Shifting market: from west to east?
Jean-Marc Roda (),
Rohana Abd Rahman (),
Lim Hin Fui () and
Mohd Parid Mamat ()
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Ismariah Ahmad: Forest Research Institute Malaysia
Rohana Abd Rahman: Forest Research Institute Malaysia
Lim Hin Fui: Forest Research Institute Malaysia
Mohd Parid Mamat: Forest Research Institute Malaysia
EAS Strategic Options, 2011, vol. 2011, issue 10, 14-15
Local news encouraged furniture exports to China in a big way. The Chinese furniture market potential is not trivial. China®s domestic furniture consumption has grown double-digit on a yearly basis and in 2010, the consumption was equivalent to the US domestic market. Malaysia®s furniture export to China increased from RM40.9mil in 2009 to RM50.2mil in 2010, a growth of 23% within a year. In turn, with 7 billions one fifth of the world®s population, China®s annual GDP growth rate has reached a double- digit in recent years while many developed countries are struggling with various economic problems. The shift from western to eastern market seems unavoidable.
Keywords: Malaysia; forest products; timber; trade; India; china; sawn timber; logs; furniture; added value; factory; guanxi; intermediate products; relationships (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:epf:easopt:201109
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Puan Rohana, EAS, Forest Research Institute Malaysia, 52109 Selangor Darul Ehsan, Malaysia
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