China is the main artery of the global supply of office chairs, accounting for 30.2% of global output in 2019. In 2020, China's exports of office chairs reached 4.018 billion US dollars, with an increase of 44.08%. From the overall production pattern of office furniture, the Asia-pacific region is the main production area of office furniture, accounting for 47% of the global output of office furniture, and China is the main producer. It is followed by North America (28%) and Europe (19%), in which the production is highly concentrated in eight countries, CR8 about 78%. From a dynamic perspective, the production of office furniture increased more in Asia Pacific and North America than in other regions, with a cumulative growth rate of 19/20% from 2013 to 2019 and a slight decline in other regions.
Pictures from Hero Office Furniture: https://www.gdheroffice.com
In 2019, the global office chair market scale is about 25.1 billion dollars. Home office creates new application scenarios + the penetration rate of emerging markets increases, and the market scale continues to grow. It is estimated that the global office chair market scale will reach 31.91 billion dollars in 2025. In 2018, the global office chair market capacity was about 23.6 billion US dollars, with a compound growth rate of about 7.16% in the past five years. Emerging economies such as China, India and Brazil bring the incremental demand for office chairs in the future. In 2018, the market size of office chairs in developing countries was about 13.82 billion US dollars, with a year-on-year growth of 8.8%, higher than the global average of 1.6 PCT.
Under the epidemic situation, home office arouses new scenes and new demands, and China's office chair exports surge. According to customs import and export data, since August 2020, the monthly export data of China's office chair (940130) has been significantly increased compared to the same period last year. From August to December, the monthly export value was 70.6%/71.2%/67.2%/91.7%/92.3% respectively compared to the same period last year. The epidemic has also brought about changes in the structure of sales channels.
China office chair’s import proportion is more than 50% in the main importing countries, occupy the absolute weight, fully reflects the supply chain arterial position. Export proportion to open from the dimension of ten years, the office chair has the highest percentage of exports and growth is most obvious, the export ratio up to 38% in 2019, is the world's biggest exporter, continue to expand the export scale and higher than that of the global industry growth, reflect the European and American enterprises gradually withdraw from raw product processing link, the production process significantly from Europe and the United States to Asian developing countries. With the advantages of abundant labor force and perfect industrial chain, China has become the most important production base of office furniture in the world.
Post time: Dec-11-2021