Panels & Furniture Asia Jan/Feb 2019

January / February 2019 • Issue 1 • PANELS & FURNITURE ASIA 14 MARKET REPORT FURNITURE, PLYWOOD AND SAWN TIMBER– TOP EARNERS FOR MALAYSIAN TIMBER INDUSTRY W ooden furniture, together with plywood and sawn timber, are ranked the top three foreign exchange earners for the Malaysian timber industry. These three products combined, in recent years, constitute more than RM15 billion(US$3.65 billion) or about 70 per cent of Malaysia’s total export of timber and timber products annually, said Chairman of the Malaysian Timber Council (MTC), Dato’ Low Kian Chuan. FURNITURE – EXPORTED TO MORE THAN 160 COUNTRIES A domestic-centric sector some three decades ago, the furniture industry of Malaysia has evolved robustly to become a major producer and exporter of furniture globally. Sustainably managed forest resources, strong institutional support and encouragement from the government, application of leading edge technology, plus the entrepreneurial spirit of its industrialists, are among the contributing factors in making Malaysia a hub of furniture manufacturing today, especially in the Asia-Pacific region. For 2017, the value of Malaysia’s export of wooden furniture was RM8.06 billion(US$1.96 billion). Up to September 2018, the export value of Malaysian wooden furniture was RM5.60 billion (US$1.36 billion). Today, a wide range of quality mouldings and Builders' Joinery and Carpentry (BJC) products such as doors and frames, flooring and laminated beams are produced in Malaysia and exported worldwide Malaysian plywood is produced in compliance with internationally recognised standards