The Furniture Sector in Pakistan: Export performance and ... - TRTA i
The Furniture Sector in Pakistan: Export performance and ... - TRTA i
The Furniture Sector in Pakistan: Export performance and ... - TRTA i
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Table 2.5 Middle East furniture imports<br />
HS code<br />
Product<br />
Middle East imports<br />
2005<br />
Value<br />
($‘000)<br />
Share<br />
(%)<br />
Annual<br />
growth<br />
2001-05<br />
(%)<br />
Major<br />
importers<br />
940330 Office furniture, wooden 156,685 11 3 Saudi, UAE<br />
940340 Kitchen furniture, wooden 99,551 6 23 Saudi,<br />
Turkey, UAE<br />
940350 Bedroom furniture, wooden 298,924 16 17 Saudi, UAE,<br />
Kuwait<br />
940360 <strong>Furniture</strong>, wooden, nes 472,568 37 17 UAE, Israel,<br />
Saudi<br />
940380 <strong>Furniture</strong> of cane, osier, bamboo 94,438 7 27 UAE, Israel,<br />
Saudi<br />
940390 <strong>Furniture</strong> parts nes 120,134 8 20 UAE,<br />
Turkey,<br />
Saudi<br />
940410 Mattress supports 7,661 0 25 Qatar,<br />
Saudi,<br />
Cyprus<br />
940161 Seats with wooden frames,<br />
upholstered<br />
155,459 11 20 UAE, Saudi,<br />
Turkey<br />
940169 Seats with wooden frames 71,916 4 45 Saudi, UAE,<br />
Turkey<br />
Source: ITC database<br />
Case Story 3: Un-upholstered seats with wooden frame markets<br />
Un-upholstered seats with a wooden frame are classified as a separate category <strong>in</strong> trade<br />
statistics (HS 940169) <strong>and</strong> the total world import figure for this product category is estimated<br />
to be as high as US$2.87 billion. <strong>The</strong> world dem<strong>and</strong> for these seats is also <strong>in</strong>creas<strong>in</strong>g; world<br />
imports grew by 12% per year dur<strong>in</strong>g 2001- 05 <strong>in</strong> value terms. Only a h<strong>and</strong>ful of countries<br />
classify this product category <strong>in</strong> more detail, so we cannot speak for all import<strong>in</strong>g markets, but<br />
we can make the general deduction that the imported seats are ma<strong>in</strong>ly for household chairs <strong>and</strong><br />
not for public seat<strong>in</strong>g such as church pews.<br />
<strong>The</strong> United States is the world’s key import market for this component, buy<strong>in</strong>g 37% of world<br />
imports <strong>in</strong> 2005. Germany, United K<strong>in</strong>gdom, France <strong>and</strong> South Korea are also important<br />
markets. South Korea, Spa<strong>in</strong>, South Africa <strong>and</strong> Saudi Arabia are rapidly grow<strong>in</strong>g markets for<br />
this component whilst Japan is show<strong>in</strong>g a slight decl<strong>in</strong>e. <strong>The</strong> Swiss market is on the upper end<br />
<strong>in</strong> terms of average price averag<strong>in</strong>g CIF US$6,555 per ton, almost double the amount per ton<br />
be<strong>in</strong>g paid by other import<strong>in</strong>g countries <strong>in</strong> Europe <strong>and</strong> Japan.<br />
Though Italy is an important exporter of wooden framed seats, with 10% share of world<br />
exports, the lion’s share of supply comes from Asia – Ch<strong>in</strong>a, Vietnam, Malaysia <strong>and</strong> Thail<strong>and</strong><br />
– together mak<strong>in</strong>g up 49% share of world exports <strong>in</strong> 2004.<br />
48 International Trade Centre