On the 29th, the reporter learned from Wuhan Customs that in the first three quarters of this year, the total export value of the furniture industry in our province increased by 47.6%, especially in September, the highest in the year. It is reported that emerging markets such as the Middle East and Southeast Asia have brought business opportunities to the export of furniture enterprises.
“This year, our exports have increased by about 20% year-on-year.†Hu Wenquan, head of an export-oriented furniture company in Hubei, told reporters that in the first half of this year, European customers reflected that business is getting harder and harder, and the market is shrinking by nearly half, while the Middle East, Southeast Asia, etc. Demand in emerging markets has risen against the trend.
According to the data of the General Administration of Customs, China’s furniture exports totaled 35.1 billion U.S. dollars in the first three quarters of this year, an increase of 30.1%. According to Wuhan Customs data, in the first three quarters, the total export value of furniture industry in Hubei Province was 92.128 million US dollars, an increase of 47.6%. Among them, the total value of exports in September was 17.768 million US dollars, an increase of 2.29 times compared with the same period of last year, the highest monthly export value.
Hu Wenquan told reporters that "the European and American markets are mainly shrinking high-end products, and the changes in the low-end market are not very obvious." In order to win the market, the company has increased the production of low-end products. "Emerging markets such as the Middle East and Southeast Asia are also The demand for medium and low-end products is greater and marketable."
At the beginning of this month, the home furnishing index monitoring data jointly released by the Ministry of Commerce and China Construction (601668, stock bar) material circulation association showed that the home industry prosperity index reached 114.05 in August, and has gradually approached the peak of 116.62 in 2010. In this regard, industry insiders said that the current domestic household business closures are closed, but the consequences of excessive expansion of some enterprises in the past few years, and can not represent the situation of the entire home building industry, the impact of the industry's relatively low industry in the first half of the year is gradually subsiding
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