BANGLADESH – RAPIDLY EXPANDING MARKET
After highly successful maiden edition, 6th edition of Bangladesh wood 2022 will be held between 24th – 26th November 2022. Visited by all the stakeholders of the sector in good numbers the first edition evoked positive interaction between exhibitors and visitors. Large scale presence of International companies indicated the scope for Woodworking Machinery, Furniture Hardware, Fitting & Fixtures, Panels & Plywood, Powertools, Particle Boards, Wood Composites and Coatings.
The country��??s furniture sector is expanding both locally and globally. ” In the 90’s the sector moved to machanized production.” oriented industries. Since then furniture business began to grow with modern machinery, innovative designs and use of diverse materials.
Furniture industry of Bangladesh is shifting its focuses from dependency on teak for raw materials to processed wood Around 60 percent of raw materials, including timber, hardware, wood coating materials, hardware & accessories and fabrics, are imported. Exports has jumped by 253 percent during the last five years,. The demand has been rising in the international markets, especially in the US and the EU.
At present about 41,560 enterprises and nearly two lakh skilled and semi-skilled people are engaged in this sector. Bangladesh Furniture Export Association (BFEA) and Bangladesh Furniture Industries Owners Association (BFIOA) are actively working on materializing the potential of this sector. Bangladesh Furniture Export Association (BFEA) has 12 members. The government of Bangladesh has declared the furniture industry as a ‘Thrust Sector’. Apart from the large export-oriented enterprises, there is a number of furniture clusters in Dhaka at Badda, Sutrapur and Mirpur areas. A number of large companies has factories in Savar and Gazipur areas.
Thursday, November 24, 2022 - Saturday, November 26, 2022