ZCZC
BSS-42
FURNITURE-EXPORT
Furniture export witnesses 18.53% growth
DHAKA, July 10, 2019 (BSS) – The export earnings from the country’s
furniture industry witnessed an 18.53 percent growth in the last fiscal year
(FY19) totaling $74.89 million.
This figure was also 7 percent higher than the fiscal target of $70
million, according to the latest data of the Export Promotion Bureau (EPB).
The country bagged $63.18 million from furniture exports in the FY18.
Industry insiders said the Bangladeshi furniture is gradually becoming
popular among the foreign buyers due to its qualitative standard, time
befitting design while the furniture industry has moved much ahead over the
last one decade due to modern designs and innovations.
The demand of Bangladeshi furniture is high especially in the Middle
Eastern countries side by side the export market of furniture is gradually
expanding in the USA, the UK, Japan, Australia, Russia, and South East Asian
countries.
When contacted, President of Bangladesh Furniture Exporters Association KM
Akhtaruzzaman told BSS that the quality of Bangladeshi furniture is very good
due to newer design, standard timber and efficiency of the woodworkers.
“As a result, Bangladesh is moving fast in the competitive global
furniture market. Bangladesh is now being considered as an alternative to
China for furniture exports,” he added.
Director General of EPB Abhijeet Chowdhury told BSS that special emphasis
has been given in the 7th Five Year Plan to transform the furniture industry
as a permanent export item.
“Initiative has been taken for creating new market for furniture, side by
side the businessmen are being given stimulus to create diversified products
and boosting exports,” he added.
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