Article from CSIL magazine "World Furniture - International Market Review" nr.69 March/2016 providing an overview of the furniture global market in 2016.

1. orld furniture consumption reached
US$ 455 billion in 2014, with an
increase of about US$ 17 billion over
2013. Expected rate of growth of furniture
consumption for 2015 is +2.8% in real terms.
The calculation is based on CSIL processing
of data from official sources, both national and
international, that cover the 70 most important
countries.
For the year 2016 growth of furniture demand
worldwide is forecasted at +2.8% in real
terms, as well. A summary of forecasts for fur-
niture consumption in the 70 monitored coun-
tries (grouped by geographical region) is
shown in the chart.
The leading furniture importers on a world
scale are the United States, Germany,
France, the United Kingdom and Canada. In
the last five years the increase of furniture
imports in the U.S. (from US$ 19 billion in
2009 to about US$ 32 billion in 2015) was the
main engine of growth in international trade of
furniture.
The ratio between imports and consumption
rose from 29.3% in 2005 to 30.2% in 2008,
decreased to 27.2% in 2009 and remained
below the pre-recession maximum thereafter.
In essence, the bulk of international trade of
furniture originates in China, Germany, Italy,
Poland and Vietnam and goes to the U.S.,
Germany, France, the UK and Canada.
The World Furniture Outlook report assumes
that the international scenario will be as
shown in table 1.
In the last ten years world trade of furniture
(defined as the average between total furni-
ture exports from the 70 major countries and
total furniture imports into the 70 major coun-
tries) has grown faster than furniture produc-
tion and has consistently amounted to about
1% of world trade of manufactures.
World trade of furniture amounted to US$ 94
billion in 2009 (19% below the previous year)
and grew in the following years to US$ 134
billion in 2014.
If the world scenario shown in table 1 materi-
alizes, the forecast for world trade of furniture
would be as follows:
www.worldfurnitureonline.com 11WF • March 2016
SPECIAL REPORT
MARKETS
FORECAST SCENARIO
CSIL OUTLOOK
FOR THE GLOBAL
MARKET IN 2016
W
FURNITURE CONSUMPTION BY GEOGRAPHICAL REGION, 2016.
FORECASTS OF YEARLY CHANGES IN REAL TERMS
1
Abstract of the 'World Furniture Outlook 2016'
report by CSIL (www.worldfurnitureonline.com)
World furniture consumption reached US$ 455 billion in 2014, with an increase of about US$ 17 billion over 2013.
Expected rate of growth of furniture consumption for 2015 is +2.8% in real terms. The calculation is based on
CSIL processing of data from official sources, both national and international, that cover the 70 most important
countries.
For the year 2016 growth of furniture demand worldwide is forecasted at +2.8% in real terms, as well. A summary
of forecasts of furniture consumption in the 70 countries (grouped by geographical region) is as follows:
Figure 1 Furniture consumption by geographical region, 2016.
Forecasts of yearly changes in real terms
Source: CSIL
The leading furniture importers are the United States, Germany, France, the United Kingdom and Canada. In the
last five years the increase of furniture imports in the US (from US$ 19 billion in 2009 to about US$ 32 billion in
2015) was the main engine of growth in international trade of furniture.
Source: CSIL
MAJOR FURNITURE IMPORTING COUNTRIES.
IMPORTS, 2009-2015. CURRENT US$ BILLION
TABLE 1 EVOLUTION OF WORLD GDP. ANNUAL PERCENTAGE CHANGE IN REAL TERMS
Source: CSIL processing of United Nations, Eurostat and national data 2015: Preliminary
Source: IMF, World Economic Outloook, Oct 2015
by Alessandra Tracogna
CSIL Industry and Country Studies

2. www.worldfurnitureonline.com
SPECIAL REPORT
MARKETS
FORECAST SCENARIO
12 March 2016 • WF
MAJOR FURNITURE EXPORTING COUNTRIES.
EXPORTS, 2009-2015. CURRENT US$ BILLION
WORLD TRADE OF FURNITURE.
CURRENT US$ BILLION AND ANNUAL PERCENTAGE CHANGES
Source: CSIL *Preliminary ** Projected
Source: CSIL processing of United Nations, Eurostat and national data 2015: Preliminary
The following countries are covered in
the ’World Furniture Outlook’ report
issued by CSIL (edition November 2015):
Algeria • Argentina • Australia • Austria
• Bahrain • Belgium • Bosnia and
Herzegovina • Brazil • Bulgaria • Canada
• Chile • China • Colombia • Croatia
• Cyprus • Czech Republic • Denmark
• Egypt • Estonia • Finland • France
• Germany • Greece • Hong Kong, China
• Hungary • Iceland • India • Indonesia
• Ireland • Israel • Italy • Japan
• Kazakhstan • Kuwait • Latvia • Lebanon
• Lithuania • Malaysia • Malta • Mexico
• Morocco • Netherlands • New Zealand
• Norway • Oman • Philippines • Poland
• Portugal • Qatar • 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 • Venezuela • Vietnam.
For more information about CSIL report
“World Furniture Outlook 2016” please
contact: csil@csilmilano.com
Online purchase and immediate down-
load of all CSIL reports at:
www.worldfurnitureonline.com
CSIL corporate website at:
www.csilmilano.com
• a contraction in current US$ in 2015
(mostly as a consequence of the deprecia-
tion of currencies of some major advanced
economies in relation to the US$) and
• a resumption of growth in 2016 (+1%) and
2017 (+5%).
The World Furniture Outlook report con-
tains data on furniture production, con-
sumption and trade for 70 countries.
Demand forecasts for 2016 and 2017 are
also included.