The market is dominated by domestic suppliers, as imports account for 36.4% of total market size in 2023. Households drive market demand, with household spending representing 54.0% of total demand in 2023. Australia has the 10th largest market size for furniture across the top 20 developed countries, with demand reaching USD13.2 billion in 2023. Dexion Ltd is the largest company in Australia, generating 8.6% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 31.4% of total production value in 2023. The total number of companies increases in 2023, to 7,411 units. The costs of the industry increase by 1.7% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 20.7% of production value in 2023, the second highest across the top 20 developed countries. The industry’s exports share increases in 2023 to 1.6% of total production output. With production value of USD5.7 billion, Australia accounts for 76.1% of the Australasia total in 2023.
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This Euromonitor industrial report provides unique information on Furniture in Australia: ISIC 361. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Furniture in Australia: ISIC 361 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Household Goods is an aggregation of Furniture, Jewellery and Related Articles, Musical Instruments; Imitation Jewellery, Brushes and Other Personal Items, Sports Goods, Toys and Games, Watches and Clocks.
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