The furniture industry is growing rapidly and stimulating the demand for fasteners for furniture

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Relevant statistics: From January to August 2013, the cumulative industrial added value growth rate of China's furniture industry was 9.0%, which was the same as the cumulative industrial added value growth rate of light industry; the cumulative retail sales of furniture products of enterprises above designated size was 116.44 billion yuan. Compared with the same period of the previous year, it increased by 20.8%, which is 8.9 percentage points faster than the cumulative retail sales of all commodities; the cumulative retail price index of national furniture products is 101.1, of which the urban and rural areas are 101.2 and 100.8 respectively. This good news will once again stimulate strong demand for fasteners such as wood screws, fiberboard nails and wallboard nails.

In August, the industrial added value growth rate of the furniture industry was 11.0%, 2.0 percentage points faster than the added value of the light industrial industry; the retail sales of furniture products of enterprises above designated size was 16.11 billion yuan, up 21.3% year-on-year, compared with the retail sales of all commodities. The growth rate is 8.8 percentage points faster; the national retail price index of furniture goods is 101.4, of which the urban and rural areas are 101.5 and 100.7 respectively.

From January to July, the cumulative sales value of the above-scale enterprises in the national furniture industry (the same below) increased by 3.89%. Among them, the wooden furniture manufacturing industry accounted for 49.80% of the furniture industry's shipping value, an increase of 5.34%; the metal furniture manufacturing industry accounted for 28.40%, an increase of 1.08%; the plastic furniture manufacturing industry accounted for 2.54%, an increase of 22.87%; Rattan furniture manufacturing industry accounted for 2.17%, an increase of 75.18%; other furniture manufacturing industry accounted for 17.09%, down 2.80%.

Domestic-funded enterprises accounted for 43.61% of the furniture industry's shipment value, up 4.93% year-on-year; foreign-invested enterprises accounted for 30.43%, up 1.69% year-on-year; Hong Kong, Macao and Taiwanese investment enterprises accounted for 25.96%, up 4.80% year-on-year.

Large enterprises accounted for 26.67% of the furniture industry's shipment value, up 4.18% year-on-year; medium-sized enterprises accounted for 40.18%, up 3.96% year-on-year; small enterprises accounted for 33.16%, up 3.57%.

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