Introduction

Customarily furniture industry in Bangladesh created as cabin based industry. It is in

90's the point at which the furniture business in Bangladesh has traveled from
house based industry to automated large scale manufacturing focused commercial
ventures. Taking after that the furniture organizations started to develop pleasing
cutting edge hardware, imaginative plans and utilization of various materials.
Furniture industry of Bangladesh is moving its centers from reliance on teak for
crude materials to handled wood. Furniture Industry of Bangladesh. (2010, January
25)
The principle mixed bags of items are wood, prepared wood & Medium Thickness
Fiber board (MDF), overlaid board, particleboard, rattan/bamboo and created iron
furniture. For a more individual space as one's home, the favored crude materials
still stays strong wood, however mix of strong wood with different materials like
stick, rattan, overlaid sheets, plywood and MDF are turning out to be exceptionally
well known. Be that as it may, for workplaces furniture plans are typically centered
on the more contemporary style and the favored utilization of materials incorporate
plastic, MDF, overlaid sheets and fashioned irons. Around 70% generation of
furniture segment of Bangladesh is home furniture and 30% is office furniture.
Furniture Industry of Bangladesh. (2010, January 25)
One of the key qualities of the nearby furniture industry is differences in item
portfolio. As per CSIL (Place for Mechanical Studies), Bangladesh has an in number
potential in connecting home stylistic layout make things with the furniture
business. The fare of furniture items from Bangladesh began from 1995. It is
assessed that, by 2015 Bangladesh has send out capability of artworks furniture
embellishments worth of USD 10 million alongside furniture worth USD 40 million.
The potential can be emerged through misusing low work cost which is an essential
component in getting to be aggressive on the planet market. In wood furniture
assembling, work represents up to 40% of the aggregate expenses. In Bangladesh
work expenses represent 20% of the generation. Here, the time-based
compensation rate in furniture is between $ 0.06-0.40, not as much as in China
($0.50-0.75) which is the biggest furniture trading nation. Furniture Industry of
Bangladesh. (2010, January 25)
At present two applicable affiliations i.e., Bangladesh Furniture Send out Affiliation
and Bangladesh Furniture Commercial ventures Proprietors Affiliation (BFIOA) are
effectively chipping away at emerging the capability of this area. Bangladesh
Furniture Send out Affiliation has 19 individuals. Furniture Industry of Bangladesh.
(2010, January 25)

Profiles of Furniture Industry

Administration of Bangladesh has pronounced the furniture business as a 'Push Part
'. The part's commitment to Gross domestic product (total national output) is 0.29
percent by and large, while the business is embodied around 41,560 undertakings
and utilizes almost two lakh talented and semi-gifted individuals.

Agreeing the authorities of Bangladesh Furniture Commercial ventures Proprietors

Affiliation (BFIOA) there are 28,000 furniture manufacturing plants in Bangladesh
(counting all SMEs) among them 1,952 organizations are enrolled individual from
furniture proprietor's affiliation. Be that as it may, as indicated by the benchmark
review of furniture industry in Bangladesh by Dr. Ali Nesar Khan (2011), there are a
sum of 9,913 wooden and 2,628 non wooden furniture makers in Bangladesh
utilizing around 1,19,810 laborers. Likewise there are around 74,926 carpentry
family units utilizing another 1, 54,285 specialists. Adding to this, there are 1,
20,000 specialists delivering delicate furniture and 200,000 suppliers supplying
crude and semi-handled materials. Out of this tremendous job, just about 1, 00,000
specialists are ladies. Among the representatives working in furniture parts, 20% are
working in vast commercial ventures and 80% are working in SMEs. There are
various furniture bunches in Dhaka which are situated at Badda, Sutrapur, Mirpur
territory of Dhaka. Various huge organizations have their industrial facility in Savar
and Gazipur zone. Number of extensive organizations is few contrast with the
aggregate number of furniture industry in Bangladesh. There are 15 huge Furniture
organizations are doing their business in the nation which incorporates Otobi,
Navana, Hatil, Akhtar, Partex and so on. History of Bangladesh Furniture. (2011).
Table 1: Average sales and profit among different classes of furniture manufacturer

Firm
size

Numbers Average
Gross
of
Annual SalesProfit
Enterprise (BDT)
(%)

Net
Profit
(%)

Micro 7,961
1,877,400
21.6
9.87
Small 1,676
5,118,333
25.74
12.41
MSM 2 276
8,571,429
29.67
14.67
Source:
MSM 1 40
19,350,000 32.10
15.1
Large 35
104,100,000 35.80
15.8
https://bdbanijjo.wordpress.com/tag/industry-of-bangladesh/

Average sales and profit among different classes of furniture manufacturer

120,000,000
100,000,000
80,000,000
60,000,000
40,000,000
20,000,000
0

Micro

Small

MSM 2

MSM 1

Numbers of Enterprise

Average Annual Sales (BDT)

Gross Profit (%)

Net Profit (%)

Large

Akhtar Furniture Academy is the first and final private foundation that gives training
only on furniture. The organization initiated on January 2012 and at present the
establishment

has

office

to

prepare

understudy

on

furniture

assembling,

advertising, general training (like English course) and specialized courses (like
driving, electrical instrument repairing, gadgets, PC instruction and so on). The
organization has wanted to grow its branches in nearing years (Focused on number
of branches by year is: 6 branches inside of 2013, 64 branches inside of 2016 lastly
364 inside of 2020). In spite of the fact that the organization at present focuses on
short length courses (three to six months), it has wanted to begin four recognition
courses too. The organization has connected for support from Bangladesh
Specialized Instruction Board and want to have the approbation inside June 2012.
The power of the establishment has an arrangement to change over the
organization into a well working polytechnic foundation in not so distant future.
History of Bangladesh Furniture. (2011).

Pay scale in furniture industry

The part and group pioneers approved the information on the work cost. Work cost
in furniture assembling is relatively low than those of contender nations sending out
furniture. In the various contemporary Asian furniture sending out countries (China,
Vietnam, Thailand, Malaysia), the expense of work is either equivalent to or more

than USD 120 for every month while in Bangladesh it goes from USD 37-120 for
each month. The normal pay structure in a furniture processing plant in Bangladesh
is as beneath:

Firm
Size

Monthly Salary (BDT)

Lead
er

Sr. Operator/
Carpenter

Operator/
Carpenter

Assistant
Operator/
Carpenter

Mediu
m1
10000
6000
3000
Mediu
m2
6000-9000
4000
Small
4000-8000
3000
Source:
Technical Assistance to Stimulate Applications
for the
Competitiveness Grant Scheme Technical Report: Furniture Sector Includes
Chain Analysis and Proposed Action Plans January 2013

Helpe
r
3500
2500
2000
SME
Value

Trend of export and import in furniture sector (soft furniture) of Bangladesh (Unit: US$ million)
9
8
7
6
5
4
3
2
1
0
2006-2007

Source:

2007-2008

Export

2008-2009

data

has

2009-2010

been

compiled

from

http://bfidexpo.com/furniture_association.php (accessed on 14 August 2015),

Furniture Industry of Bangladesh. (2010, January 25). Retrieved August 14, 2015.
History of Bangladesh Furniture. (2011). Retrieved August 14, 2015.