Timber-related exports to hit RM19bil in 2023, says Fadillah

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KUALA LUMPUR: The export value of downstream timber products, including furniture, is expected to hit RM19bil in 2025 – accounting for the 68% of the country's total timber products export, says Datuk Seri Fadillah Yusof.

The Plantation and Commodities Minister said this is the projection of the National Agricommodity Policy 2021-2030.

Fadillah said this during his keynote address at the launch of the Export Furniture Exhibition 2023 here on Tuesday . He said to remain relevant and to keep up with the pace of evolving markets, the furniture industry will require a production re-examination and re-invention in terms of increasing local skilled expertise, adopting Industry Revolution technologies and increasing product quality and standardisation.

Fadillah, who is also Deputy Prime Minister, also urged the furniture industry to work closely with the Malaysian Timber Industries Board , Malaysian Timber Council and other government-linked agencies for the betterment of the furniture industry and its exports."However, the pace of annual growth plateaued in recent years due to stagnating productivity growth and increased competition from rising Asian furniture powerhouses such as China and Vietnam," he said.

 

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