Home Furnishings

The pandemic led to an economic downturn in China, with GDP growth slowing and job losses increasing. This led to a reduction in consumer spending, especially on perceived non-essential items such as home furnishings. Moreover, during the pandemic,…

Home furnishings recorded a weak performance in 2022. Stagflation and a significant decline in the housing market were the biggest causes of this, as sales in Hong Kong are heavily linked to individuals buying new properties. Big-ticket furniture…

Home furnishings in India witnessed an increase in current value sales in 2022, partly to rises in inflation and subsequent price increases. Consumers spent on home furnishings to upgrade their homes due to the economic climate. However, while demand…

After sales of drugs dropped substantially at the peak of the COVID-19 pandemic during 2020, the category has registered a very strong rebound in sales, with the very strong sales performance recorded in the category during 2021 continuing into 2022,…

Home furnishings declined in both current value terms and in value terms at constant 2022 prices in 2022. In addition, sales were lower by both measures in 2022 compared with before the pandemic started, in 2019. After the pandemic hit, Japanese…