China’s wood furniture export volume surged by 24% year-on-year in the first seven months of 2024, reaching 256 million pieces. This sharp increase in volume drove a 9% rise in export value to $13.4 billion, despite a decline in average prices. Chinese furniture exports in the first seven months of 2024 were on pace to reach an annual rate of 439 million pieces, approaching the historical peak of 452 million pieces set in 2021. Meanwhile, the average price per piece fell by 12% to $52, suggesting that Chinese exporters are attempting to stimulate demand by lowering prices. The United States remained the largest destination for Chinese wood furniture, accounting for 30% of exports. Shipments to the U.S. rose by 20% to 77 million pieces, despite a 13% drop in the average price per piece. The total export value to the U.S. increased by 5% to $3.9 billion. …Canada also experienced strong growth, with exports to Canada up 29% to 7 million pieces, valued at $473 million.