Malaysian furniture manufacturers are on track to meet annual sales targets even in the face of the current weakening of demand in international markets.
The Malaysian Timber Council (MTC) and 18 Malaysian furniture manufacturers participated in the China International Furniture Expo – Furniture China with an eye on sales of RM40 million. As it turned out the reported confirmed and potential sales just beat the target at RM40.03 million.
This expo was held at the Shanghai New International Expo Centre in Pudong, Shanghai. While it may come as a surprise, China has been in the top 10 main export markets for Malaysian furniture for the past five years and in 2015 Malaysia’s exports of wood products, including furniture, to China totalled RM1.9 billion.