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3 comment(s). Last comment by observatory 2024-03-11 16:18

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?

godhand

1,944 posts

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

observatory

1,065 posts

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

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