Vietnam leads furniture exports, but gap is small
Date: 2021-11-08
News Type: Marketing News
Source: Furniture Today / Photo: Furniture Today
As the coronavirus pandemic dwindled down in the first half of 2021, the Asian country’s imports to the U.S. surged 76% over the same period of 2020. Furniture Today research shows the country shipped $5.1 billion in furniture the first half of the year.
That puts it above longtime behemoth China, which sent over nearly $4.6 billion in furniture for the first half of the year. Vietnam overtook China in 2020, marking one of the most dramatic shifts in furniture imports in recent history. But the gap between the two remains small, and current circumstances may tip the scale back in China’s favor.
Vietnam now infamously began shutting down in late July, thanks to a COVID-19 outbreak. A government order prevented people from moving, and factories could only remain open if workers lived there. This sparked a multitude of supply and labor issues in the country, which are still being felt.
China on the other hand appears to be safe from another outbreak, at least for the time being. The country’s well-equipped factories, highly trained labor force and strong logistics will continue keep it in top contention, despite tariffs. Several furniture makers have opted to bring some production back to China from Vietnam as of late, including LoveSac and Hooker Furniture.
Malaysia and Indonesia made the top 10 once again, exporting $873 million and $604 million, respectively. Thailand saw a whopping 97% increase to $219 million, and Poland saw an 80% increase to $181 million. Italy’s rise also shouldn’t be overlooked. The country exported over $554 million in furniture to the U.S., a 72% increase over 2020.
For the full article, please visit: https://www.furnituretoday.com/furniture-manufacturing/vietnam-leads-furniture-exports-but-gap-is-small/
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