Let us looks at some facts and the scenario of furniture manufacturing in 2009.
There are more than 1,800 furniture companies currently operating locally and 90% of the production is for export. Total investment in the industry last year came to RM174.7mil. This information was given yesterday by the International Trade Minister at the Malaysian International Furniture Fair (MIFF) Exhibition 2010, Mustapha Mohamed.
Malaysia-made furniture is exported to more than 160 countries and the country is ranked the world’s 10th largest furniture exporter, while local furniture exports were valued at RM7.6bil last year, accounting for 1.9% of total exports of manufactured goods, according to Mustapa.
MIFF 2010, which began yesterday, will run till Saturday at three venues – the Putra World Tarde Centre, Kuala Lumpur Convention Centre and the Matrade Exhibition & Convention Centre (MECC).MIFF Sdn Bhd is the organiser of the fair with The Star as the official media partner.
More than 500 exhibitors from countries like Malaysia, China, Indonesia, South Korea, Singapore, the United States, Turkey and Japan are showcasing their products.
MIFF managing director Datuk Tan Chin Huat said sales of about US$750mil were expected at this year’s fair, compared with US$710mil last year.
“More than 20,000 visitors are expected at the fair this year, compared with a total of 19,075 visitors last year,” he told a press conference.
He said economic spinoffs of over RM40mil were expected to be generated for Malaysia’s tourism, hotel, restaurant and other businesses during the fair.
In an effort to highlight ongoing trends in the furniture industry, a series of seminars with the theme, “Sustainable Materials for Green Future,” has also been arranged by the organiser.
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