech Republic Origin of furniture imports Destination of furniture exports

Poland 33.8% Germany 43.2% Germany 27.7% United Kingdom 10.4% Slovakia 6.3% Belgium 7.7% Italy 6.0% Slovakia 6.0% China 5.3% Poland 4.7% Austria 4.6% France 4.1% Slovenia 1.6% Sweden 4.0% United Kingdom 1.5% Austria 3.6% France 1.5% Spain 2.9% Portugal 1.3% Netherlands 2.1%



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WORLD FURNITURE INDICATORS DENMARK TTAABBLLEE CC1133


Production 2558 2436 2278 2238 2274 2675 3058 3073 3149 3490 16 Exports 1887 1843 1728 1681 1863 2224 2537 2443 2493 2793 9 Imports 672 648 648 619 688 924 1014 1136 1330 1666 17 Consumption* 1343 1242 1198 1176 1100 1376 1534 1767 1986 2364 24 * Apparent consumption = Production – Exports + Imports ** Ranking of Denmark among 60 countries, last available year Sources: CSIL, Eurostat, Danish Furniture Manufacturers Association




Source: World Bank, last available year (normally 2006) * Ranking of Denmark among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

DKK per US$ 6.99 8.10 8.33 7.89 6.58 5.99 6.00 5.94 5.44 DKK per EUR 7.45 7.47 7.46 7.46 7.45 7.45 7.46 7.47 7.46 Source: US Federal Reserve

Main furniture trading partners of Denmark Origin of furniture imports Destination of furniture exports

China 21.1% Germany 20.4% Sweden 18.4% Norway 14.7% Norway 12.1% Sweden 10.9% Germany 7.8% United Kingdom 10.6% Italy 6.7% France 9.1% Poland 6.0% United States 4.8% Lithuania 4.6% Netherlands 3.4% Estonia 2.8% Spain 2.4% Netherlands 2.6% Belgium 2.4% Vietnam 2.0% Switzerland 2.2%



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WORLD FURNITURE INDICATORS EGYPT TTAABBLLEE CC1144


Production 473 e 496 e 521 e 510 e 460 e 391 e 411 e 459 e 579 e 773 e 44 Exports 13 e 15 e 15 e 14 e 19 e 19 e 21 e 30 e 79 e 193 e 44 Imports 19 e 20 e 20 e 23 e 26 e 17 e 24 e 28 e 33 e 55 e 60 Consumption* 479 e 501 e 526 e 519 e 466 e 389 e 414 e 456 e 533 e 636 e 46 * Apparent consumption = Production – Exports + Imports ** Ranking of Egypt among 60 countries, last available year Sources: CSIL, UN e: estimate




Source: World Bank, last available year (normally 2006) * Ranking of Egypt among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

EGP per US$ 3.40 3.53 4.03 4.62 5.84 6.18 5.79 5.74 5.65 EGP per EUR 3.62 3.26 3.60 4.37 6.60 7.69 7.21 7.21 7.74 Sources: Bank of Italy, US Federal Reserve

Main furniture trading partners of Egypt Origin of furniture imports Destination of furniture exports

China 45.7% Saudi Arabia 32.5% United Arab Emirates 8.2% United Arab Emirates 8.8% Italy 6.1% Jordan 7.2% Japan 5.3% Libya 5.4% United States 4.5% Morocco 4.0% Germany 4.1% Lebanon 3.8% Malaysia 4.0% Kuwait 3.6% Indonesia 2.2% United States 3.1% Turkey 2.1% Italy 2.9% United Kingdom 1.9% Algeria 2.7%



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WORLD FURNITURE INDICATORS ESTONIA TTAABBLLEE CC1155


Production 178 173 175 212 250 331 386 376 397 460 48 Exports 102 108 113 143 167 211 234 233 251 291 40 Imports 44 35 39 39 44 51 63 74 101 128 53 Consumption* 120 100 101 109 126 171 215 216 248 297 53 * Apparent consumption = Production – Exports + Imports ** Ranking of Estonia among 60 countries, last available year Sources: CSIL, Eurostat, UN, Estonian Woodworking Federation




Source: World Bank, last available year (normally 2006) * Ranking of Estonia among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

EEK per US$ 14.70 16.99 17.49 16.60 13.86 12.59 12.60 12.47 11.43 EEK per EUR 15.66 15.69 15.65 15.69 15.68 15.65 15.68 15.67 15.68 Sources: Bank of Italy, US Federal Reserve

Main furniture trading partners of Estonia Origin of furniture imports Destination of furniture exports

Finland 16.5% Finland 34.8% Poland 12.2% Sweden 18.6% China 12.1% Denmark 8.6% Italy 10.5% Norway 8.3% Lithuania 7.7% Germany 6.9% Russia 5.8% Latvia 4.5% Sweden 5.6% Russia 3.3% Latvia 5.6% United Kingdom 3.1% Denmark 4.8% France 1.8% Germany 3.7% Italy 1.7%



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WORLD FURNITURE INDICATORS FINLAND TTAABBLLEE CC1166


Production 1107 1077 1064 1028 1048 1305 1514 1540 1567 1798 32 Exports 281 238 229 207 232 277 311 268 262 322 39 Imports 236 263 259 251 270 325 363 403 460 569 31 Consumption* 1061 1102 1094 1072 1085 1353 1566 1675 1765 2046 25 * Apparent consumption = Production – Exports + Imports ** Ranking of Finland among 60 countries, last available year Sources: CSIL, Eurostat, Statistics Finland




Source: World Bank, last available year (normally 2006) * Ranking of Finland among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007


Main furniture trading partners of Finland Origin of furniture imports Destination of furniture exports

Sweden 32.3% Sweden 27.6% Estonia 19.1% Russia 12.5% China 10.9% Germany 7.6% Italy 6.1% United States 7.1% Germany 4.4% Norway 5.7% Denmark 4.2% Estonia 5.5% Vietnam 3.7% France 5.4% Poland 2.8% United Kingdom 3.6% Malaysia 2.4% Poland 3.6% Austria 1.7% Switzerland 3.2%



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WORLD FURNITURE INDICATORS FRANCE TTAABBLLEE CC1177


Production 8041 7903 7212 7152 7019 8120 8902 9185 9509 10804 8 Exports 2063 2117 2084 1926 1935 2206 2464 2445 2634 3029 8 Imports 3070 3318 3396 3393 3629 4572 5560 6079 6380 7496 4 Consumption* 9048 9105 8524 8620 8713 10485 11998 12820 13255 15270 7 * Apparent consumption = Production – Exports + Imports ** Ranking of France among 60 countries, last available year Sources: CSIL, Eurostat




Source: World Bank, last available year (normally 2006) * Ranking of France among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007


Main furniture trading partners of France Origin of furniture imports Destination of furniture exports

Italy 19.8% Spain 18.9% Germany 14.4% Germany 11.3% China 10.4% Belgium 8.8% Poland 7.8% United Kingdom 8.3% Belgium 7.4% United States 7.1% Spain 7.2% Switzerland 7.0% Portugal 4.0% Portugal 5.0% Romania 3.0% Italy 4.7% Denmark 2.3% Poland 2.5% Indonesia 2.1% Netherlands 2.3%



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WORLD FURNITURE INDICATORS GERMANY TTAABBLLEE CC1188


Production 19543 18383 16124 15447 14226 16630 18522 18890 20436 23664 4 Exports 4268 4487 4530 4540 4819 5793 6970 7375 8440 9975 3 Imports 6674 6487 6286 6134 6309 7874 8819 9011 9555 10113 2 Consumption* 21949 20382 17880 17041 15715 18711 20371 20526 21552 23803 3 * Apparent consumption = Production – Exports + Imports ** Ranking of Germany among 60 countries, last available year Sources: CSIL, Eurostat, Verband der Deutschen Möbelindustrie e.V.




Source: World Bank, last available year (normally 2006) * Ranking of Germany among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007


Main furniture trading partners of Germany Origin of furniture imports Destination of furniture exports

Poland 21.3% Netherlands 12.9% China 11.0% France 11.5% Italy 9.5% Austria 9.9% Czech Republic 6.7% Switzerland 9.9% Austria 6.1% United Kingdom 8.2% Denmark 4.7% Belgium 6.4% Hungary 4.4% Spain 4.0% Slovenia 4.1% United States 3.7% Switzerland 3.7% Italy 3.5% South Africa 2.9% Czech Republic 3.3%



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WORLD FURNITURE INDICATORS GREECE TTAABBLLEE CC1199


Production 995 1001 890 924 982 1153 1364 1536 1682 1980 30 Exports 33 29 28 23 25 33 36 35 46 57 52 Imports 209 235 242 220 259 365 584 541 615 833 24 Consumption* 1171 1207 1105 1121 1215 1485 1911 2042 2251 2757 22 * Apparent consumption = Production – Exports + Imports ** Ranking of Greece among 60 countries, last available year Sources: CSIL, Eurostat




Source: World Bank, last available year (normally 2006) * Ranking of Greece among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007


Main furniture trading partners of Greece Origin of furniture imports Destination of furniture exports

Italy 35.2% Cyprus 30.2% China 21.3% Bulgaria 14.4% Turkey 6.7% Germany 13.1% Germany 5.9% Romania 7.0% Spain 2.8% Albania 4.7% Indonesia 2.5% United Kingdom 3.3% Poland 2.5% Italy 3.3% France 2.4% Serbia 3.2% Malaysia 2.1% Turkey 2.9% Vietnam 1.8% Netherlands 2.2%



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WORLD FURNITURE INDICATORS HONG KONG, CHINA TTAABBLLEE CC2200


Production 52 38 32 27 21 22 n.a. n.a. n.a. n.a. n.a. Exports*** 785 910 1030 964 1061 910 749 498 426 369 36 Imports 978 1120 1243 1155 1180 1042 930 783 698 692 27 Consumption* 246 248 245 219 140 154 n.a. n.a. n.a. n.a. n.a. * Apparent consumption = Production – Exports + Imports ** Ranking of Hong Kong, China among 60 countries, last available year Sources: CSIL, UN, Hong Kong Trade Development Council n.a.:not available *** Including re-exports (amounting to 367 US$ million in 2007)




Source: World Bank, last available year (normally 2006) * Ranking of Hong Kong, China among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

HKD per US$ 7.76 7.79 7.80 7.80 7.79 7.79 7.78 7.77 7.80 HKD per EUR 8.27 7.19 6.98 7.37 8.82 9.69 9.68 9.76 10.70 Source: US Federal Reserve

Main furniture trading partners of Hong Kong, China Origin of furniture imports Destination of furniture exports

China 79.4% United States 32.9% Italy 4.0% China 16.7% Germany 3.0% Japan 13.9% United States 2.4% Australia 4.3% Malaysia 2.0% United Kingdom 4.1% Japan 1.2% Macau 3.3% Taiwan 0.9% India 2.5% United Kingdom 0.9% Italy 1.7% France 0.8% Canada 1.6% Vietnam 0.6% South Korea 1.5%



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WORLD FURNITURE INDICATORS HUNGARY TTAABBLLEE CC2211


Production 619 658 653 725 827 955 1144 1174 1298 1477 33 Exports 447 522 525 586 649 782 871 865 944 1028 25 Imports 189 223 249 239 312 397 492 502 547 630 29 Consumption* 361 360 377 379 490 571 765 810 901 1079 37 * Apparent consumption = Production – Exports + Imports ** Ranking of Hungary among 60 countries, last available year Sources: CSIL, Eurostat, UN, Hungarian Central Statistical Office




Source: World Bank, last available year (normally 2006) * Ranking of Hungary among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

HUF per US$ 237.15 282.53 286.59 257.82 224.41 202.57 199.77 210.58 183.67 HUF per EUR 252.63 260.84 256.56 243.75 253.92 251.66 248.69 264.56 251.82 Sources: Bank of Italy, US Federal Reserve

Main furniture trading partners of Hungary Origin of furniture imports Destination of furniture exports

Germany 29.6% Germany 61.4% Poland 21.9% Austria 9.5% Austria 10.3% United Kingdom 4.2% Italy 9.3% Italy 3.0% Slovenia 4.8% Poland 2.5% China 4.1% Sweden 2.4% Czech Republic 3.2% United States 2.3% Romania 1.9% Romania 2.3% Slovakia 1.9% Belgium 1.8% Portugal 1.6% Netherlands 1.7%



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WORLD FURNITURE INDICATORS INDIA TTAABBLLEE CC2222


Production 4485 4716 4808 5024 5189 5815 6744 7955 8566 10498 10 Exports 102 137 164 179 208 262 354 395 433 520 33 Imports 11 23 41 41 45 79 116 159 229 359 39 Consumption* 4394 4602 4685 4886 5026 5632 6505 7718 8362 10336 10 * Apparent consumption = Production – Exports + Imports ** Ranking of India among 60 countries, last available year Sources: CSIL, UN




Source: World Bank, last available year (normally 2006) * Ranking of India among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

INR per US$ 43.13 45.00 47.22 48.63 46.59 45.26 44.00 45.19 41.18 INR per EUR 45.95 41.54 42.27 45.97 52.74 56.29 54.78 56.77 56.46 Source: US Federal Reserve

Main furniture trading partners of India Origin of furniture imports Destination of furniture exports

Malaysia 27.6% United States 28.3% China 19.6% United Kingdom 12.3% Italy 10.3% France 10.7% Singapore 6.8% Italy 7.4% Germany 6.0% Spain 6.1% Thailand 4.9% Germany 4.5% Czech Republic 4.5% Netherlands 3.0% Japan 4.4% Canada 2.8% United States 3.8% Australia 2.6% Hong Kong 2.0% Belgium 2.2%



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WORLD FURNITURE INDICATORS INDONESIA TTAABBLLEE CC2233


Production 700 1577 1933 1834 1947 2049 2155 2357 2477 2643 24 Exports 354 1231 1508 1414 1502 1558 1651 1835 1843 1908 16 Imports 10 7 18 8 13 22 40 56 80 124 54 Consumption* 356 353 442 428 457 513 544 578 714 859 40 * Apparent consumption = Production – Exports + Imports ** Ranking of Indonesia among 60 countries, last available year Sources: CSIL, UN




Source: World Bank, last available year (normally 2006) * Ranking of Indonesia among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

IDR per US$ 7855.15 8380.42 10222.30 9304.92 8564.47 8937.89 9713.63 9170.49 9138.88 IDR per EUR 8368.09 7736.80 9151.00 8796.87 9690.70 11117.80 12092.49 11520.88 12530.32 Sources: Bank of Italy, US Federal Reserve

Main furniture trading partners of Indonesia Origin of furniture imports Destination of furniture exports

China 43.9% United States 29.2% Thailand 18.7% Japan 9.7% Singapore 11.7% Netherlands 6.7% Japan 10.6% France 6.0% Malaysia 4.4% United Kingdom 5.9% Philippines 3.4% Germany 5.3% Taiwan 1.3% Belgium 4.8% Italy 1.1% Spain 3.9% Hong Kong 1.0% Italy 3.2% United States 1.0% Australia 3.2%



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WORLD FURNITURE INDICATORS IRELAND TTAABBLLEE CC2244


Production 362 373 370 390 432 504 568 547 605 653 45 Exports 122 97 88 80 81 89 99 100 152 125 48 Imports 241 265 282 271 307 374 499 579 718 827 25 Consumption* 481 541 564 581 658 789 968 1026 1171 1354 32 * Apparent consumption = Production – Exports + Imports ** Ranking of Ireland among 60 countries, last available year Sources: CSIL, Eurostat, Central Statistics Office




Source: World Bank, last available year (normally 2006) * Ranking of Ireland among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007


Main furniture trading partners of Ireland Origin of furniture imports Destination of furniture exports

United Kingdom 40.5% United Kingdom 86.5% China 18.8% United States 4.2% Italy 8.6% Spain 1.8% Germany 5.1% Czech Republic 0.9% Vietnam 4.0% Germany 0.9% Malaysia 3.6% Belgium 0.6% Indonesia 2.2% Switzerland 0.5% Spain 1.6% France 0.5% United States 1.6% Sweden 0.3% Netherlands 1.4% United Arab Emirates 0.3%



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WORLD FURNITURE INDICATORS ISRAEL TTAABBLLEE CC2255


Production 1120 998 1101 958 822 907 1037 1126 1209 1432 34 Exports 37 30 29 18 20 21 36 41 27 29 57 Imports 269 252 284 293 267 221 237 244 267 335 41 Consumption* 1351 1221 1356 1234 1068 1106 1238 1329 1449 1739 28 * Apparent consumption = Production – Exports + Imports ** Ranking of Israel among 60 countries, last available year Sources: CSIL, UN, Central Bureau of Statistics




Source: World Bank, last available year (normally 2006) * Ranking of Israel among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

ILS per US$ 4.14 4.07 4.20 4.73 4.54 4.48 4.49 4.46 4.11 ILS per EUR 4.41 3.76 3.76 4.47 5.14 5.56 5.59 5.60 5.64 Sources: Bank of Italy, US Federal Reserve

Main furniture trading partners of Israel Origin of furniture imports Destination of furniture exports

China 24.2% United States 43.1% Italy 24.1% United Kingdom 11.0% United States 6.2% South Korea 4.9% Germany 6.0% France 4.1% Turkey 5.7% Russia 4.0% Sweden 4.3% Germany 3.5% Poland 3.8% Spain 2.9% France 3.1% Iceland 2.5% Hong Kong 2.8% Belgium 2.5% Taiwan 1.8% Cyprus 1.9%



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WORLD FURNITURE INDICATORS ITALY TTAABBLLEE CC2266


Production 18427 18486 17630 17572 18414 21212 24056 23692 24507 27655 3 Exports 8509 8160 8189 8213 8492 9531 10650 10338 10663 12482 2 Imports 707 831 861 859 924 1163 1498 1701 1968 2398 11 Consumption* 10625 11157 10302 10218 10846 12844 14904 15056 15812 17570 5 * Apparent consumption = Production – Exports + Imports ** Ranking of Italy among 60 countries, last available year Sources: CSIL, Eurostat




Source: World Bank, last available year (normally 2006) * Ranking of Italy among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007


Main furniture trading partners of Italy Origin of furniture imports Destination of furniture exports

China 20.5% France 14.2% Germany 13.5% United Kingdom 12.0% Romania 9.0% Germany 10.5% Austria 8.6% United States 8.0% Poland 5.7% Russia 7.9% Switzerland 4.4% Spain 5.2% France 4.4% Switzerland 4.2% Spain 3.8% Belgium 2.9% Indonesia 3.6% Greece 2.6% Vietnam 2.0% Austria 2.2%



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WORLD FURNITURE INDICATORS JAPAN TTAABBLLEE CC2277


Production 16034 16735 16989 14045 12075 13208 13643 13022 12289 11895 5 Exports 170 195 282 257 287 327 422 506 574 703 31 Imports 2021 2252 2801 2817 2760 3145 3773 3899 4062 4278 6 Consumption* 17885 18792 19508 16605 14547 16027 16995 16415 15776 15470 6 * Apparent consumption = Production – Exports + Imports ** Ranking of Japan among 60 countries, last available year Sources: CSIL, Ministry of Finance, Ministry of Economy, Trade and Industry




Source: World Bank, last available year (normally 2006) * Ranking of Japan among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

JPY per US$ 113.73 107.80 121.57 125.22 115.94 108.15 110.11 116.31 117.76 JPY per EUR 121.16 99.52 108.83 118.38 131.26 134.52 137.08 146.12 161.46 Source: US Federal Reserve

Main furniture trading partners of Japan Origin of furniture imports Destination of furniture exports

China 48.9% China 26.6% Thailand 6.8% United Kingdom 13.6% Vietnam 6.3% Thailand 8.9% Mexico 5.8% Mexico 6.5% Taiwan 5.7% South Korea 4.4% Indonesia 4.6% United States 4.2% Malaysia 4.0% Canada 4.2% Italy 3.4% Taiwan 2.9% Germany 3.3% Brazil 2.2% Austria 1.9% Indonesia 2.2%



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WORLD FURNITURE INDICATORS KUWAIT TTAABBLLEE CC2288


Production 34 e 37 e 35 e 57 e 77 e 84 e 88 e 101 e 104 e 136 e 56 Exports 13 e 13 e 15 e 18 e 19 e 28 e 38 e 50 e 54 e 54 53 Imports 131 e 111 e 119 e 118 e 117 e 131 e 141 e 137 e 162 e 162 51 Consumption* 152 e 135 e 139 e 157 e 175 e 188 e 190 e 188 e 211 e 243 e 56 * Apparent consumption = Production – Exports + Imports ** Ranking of Kuwait among 60 countries, last available year Sources: CSIL, UN Data in italics are for the previous year e: estimate




Source: World Bank, last available year (normally 2006) * Ranking of Kuwait among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

KWD per US$ 0.30 0.31 0.31 0.30 0.30 0.29 0.29 0.29 0.28 KWD per EUR 0.32 0.28 0.27 0.29 0.34 0.37 0.36 0.36 0.39 Sources: Bank of Italy, US Federal Reserve

Main furniture trading partners of Kuwait Origin of furniture imports Destination of furniture exports

USA 20.0% Saudi Arabia 63.8% Italy 19.6% Qatar 11.7% China 15.4% Bahrain 5.9% Malaysia 10.9% Lebanon 3.7% Germany 4.2% Syria 3.0% Indonesia 3.6% Jordan 3.0% France 3.0% France 2.0% Spain 2.8% Oman 2.0% United Kingdom 2.6% USA 1.8% Sweden 2.3% United Kingdom 0.8%



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WORLD FURNITURE INDICATORS LATVIA TTAABBLLEE CC2299


Production 80 90 116 136 185 212 252 254 285 310 51 Exports 52 80 83 93 109 135 160 160 177 192 45 Imports 32 30 34 41 51 67 73 92 136 197 47 Consumption* 60 41 68 84 127 144 165 186 245 315 51 * Apparent consumption = Production – Exports + Imports ** Ranking of Latvia among 60 countries, last available year Sources: CSIL, Eurostat, UN




Source: World Bank, last available year (normally 2006) * Ranking of Latvia among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

LVL per US$ 0.58 0.60 0.63 0.62 0.57 0.54 0.56 0.56 0.51 LVL per EUR 0.62 0.56 0.56 0.58 0.64 0.67 0.70 0.70 0.70 Sources: Bank of Italy, US Federal Reserve

Main furniture trading partners of Latvia Origin of furniture imports Destination of furniture exports

Poland 23.1% Germany 16.5% Italy 14.5% Denmark 15.9% Lithuania 12.2% United Kingdom 10.2% China 8.7% Sweden 9.2% Estonia 6.1% Russia 7.8% Sweden 5.4% France 6.4% Germany 5.3% Estonia 6.3% Denmark 4.5% Lithuania 5.5% Russia 3.1% Finland 4.1% Spain 2.4% United States 3.4%



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WORLD FURNITURE INDICATORS LEBANON TTAABBLLEE CC3300


Production 282 e 229 e 222 e 223 e 223 e 243 e 265 e 278 e 272 e 295 e 52 Exports 9 e 11 e 14 e 19 e 20 e 23 e 34 e 41 e 43 e 43 56 Imports 59 e 54 e 49 e 56 e 56 e 51 e 60 e 55 e 56 e 56 59 Consumption* 333 e 272 e 257 e 261 e 259 e 271 e 291 e 293 e 286 e 309 e 52 * Apparent consumption = Production – Exports + Imports ** Ranking of Lebanon among 60 countries, last available year Sources: CSIL, UN, Ministry of Industry, Ministry of Economy and Trade Data in italics are for the previous year e:estimate




Source: World Bank, last available year (normally 2006) * Ranking of Lebanon among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

LBP per US$ 1501.16 1504.86 1508.16 1511.44 1503.21 1512.81 1508.50 1507.42 1507.91 LBP per EUR 1599.19 1389.29 1350.10 1428.92 1700.88 1881.76 1877.93 1893.77 2067.49 Sources: Bank of Italy, US Federal Reserve

Main furniture trading partners of Lebanon Origin of furniture imports Destination of furniture exports

China 24.7% United States 27.0% Italy 20.3% United Arab Emirates 16.7% France 7.3% Saudi Arabia 16.0% Egypt 5.3% Qatar 6.2% Germany 4.8% Syria 4.6% Turkey 4.8% Kuwait 3.7% Malaysia 4.6% France 3.4% United States 4.5% Jordan 2.2% Indonesia 4.2% Iraq 1.8% Spain 3.2% Cyprus 1.4%



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WORLD FURNITURE INDICATORS LITHUANIA TTAABBLLEE CC3311


Production 134 132 162 215 298 453 635 711 826 1069 40 Exports 74 83 113 136 205 340 452 520 631 827 29 Imports 28 24 25 32 37 56 82 103 139 201 46 Consumption* 89 73 74 111 130 168 265 293 335 442 47 * Apparent consumption = Production – Exports + Imports ** Ranking of Lithuania among 60 countries, last available year Sources: CSIL, Eurostat, UN, Lietuvos Mediena




Source: World Bank, last available year (normally 2006) * Ranking of Lithuania among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

LTL per US$ 4.00 4.00 4.00 3.67 3.06 2.78 2.78 2.75 2.52 LTL per EUR 4.26 3.69 3.58 3.47 3.46 3.45 3.46 3.46 3.46 Sources: Bank of Italy, US Federal Reserve

Main furniture trading partners of Lithuania Origin of furniture imports Destination of furniture exports

Poland 32.2% Sweden 15.5% Italy 14.2% Germany 14.1% Germany 7.8% United Kingdom 13.8% China 7.0% France 8.1% Sweden 6.9% Denmark 7.9% Latvia 5.3% United States 4.7% Denmark 3.6% Netherlands 4.5% Ukraine 2.8% Norway 4.4% Estonia 2.2% Latvia 3.7% France 2.2% Russia 3.6%



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WORLD FURNITURE INDICATORS MALAYSIA TTAABBLLEE CC3322


Production 1212 1489 1695 1574 1895 1907 2317 2636 2931 3365 18 Exports 1088 1361 1552 1344 1452 1577 1851 1973 2198 2474 10 Imports 51 64 95 97 162 186 281 303 330 363 38 Consumption* 175 192 238 327 605 515 747 965 1062 1254 34 * Apparent consumption = Production – Exports + Imports ** Ranking of Malaysia among 60 countries, last available year Sources: CSIL, UN, DOSM




Source: World Bank, last available year (normally 2006) * Ranking of Malaysia among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

MYR per US$ 3.80 3.80 3.80 3.80 3.80 3.80 3.79 3.67 3.44 MYR per EUR 4.05 3.51 3.40 3.59 4.30 4.73 4.71 4.61 4.71 Source: US Federal Reserve

Main furniture trading partners of Malaysia Origin of furniture imports Destination of furniture exports

China 25.5% United States 27.0% Poland 9.1% Japan 9.1% Italy 7.2% Australia 8.4% Thailand 5.7% United Kingdom 7.0% Japan 5.6% Singapore 4.6% Germany 4.9% United Arab Emirates 4.1% Lithuania 4.7% India 3.3% Indonesia 4.2% Canada 3.3% Vietnam 3.8% China 2.3% Taiwan 2.8% France 2.1%



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WORLD FURNITURE INDICATORS MALTA TTAABBLLEE CC3333


Production 60 62 57 59 58 53 55 46 49 54 58 Exports 7 7 6 5 6 4 4 6 6 6 60 Imports 8 10 13 11 16 32 40 51 47 61 58 Consumption* 61 64 64 65 68 82 92 91 89 109 58 * Apparent consumption = Production – Exports + Imports ** Ranking of Malta among 60 countries, last available year Sources: CSIL, Eurostat, UN


Population Million 0.4 60 Area Thousand Square Km 0.3 60 Total GNP US$ billion 5 60 Per capita GNP US$ 13610 31 Household Consumption Expenditure US$ billion 4 59 Data at Purchasing Power Parity (PPP)


Source: World Bank, last available year (normally 2006) * Ranking of Malta among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

MTL per US$ 0.40 0.44 0.45 0.43 0.38 0.34 0.35 0.34 0.31 MTL per EUR 0.43 0.40 0.40 0.41 0.43 0.43 0.43 0.43 0.43 Sources: Bank of Italy, US Federal Reserve

Main furniture trading partners of Malta Origin of furniture imports Destination of furniture exports

Italy 61.8% United Kingdom 39.4% China 14.3% Libya 35.4% Germany 3.0% France 10.6% United Kingdom 2.8% Belgium 8.9% Spain 2.7% Germany 4.0% Denmark 2.0% Italy 0.4% Indonesia 1.8% Cayman Islands 0.4% Turkey 1.8% United States 0.3% Malaysia 1.6% Albania 0.2% Thailand 1.4% Cyprus 0.1%



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WORLD FURNITURE INDICATORS MEXICO TTAABBLLEE CC3344


Production 2307 2560 3007 2880 2649 2747 2913 3097 3191 3226 20 Exports 1020 1124 1240 1073 1121 1182 1322 1463 1438 1355 21 Imports 364 395 528 558 513 542 560 677 843 972 21 Consumption* 1651 1831 2295 2365 2042 2108 2151 2311 2596 2842 21 * Apparent consumption = Production – Exports + Imports ** Ranking of Mexico among 60 countries, last available year Sources: CSIL, UN, Istituto Nacional de Estadistíca Geografia e Informatica




Source: World Bank, last available year (normally 2006) * Ranking of Mexico among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

MXN per US$ 9.55 9.46 9.34 9.66 10.79 11.29 10.89 10.91 10.93 MXN per EUR 10.18 8.73 8.36 9.14 12.22 14.04 13.56 13.70 14.98 Source: US Federal Reserve

Main furniture trading partners of Mexico Origin of furniture imports Destination of furniture exports

United States 44.6% United States 83.3% China 26.4% Canada 12.1% Italy 5.3% Spain 0.5% Spain 4.0% Germany 0.5% Canada 2.8% Colombia 0.5% Taiwan 2.6% Guatemala 0.5% Brazil 2.1% Venezuela 0.3% Malaysia 1.7% Costa Rica 0.2% Indonesia 1.5% El Salvador 0.2% Germany 1.2% Dominican Republic 0.2%



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WORLD FURNITURE INDICATORS NETHERLANDS TTAABBLLEE CC3355


Production 2252 2283 1994 1821 1863 2136 2464 2539 2784 3199 21 Exports 746 787 739 651 742 937 1071 1177 1286 1451 19 Imports 1795 1808 1737 1664 1704 1992 2282 2443 2570 2962 9 Consumption* 3302 3304 2992 2835 2826 3191 3676 3805 4068 4710 15 * Apparent consumption = Production – Exports + Imports ** Ranking of Netherlands among 60 countries, last available year Sources: CSIL, Eurostat, Statistics Netherlands




Source: World Bank, last available year (normally 2006) * Ranking of Netherlands among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007


Main furniture trading partners of Netherlands Origin of furniture imports Destination of furniture exports

Germany 27.2% Germany 26.3% China 20.6% Belgium 22.6% Belgium 15.5% United Kingdom 10.6% Indonesia 6.2% France 6.7% Poland 4.8% Switzerland 3.1% Italy 3.5% Portugal 2.9% Vietnam 2.9% Sweden 2.4% Malaysia 2.0% Denmark 2.3% Romania 1.8% Spain 2.2% Turkey 1.5% Ireland 1.7%



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WORLD FURNITURE INDICATORS NEW ZEALAND TTAABBLLEE CC3366


Production 576 650 499 466 490 638 745 840 792 962 42 Exports 34 44 39 40 40 47 61 61 66 73 51 Imports 85 102 93 89 113 154 220 256 264 310 42 Consumption* 626 707 553 515 563 745 904 1035 990 1199 35 * Apparent consumption = Production – Exports + Imports ** Ranking of New Zealand among 60 countries, last available year Sources: CSIL, UN, NZ Manufacturers Federation




Source: World Bank, last available year (normally 2006) * Ranking of New Zealand among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

NZD per US$ 1.89 2.19 2.38 2.15 1.72 1.51 1.42 1.54 1.36 NZD per EUR 2.01 2.02 2.13 2.04 1.94 1.87 1.77 1.94 1.86 Source: US Federal Reserve

Main furniture trading partners of New Zealand Origin of furniture imports Destination of furniture exports

China 50.7% Australia 70.6% Australia 8.9% United States 11.5% Vietnam 8.3% Fiji 2.5% Malaysia 7.5% Hong Kong 2.2% Italy 5.4% Western Samoa 1.6% United States 3.4% Austria 1.5% Indonesia 3.3% United Kingdom 1.4% Taiwan 2.1% Germany 1.1% Germany 2.0% Cook Islands 1.1% Thailand 1.5% Singapore 0.7%



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WORLD FURNITURE INDICATORS NORWAY TTAABBLLEE CC3377


Production 848 780 788 784 824 935 1016 1077 1101 1250 35 Exports 288 297 297 285 291 320 383 387 451 509 35 Imports 702 670 658 653 752 884 1048 1200 1345 1693 16 Consumption* 1262 1152 1150 1153 1285 1498 1680 1890 1995 2434 23 * Apparent consumption = Production – Exports + Imports ** Ranking of Norway among 60 countries, last available year Sources: CSIL, UN, Statistics Norway




Source: World Bank, last available year (normally 2006) * Ranking of Norway among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

NOK per US$ 7.81 8.81 9.00 7.98 7.08 6.74 6.44 6.41 5.86 NOK per EUR 8.32 8.14 8.05 7.55 8.02 8.38 8.02 8.05 8.03 Source: US Federal Reserve

Main furniture trading partners of Norway Origin of furniture imports Destination of furniture exports

Sweden 29.7% Germany 15.8% Denmark 21.4% Sweden 15.0% China 9.7% United States 13.1% Poland 6.7% Denmark 11.7% Italy 6.2% United Kingdom 9.2% Lithuania 4.2% France 8.3% Germany 3.7% Netherlands 5.4% Finland 1.5% Japan 2.8% Estonia 1.2% Switzerland 2.4% Malaysia 1.2% Belgium 2.1%



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WORLD FURNITURE INDICATORS PHILIPPINES TTAABBLLEE CC3388


Production 638 664 766 685 635 646 692 743 777 815 43 Exports 322 353 380 291 310 275 280 303 275 258 41 Imports 51 62 63 45 44 46 42 56 74 94 56 Consumption* 367 372 449 439 370 417 454 496 576 651 45 * Apparent consumption = Production – Exports + Imports ** Ranking of Philippines among 60 countries, last available year Sources: CSIL, UN, National Statistical Office,




Source: World Bank, last available year (normally 2006) * Ranking of Philippines among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

PHP per US$ 39.09 44.22 51.00 51.59 54.21 56.04 55.06 51.29 46.07 PHP per EUR 41.64 40.82 45.65 48.77 61.34 69.71 68.54 64.43 63.16 Sources: Bank of Italy, US Federal Reserve

Main furniture trading partners of Philippines Origin of furniture imports Destination of furniture exports

China 24.9% United States 62.4% Malaysia 13.1% Japan 8.6% Thailand 9.6% Australia 2.5% South Korea 8.4% United Kingdom 2.2% Taiwan 8.0% Italy 2.2% United States 7.0% France 1.8% Hong Kong 5.8% Netherlands 1.7% Japan 5.8% Germany 1.4% Indonesia 4.1% Spain 1.4% Singapore 3.4% Saudi Arabia 1.3%



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WORLD FURNITURE INDICATORS POLAND TTAABBLLEE CC3399


Production 2917 3035 3223 3442 3949 4872 6227 7078 8114 9997 11 Exports 1847 1885 2105 2386 2756 3698 4730 5310 5929 7136 4 Imports 317 349 349 382 403 592 704 826 932 1230 19 Consumption* 1387 1499 1467 1437 1596 1766 2201 2594 3117 4091 16 * Apparent consumption = Production – Exports + Imports ** Ranking of Poland among 60 countries, last available year Sources: CSIL, Eurostat, UN, Central and Eastern Europe Business Information Center




Source: World Bank, last available year (normally 2006) * Ranking of Poland among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

PLN per US$ 3.97 4.35 4.10 4.08 3.89 3.65 3.24 3.11 2.77 PLN per EUR 4.23 4.01 3.67 3.86 4.40 4.53 4.03 3.90 3.79 Sources: Bank of Italy, US Federal Reserve

Main furniture trading partners of Poland Origin of furniture imports Destination of furniture exports

Germany 28.6% Germany 35.0% China 14.9% France 9.0% Italy 8.4% United Kingdom 6.1% Czech Republic 6.2% Czech Republic 5.8% France 6.1% Belgium 5.3% Sweden 4.1% Sweden 4.6% Slovakia 3.4% Netherlands 3.6% Denmark 3.4% United States 2.9% Spain 2.5% Slovakia 2.8% Austria 2.2% Hungary 2.2%



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WORLD FURNITURE INDICATORS PORTUGAL TTAABBLLEE CC4400


Production 976 1216 1164 970 1100 1449 1616 1601 1635 1887 31 Exports 324 321 323 386 461 729 921 851 868 1104 24 Imports 295 326 302 306 348 430 544 552 579 748 26 Consumption* 947 1221 1142 889 987 1149 1239 1302 1346 1532 30 * Apparent consumption = Production – Exports + Imports ** Ranking of Portugal among 60 countries, last available year Sources: CSIL, Eurostat




Source: World Bank, last available year (normally 2006) * Ranking of Portugal among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007


Main furniture trading partners of Portugal Origin of furniture imports Destination of furniture exports

Spain 33.7% Spain 37.9% France 23.7% France 32.5% Germany 11.2% Angola 8.2% Italy 11.2% Sweden 6.3% Netherlands 4.9% Czech Republic 1.6% Poland 3.3% Italy 1.6% China 3.2% Hungary 1.3% Belgium 1.3% Germany 1.1% Denmark 1.1% United Kingdom 1.1% Czech Republic 0.8% Belgium 1.0%



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WORLD FURNITURE INDICATORS ROMANIA TTAABBLLEE CC4411


Production 677 615 630 699 786 1013 1368 1525 1676 2053 29 Exports 433 419 441 497 610 776 1015 1099 1205 1509 18 Imports 51 48 64 78 95 134 186 277 364 551 35 Consumption* 296 244 253 280 272 370 539 702 835 1096 36 * Apparent consumption = Production – Exports + Imports ** Ranking of Romania among 60 countries, last available year Sources: CSIL, UN, Ministry of Industry and Resources




Source: World Bank, last available year (normally 2006) * Ranking of Romania among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005* 2006 2007

ROL per US$ 15332.84 21457.60 29051.69 33051.51 33204.52 32617.09 2.97 2.81 2.44 ROL per EUR 16334.07 19809.66 26007.07 31246.90 37570.91 40509.70 3.70 3.53 3.34 Sources: Bank of Italy, US Federal Reserve * Introduction of New Leu (RON): 1RON=10000 ROL

Main furniture trading partners of Romania Origin of furniture imports Destination of furniture exports

Italy 23.9% France 18.9% Poland 21.1% Germany 17.9% China 10.3% Italy 11.9% Turkey 8.1% United Kingdom 8.1% Germany 6.7% Austria 6.4% Hungary 6.2% Netherlands 5.5% France 4.6% Hungary 5.2% Czech Republic 2.4% Belgium 3.9% Austria 2.3% Sweden 2.9% Greece 1.6% United States 2.5%



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WORLD FURNITURE INDICATORS RUSSIA TTAABBLLEE CC4422


Production 721 538 657 740 835 1099 1394 1595 2182 2932 22 Exports 49 59 83 91 91 132 191 222 264 340 38 Imports 801 492 553 614 638 783 1064 1297 1682 2294 13 Consumption* 1473 970 1126 1263 1382 1749 2267 2670 3601 4886 13 * Apparent consumption = Production – Exports + Imports ** Ranking of Russia among 60 countries, last available year Sources: CSIL, UN, Eurostat, Association of Furniture Enterprises




Source: World Bank, last available year (normally 2006) * Ranking of Russia among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

RUB per US$ 24.62 28.12 29.19 31.39 30.67 28.80 28.30 27.19 25.58 RUB per EUR 26.23 25.96 26.13 29.67 34.71 35.81 35.23 34.15 35.07 Sources: Bank of Italy, US Federal Reserve

Main furniture trading partners of Russia Origin of furniture imports Destination of furniture exports

Italy 42.8% Kazakhstan 38.6% Germany 11.0% Germany 16.3% China 10.6% France 6.3% Poland 5.4% Ukraine 6.1% Austria 3.8% Italy 3.7% Ukraine 3.6% Poland 3.5% Spain 3.6% Sweden 2.8% France 2.3% Netherlands 2.4% Finland 1.8% United States 2.4% Malaysia 1.3% United Kingdom 2.2%



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WORLD FURNITURE INDICATORS SAUDI ARABIA TTAABBLLEE CC4433


Production 131 e 128 e 130 e 143 e 165 e 143 e 134 e 157 e 161 e 164 e 55 Exports 17 e 16 e 16 e 17 e 28 e 26 e 32 e 32 e 48 e 48 55 Imports 257 e 233 e 288 e 280 e 311 e 326 e 366 e 446 e 503 e 563 e 33 Consumption* 372 e 345 e 402 e 407 e 448 e 443 e 469 e 572 e 617 e 679 e 41 * Apparent consumption = Production – Exports + Imports ** Ranking of Saudi Arabia among 60 countries, last available year Sources: CSIL, UN Data in italics are for the previous year e: estimate




Source: World Bank, last available year (normally 2006) * Ranking of Saudi Arabia among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

SAR per US$ 3.74 3.75 3.75 3.75 3.75 3.75 3.75 3.75 3.75 SAR per EUR 3.99 3.46 3.36 3.54 4.24 4.66 4.67 4.71 5.14 Sources: Bank of Italy, US Federal Reserve

Main furniture trading partners of Saudi Arabia Origin of furniture imports Destination of furniture exports

China 43.6% Sudan 15.1% Italy 11.0% Qatar 11.9% United States 6.3% Sri Lanka 7.7% Malaysia 5.3% Bahrain 6.5% Egypt 3.4% United Arab Emirates 6.0% Turkey 2.6% India 4.7% Spain 2.5% Kuwait 4.4% France 2.5% Jordan 3.8% United Arab Emirates 2.1% Philippines 3.2% Jordan 1.5% Pakistan 2.5%



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WORLD FURNITURE INDICATORS SERBIA TTAABBLLEE CC4444

The furniture sector. Million of US$ 2001 2002 2003 2004 2005 2006 2007 Ranking**

Production 95 119 158 159 148 175 228 54 Exports 26 33 56 61 77 106 163 47 Imports 27 43 50 81 70 84 132 52 Consumption* 96 128 152 179 141 152 197 57 * Apparent consumption = Production – Exports + Imports ** Ranking of Serbia among 60 countries, last available year Sources: CSIL, UN, Statistical Office



Total GNP at PPP US$ billion n.a. n.a. Per Capita GNP at PPP US$ n.a. n.a.

Source: World Bank, last available year (normally 2006) * Ranking of Serbia among 60 countries, last available year


Source: CSIL

Exchange rates 2003 2004 2005 2006 2007

CSD per US$ 56.86 58.09 66.97 67.29 58.46 CSD per EUR 64.34 72.28 83.37 84.54 80.16 Sources: Bank of Italy, US Federal Reserve

Main furniture trading partners of Serbia Origin of furniture imports Destination of furniture exports

Italy 23.1% Montenegro 20.3% China 15.3% Bosnia Herzegovina 15.7% Slovenia 9.6% Slovenia 9.7% Bosnia Herzegovina 9.6% Croatia 8.5% Croatia 5.6% Italy 7.7% Poland 5.2% Germany 6.1% Austria 5.1% France 5.3% Germany 4.7% Macedonia 4.5% Spain 2.2% Netherlands 3.4% France 1.7% Belgium 2.6%



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WORLD FURNITURE INDICATORS SINGAPORE TTAABBLLEE CC4455


Production 327 296 313 272 340 323 304 292 289 271 53 Exports 96 77 91 80 71 67 77 142 157 179 46 Imports 327 368 420 338 305 318 309 376 440 564 32 Consumption* 557 588 642 530 574 575 537 526 572 656 44 * Apparent consumption = Production – Exports + Imports ** Ranking of Singapore among 60 countries, last available year Sources: CSIL, UN, Singapore Economic Development Board, International Enterprise Singapore




Source: World Bank, last available year (normally 2006) * Ranking of Singapore among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

SGD per US$ 1.70 1.73 1.79 1.79 1.74 1.69 1.66 1.59 1.51 SGD per EUR 1.81 1.59 1.61 1.69 1.97 2.10 2.07 2.00 2.07 Source: US Federal Reserve

Main furniture trading partners of Singapore Origin of furniture imports Destination of furniture exports

Malaysia 28.1% Indonesia 18.8% China 24.1% Malaysia 11.5% Italy 9.2% India 10.3% United States 5.7% United States 7.7% Germany 4.9% Japan 5.9% Indonesia 4.3% United Arab Emirates 4.6% Taiwan 2.5% Australia 3.4% United Kingdom 2.3% France 3.2% Australia 1.9% China 2.8% France 1.8% Hong Kong 2.4%



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WORLD FURNITURE INDICATORS SLOVAKIA TTAABBLLEE CC4466


Production 242 251 281 340 425 571 691 786 834 1108 39 Exports 187 172 199 272 357 477 572 645 721 981 26 Imports 68 56 61 77 93 113 156 184 210 270 43 Consumption* 123 135 143 144 161 207 274 325 323 397 49 * Apparent consumption = Production – Exports + Imports ** Ranking of Slovakia among 60 countries, last available year Sources: CSIL, Eurostat, UN, Statistical Office of the Slovak Republic




Source: World Bank, last available year (normally 2006) * Ranking of Slovakia among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

SKK per US$ 41.36 45.47 48.38 45.28 36.76 32.22 31.08 29.69 24.69 SKK per EUR 44.06 41.98 43.31 42.81 41.59 40.02 38.69 37.30 33.85 Sources: Bank of Italy, US Federal Reserve

Main furniture trading partners of Slovakia Origin of furniture imports Destination of furniture exports

Poland 25.6% Germany 34.1% Czech Republic 17.6% United Kingdom 9.8% Slovenia 14.3% Czech Republic 8.6% Germany 13.9% France 7.4% Austria 6.8% United States 6.0% France 5.3% Austria 5.9% Romania 3.0% Sweden 4.7% Italy 3.0% Belgium 4.6% Hungary 1.9% Poland 4.3% China 1.6% Italy 2.7%



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WORLD FURNITURE INDICATORS SLOVENIA TTAABBLLEE CC4477


Production 600 645 615 662 749 918 1061 1070 1094 1175 37 Exports 553 601 574 618 701 860 1084 1214 1298 1429 20 Imports 122 131 116 125 147 187 283 432 533 662 28 Consumption* 170 175 157 169 195 245 259 288 329 409 48 * Apparent consumption = Production – Exports + Imports ** Ranking of Slovenia among 60 countries, last available year Sources: CSIL, Eurostat, UN, Statistical Office of Slovenia




Source: World Bank, last available year (normally 2006) * Ranking of Slovenia among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007*

SIT per US$ 181.77 224.57 243.62 239.60 207.07 192.43 192.88 191.00 174.78 SIT per EUR 193.64 207.33 218.09 226.51 234.30 239.09 240.11 239.95 239.64 Sources: Bank of Italy, US Federal Reserve Introduction of the EURO (EUR): 1EUR=239.64 SIT

Main furniture trading partners of Slovenia Origin of furniture imports Destination of furniture exports

Croatia 29.1% Germany 38.9% Bosnia Herzegovina 17.7% Austria 7.0% Germany 14.1% Slovakia 6.7% Italy 9.7% Croatia 6.0% Austria 6.6% Russia 5.6% Poland 4.3% United Kingdom 5.0% France 3.4% France 3.9% China 2.5% United States 3.8% Serbia 2.4% Italy 3.6% Slovakia 1.7% Czech Republic 2.0%



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WORLD FURNITURE INDICATORS SOUTH AFRICA TTAABBLLEE CC4488


Production 1058 1040 901 723 698 979 1190 1116 1133 1113 38 Exports 434 438 396 388 435 530 620 529 475 516 34 Imports 68 99 100 105 122 151 227 345 431 479 36 Consumption* 692 702 605 441 385 600 798 932 1089 1076 38 * Apparent consumption = Production – Exports + Imports ** Ranking of South Africa among 60 countries, last available year Sources: CSIL, UN, Statistics South Africa




Source: World Bank, last available year (normally 2006) * Ranking of South Africa among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

ZAR per US$ 6.12 6.95 8.61 10.52 7.56 6.44 6.36 6.77 7.05 ZAR per EUR 6.52 6.41 7.71 9.94 8.55 8.01 7.92 8.50 9.66 Source: US Federal Reserve

Main furniture trading partners of South Africa Origin of furniture imports Destination of furniture exports

China 40.4% Germany 65.1% Germany 14.0% United Kingdom 6.4% Italy 4.4% United States 4.4% Malaysia 4.4% Spain 4.0% Indonesia 4.1% Canada 3.9% Thailand 3.7% Mozambique 2.2% United States 3.5% Italy 1.8% Hungary 2.6% Zambia 1.5% Czech Republic 2.4% Angola 1.4% Poland 1.9% Australia 0.9%



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WORLD FURNITURE INDICATORS SOUTH KOREA TTAABBLLEE CC4499


Production 2243 2923 3503 3887 4339 4657 5175 5899 6457 6671 12 Exports 169 166 197 174 175 207 270 410 577 616 32 Imports 102 150 219 233 366 485 554 798 1113 1358 18 Consumption* 2176 2907 3525 3946 4529 4936 5459 6286 6993 7414 11 * Apparent consumption = Production – Exports + Imports ** Ranking of South Korea among 60 countries, last available year Sources: CSIL, UN, Korea Furniture Association




Source: World Bank, last available year (normally 2006) * Ranking of South Korea among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

KRW per US$ 1189.84 1130.90 1292.01 1250.31 1192.08 1145.24 1023.75 954.32 928.97 KRW per EUR 1267.54 1044.05 1156.61 1182.04 1349.55 1424.45 1274.47 1198.91 1273.71 Source: US Federal Reserve

Main furniture trading partners of South Korea Origin of furniture imports Destination of furniture exports

China 73.2% China 46.2% Italy 6.4% United States 15.9% Vietnam 4.8% Japan 6.5% Germany 3.6% Kazakhstan 2.5% Japan 2.4% Uzbekistan 2.3% Indonesia 2.1% United Arab Emirates 2.1% United States 1.9% Venezuela 2.0% Malaysia 1.1% Canada 1.9% Thailand 1.0% Russia 1.4% France 0.5% Colombia 1.4%



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WORLD FURNITURE INDICATORS SPAIN TTAABBLLEE CC5500


Production 5738 5903 5301 5431 6025 7459 8306 8550 9267 10620 9 Exports 1428 1326 1402 1395 1381 1592 1694 1724 1703 2012 14 Imports 671 696 847 886 983 1470 2035 2315 2501 3518 7 Consumption* 4982 5273 4746 4922 5627 7336 8647 9141 10065 12126 9 * Apparent consumption = Production – Exports + Imports ** Ranking of Spain among 60 countries, last available year Sources: CSIL, Eurostat




Source: World Bank, last available year (normally 2006) * Ranking of Spain among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007


Main furniture trading partners of Spain Origin of furniture imports Destination of furniture exports

China 20.5% France 29.7% France 15.4% Portugal 12.6% Italy 13.3% United Kingdom 6.9% Germany 12.8% Italy 5.6% Portugal 9.5% Germany 4.5% Poland 3.8% Russia 4.1% Indonesia 3.3% United States 3.2% Brazil 1.9% Netherlands 2.7% Czech Republic 1.9% Mexico 2.5% Vietnam 1.7% Belgium 2.3%



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WORLD FURNITURE INDICATORS SWEDEN TTAABBLLEE CC5511


Production 2094 2071 2058 1872 1957 2355 2698 2808 3004 3344 19 Exports 1224 1213 1209 1074 1132 1327 1549 1620 1834 2256 11 Imports 763 852 851 822 978 1224 1400 1450 1648 2201 14 Consumption* 1633 1710 1700 1620 1803 2252 2548 2638 2818 3289 19 * Apparent consumption = Production – Exports + Imports ** Ranking of Sweden among 60 countries, last available year Sources: CSIL, Eurostat, Statistics Sweden




Source: World Bank, last available year (normally 2006) * Ranking of Sweden among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

SEK per US$ 8.27 9.17 10.34 9.72 8.08 7.35 7.47 7.37 6.76 SEK per EUR 8.81 8.47 9.26 9.19 9.15 9.14 9.30 9.26 9.26 Source: US Federal Reserve

Main furniture trading partners of Sweden Origin of furniture imports Destination of furniture exports

China 16.4% Norway 30.9% Poland 13.6% Denmark 12.2% Denmark 13.0% Finland 8.5% Germany 10.1% United Kingdom 8.0% Italy 6.0% Germany 7.9% Norway 5.9% United States 5.3% Lithuania 5.8% France 5.0% Finland 4.1% Belgium 2.5% Estonia 2.6% Switzerland 2.4% Slovakia 2.1% Netherlands 2.4%



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ORLD FURNITURE INDICATORS SWITZERLAND TTAABBLLEE CC5522


Production 748 733 682 685 679 767 884 934 987 1178 36 Exports 515 541 535 450 405 487 566 617 642 768 30 Imports 1523 1585 1490 1431 1502 1748 1970 2115 2250 2702 10 Consumption* 1756 1777 1636 1667 1776 2028 2287 2432 2595 3112 20 * Apparent consumption = Production – Exports + Imports ** Ranking of Switzerland among 60 countries, last available year Sources: CSIL, UN, Swiss Federal Statistical Office




Source: World Bank, last available year (normally 2006) * Ranking of Switzerland among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

CHF per US$ 1.50 1.69 1.69 1.56 1.35 1.24 1.25 1.25 1.20 CHF per EUR 1.60 1.56 1.51 1.47 1.52 1.55 1.55 1.57 1.65 Source: US Federal Reserve

Main furniture trading partners of Switzerland Origin of furniture imports Destination of furniture exports

Germany 41.4% Germany 38.8% Italy 20.1% Italy 16.4% France 7.8% Austria 8.4% Austria 6.3% France 6.9% Poland 4.4% Netherlands 3.9% China 3.7% United Kingdom 3.7% Sweden 3.0% United States 2.6% Denmark 2.4% Belgium 2.5% Netherlands 1.4% Japan 2.2% Belgium 1.0% United Arab Emirates 1.6%



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WORLD FURNITURE INDICATORS TAIWAN TTAABBLLEE CC5533


Production 2667 2852 2841 2344 2240 2244 2319 2422 2558 2621 25 Exports 1533 1666 1699 1254 1143 1135 1185 1194 1191 1246 23 Imports 251 253 275 217 203 213 281 317 315 350 40 Consumption* 1385 1439 1418 1307 1300 1323 1414 1545 1682 1725 29 * Apparent consumption = Production – Exports + Imports ** Ranking of Taiwan among 60 countries, last available year Sources: CSIL, Board of Foreign Trade




Source: World Bank, last available year (normally 2006) * Ranking of Taiwan among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

TWD per US$ 32.32 31.26 33.82 34.54 34.41 33.37 32.13 32.51 32.85 TWD per EUR 34.43 28.86 30.28 32.65 38.95 41.51 40.00 40.84 45.04 Source: US Federal Reserve

Main furniture trading partners of Taiwan Origin of furniture imports Destination of furniture exports

China 49.4% United States 38.2% Vietnam 8.4% Japan 16.3% Japan 7.7% United Kingdom 6.0% Italy 6.8% Germany 5.4% Indonesia 6.0% China 3.2% Germany 5.1% Canada 2.8% Thailand 2.4% Australia 2.2% United States 2.2% Netherlands 1.9% Poland 1.7% Spain 1.8% Malaysia 1.5% Sweden 1.8%



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WORLD FURNITURE INDICATORS THAILAND TTAABBLLEE CC5544


Production 1296 1454 1617 1475 1617 1749 1941 2040 2101 2483 26 Exports 597 756 913 828 912 993 1149 1203 1151 1297 22 Imports 19 25 36 55 61 82 129 142 172 182 50 Consumption* 718 723 740 702 766 838 921 978 1122 1368 31 * Apparent consumption = Production – Exports + Imports ** Ranking of Thailand among 60 countries, last available year Sources: CSIL, UN, Thai Customs Department




Source: World Bank, last available year (normally 2006) * Ranking of Thailand among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

THB per US$ 37.89 40.21 44.53 43.02 41.56 40.27 40.25 37.88 32.20 THB per EUR 40.36 37.12 39.87 40.67 47.05 50.09 50.11 47.58 44.15 Source: US Federal Reserve

Main furniture trading partners of Thailand Origin of furniture imports Destination of furniture exports

Japan 34.7% United States 26.1% China 27.4% Japan 23.2% Malaysia 5.8% United Kingdom 12.1% United States 5.0% Australia 5.1% Germany 3.5% Italy 2.5% Italy 3.2% Indonesia 2.2% Taiwan 2.4% Belgium 1.7% Indonesia 2.3% United Arab Emirates 1.6% Philippines 1.9% Canada 1.6% Myanmar (Burma) 1.8% Germany 1.6%



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WORLD FURNITURE INDICATORS TURKEY TTAABBLLEE CC5555


Production 1191 1165 1098 849 1088 1201 1283 1743 1876 2120 28 Exports 80 98 130 143 213 341 465 558 642 867 28 Imports 172 143 177 107 109 149 258 335 471 629 30 Consumption* 1283 1210 1144 813 985 1008 1077 1519 1705 1882 26 * Apparent consumption = Production – Exports + Imports ** Ranking of Turkey among 60 countries, last available year Sources: CSIL, UN, Igeme




Source: World Bank, last available year (normally 2006) * Ranking of Turkey among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005* 2006 2007

TRY per US$ 418782.9 621201.6 1234100.4 1515540.6 1501668.2 1429384.7 1.35 1.44 1.31 TRY per EUR 446129.4 573493.4 1104766.7 1432792.1 1699137.5 1777052.0 1.68 1.81 1.79 Sources: Bank of Italy, US Federal Reserve *Introduction of New Turkish Lira (TRY): 1 TRY=1 million TRL

Main furniture trading partners of Turkey Origin of furniture imports Destination of furniture exports

China 23.3% Germany 10.1% Italy 15.6% Iraq 8.6% Germany 10.2% France 6.6% France 8.7% Netherlands 5.8% Poland 5.7% Greece 5.7% United Kingdom 4.8% Iran 4.9% Spain 3.7% United Kingdom 4.7% Indonesia 3.6% Cyprus 3.6% South Korea 2.4% Romania 3.5% United States 2.0% Russia 3.0%



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WORLD FURNITURE INDICATORS UKRAINE TTAABBLLEE CC5566


Production 393 315 345 344 382 438 528 673 810 1002 41 Exports 35 35 52 62 60 82 98 133 164 220 43 Imports 200 143 140 164 178 205 251 270 362 551 34 Consumption* 557 423 434 446 500 561 681 810 1007 1334 33 * Apparent consumption = Production – Exports + Imports ** Ranking of Ukraine among 60 countries, last available year Sources: CSIL, UN, JSC Kiev International contract Fair




Source: World Bank, last available year (normally 2006) * Ranking of Ukraine among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

UAH per US$ 4.31 5.45 5.37 5.33 5.33 5.32 5.10 5.04 5.04 UAH per EUR 4.59 5.04 4.81 5.04 6.03 6.62 6.35 6.33 6.91 Sources: Bank of Italy, US Federal Reserve

Main furniture trading partners of Ukraine Origin of furniture imports Destination of furniture exports

Italy 43.2% Russia 37.1% Poland 18.0% Germany 8.6% China 8.9% Kazakhstan 6.6% Germany 6.4% France 5.7% Russia 4.7% Moldova 5.3% Spain 1.9% Poland 4.5% Romania 1.7% Sweden 3.8% Lithuania 1.4% United Kingdom 3.3% South Korea 1.3% Belarus 2.8% France 1.3% Lithuania 2.8%



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WORLD FURNITURE INDICATORS UNITED ARAB EMIRATES TTAABBLLEE CC5577


Production 131 e 135 e 172 e 162 e 163 e 181 e 200 e 181 e 237 e n.a. n.a. Exports 60 e 66 e 89 e 83 e 81 e 89 e 92 e 100 e 120 e 120 49 Imports 280 e 229 e 279 e 288 e 306 e 368 e 465 e 575 e 676 e 951 e 22 Consumption* 351 e 298 e 362 e 367 e 388 e 460 e 573 e 656 e 793 e n.a. n.a. * Apparent consumption = Production – Exports + Imports ** Ranking of the UAE among 60 countries, last available year Sources: CSIL, UN Data in italics are for the previous year e: estimante




Source: World Bank, last available year (normally 2006) * Ranking of the UAE among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

AED per US$ 3.67 3.67 3.67 3.67 3.67 3.67 3.67 3.67 3.67 AED per EUR 3.91 3.39 3.29 3.47 4.16 4.57 4.57 4.61 5.04 Sources: Bank of Italy, US Federal Reserve

Main furniture trading partners of United Arab Emirates Origin of furniture imports

China 25.6% Italy 17.6% Malaysia 12.6% France 6.0% United States 4.9% Germany 4.6% Sweden 2.8% Thailand 2.4% United Kingdom 2.4% Austria 2.1%



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WORLD FURNITURE INDICATORS UNITED KINGDOM TTAABBLLEE CC5588


Production 8858 8994 8450 8298 8502 9029 10384 10154 10411 11662 7 Exports 1350 1324 1226 1144 1079 1129 1311 1336 1456 1639 17 Imports 2646 2932 3245 3411 4284 5375 6772 6730 7232 8323 3 Consumption* 10155 10602 10470 10564 11707 13275 15845 15549 16187 18346 4 * Apparent consumption = Production – Exports + Imports ** Ranking of United Kingdom among 60 countries, last available year Sources: CSIL, Eurostat




Source: World Bank, last available year (normally 2006) * Ranking of United Kingdom among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

GBP per US$ 0.62 0.66 0.69 0.67 0.61 0.55 0.55 0.54 0.50 GBP per EUR 0.66 0.61 0.62 0.63 0.69 0.68 0.68 0.68 0.68 Source: US Federal Reserve

Main furniture trading partners of United Kingdom Origin of furniture imports Destination of furniture exports

China 29.3% Ireland 34.1% Italy 15.1% United States 12.1% Germany 9.8% France 8.6% Poland 4.6% Germany 6.1% Vietnam 3.0% Belgium 4.2% Malaysia 2.6% Netherlands 3.5% France 2.4% Spain 2.6% Denmark 2.4% Italy 2.4% Indonesia 2.2% United Arab Emirates 1.6% United States 2.1% Japan 1.6%



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WORLD FURNITURE INDICATORS UNITED STATES TTAABBLLEE CC5599


Production 58319 60706 62253 58215 58208 57509 59091 62944 65006 66606 e 2 Exports 2426 2380 2826 2403 2138 2351 2662 2908 3204 3583 6 Imports 10275 12604 14970 14624 16781 18718 21406 23763 25440 25996 1 Consumption* 66169 70930 74398 70436 72851 73875 77835 83799 87242 89019 e 1 * Apparent consumption = Production – Exports + Imports ** Ranking of United States among 60 countries, last available year Sources: CSIL, US Census Bureau, AFMA, BIFMA e: estimate




Source: World Bank, last available year (normally 2006) * Ranking of United States among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

USD per EUR 1.07 0.92 0.90 0.95 1.13 1.24 1.24 1.26 1.37 Source: US Federal Reserve

Main furniture trading partners of United States Origin of furniture imports Destination of furniture exports

China 54.0% Canada 54.2% Canada 14.0% Mexico 8.4% Vietnam 4.6% United Kingdom 4.6% Mexico 4.3% Japan 2.9% Italy 3.6% China 2.5% Malaysia 3.1% Australia 1.6% Taiwan 2.5% United Arab Emirates 1.3% Indonesia 2.4% Bahamas 1.2% Thailand 1.3% France 1.1% Germany 1.1% Germany 1.1%



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WORLD FURNITURE INDICATORS VIETNAM TTAABBLLEE CC6600


Production 325 413 535 653 850 1336 1929 2556 3075 3895 15 Exports 221 304 398 431 580 856 1293 1931 2385 3120 7 Imports 15 9 9 9 13 22 30 52 76 93 57 Consumption* 118 118 146 231 283 503 666 677 767 867 39 * Apparent consumption = Production – Exports + Imports ** Ranking of Vietnam among 60 countries, last available year Sources: CSIL, UN, Vietnamese Trade Information Centre




Source: World Bank, last available year (normally 2006) * Ranking of Vietnam among 60 countries, last available year


Source: CSIL

Exchange rates 1999 2000 2001 2002 2003 2004 2005 2006 2007

VND per US$ 13932.45 13902.62 14525.37 15267.19 15508.94 15737.88 15853.67 15992.16 16084.48 VND per EUR 14842.24 12834.90 13003.11 14433.60 17548.36 19576.20 19736.24 20090.95 22053.43 Sources: Bank of Italy, US Federal Reserve

Main furniture trading partners of Vietnam Origin of furniture imports Destination of furniture exports

China 44.0% United States 40.0% Japan 17.7% Japan 10.9% Thailand 11.9% United Kingdom 7.8% Taiwan 6.8% France 6.7% Malaysia 4.7% Germany 5.7% South Korea 3.0% Netherlands 2.8% Singapore 2.2% Canada 2.7% Indonesia 1.7% Australia 2.6% Germany 1.7% South Korea 2.5% United States 1.1% Spain 2.5%



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Appendix

Notes, presentation conventions, classification of countries

1. Billion means 1000 million.

2. All dollar figures are in current US$ unless otherwise indicated.

3. Figures in italics indicate data that are for years other than those specified.

4. Growth rates for GDP are in real terms.

5. Population and GNP data for all countries except Taiwan are either from the World Development Indicators, World Bank, or from the World Economic Outlook Database, IMF. Data for Taiwan are from the Directorate-General of Budget, Taiwan.

6. Eurostat data were converted to US$ using exchange rates from the US Federal Reserve.

7. Furniture trade data were processed by CSIL mainly on the basis of UN and Eurostat data. Other sources include: US Census Bureau, Industry Canada, Bancomext (Mexico), Ministry of Finance (Japan), Board of Foreign Trade (Taiwan), Ministry of International Trade and Industry (Malaysia), Thai Customs Department (Thailand).

8. Furniture trade data for all countries except members of the European Union refer either to headings 94.01 and 94.03 of the Harmonized System, excluding seats of a kind used for aircraft and seats of a kind used for motor vehicles, or to code 821 of SITC Rev. 3, excluding seats of a kind used for aircraft, seats of a kind used for motor vehicles, mattresses supports, mattresses and similar furnishing.

9. Furniture trade data for European countries are from Eurostat and refer to the following codes of the Combined Nomenclature: 94.01 and 94.03, excluding seats of a kind used for aircraft and seats of a kind used for motor vehicles.

10. Discrepancies in data presented in different editions of the World Furniture Indicators reflect updates by statistical offices, revisions to historical series and changes in methodology. Readers are advised not to compare data series between different editions of the Indicators. This refers to several European countries, for which CSIL revised the entire series of furniture data. The change was due to the fact that more detailed and more standardized statistics for the European countries are now available.

11. Data for China do not include data for Hong Kong (listed separately). Trade data for China should be used with caution because of discrepancies between Chinese statistics on exports to the US and US statistics on imports from China. Much of the discrepancy stems from transshipments through Hong Kong which are classified differently by different countries. The US attributes to China all imports which are shipped through Hong Kong while China treats this trade as exports to Hong Kong (the last known destination). Markups in price during transshipment (difficult to estimate, amounting probably to about 30% of value) result in additional differences. Discrepancies also exist in treatment of insurance and freight. Finally there are differences due to unrecorded shipments, under-invoicing and misdeclaration of products.


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12. Regarding furniture trade data, there are often discrepancies between the import data recorded by the importing countries and the export data of the relevant exporting countries. This is due to a variety of causes: different treatment of insurance and freight, unrecorded shipments, under-invoicing, fraudulent declarations and time gaps in recording at the end of the year (for example, trade recorded as exports in December and imports in the following January).

13. The 60 countries covered by the World Furniture Indicators were selected by CSIL on the basis of size of the economy, importance of the furniture sector and contribution to world furniture trade. The geographical classification of the 60 countries is as follows:

European Union (27) + Norway and Switzerland: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Portugal, Spain, Sweden, United Kingdom (i.e. the EU 15 less Luxembourg for which furniture data are listed together with those of Belgium), Bulgaria, Cyprus, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Romania, Slovakia, Slovenia (i.e. the 12 new members of the European Union), plus Norway and Switzerland (28 countries).

Central and Eastern Europe outside the EU & Russia: Croatia, Russia, Serbia, Turkey, and Ukraine (5 countries).

Asia and Pacific : China, Hong Kong, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam, Australia, New Zealand (14 countries).

Middle East and Africa : Egypt, Israel, Lebanon, Kuwait, Saudi Arabia, United Arab Emirates and South Africa (7 countries).

North America : Canada, Mexico, US (3 countries).

South America : Argentina, Brazil, Chile (3 countries).

14. The following country groupings are also used:

7 Major industrial countries: Canada, France, Germany, Italy, Japan, UK, US. E4 (Large European economies): France, Germany, Italy, UK. Major furniture exporting emerging countries: China, Poland, Vietnam, Malaysia.

Documents

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