Malaysia says the furniture industry has passed the most difficult period

According to news from Malaysia on July 24: According to the Malaysian Furniture Industry Council, the most difficult period of the Malaysian furniture industry in the financial crisis has passed, and the country's furniture export revenue is expected to be the same as last year.

The chairman of the council, Richard Lee Kean See, said that since the beginning of last year, the Malaysian furniture industry has experienced a decline in performance, but now there are signs that as global buyers restore their vitality, they begin to purchase in large quantities to replenish inventory. The Malaysian furniture industry Will gradually get out of the dilemma.

"Malaysia's five most important overseas markets have begun to gradually return to normal, and some overseas factories in Canada and other places have also begun to re-operate because the local furniture inventory has become insufficient." Richard Lee Kean See said, "Malaysia furniture industry The overall trend has improved. Under this trend, we hope that our country ’s furniture exports will be the same as last year ’s 8.7 billion ringgit, and continue to maintain our original more than 220 overseas markets, while striving to achieve 2010 Annual furniture export target of 10 billion ringgits. "

Several important export markets for Malaysian furniture products are the United States, the United Kingdom, Canada, the Middle East, Singapore, Australia, the UAE and Japan.

Lee also said that Malaysia is one of the 10 largest furniture manufacturing countries in the world, and the high quality and durability of its furniture products and competitive product prices give the Malaysian furniture industry a greater advantage in the face of competitors such as China and Vietnam. .

From January to May of this year, Malaysian furniture exports amounted to 2.9 billion ringgits, a decrease of 13.3% compared with 3.4 billion in the same period last year.

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