Bangladesh’s furniture exports have been maintaining steady growth over the last couple of years in a trend suggesting a good prospect for the industry.
In last fiscal, the country achieved 16% growth in furniture export to earn over $31m, showed Export Promotion Bureau data.
The figures showed in the fiscal 2009-10, the furniture export volume was $19 while it amounted to $21m in 2010-11 and $27m in 2011-12.
“Furniture export is on an upward trend as demand for furniture and wooden products is on rise in the US and European markets along with among the domestic consumers,” said KM Akhtaruzzaman, president of Bangladesh Furniture Exporters’ Association (BFEA).
He said opportunity is huge, but the sector needs a large number of skilled workers to meet the rising demand.
Considering the export growth prospect, EPB has given special priority on the sector. “We are making special efforts to increase furniture export catering to the rising global demand,” said Shubhashish Bose, vice chairman of EPB.
In last fiscal, Bangladesh earned the highest $7m from the furniture export to the US market and then $5m from the Swedish market.
Meanwhile, the ministry of commerce has set a furniture export target of about $38m with 20% growth for the current financial year while the government has set the total export target of $30.5bn.
The total export growth target for the current fiscal 2013-14 is nearly 13% from the last fiscal’s $28bn. In the fiscal 2011-12, the total export volume was $27bn.
As per EPB, the country currently exports office furniture, metal furniture, seats with metal frames, bedroom furniture, wooden furniture, and furniture of plastic, parts of furniture, mattress supports, sleeping bag and lamp and light fittings to various destinations of the world.