Asian Furniture Imports to US Top $23 Billion

Total Page:16

File Type:pdf, Size:1020Kb

Asian Furniture Imports to US Top $23 Billion Asian furniture imports to US top $23 billion ajot.com/premium/ajot-asian-furniture-imports-to-us-top-23-billion Matt Miller The American insatiable appetite for furniture makes the US a $100-billion dollar market. With a 70% slice of wooden imported furniture, Asian suppliers are ahead of the competition. But shifts in sourcing within Asia and new markets are redefining the furniture supply chain. It’s early February, just a few days before the start of the 2018 lunar New Year, a period when factories in China and Vietnam close down for two or three weeks. Like others in the field, Jeff Sears is scrambling to get as many furniture-filled containers out the factory door and loaded on ships from Chinese and Vietnamese ports bound for North America. Sears is director of international logistics for Art Van Furniture, a major and fast-growing Midwest retailer, with stores throughout Michigan, Iowa, Indiana, Ohio, Illinois and more recently, in Pittsburgh and Washington DC. “The biggest challenge right now is getting space” on container ships, said Shears, by telephone from his base in Shenzhen, China. “We’re shipping double orders right now. Plus, this time of year, we have to ship all our outdoor furniture.” That rush to beat Lunar New Year, with cargo space so tight, is only one issue facing furniture importers in the US and the logistics specialists such as Sears that support them. They must contend with a changing manufacturing landscape across Asia, competition from China’s growing consumers and the expanding online furniture market in the US, with more complicated packaging and delivery requirements. Vying for America’s Billion-dollar Marketplace America’s 100-billion-dollar furniture marketplace remains healthy, amidst steady growth over the past several years. According to Furniture Today research, furniture sales, including bedding, topped $108 billion in 2017, with a 3% growth projected this year. Asia supplies more than 70% of imported wooden furniture, which last year totaled $23.3 billion, according to US International Trade Commission (USIT) data, a 9% increase over 2016. However, manufacturing origins are shifting within the continent. China continues to dominate, while Vietnam is on the rise. Malaysia, Indonesia and India continue to be part of the mix. There’s talk that Cambodia, Bangladesh and Myanmar may all get a boost within the next five years or so. But the biggest story of the past decade is the rise of Vietnam, a transformation that is likely to continue developing. “Vietnam is still going to keep growing for furniture for ten years at least,” said Sears, who also has served as the longtime chair of The International Furniture and Transportation Logistics Council. According to Furniture & Furnishing Export International, China exported $52.7 billion worth of furniture globally last year, while Vietnam exported $6.7 billion. But the US accounted for more than half Vietnam’s exports, while less than one-third of China’s. According to US Census Bureau data, Chinese imports totaled $11.3 billion in 2017, a 48% market share. Vietnam was second, with $3.4 billion, an 11.5% share. The US is by far the world’s biggest importer of furniture, accounting for about one-third of the world’s import totals. Art Van is indicative of the shift within Asia. When Sears first came to Shenzhen 11 years ago, China supplied 80% of the retail chain’s needs, with the rest divided between Vietnam, Malaysia, Indonesia and India. China now accounts for only 40% of a much bigger total, with Vietnam another 40%, according to Sears. Labor costs are certainly a big factor in giving Vietnam a competitive advantage, although not nearly as much as a decade ago. A furniture factory worker in Vietnam these days gets about $300 a month, while a Chinese worker makes about $450 a month. Ten years ago, a Chinese factory employee made about $300 a month, while his or her counterpart in Vietnam made only about $100 a month. New Sources Most shipping lines and freight forwarders will common rate the port of Ho Chi Minh with Chinese ports, such as Shenzhen and Shanghai, making Vietnam that much more attractive. However, the shift away from China to Vietnam in part was forced upon the industry. In early 2005, America’s Department of Commerce slapped Chinese manufacturers of wooden bedroom furniture with antidumping duties. This followed a time of extraordinary growth, when Chinese suppliers in a four-year period from 2000 to 2004 more than tripled their furniture exports to the US, and more than doubled market share to about half of all furniture imported into the US. After Washington’s move, importers of China-made bedroom furniture faced duties that ran anywhere from 7% to almost 200%. (These duties continue to this day. The International Trade Commission last year voted to keep the duties for another five years.) Chinese manufacturers did what they often do in situations such as this: They picked up and relocated, in this case to Vietnam, taking advantage not only of low labor costs but preferential duties as well. Art Van now uses 47 factories in Vietnam. “I would say forty of them are Chinese- owned factories,” said Sears. “They were in China. They moved the whole operation to Vietnam.” While Vietnam began by making bedroom furniture for the American market, its factories now construct as well furniture for the dining room, entertainment centers and home offices. China, by contrast, now supplies the US primarily with sofas and other upholstered and leather goods, along with steel and glass-related furniture. Malaysian factories, for their part, continue to produce extremely low-end bedroom and dining room sets, while Chinese manufacturers in Indonesia have moved upmarket supplying affluent customers with hardwood furniture. China-based furniture manufacturers have begun to move out of major cities to cut labor costs. However, they are also turning to their own consumers for increased sales. Furniture in China sells for more than it does in the US, with a higher profit margin. China’s fast-growing domestic market, with a middle class that numbers in the hundreds of millions, offers its furniture manufacturers a lucrative alternative to export. “Consumers’ increasing purchasing power has driven the furniture market to develop in leaps and bounds,” wrote the Hong Kong Trade and Development Council in a research paper last year, adding, “China’s furniture market has vast room for expansion.” According to the report, sales in 2016 totaled RMB 856 billion ($134.75 billion), an 8.6% growth over 2015. That burgeoning domestic market impacts American buyers such as Art Van. “A lot of factories we have dealt with in the past we don’t buy from anymore, because they focus fully on the Chinese domestic market,” said Sears. “They’re not as hungry for the US business the way they used to be, now they have more options,” he said. Furniture, itself, is a relatively low-value commodity. A container of furniture will be worth anywhere from $7,000 to $20,000, according to Sears. That means, he said, that freight represents a relatively high percentage of the total, so it’s critical to keep those transport costs down. Volume provides one obvious advantage. Art Van this year should ship around 6,500 containers from 185 suppliers in Asia, through one shipping line and three freight forwarders. “Added demand means more containers, means more bargaining power when we talk to carriers and it cuts contract time,” Sears explained. According to Furniture Today, Art Van ranks 18th among American furniture retailers. With estimated sales in 2016 of $740 million, an increase of $65 million from 2015. Keeping Freight Costs Down In the case of Art Van, all furniture is destined for a single distribution center in Detroit. Sears wants to keep the average price of a delivered container to about $3,700. Vancouver is the number one port destination for Art Van, with Los Angeles second and Montreal and New York in third place. Containers are carried from the ports by rail, the cost of which is as high or higher than sea transport from Asia to North America. (The Port of Los Angeles receives more imported furniture than any other in the US, according to customs figures, more than twice the value of New York, which ranks second.) Flexibility is the name of the game. “You have to go after the lowest price in the market and that means you have to give up things,” Sears said. In this case, he said, “You don’t get loaded like you want to all the time.” Unlike, say, garments and many other consumer goods, furniture isn’t tied to the seasons, with the obvious exception of those meant for outdoors. What’s more, there’s no great Christmas rush. “Overall, it’s about the same volume each month,” said Sears. It takes about 90 days from when an order is made to when it’s shipped, plus another 45 days for shipping, wait time and delivery. Furniture packaging has developed over the years, and most suppliers have risen to the challenge. “Ten years ago, packaging was not the standard we needed from Asia. They were using recycled cartons. They weren’t using proper foam protection, side protection. They weren’t wrapping sofas properly,” said Sears. “Over time, that’s got a lot better.” The exception is India. “No matter how hard we try with India, we’re still getting substandard packaging and we have to deal with that,” he said. Brick and mortar stores still dominate furniture retailing in the US. Online furniture accounts for only about 10% of total retail sales, but the number of buyers is exploding, and proper packaging for home delivery has become more and more of an issue.
Recommended publications
  • Furniture Industry in Kenya
    Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized FURNITURE INDUSTRY IN KENYA Situational Analysis and Strategy Disclaimer: This volume is a product of the staff of the International Bank for Reconstruction and Development/ The World Bank. The findings, interpretations, and conclusions expressed in this paper do not necessarily reflect the views of the Executive Directors of The World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Copyright Statement: The material in this publication is copyrighted. Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law. The International Bank for Reconstruction and Development/ The World Bank encourages dissemination of its work and will normally grant permission to reproduce portions of the work promptly. For permission to photocopy or reprint any part of this work, please send a request with complete information to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, USA, Telephone 978-750-8400, fax 978-750-4470, http://www.copyright.com/. All other queries on rights and licenses, including subsidiary rights, should be addressed to the Office of the Publisher, The World Bank, 1818 H Street NW, Washington, DC 20433, USA, fax 202-522-2422, [email protected] ACKNOWLEDGEMENTS his report, funded through the generous sponsorship of DFID and the Netherlands, has been Tprepared jointly by a team from Creapo Oy, Helsinki, Finland (Harri Ahveninen, MSc.
    [Show full text]
  • The Bamboo and Rattan Sectors in Asia: an Analysis of Production-To-Consumption Systems
    The Bamboo and Rattan Sectors in Asia: an Analysis of Production-to-Consumption Systems Working Paper No. 22 Brian M. Belcher International Network for Bamboo and Rattan ● Beijing ● New Delhi ● Eindhoven © International Network for Bamboo and Rattan, 1999 All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording or any information storage and retrieval system, without permission in writing from the publisher. The presentation of material in this publication does not imply the expression of any opinion on the part of INBAR concerning the legal status of any country, or the delineation of frontiers or boundaries. ISBN 81-86247-38-6 Designed & Printed by : Multiplexus (India), Delhi-54, INDIA ACKNOWLEDGEMENTS This assessment would not have been possible without the inputs and insights provided by the researchers, authors and other associates who were involved in the first series of socio-economic case studies carried out as part of INBAR's Socio- economics and Policy Program. In particular, the author extends his sincere thanks to (in alphabetical order): Mylene Aparente, Sastria Astana, Ma. Vienna Austria, Lal Mrigendrasingh Baghel, Xie Chen, Jasni Djarwanto, Dharmendra Duggaya, Hariyatno Dwiprabowo, Rachman Effendi, Wesman Endon, Leino Espanto, B.N. Gupta, Setyawadi Hadi, Vijay Ilorkar, Setiasih Irawanti, Xie Jinzhong, N.K. Joshi, J.B.S. Karki, Madhav Karki, Maman Mansyur, Fu Maoyi, P.M. Mathew, Kanwarjit Nagi, D.L. Nandeshwar, B.D. Nasendi, Isabelita Pabuayon, Ridwan Pasairibu, Hendro Prahasto, Soetarso Priasukmana, Boen Purnama, Osly Rachman, Merlyn Rivera, Khamphone Sengdala, Bouahome Sengkhamyong, Gopal Sherchan, Rahayu Supriadi, Uhaedi Sutisna, D.N.
    [Show full text]
  • Whither North Carolina Furniture Manufacturing?
    Working Paper Series This paper can be downloaded without charge from: http://www.richmondfed.org/publications/ Whither North Carolina Furniture Manufacturing? Robert L. Lacy Federal Reserve Bank of Richmond 701 E. Byrd Street Richmond, VA 23219 September 2004 Working Paper No. 04-07 Key Words: Furniture Manufacturing, Regional Economic Activity, Industry Studies JEL Nos. L60, N62, N92, R11 Abstract: North Carolina’s furniture manufacturing industry has contracted in recent years as imports have gained a greater share of the domestic furniture market. Rapid growth of the furniture industry in China and a surge in exports from that country to the United States in particular have contributed to plant closings and consolidation of operations in the state. North Carolina’s furniture manufacturers are adapting to the emergence of global competition and are developing new corporate strategies to better compete. The reviews expressed herein are not necessarily those of the Federal Reserve Bank of Richmond or the Federal Reserve System. E-mail address: [email protected]. Whither North Carolina Furniture Manufacturing? Furniture manufacturing has a long and storied tradition in North Carolina. From modest origins in the late 1800s, the state’s furniture industry expanded during the twentieth century to rank among the largest and most prosperous in the nation. High Point, Hickory, Drexel, Thomasville and other small North Carolina towns became focal points of the United States furniture craft during the period. And prosperity in the industry helped raise standards of living in a state that was once among the poorest in the nation. Along with textiles and tobacco processing, furniture manufacturing became symbolic of North Carolina’s industrial progress and the South’s efforts to spur economic development in the twentieth century.
    [Show full text]
  • Upgrading Strategies in Global Furniture Value Chains
    Research and Statistics Branch working paper 9/2008 Upgrading Strategies in Global Furniture Value Chains UNITED NATIONS INDUSTRIAL DEVELOPMENT ORGANIZATION RESEARCH AND STATISTICS BRANCH WORKING PAPER 09/2008 Upgrading Strategies in Global Furniture Value Chains Raphael Kaplinsky DPP-Technology The Open University Jeff Readman Centre for Research in Innovation Management University of Brighton Olga Memedovic UNIDO UNITED NATIONS INDUSTRIAL DEVELOPMENT ORGANIZATION Vienna, 2009 Acknowledgements This working paper has been prepared under the guidance of Olga Memedovic, UNIDO project manager in the context of the UNIDO project “Global Value Chains and Production Networks: Prospects for Upgrading by Developing Countries”. Contributors to the paper are Raphael Kaplinsky, DPP-Technology, The Open University, Jeff Readman, Centre for Research in Innovation Management University of Brighton, and Olga Memedovic, UNIDO staff member. Special thanks are due to UNIDO staff members Juergen Martin Hierold and Antonio Levissianos for providing technical inputs in the initial stage of the preparation of this paper, and to Penelope Plowden and Georgina Wilde for their style editing contribution. Iguaraya Saavedra provided administrative support. The designations employed, descriptions and classifications of countries, and the presentation of the material in this document do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations Industrial Development Organization (UNIDO) concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries, or its economic system or degree of development. The responsibility for opinions expressed rests solely with the authors, and publication does not constitute an endorsement by UNIDO of the opinions expressed.
    [Show full text]
  • Ivey Case Format
    9B04M005 PALLISER FURNITURE LTD.: THE CHINA QUESTION Jing'an Tang prepared this case under the supervision of Professor Paul W. Beamish solely to provide material for class discussion. The authors do not intend to illustrate either effective or ineffective handling of a managerial situation. The authors may have disguised certain names and other identifying information to protect confidentiality. This publication may not be transmitted, photocopied, digitized or otherwise reproduced in any form or by any means without the permission of the copyright holder. Reproduction of this material is not covered under authorization by any reproduction rights organization. To order copies or request permission to reproduce materials, contact Ivey Publishing, Ivey Business School, Western University, London, Ontario, Canada, N6G 0N1; (t) 519.661.3208; (e) [email protected]; www.iveycases.com. Copyright © 2004, Richard Ivey School of Business Foundation Version: 2014-11-18 In September 2003, Art DeFehr, president of Canada’s second largest furniture company, Palliser Furniture Ltd. of Winnipeg, Manitoba, was pondering whether to significantly expand the company’s relationship with China. Ever since Palliser set up a plant in Mexico in 1998, the company had faced increasing competitive pressures from Asia, especially from China. THE MEXICO INVESTMENT 1998 In 1998, Palliser set up a leather furniture manufacturing facility in Saltillo, Coahuila, Mexico, to serve the mid-west and southern North American market. Palliser continued to ship products from its Winnipeg plants to the northern United States and Canadian markets. The Mexican facility would expand Palliser’s leather manufacturing capacity, which was also part of its strategic shift from producing wood furniture to Use outside these parameters is a copyright violation.
    [Show full text]
  • Monitoring of the Chinese Furniture Sector
    MONITORING OF THE CHINESE FURNITURE SECTOR March 2000 Union Européenne de l'Ameublement in cooperation with ID Consulting Co-funded by the Asia-Invest Programme Asia-Invest Furniture Project Monitoring of the Chinese Furniture Sector Table of contents Index of Tables Executive Summary Objectives and methodology Chapter 1 Introduction Page 4 1.1 Economic and political outlook 4 1.2 Background 5 Chapter 2 Regulation structure and policy Page 8 2.1 Key government policies 8 2.2 China National Furniture Association - CNFA 9 Chapter 3 The furniture industry Page 10 3.1 Natural resources 10 3.2 Local & foreign manufacturers 11 3.3 Wooden furniture 15 3.4 Metal furniture 16 3.5 Plastic furniture 17 3.6 Other furniture 18 3.7 Geographic location 19 3.7.1 Guangdong province 20 3.7.2 Shanghai 20 3.8 Foreign trade 22 Chapter 4 The furniture market Page 33 4.1 Construction plans 33 4.2 Office furniture 34 4.3 Household furniture 36 4.3.1 Living room furniture 40 4.3.2 Dining room furniture 40 4.3.3 Bedroom furniture 41 4.3.4 Kitchen furniture 41 4.3.4 Children furniture 42 4.4 Contract furniture 42 4.5 Hotel furniture 43 4.6 Marketing of furniture in China 43 4.6.1 Wooden furniture 43 4.6.2 Metal furniture 45 4.7 Design 45 © U.E.A. Asia-Invest Furniture Project Monitoring of the Chinese Furniture Sector Index of tables Table 1-1 Population in Asian countries Table 1-2 China GDP growth Table 1-3 Some economic indicators for China Table 2-1 The key actors of China furniture industry Table 3-1 The legal status of Chinese furniture manufacturers Table
    [Show full text]
  • STRATEGIES for the DEVELOPMENT of SUSTAINABLE WOOD-BASED INDUSTRIES in INDONESIA Final Report - Study C
    ITTO PROJECT PD 85/01 REV.2 (I) STRATEGIES FOR THE DEVELOPMENT OF SUSTAINABLE WOOD-BASED INDUSTRIES IN INDONESIA Final Report - Study C International Market Analysis Sub-Studies C1 Analysis of International Markets, Prices, Substitution and Competition C2 Trade Trends, Barriers and Competitiveness of Indonesian Hardwood Products Authors: Jukka Tissari Satria Astana With contributions from: John FoEh Iman Santoso Bogor, July 6, 2004 ITTO PD 85/01 Rev.2 (I) STRATEGIES FOR THE DEVELOPMENT OF SUSTAINABLE WOOD-BASED INDUSTRIES IN INDONESIA TABLE OF CONTENTS EXECUTIVE SUMMARY 1 INTRODUCTION 13 1.1 Purpose of the report 13 1.2 Background 14 1.3 Challenges in the forestry and wood sector 16 1.4 Statistical foreword 19 1.5 Structure of the report 20 2 GLOBAL TRENDS IN INTERNATIONAL FOREST PRODUCTS TRADE 22 2.1 Overview on trade vs. deforestation 22 2.2 Primary processed wood products 24 2.2.1 Sawnwood 24 2.2.2 Veneer 26 2.2.3 Plywood 27 2.2.4 Particleboard 28 2.2.5 Fiberboard 30 2.2.6 Wood pulp 30 2.3 Further processed wood products 31 2.3.1 Overview 31 2.3.2 Profiled wood 32 2.3.3 Builders’ joinery and carpentry 33 2.3.4 Wooden furniture 35 2.3.5 Other further processed wood products 39 3 INDONESIA´S ROLE IN INTERNATIONAL FOREST PRODUCTS TRADE 41 3.1 Primary processed wood products 41 3.1.1 Global overview of major players 41 3.1.2 Sawn hardwood 41 3.1.3 Hardwood plywood 44 3.1.4 Chemical wood pulp 48 3.2 Wooden packaging products 50 3.2.1.1 Definition 50 3.2.1.2 Wooden packings, boxes, crates, cable drums, etc.
    [Show full text]
  • Download File
    Joints of Utility, Crafts of Knowledge: The Material Culture of the Sino-British Furniture Trade during the Long Eighteenth Century Kyoungjin Bae Submitted in partial fulfillment of the requirements for the degree of Doctor of Philosophy in the Graduate School of Arts and Sciences COLUMBIA UNIVERSITY 2016 © 2016 Kyoungjin Bae All rights reserved ABSTRACT Joints of Utility, Crafts of Knowledge: The Material Culture of the Sino-British Furniture Trade during the Long Eighteenth Century Kyoungjin Bae This dissertation examines the material culture of the Sino-British furniture trade in the eighteenth and early nineteenth centuries. In the beginning of the eighteenth century, the British East India Company (EIC) began importing a large quantity of furniture made in Canton (Guangzhou), China. As the trade between Britain and China became standardized around 1720, this furniture became a part of the private trade carried out by merchants associated with Company. Unlike other objects of the China trade that fed into the vogue of chinoiserie, export furniture crafted with hardwoods from the Indian Ocean was produced in European designs of the time and thus was often indistinguishable from its Western counterparts. What cultural and economic values did export furniture represent in the early modern maritime trade and how did it reify the trans-regional movement of knowledge and taste between China and Britain? Going beyond the conventional perspective on export Chinese objects oriented toward European reception, I connect production with consumption in order to follow the trajectory of export furniture from its origins in the intra-Asian timber trade to its requisition and manufacture in Canton to its reception and use in both Britain and China, highlighting how this process linked the disparate spheres of commerce, knowledge production and distribution, and cultural practices.
    [Show full text]
  • Causal and Exploratory Associations Between Manufacturing Outsourcing and Innovation Performance in the UK Furniture Industry
    Causal and exploratory associations between manufacturing outsourcing and innovation performance in the UK furniture industry Jeff Readman A thesis submitted in partial fulfilment of the requirements of the University of Brighton for the degree of Doctor of Philosophy February 2014 The University of Brighton Abstract While the cost advantages associated with outsourcing are accepted, the impact that outsourcing may have on innovation performance is ambiguous. One perspective suggests that firms outsourcing low value-adding activities will achieve higher innovation performance (that is, better designed or more technologically advanced products or more substantive process improvements) than firms that perform these activities in-house. Another view holds that firms that outsource high value-adding activities may have lower innovation performance than those firms that perform these activities in-house. While these two positions are not contradictory, neither are they complimentary. Moreover, superior innovation performance can be achieved through the effective use of innovation, or dynamic, capabilities. The relationships between outsourcing and innovation performance in the UK furniture manufacturing industry are investigated in this study. A mixed-methods approach is employed, which includes three case studies and a survey of 66 manufacturers. Industry analysis and case interviews document the critical value added activities in the industry and contribute to the formulation of a questionnaire. Non-parametric statistical techniques are applied to test the survey results. This study contributes to the discourse by showing that innovation performance is affected by outsourcing decisions. Outsourcing peripheral activities has no impact on innovation. However, performing core activities has a positive impact on innovation. The findings support the previous documented relationship between capabilities and product and process innovation by revealing enablers, which are particular to the furniture industry.
    [Show full text]
  • Some Views on Developing Furniture Industry in Yunnan Under The
    2nd Annual International Conference on Social Science and Contemporary Humanity Development (SSCHD 2016) Some Views on Developing Furniture Industry in Yunnan under the Background of INTERNET Plus Hua-Jie SHEN1, a, Jian QIU1 and Han LIU2, b 1School of Materials, Southwest Forestry University, Kunming, Yunnan Province, China 2Dongguan Polytechnic, University Road, 3rd, Songshan Lake zone , Dongguan, Guangdong Province, China E-mail: [email protected], [email protected] Keywords: Internet plus, Furniture in Yunnan, SWOT, Innovation, Design. Abstract. The development of Yunnan's furniture has been lagging. In order to seek the route or method for developing the furniture industry under the background of Internet plus, the aspects of key points of its advantage, and disadvantage, and opportunities, and threat were analyzed. The four were dipped out through mining the implications of "Internet plus" and "Internet plus Economic", by means of SWOT analysis. After strategy analysis, it come to the development countermeasures that to propose swagger, to overcome short, and to focus on design are best choice to pool the new furniture era, contacted closely to essence of innovation, combined by the essentials of design. 1. Guidelines In the passing ten years, with China National Furniture Associations collaborative development and planning, the furniture industry in Yunnan province undergoes from major bridgehead to one belt one road directive. Emergence In these years, some industrial parks were emerged, such as Jinning furniture industrial park. It also owns two exceptional titles called as China national wood carving furniture industrial foundation (Jianchuan County) and China mahogany furniture industrial foundation (Ruili County). Meanwhile, Chinas furniture is well known of overcapacity, especially with the quick growth of internet economy.
    [Show full text]
  • V&A's Collections Development
    Collections Development Policy Victoria and Albert Museum 2019 Approved by Trustees Collections Committee: 10 June 2019 Review date: 10 June 2024 Contents Page: 1.Introduction 3 1.1.Governance and Statement of Purpose 3 1.2 About This Policy 3 2.Collections: Asian Department 4 3. Collections: Design, Architecture and Digital 9 4. Collections: Furniture, Textiles and Fashion Department 15 5. Collections: Museum of Childhood 23 6. Collections: Sculpture, Metalwork, Ceramics & Glass 26 7. Collections: Theatre & Performance Department 31 8. Collections: Word and Image Department 36 Appendix: Further Reading on the V&A Collections 45 2 1. Introduction 1.1. Governance and Statement of Purpose 1.1.1 The National Heritage Act, 1983, established the Board of Trustees of the Victoria and Albert Museum to care for, preserve and add items to the collections, exhibit them to the public, make them available for study/research, promote enjoyment of art, craft and design, provide education, undertake research and to preserve/increase the utility of the collections. 1.1.2 The V&A’s mission is to be recognised as the world’s leading museum of art, design and performance. And to enrich peoples’ lives by promoting research, knowledge and enjoyment of the designed world to the widest possible audience. 1.2. About This Policy 1.2.1 This Policy supports the Museum’s strategic priority to sustain and develop our internationally significant collections. It is part of the Collections Management Policy Framework, which also includes: • Collections Care and Conservation Policy, 2019 • Collections Information and Access Policy, 2019 • Loans Policy and Conditions, 2018 1.2.2 This policy defines the coverage of the V&A Collections and themes and priorities for acquisition and review, with detail for the individual collecting departments.
    [Show full text]
  • International Tropicaltimberorganization
    Distr. Gen. PPR 45/97 (1) Original: ENGLISH ITTO INTERNATIONAL TROPICALTIMBERORGANIZATION PRE-PROJECTREPORT CURRENTSITUATION OFFURNITURE INDUSTRYIN MYANMAR [PPD 7196 REV. , (1)] PREPARED FORITTO BY MYANMATIMBER ENTERPRISE PROJECTCENTRALCOORDINATING COMMITTEE (SEPTEMBER ,997) CONTENTS ABBREVIATIONSANDACRONYMS LIST OF ILLUSTRATIONS EXECUTIVE SUMMARY CHAPTER, PAGE I. INTRODUCTION I . I Background , .2 Location of The UNION OF MYANMAR and its forest & 2 general situation 1.3 The Myanmar Forest Policy (4995) 4 I. 4 The furniture industry in Myanmar 4 CHAPTER2 2 FURNITURE PRODUCTION IN MYANMAR 6 2.1 Government sector 6 2.2 Private sector 8 CHAPTER3 3, MARKETSITUATION OFFURNITURE IN MYANMAR 10 3.1 Requirement of the Government Departments 10 3.2 Public requirements 11 3.3 Production capacity 43 3.4. Export market situation 14 CHAPTER4 4 RATTAN FURNITURE INDUSTRY 46 CHAPTER5 5 PRESENT SITUATION OF MYANMAR FURNITURE INDUSTRY 20 CHAPTER6 6 CONCLUSIONS AND RECOMMENDATIONS 23 , REFERENCES ILLUSTRATIONS , I ABBREVIATIONSANDACRONYMS AA, C Annual Allowable Cut ARDC Agricultural and Rural Development Corporation ASEAN Association of South-East Asian Nations. F10 Furniture Industries Department F10 Forest Industry Organization. FOB Free on Board FRIM Forest Research Institute Malaysia FY Fiscal Year Inc International Tropical Timber Council ITFO International Tropical Timber Organization KD Knock Down Kin Kilometer Kin2 Kilometer Square LKS Lesser Known Species MTC Malaysian Timber Council. MTE Myanina Timber Enterprise MTIB Malaysian Timber Industry Board. PTG Plane Tongue and Groove RTA Ready to Assemble S2S Two Sides Planed S4S Four Sides Planed STB State Timber Board TCT Tungsten Carbide Tipped UNCED United Nations Conference on Environment and Development YINIL Yangon Wood Industry Co. Ltd. I . LIST OF ILLUSTRATIONS I.
    [Show full text]