Market Trends of Rattan Furniture Industry
China Witnessing the Growing Rattan Furniture Market
China, the largest producer of rattan products, followed by Indonesia, has five types of Rattan wood production, resulting in a wide variety of outdoor rattan furniture. Other largest sources are the Philippines, Vietnam, and Singapore, making the market focused mainly on the Asia Pacific. Authentic Rattan furniture at lower prices is being exported to Western countries and other countries globally, leading to the rattan Furniture Market growing.
Outdoor Rattan Furniture is Driving the Market
The restaurants, lounges, and offices remained closed due to the lockdown during COVID-19. It led to the impact of the outdoor furniture products of Rattan Furniture. The outdoor category furniture's need for Rattan furniture has been hit severely because of the coronavirus pandemic inducing indoor lifestyles. The revenue from commercial end-users such as lounges, restaurants, and Picnic spots has fallen drastically in revenue generation for the Rattan furniture market. In contrast, the Residential end-users have increased the need for it because of WFH culture.
