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1. Furniture Industry
of Bangladesh

2. MEANING OF
FURNITURE INDUSTRY..

3. Amount Furniture
industry and employees
in Bangladesh?

4. ACCORDING TO BFIOA
Amount Furniture
Industry In Bangladesh?
28,000
Furnitur
e
Industry
1,952
Register
owner of
BFIOA

5. ACCORDING TO GDP
Amount Furniture
Industry In Bangladesh?
41,560
Enterpri
ses
2 Lakh
Skilled/Se
mi Skilled
Employee

6. Current Statistics of Furniture
Industry [2016-2017]
2,000
Core
Taka
20%
Increase
s in
sales
and
expansi
on
Average profit
5.5
Core
Taka
Targete
d
Exporte
d
2.85
Core
Taka
Export
Average
Export

7. Who are the Leading Furniture
Brand in Bangladesh ?

9. Established
Location
Stores
Product
Exported Country
Production
1975 by
Nitun Kundu
Gulshan, Dhaka
400
India, Africa,
Canda etc
600 Core
Wooden, Melaminea
Laminated Chip Board

10. Established
Location
Stores
Product
Exported Country
Production
1989
Mirpur, Dhaka
300
India, North
America,
Oceania
500 Core
Wooden, elegant
Furniture.

11. Established
Location
Stores
Product
Exported Country
Production
1976
Kakrail, Dhaka
300 Australia,
UK, USA
120 Core
Wooden, Melamine
Laminated Chip Board

12. Established
Location
Stores
Product
Exported Country
Production
1991
Monipuri Para,
Dhaka
150 India, UK,
USA
150 Core
Wooden, Melamine
Laminated Chip Board

13. Established
Location
Stores
Product
Exported Country
Production
2001
Gulshan, Dhaka
80 European
countries
120 Core
Wooden, Melamine
Laminated Chip Board

14. Growth factor in furniture industry
Growing
Domestic
Demand
Credit
Facility
Increasing
capability
of
furniture
Cheap
Labor
Backward
Linkage

15. Growth factor in furniture industry
Growing
Domestic
Demand
According to the latest BCG report on growth consumer
class, Middle and Affluent Class (MAC) population
currently stands at 11.7 M and, is expected to triple
within 2025

16. Growth factor in furniture industry
Credit Facility
There are 60+ Banks run this facility. This
facility increase sells of furniture in
Bangladesh market

17. Growth factor in furniture industry
Increasing
capability of
furniture
There are many skilled carpenters in
Bangladesh. As a result, consumers regularly
changing their furniture

18. Growth factor in furniture industry
Cheap Labor
Bangladesh labor cost is $80-$160 per month
but most of the country labor cost starts from
$200 per month.

19. Growth factor in furniture industry
Backward
Linkage
Forests in Chittagong Hills and the Sundarbans
are the largest provider of quality timber in
the country, with forests covering areas over
10,600 Square Km.

20. Social Activities
Of these industries

21. Social Activities
Of these industries
Akhtar Furniture Academy is a
non-profit and non-
governmental organization
aims to uplift the socio-
economic conditions of
underprivileged communities
through help to learn skills to
earn.

22. Social Activities
Of these industries
Partex start group also do some
social work like they emphasis
more on Lower middle class
family and produce furniture
with lower cost

23. Value Chain Analysis
Domestic Solid
Wood
Processed in Lacquer Furniture Crafted
Finished
Goods
sent to
stores
Domestic Solid
Wood
Domestic Solid
Wood
Domestic Solid
Wood

24. The Competition
The industry is very competitive. Due to
the sheer number of SMEs, price of
furniture is highly competitive at the
middle and lower segments of the market

25. Power of Buyer (High)
Threat from substitutes
(Low)
Power of Suppliers
(Medium)
Threat of new Entrance
(Low)
Porter’s five forces framework
Rivalry among existing firm

26. Solution to the Problems

27. Solution to the Problems
Restructure of the government
import duty policy

28. Solution to the Problems
Direct cash incentives can be offered
to the furniture exporters to mitigate
their excess import costs

29. Solution to the Problems
Technology Transfer Office (TTO)
should be developed to assess
and acquire new technologies in
furniture production

30. Solution to the Problems
Integrated education
curriculum is a must to create
technological know-how among
the manufacturers

31. Solution to the Problems
Integrated training programs
should be arranged to teach
them about the modern
production and design
techniques

32. Solution to the Problems
Emphasize more on these areas
to achieve reliability from the
export destinations.

33. Solution to the Problems
Fairs and promotional programs
should be arranged regularly to
attract foreign buyers and
motivate local and foreign
entrepreneurs

34. Conclusion

35. Thank You