The furniture industry in South East Asia. Outlook for 5 emerging manufacturing countries: Indonesia, Malaysia, Philippines, Thailand, Vietnam
Vietnam, Malaysia, Indonesia, Thailand and the Philippines are fast growing South East Asian furniture suppliers. The development of these 5 countries furniture production has been export driven. In fact, around two thirds of production is currently sold outside the country of origin. The export /production ratio for the area is roughly 66%, more than double than the world average (around 30%). Currently, furniture produced in the area satisfies 5% of total furniture consumption in the USA and 2% of total furniture consumption in Western Europe. This share has increased year after year in the last decade, particularly in the USA. The CSIL Report offers an overview of this area, providing information on the furniture production system and the import and export flows by country, as well as information on the factors affecting furniture demand, the local market and the leading companies operating in it.
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