US Dollar Exchange Rates of
15th
July
2025
China Yuan 7.17
Report from China
National standard on harmful substances in furniture
The national mandatory standard GB 18584-2024 Limits
of Hazardous Substances in Furniture, approved by the
State Administration for Market Regulation
(Standardization Administration of the People's Republic
of China) was released on 25 June 2024 and came into
effect on 1 July 2025.
The new standard replaces GB 18584-2001 Limits of
Hazardous Substances in Wooden Furniture for Interior
Decoration and Renovation Materials and GB 28481-2012
Limits of Hazardous Substances in Plastic Furniture and
has a wider range of applicability. Its scope of application
covers all kinds of furniture products including imported
furniture and raw materials.
First ‘free on truck’ log futures completed
Recently, the first Free on Truck (FOT) log futures was
successfully completed at Shandong Port providing an
important practical example for the Dalian Commodity
Exchange (DCE) log futures to serve the real economy and
marking a crucial step forward in the integration of China's
wood industry and the futures market. This innovative
FOT model has addressed some critical issues in the
industry. The integration of futures and spot markets has
facilitated industrial upgrading allowing the industry to
have a more intuitive understanding of delivery rules.
The delivery mode of log FOT is closer to spot trading
which helps to enhance the convenience of wood
processing and trading enterprises in using futures tools
for risk management and effectively reduces the delivery
costs of enterprises.
See: http://www.stcn.com/article/detail/2419889.html
Decline in wooden furniture exports to the US
According to China Customs the value of China’s wooden
furniture exports to the US dropped 5% in the first quarter
of 2025. The US is still the largest market for China’s
wooden furniture exports. Nearly 30% of China’s wooden
furniture was exported to US in the first quarter of 2025.
The reduction in the value of wooden furniture exports to
the US has directly led to a decline in the total value of
China’s wooden furniture exports, with exports in the first
quarter of 2025 falling 10% to US$5.3 billion compared to
the same period in 2024.
China’s wooden furniture exports to Australia, South
Korea, Singapore and Saudi Arabia also fell 12%, 42%,
14% and 26% respectively in the first quarter of 2025.
China’s wooden furniture is exported to more than 200
countries and furniture destination are scattered. The value
of China’s furniture exports to the top 5 countries; US,
UK, Australia, Japan and South Korea accounted for only
52% of the national total furniture exports in the first
quarter of 2025.
In contrast, China’s wooden furniture exports to UK and
Netherlands in the first quarter of 2025 rose 3% and 12%
respectively.
Decline in wooden furniture imports
According to China Customs, the total value of China’s
wooden furniture imports in the first quarter of 2025 fell
9% to US$144 million over the same period of 2024.
Italy and Germany are the top 2 suppliers of wooden
furniture imports. Over 60% of China’s wooden furniture
was imported from the two countries but import values fell
10% and 11% respectively in the first quarter of 2025.
This was the main reason for the decline in the total value
of China’s wooden furniture imports in the first quarter of
2025.
The main reason for the large decline was that domestic
demand for furniture has fallen sharply due to the
downturn in China's real estate sector.
The value of China’s wooden furniture imports from Italy,
Germany and Vietnam, the top shippers, dropped 10%,
11% and 33% respectively in the first quarter of 2025.
In contrast, the value of China’s wooden furniture imports
from Poland, Slovakia, Romania, Lithuania and Denmark
rose 41%, 41%, 33%, 43% and 10% respectively in the
first quarter of 2025. This is because the rapid
development of the China-Europe Railway Express has
driven wooden furniture trade between China and
European countries.
Rise in Bamboo furniture exports
According to China Customs, bamboo exports rose 7% to
US$58 million in the first quarter of 2025. China's policy
of "replacing plastic with bamboo" has been extensively
promoted driving the rapid development of the domestic
bamboo industry in recent years.
China’s bamboo furniture exports to the top three
destination countries, USA, Germany and the Netherlands
in the first quarter of 2025 grew 8%, 1% and 28%
respectively over the same period of 2024.
In contrast, bamboo furniture exports to the UK and Japan
in the first quarter of 2025 fell 7% and 30% over the same
period in 2024.
Rise in bamboo furniture imports from France
According to China Customs, China’s bamboo furniture
imports from France in the first quarter of 2025 rose
sharply over the same period of 2024. This trade benefited
from the rapid development of the China-Europe freight
train service.
Indonesia was the largest supplier of China’s bamboo
furniture imports in the first quarter of 2025 but imports
from Indonesia in the first quarter of 2025 fell 11% over
the same period of 2024. This directly resulted in large
decrease (-12%) in the total value of China’s bamboo
furniture imports in the first quarter of 2025.
In addition, China’s bamboo furniture imports both from
Italy and Vietnam dropped in the first quarter of 2025.
 
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