Russian software furniture market growth rate declines
More than one-third of Russia's soft-pack furniture production is concentrated in the Central Federal District, especially Moscow, Moscow, Yaroslavl and Ryazan. The second place in the soft pack furniture production is the Federal District along the Volga River, and the third is the Northwest Federal District.
Despite the increase in production, Russia’s exports of soft-pack furniture are still decreasing. The imported products in the Russian soft pack furniture market account for a considerable proportion. In 2010, the volume of imports and the value of goods increased. Russia's largest exporter of soft-pack furniture is China and Italy.
The soft pack furniture market is one of the furniture market segments in the furniture market that suffered the least from the 2008-2009 economic crisis. Unlike other parts of the furniture market, the soft pack furniture market in 2010 has actually returned to pre-crisis levels. This is due to the accumulation of demand for soft-pack furniture, especially for economical furniture. Analysts said that the soft pack furniture market will continue to maintain the pre-crisis trend, and the market growth rate has begun to slow down and reached 7% in 2014.
Myanmar stops wood processing
From the end of the 2010/11 fiscal year, Myanmar has stopped the processing of processing cooperation between Myanmar timber companies and private companies. The vice chairman of the association said that the main reason for stopping the method was that some private enterprises could not settle the payment within the prescribed time after obtaining the timber from the country through credit sales. Second, the Myanmar timber company would sell timber to private enterprises through other channels. . The processing method of incoming materials has been implemented since January 2004. At the beginning, only 6 companies were trial-tested and then developed to 100 companies. Before the method was stopped, there were 50 companies in Yangon, 10 companies in Mandalay, and 10 in Bogu. Home businesses are still operating this way.
Incoming processing means that the Burmese timber company sells the logs to private enterprises, and the private enterprises produce finished products (sawn timber) and export them in the name of Burmese timber companies. The Burmese timber company has stipulated that the payment will be settled within three months, but some enterprises will not be able to settle the payment for three or four years. The timber company stipulates that the purchase price will not be settled within 3 months, and a fine of 10,000 US dollars will be paid to the Myanmar timber company every fiscal year. The main reason for the inability of private companies to settle their purchases was the economic sanctions imposed on Myanmar in 2007, which made it impossible to export timber products. Second, after the 2008 economic crisis, high-grade wooden furniture such as teak was not purchased. The factory that originally used the processing method can export 7 to 100 containers per year, 12 to 15 tons per container. After this method is stopped, it will have a great impact on the employees of enterprises and enterprises that operate in this way.
2011 US furniture industry will continue to grow slowly
According to the latest forecast of the International Research Organization Milan Furniture Research Institute (CSIL), the US furniture industry will continue to grow slowly in 2011. Excluding the impact of price inflation, total US furniture consumption increased by 1% in 2010. According to CSIL's forecast, the next year will be the same as this year, and the growth will remain at around 1%. According to forecasts, in the 70 countries covered by the 2011 World Furniture Market Outlook report, real furniture demand growth in 2011 was only 3.3%.
CSIL said that global GDP grew by 4.8% in 2010 and is expected to grow at 4.8% in 2011. The GDP growth of developed countries in 2010 was only 2.7%, and the forecast for 2011 was 2.2%. The real driving force for developing countries is GDP growth rate of 7.1% in 2010 and 6.4% in 2011.
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