This book analyzes the economic and demographic forces impacting the demand for household furniture. The study is finely segregated by product categories and geographical regions.
June 19, 2007 (Press Release) --
Furniture Consumption in Canada
Executive Summary
This book analyzes the economic and demographic forces impacting the demand for household furniture. The study is finely segregated by product categories and geographical regions. Forecasts are provided to 2016. The author of the book comes to some interesting and unexpected conclusions which need to be taken into account to gain a thorough appreciation of the present and future course of the Canadian furniture demand.
This new report on Furniture Information Center analyzes the economic and demographic forces impacting the demand for household furniture in Canada. The study is finely segregated by product categories and geographical regions. The author of the book comes to some interesting and unexpected conclusions which need to be taken into account to gain a thorough appreciation of the present and future course of the Canadian furniture demand. Forecasts are provided to 2016.
Over the last decades Canadian household furniture purchases increased from about $5,072 million in 1996 to $11,049 million in 2006, or more than two times Total annual sales in 2006 exceeded the 1989 pre-recession peak by a widening margin.
Sales increased at an average annual pace of 7.3% between 1996 and 2006. The fastest pace was in 2000 when growth was almost 10%. The slowest pace was in 1996. In fact, furniture sales fell by -0.7%. Growth in 2006 was healthy lying in the 8.8% range.
Average prices of household furniture went up by 8.7% between 1996 and 2006. The strongest inflationary pressure occurred in 1999. On the other hand, prices fell in 2004 and 2006. The path of price change for the household furniture sector tends to mirror that for consumer prices overall, but – on average – furniture price increases have been of a lesser magnitude.
Over the period from 1996 to 2006 household furniture spending measured in constant 1997 dollars increased from about $5,103 million in 1996 to $10,227 million in 2006 or just a bit over 100%. Thus much of the growth in spending in current dollar terms over this period was due to the changes in prices.
Over the period from 1996 to 2006 real spending on household furniture grew at a pace averaging close to 6.5 percent per year, though the rate from year to year varied significantly. In 1996 real household furniture spending did not perform well, falling on a year-ago basis by 0.8 percent. Since 1997, however, the pace of real household furniture spending in Canada has been strong, ranging from 5.4 to 10.4 percent per year. Furniture sales in constant 1997 dollar terms in 2006 were 65 percent higher than they had been in 1989, the previous peak year for household furniture sales in Canada.
We expect the Canadian market for household furniture will continue to grow in the future for several reasons.
For more information kindly visit - http://www.bharatbook.com/detail.asp?id=28591
Executive Summary
This book analyzes the economic and demographic forces impacting the demand for household furniture. The study is finely segregated by product categories and geographical regions. Forecasts are provided to 2016. The author of the book comes to some interesting and unexpected conclusions which need to be taken into account to gain a thorough appreciation of the present and future course of the Canadian furniture demand.
This new report on Furniture Information Center analyzes the economic and demographic forces impacting the demand for household furniture in Canada. The study is finely segregated by product categories and geographical regions. The author of the book comes to some interesting and unexpected conclusions which need to be taken into account to gain a thorough appreciation of the present and future course of the Canadian furniture demand. Forecasts are provided to 2016.
Over the last decades Canadian household furniture purchases increased from about $5,072 million in 1996 to $11,049 million in 2006, or more than two times Total annual sales in 2006 exceeded the 1989 pre-recession peak by a widening margin.
Sales increased at an average annual pace of 7.3% between 1996 and 2006. The fastest pace was in 2000 when growth was almost 10%. The slowest pace was in 1996. In fact, furniture sales fell by -0.7%. Growth in 2006 was healthy lying in the 8.8% range.
Average prices of household furniture went up by 8.7% between 1996 and 2006. The strongest inflationary pressure occurred in 1999. On the other hand, prices fell in 2004 and 2006. The path of price change for the household furniture sector tends to mirror that for consumer prices overall, but – on average – furniture price increases have been of a lesser magnitude.
Over the period from 1996 to 2006 household furniture spending measured in constant 1997 dollars increased from about $5,103 million in 1996 to $10,227 million in 2006 or just a bit over 100%. Thus much of the growth in spending in current dollar terms over this period was due to the changes in prices.
Over the period from 1996 to 2006 real spending on household furniture grew at a pace averaging close to 6.5 percent per year, though the rate from year to year varied significantly. In 1996 real household furniture spending did not perform well, falling on a year-ago basis by 0.8 percent. Since 1997, however, the pace of real household furniture spending in Canada has been strong, ranging from 5.4 to 10.4 percent per year. Furniture sales in constant 1997 dollar terms in 2006 were 65 percent higher than they had been in 1989, the previous peak year for household furniture sales in Canada.
We expect the Canadian market for household furniture will continue to grow in the future for several reasons.
For more information kindly visit - http://www.bharatbook.com/detail.asp?id=28591
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