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Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.

 

Indonesia aims to supply 5% of the global furniture market in 10 years

Wednesday, October 08, 2014 > 13:22:27
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(IHB)

The Indonesian Furniture Entrepreneurs Association (Asmindo) is aiming to supply 5 percent of the world's furniture demand within 10 years.

Asmindo Chairman, Taufik Gani, said Indonesia's current international furniture trade is small compared to countries such as Vietnam, Poland and Brazil, which contribute around 2 percent, or China which contributes around 30 percent to the world trade in wooden furniture.

It has been estimated that the Indonesian wood processing industry employs around 4 million direct and indirect workers making the sector one of Indonesia's priority areas for development.

Previously, Asmindo had targeted US$2 billion in furniture exports but this has been revised given the success and international acceptance of the country's timber legality verification system (SVLK). Last year, the industry exported furniture worth US$1.83 billion.


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