France Furniture Market Shipment Analysis
France Furniture Market registered a decline of -5.65% in value shipments in 2022 as compared to 2021 and an increase of 5.25% CAGR in 2022 over a period of 2017. In Furniture Market France is becoming more competitive as the HHI index in 2022 was 991 while in 2017 it was 1052. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
France has reportedly relied more on imports to meet its growing demand in Furniture Market. India is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Furniture Market in 2022 was 3.96 while in 2017 it was 3.81. Italy, China, Poland, Germany and Belgium were among the top players of the market in 2022, where Italy acquired the largest market share of 18.78% with a shipment value of 672.73 million USD in 2022 Italy also offered the product below the average market price thus having a competitive advantage over others In 2017 China had the largest market share of 20.32% with the shipment value of 565.36 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although China offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the France Furniture Market in 2017.
