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The imports/consumption ratio for the 70 most important countries increased rapidly in the years preceding the 2009 recession, and has now stabilized at a level a little below 30%. Import penetration is extremely uneven, with very low values in emerging countries and varying values in the main higher income countries. International trade of furniture is large, and constitutes about 1% of total international trade best furniture manufacture in China. It grew rapidly until 2008, dropped by 19% in 2009 and has now recovered to the pre-recession level. A 4% growth in current US dollars is expected in 2013. Emerging economies will grow faster than advanced countries in the next few years. In 2013 growth of furniture demand will be strong in Asia and South America and modest in North America, while virtual stagnation will continue in Europe with the exception of Eastern Europe. The expected growth of import penetration in emerging countries in a period of increasing demand will offer interesting opportunities to furniture exporters.
After the crisis, the global furniture market is again on a growing trend, buy wooden dining chairs in different parts of the world. Trade barriers are lowering and import penetration is increasing. Foreign markets are within everyone's reach.
On the other side, global sourcing strategies and international fragmentation of production are moving the operating boundaries of companies far from the head-quarters. Are the largest furniture players catching the opportunities through effective internationalization strategies? Are the key players performing better than other companies? Is there some lesson to learn? Cheap Rattan Chairs for sale invested in research activity in order to answer to those questions: the report summarizes the results of this comparative analysis.
The study is aimed at analyzing the performance and the strategies of the leading players in the global furniture scenario and, more in depth, to analyze if they are taking advantage of the growth opportunities globally, through effective internationalization strategies and adequate product differentiation and product innovation strategies.