ADVERTISEMENT
You will be redirected to your destination in 20 seconds.
You will be redirected to your destination in 20 seconds.
Philippines furniture makers excited about new markets
February 24, 2006
Smart businesses are always seeking the next opportunity.
Last fall, a Malaysian trade official urged furniture makers there to do that by targeting higher-end customers. How well they took that advice will be seen at the upcoming Malaysian International Furniture Fair, which runs March 7-11 in Kuala Lumpur.
Furniture makers in Cebu, Philippines, have similar opportunities, according to a trade group promoting the upcoming Cebu Furniture and Furnishings Exhibition, which runs Feb. 26-March 1. Industry leaders touting the show recently said they want to start pursuing business opportunities in Russia and China.
In each of those countries, officials say, there is growing middle class that will appreciate the high style and creativity that Philippines-based furniture makers have to offer.
Up to now, manufacturers have largely focused on the North American and European markets, which each represented about 19% of attendance at the 2005 CebuX event. Much of that business goes to OEM customers.
That obviously has paid off. With customers ranging from Ultimate Accents and Pulaski to Magnussen Home and Bernhardt, Philippines-based manufacturers have made their mark on the U.S. market. According to U.S. government figures, furniture imports from the Philippines rose 11% in 2004, to $202.7 million. For the first half of 2005, they rose 23% from the same period in 2004, to $124.8 million.
Based on such numbers, CebuX promoters aren’t going to abandon the U.S. market anytime soon. According to their most recent trade data, about 68% of their companies’ furniture exports go to the States.
But they also aren’t going to limit themselves. Even before the recent interest in Russia and China, the Philippine producers have pursued other new markets.
With similar vigor, they have catered to Middle Eastern markets. According to show statistics, 8% of the buyers at CebuX in 2005 came from there, thanks in part to the ease of travel between the Middle East and the Philippines. With large-scale developments occurring in places such as Dubai, the market has a lot of potential.
Growing markets in Russia and China only add to the possibilities for manufacturers and their employees in the Philippines.
Show organizers acknowledge that their exhibitors compete against Chinese manufacturers that have recruited talented Filipino workers to make Philippines-style product.
Chinese plants, however, have to import raw materials, which range from abaca to bamboo and coco shells. Filipino manufacturers have the advantage of having those materials at their fingertips, which should help them produce and quickly ship finished goods to Russia and China.
But as with the U.S. market, their success also depends on how well they market the goods to their prospective customers.
Thanks to the use of indigenous materials, many of the Philippines products have remarkably eclectic, distinctive designs. If consumers in Russia and China are as curious about such materials as their American counterparts, they will want to know the stories behind them. That’s where the Filipinos also should excel. After all, who out there is better to tell that story than the people most familiar with the materials in the finished product?
If it can succeed at doing that, the furniture industry in the Philippines should have unbridled potential to sell not just in Russia and China, but other emerging markets too. (to view or add public comments click on "Add your Comment" below each blog post)
Posted by Tom Russell on February 24, 2006 |
Comments (61)
November 30, 2012
In response to:
Philippines furniture makers excited about new marketsumdbefourdc commented:
zcXmaY vatshflylqvb
November 24, 2012
In response to:
Philippines furniture makers excited about new marketstbsagdzmorj commented:
Vrg4Gq ekhsyfmgardz
November 24, 2012
In response to:
Philippines furniture makers excited about new marketsSahyog commented:
sana itoy ma aksyunan sir/madam kasi mnarmiag mga tao ang nakatira dito sa purok caimito, sanito, ipil, zamboanga sibugay province. ito kasing lupa ay pag-mamay-ari dati ni florcerfina tuarez-agustin at itoy kino-collateral sa kkk. at ng hindi mabayaran ito ay na foreclose peru sa panahong yun ay nawala na ang kkk kaya ito'y hinahawakan ng LBP-Zamboanga city. Ang mga taong nakatira dito ay minsanang nag e-enquire sa LBP-Ipil na sila nalang sana ang bibili kasi 50-to 10yrs. na silang naninirahan dito. At ang sabi antay nalang sa court order kasi naka pending pa ito sa korte. Peru laking gulat nalang kasi noong April 3, 2011 may biglang nagpakilalang siya ang bagong may-ari sa lupang tinitirahan ng humigit kumulang 100households. Nagtataka ang mga tao kasi ni kahit minsan walang public auction naganap at ni kahit pulong-pulong manlang ng mga taga lbp bank dito sa mga taong nakatira, eh wala. At isa pa ang lupang ito ay pinabayaan nila ni hindi nila pinagbawalan ang mga taong tumira dito. At nalalaman pa dito na kaya pala walang nangyayaring public auction kasi ang una palang nagmamay-ari pagkatapos ng forclosure ay mga empleyado pala ng mismong LBP Bank at ngayun ibininta kay gloria j. allazas distributor ng uneliver. sana matulungan ninyo ang mga taong nakatira dito kasi ang ginagawa nila ay malaking kamalian tini-take advantage nila kasi sila ang may alam sa lahat at pinag fiestahan nila itong lupang pag-aari ng gobyerno.. ngayong june 04, 2011 ay may maganap na meeting lahat ng nakatira dito ay pinatatawag ni gloria j. allazas na syang nag mamay-ari sa title no. T-57-999, T-57-300, T-57-301, T-57-302, T-57-303, T-57-304, T-57-305, T-57-306 AND T-57-307. Sana naman tulungan ninyo ang mga taong mahihirap at walang kakayahan sa pag tatanggol ng kanilang mga sarili kasi mayaman ang kanilang kinakaharap ngayon. salamat po. godbless..
November 22, 2012
In response to:
Philippines furniture makers excited about new marketsLoradae commented:
Taking the ovveriew, this post is first class
February 4, 2011
In response to:
Philippines furniture makers excited about new marketsEdTa commented:
Phils furniture exporters are still hopeful for the U.S. market to regain its economy, though pricing as of now is very challenging... Those days were gone-- Nowadays 10% markup to break even is quite enough just to keep the business going otherwise company will be include in the axe list.
November 15, 2010
In response to:
Philippines furniture makers excited about new marketsLinuitvunse commented:
rbkds
[url=http://www.movabletype.org/members/antibiotics]buy antibiotics[/url] jdi
yhmxwyg
April 13, 2009
In response to:
Philippines furniture makers excited about new marketsflovergirll commented:
дооооооо
August 25, 2008
In response to:
Philippines furniture makers excited about new marketsdoroti248736 commented:
XRumer is the premier automated link-building tool. Through the use of this tool you will see a significant increase in the number of unique visitors to your site, as well as see your site jump in the search engine result pages. The tool is popular among both novices and gurus because of both its flexibility, power, and effectiveness. XRumer is extremely reliable and its fully automated workflow makes link-building a breeze.
August 13, 2008
In response to:
Philippines furniture makers excited about new marketsJeremy commented:
Looking for information and found it at this great site.
August 13, 2008
In response to:
Philippines furniture makers excited about new marketsJeremy commented:
Very cool design! Useful information. Go on!
August 13, 2008
In response to:
Philippines furniture makers excited about new marketsJeremy commented:
I have been looking for sites like this for a long time. Thank you!
August 13, 2008
In response to:
Philippines furniture makers excited about new marketsJeremy commented:
You have an outstanding good and well structured site.
August 12, 2008
In response to:
Philippines furniture makers excited about new marketsJeremy commented:
Pretty nice site, wants to see much more on it! :)
August 12, 2008
In response to:
Philippines furniture makers excited about new marketsJeremy commented:
Thank you for your site. I have found here much useful information.
August 12, 2008
In response to:
Philippines furniture makers excited about new marketsJeremy commented:
Excellent site, added to favorites!!
August 12, 2008
In response to:
Philippines furniture makers excited about new marketsJeremy commented:
Very interesting website. Keep up the outstanding work and thank you.
July 3, 2008
In response to:
Philippines furniture makers excited about new marketsNio commented:
zkI3cD I am need to price
May 21, 2008
In response to:
Philippines furniture makers excited about new marketsrgergerger commented:
Interesting web page is, i\'ll see you later one more timeg
May 15, 2008
In response to:
Philippines furniture makers excited about new marketsrgergerger commented:
Interesting web page is, i\'ll see you later one more timeg
April 24, 2008
In response to:
Philippines furniture makers excited about new marketsPeter commented:
Hello. Here I have found a lot of useful to myself.
February 19, 2008
In response to:
Philippines furniture makers excited about new marketsgrootix commented:
Íà òîò ñëó÷àé åñëè ó âàñ çàâàëÿëèñü êàêèå-íèáóäü ìåäñïðàâêè ñ ïå÷àòÿìè âñåâîçìîæíûõ áîëüíèö â ÌÑê èëè â ÑÏá, ìû ïðåäëàãàåì ïðèîáðåñòè îíûå ó âàñ ñ îùóòèìîé ôèíàíñîâîé êîìïåíñàöèåé.
spravkaspb(áàðáîñ)nm.ru
December 3, 2007
In response to:
Philippines furniture makers excited about new marketsJeremy commented:
Hm, interesting
October 23, 2007
In response to:
Philippines furniture makers excited about new marketsNasternwi commented:
Greetings
I shall do posts and to read this forum
October 22, 2007
In response to:
Philippines furniture makers excited about new marketsManchesterVan commented:
Hello
I bad gays
I here I with you .
September 26, 2007
In response to:
Philippines furniture makers excited about new marketsandrefitork commented:
dfdfdfdfdfffffffffffffffffffffffffffffffffffff
fdgfgfgfffffffffffffffffffffffffffffffffffffff
September 3, 2007
In response to:
Philippines furniture makers excited about new marketsJaime Webber commented:
d7dde011b8a2db18218f7c8acfed5a3a
August 30, 2007
In response to:
Philippines furniture makers excited about new marketsAnaya Osborne commented:
807173878dffd0cee77378c65de88689
August 28, 2007
In response to:
Philippines furniture makers excited about new marketsPhoebe Hunter commented:
87efc06ecb52d5d637576af525d5d0ce
August 20, 2007
In response to:
Philippines furniture makers excited about new marketsMegan Blowers commented:
One's first step in wisdom is to kuesteon everything - and one's last is to come to terms with everything.
August 15, 2007
In response to:
Philippines furniture makers excited about new marketsMich commented:
Wonderful and informative web site.
June 14, 2007
In response to:
Philippines furniture makers excited about new marketsMario commented:
Cheak my site!!!
May 15, 2007
In response to:
Philippines furniture makers excited about new marketsanti aging human growth hormone clinics commented:
Hi! Beautiful site.
May 3, 2007
In response to:
Philippines furniture makers excited about new marketsmarture commented:
it is the greatest site i have ever seen!
MOlodeLL Ho 9 He Xo4y 6bITb He}I{uBbIM!
Ja Krevetko!
April 28, 2007
In response to:
Philippines furniture makers excited about new marketscosplay sluts commented:
Hello!
Good Site! :)
March 26, 2007
In response to:
Philippines furniture makers excited about new marketscheap rim and tire commented:
Thank you.
Always yours, Tire Retreading Repair Shop.
January 21, 2007
In response to:
Philippines furniture makers excited about new markets[5!], [5!] commented:
Your site looks great!!!!!!!!!! Please, look at my ;) Thanks!, Your site looks great!!!!!!!!!! Please, look at my ;) Thanks!
January 19, 2007
In response to:
Philippines furniture makers excited about new marketsrgergerger commented:
Interesting web page is, i\'ll see you later one more timeg
January 6, 2007
In response to:
Philippines furniture makers excited about new markets[3!]fiva, [3!]fiva commented:
Great place to visit!: Thanks!, Great place to visit!: Thanks!
January 5, 2007
In response to:
Philippines furniture makers excited about new markets[3!]fiva, [3!]fiva commented:
Very creative... May be you make new design for my sites? Thanks!, Very creative... May be you make new design for my sites? Thanks!
December 29, 2006
In response to:
Philippines furniture makers excited about new markets[3!]fiva, [3!]fiva commented:
wesome content. greets to the webmaster of this wonderful site! i like it! Thanks!, wesome content. greets to the webmaster of this wonderful site! i like it! Thanks!
December 24, 2006
In response to:
Philippines furniture makers excited about new marketscantant, cantant commented:
great site, great site
December 23, 2006
In response to:
Philippines furniture makers excited about new marketssarde, sarde commented:
Very interesting., Very interesting.
December 21, 2006
In response to:
Philippines furniture makers excited about new marketsbesti, besti commented:
good site, good site
December 16, 2006
In response to:
Philippines furniture makers excited about new marketsGuruchel commented:
Good site! Good Luck. Thank you.
December 13, 2006
In response to:
Philippines furniture makers excited about new marketsMister commented:
Good site! Good Luck!!!
December 1, 2006
In response to:
Philippines furniture makers excited about new marketsgimi commented:
great site
December 1, 2006
In response to:
Philippines furniture makers excited about new marketsgimi commented:
Excellent browsing have the to
November 23, 2006
In response to:
Philippines furniture makers excited about new marketsgimi commented:
While site keep Good work
November 16, 2006
In response to:
Philippines furniture makers excited about new marketslcdlcd commented:
good site
October 27, 2006
In response to:
Philippines furniture makers excited about new marketssausau commented:
Good Site .Nice work.
October 12, 2006
In response to:
Philippines furniture makers excited about new marketsPadeTe commented:
Very interesting.
October 8, 2006
In response to:
Philippines furniture makers excited about new marketsseRev commented:
Beautiful site!
September 13, 2006
In response to:
Philippines furniture makers excited about new marketsQween Lorry commented:
I would like to wish you much luck. And a lot of money. Thank you.
August 17, 2006
In response to:
Philippines furniture makers excited about new marketseH4R5zhNIc commented:
McmtIjFmzjUTg SQFvOHyHUv cVnD79yOUiPN7F
August 15, 2006
In response to:
Philippines furniture makers excited about new marketsOliver commented:
Hi, good source! Respect to owner! visit my pages:
August 7, 2006
In response to:
Philippines furniture makers excited about new marketsuzqfdvsyp obsw commented:
cjxrf yvhd iyontgh mhne emthspka puzimfy gshnp
July 24, 2006
In response to:
Philippines furniture makers excited about new marketsxypdhfvgw ulfk commented:
ctxrmheik mcpriwou tjkixl ydnu pavusf wnhux tveraium
July 10, 2006
In response to:
Philippines furniture makers excited about new marketsy9CaLB9rjl commented:
1tPPYDJyT7 wdXcphb3xitsrA htHYe2NI2B
July 10, 2006
In response to:
Philippines furniture makers excited about new marketsEsruoBxkDT commented:
VYWEmbSyFvCH 0MvC6K0rXn 5m20b5Z0HKo
June 22, 2006
In response to:
Philippines furniture makers excited about new marketstype1 commented:
Hi Nice Book
April 23, 2006
In response to:
Philippines furniture makers excited about new markets5zROlMk9My commented:
5f0gA9ZdSg Tj096anvOzWgw NPEFmkjFGo3
« Friedman's insights shed light on the future of the U.S. work force |
Main
| Malaysian furniture industry has opportunity to reach higher end consumer »
Advertisement
Advertisement
OTHER HOME FURNISHING SITES
