HS Code:
The 'Tables' category, generally classified under HS Code 9403 (which includes furniture such as tables, chairs, and other household or office furniture), encompasses a wide range of products primarily used in homes, offices, and commercial spaces. This category includes dining tables, coffee tables, office desks, and other specialized tables made from materials like wood, metal, glass, and plastic. Global trade in tables is driven by factors such as urbanization, interior design trends, and the demand for ergonomic and multifunctional furniture. The market is highly competitive with significant contributions from both developed and developing countries, influenced by raw material availability, labor costs, and design innovation.
Total Trade Volume
USD 25.6 billion
Data from 2022
Source
United Nations Comtrade Database
USD 9.8 billion
38.3% of total trade of total trade
Increasing
USD 2.5 billion
9.8% of total trade of total trade
Stable
USD 2.1 billion
8.2% of total trade of total trade
Increasing
USD 1.9 billion
7.4% of total trade of total trade
Stable
USD 1.5 billion
5.9% of total trade of total trade
Increasing
Average Rate
5.2%
Highest Rate
25% (imposed by certain countries on specific materials like tropical wood)
Lowest Rate
0% (under free trade agreements such as EU-USMCA)
Rising demand for sustainable and eco-friendly materials
Increased market share for tables made from reclaimed wood and recyclable materials, pushing manufacturers to adopt green certifications
2021-2023
Growth in multifunctional and space-saving designs
Driven by urbanization and smaller living spaces, leading to higher exports of foldable and modular tables
2020-2022
E-commerce boom in furniture sales
Significant rise in direct-to-consumer sales, benefiting countries with strong logistics and online retail platforms
2019-2023
The United States imposed additional tariffs on Chinese furniture, including tables, citing unfair trade practices and anti-dumping concerns.
May 2023
Shift in supply chains with increased imports from Vietnam and India as alternatives to Chinese products
The European Union introduced stricter regulations under the Green Deal, mandating sustainable sourcing and production practices for furniture imports.
January 2023
Higher compliance costs for exporters but increased demand for certified sustainable products in the EU market
Vietnam has seen a rapid increase in furniture exports, including tables, due to trade diversification away from China and favorable trade agreements.
March 2022
Strengthened Vietnam’s position as a key supplier, especially to the US and EU markets