The Malaysian government recently released the future development goals of the wood products industry, that is, according to the National Agricultural Commodities Policy (DAKN) for 2021-2030, it is expected that the export value of wood products (including wood furniture) will reach 19 billion by 2025. Ringgit (about 28.7 billion yuan).
The latest news from Home Micro Observation: According to the latest news from the Malaysian media "New Straits Times", the Malaysian government recently released the future development goals of the wood products industry, that is, according to the National Agricultural Commodities Policy (DAKN) for 2021-2030, it is expected to The export value of wooden products (including wooden furniture) will reach RM19 billion (about 28.7 billion yuan) in 2025.

malaysian wood products

Datuk Zuraida Kamaruddin, Minister of Plantation Industry and Raw Products of Malaysia, said that as the epidemic in Malaysia has gradually transitioned to a local stage, the demand in major domestic markets has continued to rise, and the wooden furniture industry has Positive growth potential this year.

She pointed out that Malaysia is the 10th largest exporter of furniture and furniture accessories in the world, with an export value of RM10.41 billion last year. There are five major export destinations, including the United States, Japan, Singapore, the United Kingdom and Australia.

In a meeting with the Malaysian Furniture Council (MFC), Natuk Zuraida Kamaruddin mentioned that the Ministry of Commerce will investigate the cost of goods transportation as the cost of exporting furniture locally is quite high , so as to increase the burden on commercial operators and other industry participants. In most cases, companies in the industry are unable to pay the high shipping costs in a timely manner, resulting in delays in the export of local furniture.

Natuk Zuraida Kamaruddin said after a meeting with the Malaysian Furniture Council: "Our sector will vigorously develop the country's commodity market, including the timber industry, with events in the UAE, Saudi Arabia, India and Turkey among others. Agri-tourism series of business events. Just in July this year, our department will host the Malaysia International Agriculture Expo and Summit at the Malaysia International Trade and Exhibition Centre in Kuala Lumpur""

The Malaysian Furniture Council, which now has 750 members, also raised the issue of foreign employee recruitment at the meeting. To expedite job approvals for expatriate workers, the Malaysian Furniture Council has also pushed for the formation of a new committee with a meeting next week. The Commerce Department will also follow up with the new committee on how to speed up the recruitment of foreign workers in the furniture industry. "