China’s furniture market as recorded in 2012 has increased in value from 1978. The production value of this industry as of 2011 amounted to around US$ 83.16 billion and this is an increase of more than 25.28 percent compared to its previous year recordings (Furniture Market in China, 2012). This research is however not focused on the production and the export potential of the furniture’s that are being sent out from China. The research is focused on the demands for an antiques furniture market in China. Furniture that was imported into China is seen to have also increased in just about the same amount of its productions and its exports. The furnishing imports was around 18.07% in the year 2008 and this is an enormous increase as the industry that was valued at only US$ 1.3 billion in 2007 rose up to a value of US$ 1.53 billion in 2008. However 2009 was seen to be steeped as there was a world economic crises. The Chinese furniture market however did not suffer under this loss as the total importation values increased by around USD 1.85 billion and in 2010 it was valued at USD 3.12 billion (Furniture Market in China, 2012). In this context the prospects of establishing an antique business market within China can be said to be a feasible and a profitable option. However the concern here is that the Chinese furniture market is very much fragmented, a study of how antique furniture’s would be received into the market will first need to be researched into. This study in specific considers the French antique businesses and attempts to understand the value that would be created for such a business in China. The research question that the thesis attempts to find a solution to is:
What is the feasibility of implementation (based on potential opportunities and strengths) for the development of a business in the Chinese Antique Furniture which would sell French Antique Furniture of 18th century and stylized versions based on the period.