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March 6, 2020
German furniture manufacturers cannot deliver ordered goods to China
The effects of the coronavirus on the German-Chinese furniture trade are clearly noticeable, but not the only influences. "German furniture exports to China showed significant signs of slowing down last year," explains Jan Kurth, Managing Director of the Association of the German Furniture Industry (VDM). "In 2019, exports to the Middle Kingdom declined by 16.5% to € 281 million. However, this decrease was less due to the coronavirus, but primarily due to the slowdown in economic growth in China and the introduction of higher furniture import duties in the United States. The oversupply ...
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