RTA Furniture Market Show Promising Growth Opportunities
31 July 2021
RTA Furniture stands for the
“ready-to-assemble” furniture, which involves the DIY process of bringing up
together the parts of furniture together and manufacturing it in a finished
product. RTA furniture is relatively a cheaper option for buying the furniture,
but comparatively more strenuous than fully-assembled furniture. RTA furniture
had a growth of 12% in total quantity imported over all the world comparatively
in addition to the previous year from 2020 (2019).
COVID-19 pandemic flipped over a lot of
industries and the international trade market for a lot of commodities. The
pharmaceutical industry and related industries were not impacted but relatively
had a boom, and still are, counting the rising imports and exports worldwide.
Several electronics and home appliances were demanded increasingly during the
pandemic, since a majority of timing people were spending in their homes. RTA
furniture found its way to global markets. Get the latest reports and exclusive
information on imports and exports going on around the world in terms of
countries and/or commodities from Export Genius.
Top Importing Countries In 2020
As aforementioned, during the pandemic, many
industries were struck with the sudden hit on demand and supply. International
trade markets had pharmaceutical and medical supplies along with electronics
the highest consumer goods with a 16.8% share value in overall global imports.
However, RTA furniture was also among the top consumers’ goods which surged
during the pandemic with a 2% value growth in 2020 from a downfall in the
growth of RTA furniture by (-)19% in 2019.
RTA furniture comes under the heading of
“Parts of Furniture” and HS Code 940390, therefore, the export data of RTA
furniture for 2020 is shown respectively for same. RTA furniture export data
2020 shows that top importing countries in global imports of RTA furniture
were: the United States of America with a share value of 25%, Germany with a
share value of 11.2%, France with a share value of 5.3%, the United Kingdom
with a share value of 5.2%, Canada with a value of 3.6, and more as per the
list of countries shown below. Receive carefully created analytical reports on
the US imported commodities,, or you can do a live search on US imports for Parts of Furniture.
Country |
Value
USD % |
United States of America |
25 |
Germany |
11.2 |
France |
5.3 |
United Kingdom |
5.2 |
Canada |
3.6 |
Japan |
3.6 |
Netherlands |
3.2 |
Sweden |
2.7 |
Poland |
2.3 |
Vietnam |
2.2 |
RTA Furniture Mutual Benefits
RTA furniture is coming across and being recognized as a cheaper option than fully-assembled furniture. RTA furniture manufacturers and merchants benefit from the selling of their furniture due to no cost incurred in the storage and delivery of bulky furniture. Same way, consumers are benefiting from the low cost spend on the furniture since there are no heavily levied shipping costs.