The Bangladeshi furniture business features an unusually great scope of inherent capacities. It is able to emerge as the nation’s 2nd largest employment rendering division, after the Bangladesh ready-made garments industry. Till now, such is being one of the vastly labor-intensive divisions, the professionals say.
Now, thanks to the well-renowned furniture manufacturers, Bangladesh is manufacturing a broad form of global criterion and excellent grade furniture. At the present moment, this has resulted in individuals of Bangladesh to pick out regional furniture rather than furniture of overseas.
The exportation of furniture and affiliated products out of Bangladesh has commenced from the year of 1995. Furniture is a labor-intensive division and Bangladesh possesses a great lowly priced workforce which is a critical element in turning competitive within the global marketplace. Hence, an effective potentiality is there with regards to exportation and manufacturing of furniture in Bangladesh are completely prepared concerning that.
It was approximated earlier that, by the year of 2015, Bangladesh will gain an inherent capacity of exportation in terms of trading furniture add-on that would unitedly have a specified value of 10 million USD while the furniture possessing a specified value of 40 million USD. By taking everything into consideration, the administration of Bangladesh has announced the furniture business as a ‘Driving force Division’.
The furniture business in Bangladesh will be up to holding a position within the international marketplace, because it possesses productive customs of wooden arts. A matter of fact is that at one time, it owned the inheritance of golden fiber. When both the expertness is capable of being merged within producing furniture products, the home goods of Bangladesh might as well vie internationally.
A larger amount of marketplaces do have an existence within the Middle East – a region that is yet to be analyzed by Bangladeshi exporters. Therefore, it is apparent that dissimilar stakeholders are reckoning the division as a likely and fruitful marketplace that is able to ease the development rate to an extraordinary extent and would result in ultimately profiting the modest manufacturers, household woodworkers, artisans and laborers.
There are many local brands in Bangladesh who have a very good reputation in the retail markets and are involved in this business for a large number of years. Various global online B2B platforms, for example, would play an important role to make these brands internationally recognized by doing their promotions and branding in various methods. This will not only make their brand renowned but will also make emerging countries such as Bangladesh proud and honored when foreigners will witness “Made in Bangladesh” on the label of the branded product.
A wide array of Bangladeshi products has found worldwide recognition and exporters in Bangladesh are looking to extend their roots deeper. Although there are resources and capabilities, but due to the lack of tools and innovations, they are unable to place themselves amongst the top ranked suppliers.