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Tag: market

Pyramid Lane first Malaysian furniture manufacturer to opt for automation

17-09-2019
Pyramid Lane, furniture, office furniture, kitchen, Asia market, manufacturer, storage system, edgebanding, automation, HOMAG Asia, Malaysia, Kuala Lumpur

Thanks to a reputation for reliability, commitment and quality, the Malaysian furniture manufacturer Pyramid Lane has put its trust in German machine technology from HOMAG. Pyramid Lane, based near Kuala Lumpur, Malaysia, has been manufacturing office furniture and kitchens specifically designed for the Asian market since 1997. The company …

Softwood lumber trade was up 5% the first half of 2019 on a worldwide basis, with China reaching record-high imports in the 2Q

17-09-2019
Global lumber trade, softwood, lumber prices, lumber market, China, Russia, Nordic, MENA

GLOBAL SOFTWOOD LUMBER TRADE Demand for lumber in China, the United Kingdom, Egypt and the Netherlands increased this year despite a slowdown in the global economy. Global softwood lumber trade was up just over five per cent year-over-year during the first half of 2019, according to the Wood Resource Quarterly. Of the major importing countries …

Taobao’s first physical store in Southeast Asia opens in Singapore’s Funan mall

12-09-2019
Taobao, e-commerce marketplace, furniture, China, Virmall, Funan mall, Singapore, first, Southeast Asia

Chinese e-commerce platform Taobao has opened its new store at Singapore’s Funan mall, a first in Southeast Asia, as demand rises for its home furniture goods. Named Taobao Store by Virmall, the shop is a partnership between Taobao and Virmall, a local firm that helps to curate and introduce products from merchants on Taobao. The shop, …

Global Log War hurting New Zealand

04-09-2019
New Zealand, Log war, trade agreement, log market, inquiry

The country's wood processors say the international log price war and protected overseas economies are crippling the New Zealand trade, reported Radio New Zealand. The Wood Processors and Manufacturers Association told a meeting in Nelson that distortions in international trade were starting to make it difficult for local processors to be …

Indonesia failed to take advantage of trade war and expand market share on U.S. furniture imports

03-09-2019
Indonesia, expand market share, U.S. furniture imports

Indonesian furniture producers are unable to take advantage of the trade war between the U.S. and China and expand market share in the U.S.. Based on data from the Indonesian Centre for Reform of Economics (CORE) in April 2018, when the U.S. Government began imposing tariffs on Chinese products, the furniture market share of China in the US was 48 …

Agonizing South Sea Tropical Plywood Manufacturers

16-07-2019
Plywood, Overseas Market

Plywood manufacturers in Malaysia and Indonesia are in tough spot with declining orders from overseas markets and spiraling cost of logs. Since spring of 2017, plywood prices in Malaysia and Indonesia soared to record high level by log shortage while the market in Japan continued sluggish log supply in Indonesia started recovering gradually since …

Malaysia: Short-term Recovery Seen for Wood-based Manufacturing

15-07-2019
Malaysia, Market Recovery

PETALING JAYA: Short-term recovery is expected for furniture players especially firms with operations in Vietnam, as the US has adjusted offshore sourcing of furniture from China to Southeast Asia (SEA), particularly Vietnam, according to HLIB Research. Malaysian furniture manufacturers that have operations in Vietnam include Poh Huat …

Global lumber and timber markets

12-06-2019
Global timber market, global lumber market, prices

Global Lumber Markets • In 2018, global trade of softwood lumber reached the second highest level ever recorded. • The free fall of lumber prices in the US came to a halt in early 2019, and prices might have hit a low for this cycle in January. • Softwood lumber exports from Canada were down 6% year-over year in 2018, with the …

The Furniture Industry in India, 2019 to 2023: Vendors Generating Significant Revenue Through Online Platforms

17-05-2019
India, wooden furniture, market report

The Indian furniture market is anticipated to reach USD 32.61 billion (SGD 44.6 billion) by 2018 by registering a CAGR of 13.38 per cent during the forecast period of 2018-2023. Moreover, the market is expected to garner USD 61.09 billion (SGD 83.6 billion) by the end of 2023. Further, the India furniture market is anticipated to achieve a …

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