PowerPoint Slideshow about 'THE PHILIPPINE FURNITURE INDUSTRY TODAY' - bernad
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Today, the Philippine furniture industry has metamorphosed in a highly diversified manufacturing sector, which is composed of roughly 15,000 furniture firms directly or indirectly employing about 800,000 people. This is thrice the employment estimate of 250,000 in the 1980’s and does not include the estimated 1,000,000 people in the sub-contracting network.
These figures clearly indicate that furniture manufacturing in the Philippines is still labor-intensive, with products ranging from leg items (chairs, tables, beds, settees); case goods (cabinets, desks, chest of drawers, kitchen storage units and related products); and a combination of these two (building or home fittings, shelves, ornaments and similar products).
Moreover, the industry relies heavily on locally procured raw materials such as wood (which represents 40% of the total furniture produced in the country); rattan, bamboo, buri and other forest-based or agricultural materials (which account for another 40%); metal, stone, plastic, and a combination of these materials (mixed media).
The reality of an increasingly global market, however, is not lost on the industry. Not only is competition from other furniture producing countries getting stiff, but the industry is also experiencing problems with the flow of its raw materials, as well as a drain in its competency skill base. Despite these, prospects for our industry remain good.