The kitchen furniture. World market outlook 2013 - Market Research by CSIL (Abstract)
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The kitchen furniture. World market outlook 2013 - Market Research by CSIL (Abstract) The kitchen furniture. World market outlook 2013 - Market Research by CSIL (Abstract) Document Transcript

  • FURNITURE UPHOLSTERED FURNITURE MATTRESSES CONTRACT & LUXURY KITCHEN FURNITURE: WORLD MARKET OUTLOOK Multiclient Research October 2013 W14 OFFICE KITCHEN BATHROOM OUTDOOR & RTA SEMIFINISHED & COMPONENTS MAJOR APPLIANCES LIGHTING FIXTURES All CSIL publications are available for online purchase and immediate download from: http://www.worldfurnitureonline.com Reports are also available in printed form. For further information, please contact: csil@csilmilano.com © Copyright CSIL R2979 CSIL Milano scrl 15 corso Monforte 20122 Milano Italy tel. +39 02 796630 fax +39 02 780703 csil@csilmilano.com – www.csilmilano.com
  • FURNITURE UPHOLSTERED FURNITURE MATTRESSES CONTRACT & LUXURY OFFICE Kitchen furniture: world market outlook KITCHEN Research prepared by M. Amico, D. Cheri, S. Pelizzari Coordinated by S. Colautti BATHROOM OUTDOOR & RTA SEMIFINISHED & COMPONENTS MAJOR APPLIANCES LIGHTING FIXTURES 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 Italian Law (Law 18 August 2000 no. 248) and may give rise to 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. © Copyright CSIL R2979 CSIL Milano scrl 15 corso Monforte 20122 Milano Italy tel. +39 02 796630 fax +39 02 780703 csil@csilmilano.com – www.csilmilano.com
  • Kitchen furniture: world market outlook Contents PART I: THE WORLD MARKET FOR KITCHEN FURNITURE 1  1. Production and consumption 2. Trade 3. The main exporting countries 4. The main importing countries 5. Main trade destinations 6. Trade balance 7. Outlook 2  10  13  18  22  25  28  PART II: COUNTRY TABLES 30 The kitchen furniture sector. Million of US$ Economic indicators Real growth of kitchen furniture consumption. Forecasts Exchange rates Main kitchen furniture trading partners Table C1 Table C2 Table C3 Table C4 Table C5 Table C6 Table C7 Table C8 Table C9 Table C10 Table C11 Table C12 Table C13 Table C14 Table C15 Table C16 Table C17 Table C18 Table C19 Table C20 Table C21 Table C22 Table C23 Table C24 Table C25 Table C26 Table C27 Table C28 Table C29 Table C30 Argentina Australia Austria Belgium Brazil Bulgaria Canada Chile China Croatia Cyprus Czech Republic Denmark Egypt Estonia Finland France Germany Greece Hong Kong Hungary India Indonesia Ireland Israel Italy Japan Kuwait Latvia Lebanon 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 Table C31 Table C32 Table C33 Table C34 Table C35 Table C36 Table C37 Table C38 Table C39 Table C40 Table C41 Table C42 Table C43 Table C44 Table C45 Table C46 Table C47 Table C48 Table C49 Table C50 Table C51 Table C52 Table C53 Table C54 Table C55 Table C56 Table C57 Table C58 Table C59 Table C60 Lithuania Malaysia Malta Mexico Netherlands New Zealand Norway Philippines Poland Portugal Romania Russia Saudi Arabia Serbia Singapore Slovakia Slovenia South Africa South Korea Spain Sweden Switzerland Taiwan Thailand Turkey Ukraine United Arab Emirates United Kingdom United States Vietnam PART III: PROFILES OF SELECTED MAJOR KITCHEN FURNITURE MANUFACTURERS APPENDIX 31/10/2013 © Copyright CSIL is exclusively for of the purchaser. It may R2979 This report part by any meansconsultation on the part prior written permission of not be reproduced in whole or in whatsoever without the CSIL 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 171 I
  • Kitchen furniture: world market outlook List of figures and tables Figure 1.1  Figure 1.2  Figure 1.3  Table 1.1  Table 1.2  Table 1.3  Table 1.4  Table 1.5  Figure 2.1  Figure 2.2  Table 3.1  Table 3.2  Figure 3.1  Figure 3.2  Table 4.1  Table 4.2  Figure 4.1  Figure 4.2  Table 5.1  Table 5.2  Table 6.1  Table 6.2  Table 7.1  Figure 7.1  Table 7.2  World production of kitchen furniture, 2012: High Income countries and Middle and Low Income countries. Percentage values 3  World consumption of kitchen furniture, 2012: High Income countries and Middle and Low Income countries. Percentage values 4  Kitchens yearly sold per 1000 households, 2012. Units 4  World market of kitchen furniture production and consumption, 2012: focus on 60 countries. US$ million. Comparison with macro indicators. Ranking by production 5  World market of kitchen furniture production and consumption, 2012: focus on 60 countries. EUR million. Comparison with macro indicators. Ranking by production 6  World market of kitchen furniture: production, international trade and consumption, 2012: focus on 60 countries. US$ million. Ranking by production 7  World market of kitchen furniture: production, international trade and consumption, 2012: focus on 60 countries. EUR million. Ranking by production 8  World market of kitchen furniture: production, international trade and consumption, 2012: focus on 60 countries. Thousand units. Ranking by production 9  World Trade of kitchen furniture, 2007-2013. Current US$ billion and annual percentage changes 11  World Trade of kitchen furniture, 2007-2013. Current EUR billion and annual percentage changes 12  Exports of kitchen furniture, 2007-2012: focus on 60 countries. US$ million and annual percentage changes 15  Exports of kitchen furniture, 2007-2012: focus on 60 countries. EUR million and annual percentage changes 16  Five major exporting countries of kitchen furniture. Exports, 2007-2012. US$ million 17  Five major exporting countries of kitchen furniture. Exports, 2007-2012. EUR million 17  Imports of kitchen furniture, 2007-2012: focus on 60 countries. US$ million and annual percentage changes 19  Imports of kitchen furniture, 2007-2012: focus on 60 countries. EUR million and annual percentage changes 20  Five major importing countries of kitchen furniture. Imports, 2007-2012. US$ million 21  Five major importing countries of kitchen furniture. Imports, 2007-2012. EUR million 21  Kitchen furniture. Main destination of exports for 60 countries, 2012. Percentage values 23  Kitchen furniture. Main origin of imports for 60 countries, 2012. Percentage values 24  Trade balance of kitchen furniture 2007-2012: focus on 60 countries. US$ million 26  Trade balance of kitchen furniture 2007-2012: focus on 60 countries. EUR million 27  Evolution of world GDP. Annual percentage change in real terms 28  Kitchen furniture consumption by income group, 2014 Forecasts of yearly changes in real terms 28  Real growth of GDP: focus on 60 countries, alphabetical order. Historical data and forecast. Percentage values 29  31/10/2013 © Copyright CSIL is exclusively for of the purchaser. It may R2979 This report part by any meansconsultation on the part prior written permission of not be reproduced in whole or in whatsoever without the CSIL II
  • Kitchen furniture: world market outlook PART I: THE WORLD MARKET FOR KITCHEN FURNITURE 31/10/2013 © Copyright CSIL is exclusively for of the purchaser. It may R2979 This report part by any meansconsultation on the part prior written permission of not be reproduced in whole or in whatsoever without the CSIL 1
  • KitchengfurnitureAgworldgmarketgoutlook Table$1.1$ World$market$of$kitchen$furniture$production$and$consumption,$2012:$focus$on$60$countriesJgUSG$ millionJgComparisongwithgmacrogindicatorsJgRankinggbygproductiong Consumption$ Per$capita$GNP$ per$capita$ USG$million$ USG$million$ Million$ USG$ USG$ UnitedgStatesg BGz BBg P65GF6 Japang GFM DGg zN5MN6 Chinag G5BPG Bg P5Nz6 Germany MF BVg zz56G6 Canadag BP DVg P65VN6 Italy DG FDg BB5Mz6 Russiag Gzz GNg GF5N66 UnitedgKingdomg DB BFg BM5FP6 Franceg DD FDg zG5NP6 SouthgKoreag P6 FFg FF5DN6 Spaing zD GMg B65GG6 Brazilg GVV zg GG5DB6 Turkey Nz G6g G65MB6 Australiag FB BGg PV5PN6 Polandg BV Gzg GF5DN6 Denmarkg D Nzg PV5NN6 Swedeng G6 PFg PD5FG6 Indiag G5FBN 6g G5PB6 Belgiumg GG zNg zz5VV6 Netherlandsg g GN FDg zM5FP6 Austriag M PBg zM5GD6 Malaysiag FV Bg V5M66 Finlandg P zMg zD5Vz6 Vietnamg MV Fg G5z66 Mexicog GFG Fg V5Nz6 CzechgRepublicg GG GMg GM5GB6 Israelg M FBg FM5VB6 Irelandg P BFg BM5VN6 Switzerlandg M D6g MF5NB6 Taiwang GFzg GzV FB Dg F65DV6 UnitedgArabgEmiratesg GF6g GBF V Gzg BD56z6 Ukraineg zD Bg B5P66 Sloveniag F zNg FF5NG6 Thailandg G6Bg MN DN Gg P5FG6 Norway VMg B66 P D6g VM5MD6 NewgZealandg Vzg G6G z FBg B65DF6 Chileg VBg G66 GN Dg Gz5FM6 Romaniag V6g VN FG Pg M5zF6 Indonesiag MVg zB FzN 6g B5zF6 Slovakiag Mzg zM P Vg GN5GN6 Portugalg MGg NB GG Ng F65PM6 SouthgAfricag NVg MB PG Fg N5DG6 SaudigArabiag Nzg GBN FM Pg GM56B6 Greeceg N6g Mz GG Ng FB5FD6 Singaporeg DMg MF P GDg zN5FG6 Hungary PNg PD G6 Dg GF5BV6 Lithuaniag zNg FV B G6g GB5MP6 Argentinag zDg zN zG Gg GG5B66 Egyptg zPg zD MG Gg B5666 Croatiag BDg DG z Gzg GB5FV6 Philippinesg BFg BB VN 6g F5zN6 Hong Kong BGg zM N Ng BD5PD6 Bulgariag FVg BB N Pg D5MN6 Estoniag FVg GM G Gzg GP5MB6 Serbiag FFg F6 N Bg P5FM6 Lebanong GMg Fz z Pg V5GV6 Kuwaitg GMg zV B GPg zz5NB6 Latviag GBg GD F Mg Gz5GM6 Cyprusg Mg G Vg FD5666 Maltag Pg GF 6 FMg GV5ND6 Total$ 48,368$ 47,220 5,060 9$ 13,007 SourceAgCSILgprocessinggofgofficialgdatag 6gmeansgzerogorglessgthanghalfgthegunitgshowng PopulationgandgGNPgdatagaregforgF6GFg.fromgthegWorldgDevelopmentgIndicatorsgF6GBbg Country$ Production$ Consumption$ Population$ BG8G68F6GBg ©gCopyrightgCSILg RFVNVg ThisgreportgisgexclusivelygforgconsultationgongthegpartgofgthegpurchaserJgItgmaygnotgbegreproducedging wholegorgingpartgbyganygmeansgwhatsoevergwithoutgthegpriorgwrittengpermissiongofgCSILg 5$
  • KitchengfurnitureAgworldgmarketgoutlook TableS1.3S WorldSmarketSofSkitchenSfurniture:Sproduction5SinternationalStradeSandSconsumption5S2012:SfocusSonS60S countries.SUSPSmillionJgRankinggbygproductiong CountryS UnitedgStatesg Japang Chinag Germany Canadag Italy Russiag UnitedgKingdomg Franceg SouthgKoreag Spaing Brazilg Turkey Australiag Polandg Denmarkg Swedeng Indiag Belgiumg Netherlandsg Austriag Malaysiag Finlandg Vietnamg Mexicog CzechgRepublicg Israelg Irelandg Switzerlandg Taiwang UnitedgArabgEmiratesg Ukraineg Sloveniag Thailandg Norway NewgZealandg Chileg Romaniag Indonesiag Slovakiag Portugalg SouthgAfricag SaudigArabiag Greeceg Singaporeg Hungary Lithuaniag Argentinag Egyptg Croatiag Philippinesg Hong Kong Bulgariag Estoniag Serbiag Lebanong Kuwaitg Latviag Cyprusg Maltag TotalS ProductionS V5PNBg N5DPNg P544Dg z5VNPg F5zB4g F5FVNg F5FPzg G5MVVg G5FGVg G54NVg VBMg MNNg NNPg DDGg D4Fg PN4g PBzg PF4g BB4g BGVg B4Dg FV4g FzPg FzFg FBMg GNFg GNFg GBMg GFzg GFzg GF4g GF4g G4Pg G4Bg VMg Vzg VBg V4g MVg Mzg MGg NVg Nzg N4g DMg PNg zNg zDg zPg BDg BFg BGg FVg FVg FFg GMg GMg GBg Mg Pg 485368S SourceAgCSILgprocessinggofgofficialgdatag ExportsS ImportsS USP million GFG NNB B GFz MMV G4B G5VFM GFB GzN GBV NN4 BM GG FFM Bz GBV VF PMN GM z4 GzV zM zD G FM FF G zz ND GD GMV BF GGN NM D B4 FM FFD FP GP4 M4 FFz F4z GF B GM MM F GM Gz FD zD 4 Gz G G4 z BPM G FD FD BN GM FN FM GV Fz M G F4B G N G M z GF zV B zV GB FP GN B N B DP B GN G GP D z FG z F B 4 G G FD F B G GM F D GB F z F F M G BF D V P M G M 55404 45257 ConsumptionS G45FFP N5NNN z5FF4 B5GN4 F5zFB G5PDz F5zN4 F544P G5NGz G5G44 MBN MBB NDV N4z PzB zGF zVP Pzz PFM zzB zP4 VM FD4 GPN FBz GVF GMP GzN zNV GzV GBF GFV VN MN B44 G4G G44 VN zB zM NB MB GBN Mz MF PD FV zN zD DG BB zM BB GM F4 Fz zV GD G4 GF 475220 Export/S Import/ ProductionSratioS ConsumptionSratio ES Gg M 4g F GMg F BVg z Dg D Bzg F 4g V Fg N Mg Bz Fg z GDg D Pg 4 zg B 4g D GBg B BBg M FFg GD Gg P Vg zB Mg Bz FDg P4 N4g GF Gg N BDg G Mg D GPg Fz 4g M 4g N Bg NP Gg GN FGg FM GPg FG FDg F4 FBg V Gg DM Gg N Gg M Pg GF PPg M PVg FN BGg FB zg V zg zM Pg F4 Gg GV G4g M zPg Gz Pg N 4g F Fg zB Ng G4 Fg BD Dg GM zzg G4 GVg GG GFg BB Mg DN zNg PD DPg Nz GVg DD 11S 9 4gmeansgzerogorglessgthanghalfgthegunitgshowng BG6G46F4GBg ©gCopyrightgCSILg RFVNVg ThisgreportgisgexclusivelygforgconsultationgongthegpartgofgthegpurchaserJgItgmaygnotgbegreproducedging wholegorgingpartgbyganygmeansgwhatsoevergwithoutgthegpriorgwrittengpermissiongofgCSILg 7S
  • Kitchengfurniture:gworldgmarketgoutlook Figure 2.1 World Trade of kitchen furniture, 2007-2013. CurrentgUSTgbilliongandgannualgpercentagegchangesg 7 6 583 585 489 5 484 2%-% 2%-- 2%-2 485 2%%9 488 58% 4 3 2 % 2%%7 2%%8 2%-3 annualgpercentagegchanges 3%s 22s -9s -4s 8s 3s 6s 4-s 2s 4s 42s 4-%s 42%s 4-8s 426s 2%%7 2%%8 2%%9 2%-% 2%-- Source:gCSILg 3-6-%62%-3g ©gCopyrightgCSILg R2979g Thisgreportgisgexclusivelygforgconsultationgongthegpartgofgthegpurchaser8gItgmaygnotgbegreproducedging wholegorgingpartgbyganygmeansgwhatsoevergwithoutgthegpriorgwrittengpermissiongofgCSILg 2%-2 2%-3 2%-3:gpreliminarygestimateg 11
  • Kitchengfurniture:gworldgmarketgoutlook Figure 3.1 Five major exporting countries of kitchen furniture. Exports, 2007-2012. USTgmilliong EMM7 EMM8 EMM9 EMDM EMDD EMDE E4MM EMMM D6MM DEMM 8MM 4MM M Germany China Italy Malaysia Denmark Source:gCSILg Figure 3.2 Five major exporting countries of kitchen furniture. Exports, 2007-2012. EURgmilliong EMM7 EMM8 EMM9 EMDM EMDD EMDE D8MM D5MM DEMM 9MM 6MM 5MM M Germany China Italy Malaysia Denmark Source:gCSILg 5DGDMGEMD5g ©gCopyrightgCSILg RE979g Thisgreportgisgexclusivelygforgconsultationgongthegpartgofgthegpurchaser6gItgmaygnotgbegreproducedging wholegorgingpartgbyganygmeansgwhatsoevergwithoutgthegpriorgwrittengpermissiongofgCSILg 17
  • Kitchengfurniture:gworldgmarketgoutlook Figure 4.1 Five major importing countries of kitchen furniture. Imports, 2007-2012. USTgmilliong Ezz7 Ezz8 Ezz9 EzBz EzBB EzBE BEzz Bzzz 8zz 6zz 4zz Ezz z UnitedgStates France Switzerland Russia Belgium Source:gCSILg Figure 4.2 Five major importing countries of kitchen furniture. Imports, 2007-2012. EURgmilliong Ezz7 Ezz8 Ezz9 EzBz EzBB EzBE Bzzz 8zz 6zz 4zz Ezz z UnitedgStates France Switzerland Russia Belgium Source:gCSILg 3BFBzFEzB3g ©gCopyrightgCSILg RE979g Thisgreportgisgexclusivelygforgconsultationgongthegpartgofgthegpurchaser8gItgmaygnotgbegreproducedging wholegorgingpartgbyganygmeansgwhatsoevergwithoutgthegpriorgwrittengpermissiongofgCSILg 21
  • Kitchen furniture: world market outlook KITCHEN FURNITURE INDICATORS IRELAND TABLE C24 The kitchen furniture sector. Million of US$ 2008 2009 2010 Production 200 173 Exports 2 1 Imports 39 18 Consumption* 237 191 Exp/Prod(%) 1 0 Imp/Cons(%) 17 10 * Apparent consumption = Production – Exports + Imports Sources: CSIL, Eurostat 2011 2012 Ranking** (000) Units*** 154 152 138 28 2 2 1 55 15 12 10 41 167 163 147 30 1 1 0 9 7 7 ** Ranking of Ireland among 60 countries, last available year *** Data are for the last available year 59 0 4 63 Economic indicators Value Population Million Marriages Thousand Total GNP Billions of US$ Per capita GNP US$ Household Consumption Expenditure Billions of US$ Source: World Bank, last available year (normally 2012) Ranking* 5 20 179 38,970 100 * Ranking of Ireland among 60 countries, last available year 50 50 44 17 44 Real growth of kitchen furniture consumption. Forecasts 2013 2014 -8% -3% Source: CSIL Exchange rates xxxxxxxxxxxxx EUR per US$ Source: US Federal Reserve 2008 2009 2010 2011 2012 0.68 0.72 0.75 0.72 0.78 Main kitchen furniture trading partners of Ireland Origin of kitchen furniture imports United Kingdom 47.1% Germany 34.8% Lithuania 5.0% China 4.7% Italy 3.2% Destination of kitchen furniture exports United Kingdom 52.9% United States 28.2% Qatar 7.6% China 6.9% Iceland 2.0% India 1.7% Australia 0.7% Switzerland 0.1% Source: CSIL. Data are for the last available year 31/10/2013 © Copyright CSIL is exclusively for of the purchaser. It may R2979 This report part by any meansconsultation on the part prior written permission of not be reproduced in whole or in whatsoever without the CSIL 54
  • Kitchen furniture: world market outlook PART III: PROFILES OF SELECTED MAJOR KITCHEN FURNITURE MANUFACTURERS 31/10/2013 © Copyright CSIL is exclusively for of the purchaser. It may R2979 This report part by any meansconsultation on the part prior written permission of not be reproduced in whole or in whatsoever without the CSIL 91
  • Kitchen furniture: world market outlook CSIL conducts an extensive effort in order to identify the Top players operating in the kitchen furniture sector at a global level, analysing their performance and the strategies adopted. The selection process of these companies was based on a review of a wide set of information, including CSIL inhouse data as well as other data. Companies were ranked according to the value of total furniture turnover and classified according to their main product specialization. The list here presented includes 35 kitchen furniture manufacturers. The kitchen segment is quite concentrated, with leading companies/group being large, operating on average 6 plants per company and a accounting for a considerable share of total segment production. These companies can also count on a long established tradition in kitchen furniture manufacturing, the majority of them being established before the 1990s. The leading companies generate a turnover which ranges from US$ 100 million to well over US$ 1 billion, with an average turnover per employee well above the total furniture sector average. Among the top 35 kitchen furniture manufacturers, 7 are US headquartered, 7 are German and 4 are Italian. The others are spread in other EU countries + Turkey and Russia, in Asia (Japan, South Korea) and Latin America (Brazil). In terms of strategies implemented, at least for these top players, product innovation seems a priority but investments in retailing strategies are also frequent. For a detailed description of each company see the following section. 31/10/2013 © Copyright CSIL is exclusively for of the purchaser. It may R2979 This report part by any meansconsultation on the part prior written permission of not be reproduced in whole or in whatsoever without the CSIL 92
  • KitchengFurnitureEgworldgmarketgoutlookg Company profiles Company Name Country VFGgKitchensgandgRefrigerationgTechnologygDivisiong Vlnog VmericangWoodmarkg Vrmstrongg Yallingslövg YauformatgGroupg YruynzeelgKeukensg Yulthaupg Cleanupg CucinegLubeg EczacibasigHoldingg ElkaygCabinetryg FortunegYrandsg GrupogYertolinig HäckergKücheng Hanssemg HowdengJoinerygGroupgPlcg Itatiaiag MaryagFurnituregFactoryg Mascog NEFSg Nobiag Nobiliag Norcraftg RSIg Sabagg SVLMg Scavolinig Schüllerg SieMaticg Snaiderog SociétégFournierg SymphonygGroupg VenetagCucineg YamahagLivingtecg Switzerlandg Germanyg USVg USVg Swedeng Germanyg Netherlandsg Germanyg Japang Italyg Turkeyg USVg USVg Yrazilg Germanyg SouthgKoreag UnitedgKingdomg Yrazilg RussiangFederationg USVg SouthgKoreag Swedeng Germanyg USVg USVg Switzerlandg Franceg Italyg Germanyg Germanyg Italyg Franceg UnitedgKingdomg Italyg Japang U56546W45Ug RWJ8Jg Total Revenues , last available year (US$ million) Wö,g B8,g B5ög WGö5Jg UBNg W84g W4ög 5öBg 5GWJ8g 5N8g UG5N4g WB4g UGBJ5g 5JUg ,JUg öJBg 5G,4ög ,54g 5W5g 8G8,Bg 5,5g 5GNWUg 5G5BBg WöJg ,B5g 5BJg B44g WJBg UNög 5UJg Wö,g UWUg 5öJg 5JJg ,N8g ©gCopyrightgCSILg ThisgreportgisgexclusivelygforgconsultationgongthegpartgofgthegpurchaserzgItgmaygnotgbegreproducedgingwholegorgingpartgbyganyg whatsoevergwithoutgthegpriorgwrittengpermissiongofgCSIL 93
  • Kitchen furniture: world market outlook Appendix This chapter contains notes, presentation conventions and classification of the countries, as a guide to understanding the report. 1. Billion means 1,000 million. 2. 0 means zero or less than half the unit shown. 3. All dollar figures are in current US$ unless otherwise indicated. US$ data were converted to Euro using exchange rates from the US Federal Reserve. 4. Figures in italics indicate data that are for the previous year. 5. Growth rates for GDP are in real terms. 6. 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. 7. Trade data were processed by CSIL mainly on the basis of United Nations Comtrade database, DESA/UNSD and Eurostat data. Other sources include: US Census Bureau, Industry Canada, Ministry of Finance (Japan), Board of Foreign Trade (Taiwan), Thai Customs Department (Thailand). 8. Trade data of Kitchen furniture for all countries refer to heading 94.03 of the Harmonized System/Combined Nomenclature1. The following sub-heading is included: 94.03.40 (Wooden furniture of a kind used in the kitchen). 9. Data in quantities refer to the last available year (normally 2012). Trade data in quantities are tentative estimates by CSIL. 10. Production and Apparent consumption data refer to the last available year (normally 2012). 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 trans-shipments 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). Mark-ups in price during trans-shipment (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. 12. Regarding 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). 1 The Harmonized System Classification (HS) is a standardized numerical method of classifying traded product. It is composed by headings organized in four hierarchical levels: sections coded by Roman numerals, chapters identified by two-digit numerical codes, headings identified by four-digit numerical codes and sub-headings identified by six-digit numerical codes. The HS classification is further disaggregated at European Union level into a classification called Combined Nomenclature (CN) which comprises 8-digit sub-headings. The six digit numerical codes of the HS correspond to the six digit codes of the CN. 31/10/2013 © Copyright CSIL is exclusively for of the purchaser. It may R2979 This report part by any meansconsultation on the part prior written permission of not be reproduced in whole or in whatsoever without the CSIL 171
  • Kitchen furniture: world market outlook 13. The 60 countries covered by the World Indicators of kitchen furniture were selected by CSIL on the basis of size of the economy, importance of the major furniture sector and contribution to world trade of kitchen furniture. 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 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 EU 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, the US (3 countries). South America : Argentina, Brazil, Chile (3 countries). 14. Classification of countries by income (high income/middle and low income) is based on the following World Bank definition: Economies are divided among income groups according to 2007 gross national income (GNI) per capita, calculated using the World Bank Atlas method. 15. It is not simple to provide homogeneous figures for all the analysed countries, but in principle we are trying to show: figures at factory prices; excluding appliances; including worktops. 16. Discrepancies in data presented in different editions of the report 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 report 17. Other symbols used: n.a.: not available; n.s.: not significant; n.c.: not calculable; e: estimate. Table 0.0 Exchange rates US$ and EUR, 2007-2013 2007 US$ per EUR 2008 2009 2010 2011 2012 1.3711 1.4726 1.3935 1.3261 1.3931 1.2859 2013 1.32 Source: US Federal Reserve 31/10/2013 © Copyright CSIL is exclusively for of the purchaser. It may R2979 This report part by any meansconsultation on the part prior written permission of not be reproduced in whole or in whatsoever without the CSIL 172