Malaysia is one of the world’s top 10 furniture exporters. The global furniture market is expected to grow between 3% and 5% in the next five years. To ensure the country remains competitive the Malaysian Furniture Council (MFC) has developed a five-year plan for the furniture sector.
The theme of the plan is challenging, “Furnishing Malaysia with Exciting Diversity and Unlimited Opportunities” which seems to suggest more emphasis will be on domestic designs and the domestic market.
Chua Chun Chai, MFC President, says there is a bright future for Malaysian manufacturers and the long-term strategy will cement these opportunities. The MFC plan is in line with the Government’s National Timber Industry Policy (NAITP) where furniture exports are set to reach RM16 billion by 2020.
In preparing the plan the MFC conducted a survey of members and the results of this have just been made available. MFC has 245 members employing around 8,000 Malaysians and 23,000 foreign workers. Nationwide it is estimated there are there are around 17,000 Malaysians and around 50,000 foreign workers employed in the furniture manufacturing sector.