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South Korea Furniture Outlook

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Abstract

In the last decade, the South Korean furniture market has performed well, surpassing the pre-crisis levels. Furniture per capita spending is continuously increased since 2009 and it is in the range of some European countries. This research is part of the Country Furniture Outlook Series, covering at present 70 countries. Each Country Furniture Outlook Report is structured as follows: An executive summary (see 1. The Key Facts of the Furniture Sector) provides the furniture industry overview; Furniture sector performance is analyzed through updated furniture statistics and through tables, graphs and maps. Information covers all the main variables necessary to analyze the furniture sector, from the supply side (see Productive Factors, Furniture Production) to the market side (see Demand Determinants, Furniture Consumption), also considering the international trading activity (see Furniture Imports and Furniture Exports). Future sector prospects and CSIL's assessment of market potential are also provided (see Furniture Market Potential) and cross-country comparison is also shown in order to enrich the analysis (see Annex 1. Country Rankings). Short profiles of manufacturers operating in the country and a list of international Furniture Fairs, Furniture Association and Professional Furniture magazines are also provided (see Major Furniture Companies and Sector Fairs, Press and Institutional Bodies). Background country information is also provided through summarized detailed statistics (see Annex 2. Socio-Economic Data) as well as the country's attractiveness in terms of economic competitiveness (see Business Climate).

Suggested Citation

  • Sara Colautti & Stefania Pelizzari, 2015. "South Korea Furniture Outlook," CSIL reports W05KR, CSIL Centre for Industrial Studies.
  • Handle: RePEc:mst:csilre:w05kr
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    More about this item

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • L68 - Industrial Organization - - Industry Studies: Manufacturing - - - Appliances; Furniture; Other Consumer Durables

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