The increased global population and their demands for the latest trends lead to higher trade of this product. The significant growth of the furniture industry has led to a staggering import value of 200 billion US dollars in 2023. The total import trade value of this top global commodity has recorded an import value of 150 billion US dollars and 180 billion US dollars in 2021 and 2022 with a reported growth rate of 4% in 2023. United States, Germany, Japan, China, and the United Kingdom are some of the top 5 contributors to global furniture trade with an import trade value of 38.8 billion US dollars, 22.1 billion US dollars, 18 billion US dollars, 15 billion US dollars and 11 billion US dollars.

Similar to the tremendous import trade growth rate, the export growth of the nation has also been improved at an exponential rate supporting the global generated annual revenue of many trade holders. The Global Furniture Export Data have reported that the rapidly expanding growth rate of this product has recorded an export trade value of 430 billion US dollars in 2023 followed by a value of 210 billion US dollars and 250 billion US dollars in 2021 and 2022 reporting a growth rate of 5% in 2023. The vast expanding manufacturing industries of wooden equipment across the globe have recorded countries like China, Germany, Italy, Poland, and the United States as its top exporters with an export trade value of 70 billion US dollars, 22 billion US dollars, 21 billion US dollars, 14 billion US dollars, and 12 billion US dollars.

Top 10 Importers of Furniture 2023

The globally rising demand for this well-furnished wooden equipment is leading to a higher rate of its import at a global rate. As per the Global Furniture Import Data, the top 10 importers with trade values of 2023 are discussed below,

• United States – According to the USA Import Data, the Import trade rate of furniture in 2023 is 38.8 billion US dollars.

• Germany – According to the Germany Import Data, the Import trade rate of furniture in 2023 is 22.1 billion US dollars.

• Japan – According to the Japan Import Data, the Import trade rate of furniture in 2023 is 18 billion US dollars.

• China – According to the China Import Data, the Import trade rate of furniture in 2023 is 15 billion US dollars.

• United Kingdom – According to the United Kingdom Import Data, the Import trade rate of furniture in 2023 is 11 billion US dollars.

• Italy – According to the Italy Import Data, the Import trade rate of furniture in 2023 is 10.7 billion US dollars.

• Canada – According to the Canada Import Data, the Import trade rate of furniture in 2023 is 9 billion US dollars.

• Switzerland – According to the Switzerland Import Data, the Import trade rate of furniture in 2023 is 7.5 billion US dollars.

• Vietnam – According to the Vietnam Import Data, the Import trade rate of furniture in 2023 is 6.5 billion US dollars.

• Australia – According to the Australia Import Data, the Import trade rate of furniture in 2023 is 5.5 billion US dollars.

Top 10 Exporters of Furniture 2023

To match the rising global needs the top global trade leaders are increasing the number of its production leading to a staggering growth in export. As per the Global Furniture Trade Data, the export trade values of the top 10 exporters are discussed below,

• China – As per the China Export Data, the export trade rate of furniture in 2023 is 70 billion US dollars.

• Germany – As per the Germany Export Data, the export trade rate of furniture in 2023 is 22 billion US dollars.

• Italy – As per the Italy Export Data, the export trade rate of furniture in 2023 is 21 billion US dollars.

• Poland – As per the Poland Export Data, the export trade rate of furniture in 2023 is 14 billion US dollars.

• United States – As per the USA Export Data, the export trade rate of furniture in 2023 is 12 billion US dollars.

• Vietnam – As per the Vietnam Export Data, the export trade rate of furniture in 2023 is 10 billion US dollars.

• Canada – As per the Canada Export Data, the export trade rate of furniture in 2023 is 9 billion US dollars.

• Malaysia – As per the Malaysia Export Data, the export trade rate of furniture in 2023 is 8 billion US dollars.

• India – As per the India Export Data, the export trade rate of furniture in 2023 is 7 billion US dollars.

• Indonesia – As per the Indonesia Export Data, the export trade rate of furniture in 2023 is 6 billion US dollars.

Top 10 Leading Producers of Furniture 2023

The leading producing or manufacturing companies across the globe are the controllers of the whole global import and export trade. As per the Global Furniture Customs Shipment Data, the export rates of the top producing companies are discussed below,

• IKEA – Export Trade Value of IKEA 2023 – 50 billion US Dollars.

• Ashley Furniture Industries – Export Trade Value of Ashley Furniture Industries 2023 – 35 billion US Dollars.

• Steelcase Inc – Export Trade Value of Steelcase Inc 2023 – 25 billion US Dollars.

• HNI Corporation – Export Trade Value of HNI Corporation 2023 – 20 billion US Dollars.

• Godrej and Boyce Manufacturing Co Ltd – Export Trade Value of Godrej and Boyce Manufacturing Co Ltd 2023 – 15 billion US Dollars.

• Herman Miller Inc – Export Trade Value of Herman Miller Inc 2023 – 10 billion US Dollars.

• HNI International – Export Trade Value of HNI International 2023 – 8 billion US Dollars.

• Haworth Inc – Export Trade Value of Haworth Inc 2023 – 7 billion US Dollars.

• Dorel Industries Inc – Export Trade Value of Dorel Industries Inc 2023 – 6 billion US Dollars.

• Knoll Inc – Export Trade Value of Knoll Inc 2023 – 5 billion US Dollars.

FAQ’s

Que. What is the total import value of furniture in 2023?
Ans. The total import value of furniture in 2023 is 100 billion US dollars.

Que. Who is the top producer of furniture in 2023?
Ans. The top producer of furniture in 2023 is IKEA.

Que. Where can you get the detailed trade analysis of furniture trade 2023?
Ans. At Import Globals, you can get a detailed trade analysis of furniture trade in 2023.

www.importglobals.com ; info@importglobals.com