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3 comment(s). Last comment by observatory 2024-03-11 16:18
Posted by godhand > 2024-03-11 14:01 | Report Abuse
Your analysis doesnt say how can we compete with thailand and vietnam. From what i know they are a lot more competitive
Posted by observatory > 2024-03-11 16:18 | Report Abuse
According to Furniture Today, the top furniture exporting countries to the US are
1. Vietnam, US$9.7b,
2. China, US$8.5b
3. Mexico, US$2.3b
4. Malaysia,US$1.571b
5. Canada, US$1.546b
6. Indonesia
7. Italy
8. India
9. Thailand, US$593m
10. Poland
Pohuat has factories in Vietnam. But in recent years it has not been doing as well as Liihen which is solely located in Malaysia
No result.
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save malaysia!
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save malaysia!
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
observatory
1,065 posts
Posted by observatory > 2024-03-11 12:34 | Report Abuse
Very impressive analysis!
BTW you may want to update Diagram 3, which was wrongly pasted as duplicate of Diagram 2.
I have a few questions.
1. Could Statista’s data which shows 44% of global furniture market is in US be flawed? Even focusing on just developed world, US population of 330m is still less than 30% of the developed world population of 1.2 billion.
2. Could some Malaysian exporters have heavier exposure to US than indicated? Liihen used to classify some customers as Asia but they were resellers to the US end market.
3. Do you follow up on US furniture sales and inventory situation? If yes what is the company/ industry data that you rely on as leading indicators of furniture demand? What is the current situation?