Philippine furniture sourcing report highlights sector’s focus on midrange, high-end products
Online report features 11 export suppliers offering bedroom, dining and kitchen, living room, and garden and outdoor furniture, plus details on product pricing and supply market trends
MANILA, Philippines, Feb. 9, 2017 – The Hinrich Foundation released the Philippines Sourcing Report: Furniture 2017 with the support of its partner in export development, Global Sources (NASDAQ: GSOL).
The online report includes websites of 11 export suppliers and profiles bedroom, dining and kitchen, living room, and garden and outdoor furniture. It also features an overview of the industry, new product features, price guides and export data. PDFs of each section are available to download for free online.
Among the featured suppliers is Murillo in Cebu City, which offers handcrafted living room, bedroom and dining room furniture. The company uses indigenous materials such as lampakanai, abaca and rattan. Its Carrara living room collection includes two-seaters and armchairs featuring woven rattan splits.
Another supplier, Pacific Arts & Decor International in Metro Manila, has been producing outdoor furniture since 1988. The company ‘s selection includes loveseats, lounge chairs and other types of seating which feature handwoven polyethylene wicker over fiberglass or aluminum frames.
Report highlights suppliers’ focus on midrange, high-end markets
Many furniture suppliers in the Philippines have shifted production to midrange and high-end lines amid higher production costs and intense price competition in the low end. Makers are capitalizing on the Filipinos’ design capability and craftsmanship to offer innovative pieces. The emphasis is on providing quality, design and material instead of price.
Among the factors supporting the industry’s shift to midrange and high-end lines is its access to a large pool of skilled workers, who include creative and resourceful designers. These designers take inspiration from the country’s diverse culture and rich history to produce furniture pieces that are relevant to the modern consumer and lifestyle.
Another advantage of the industry is the variety of raw materials that are readily available in the country. One example is gmelina, which is a fast-growing deciduous tree whose wood is commonly used in bedroom and living room furniture. Gmelina plantations can be found in all three major island groups of the Philippines. Among the major sources of gmelina timber are the administrative regions of the Zamboanga Peninsula, Soccsksargen and Caraga in Mindanao.
The report further shows:
– The selection of furniture from the Philippines comprises leg items and case goods. The first category includes chairs, tables and beds, and the second comprises cabinets, desks, wardrobe cases, dressers and kitchen storage units.
– Exports to countries in Asia and the Americas generated the majority of overseas sales in 2015, accounting for 38 and 40 percent, respectively.
Philippines Sourcing Report: Furniture 2017 is one of a series of online Sourcing Reports covering emerging Asia supply markets. A full version of the report can be viewed online here.
Other related Sourcing Reports available online are: Furniture, India, Indonesia, Vietnam, Myanmar, and Laos. Hinrich Foundation has also released the special report Design capability Philippines, which highlights Filipinos’ design ingenuity, world-class craftsmanship and creative applications of indigenous materials.
Sourcing from Philippines buyer’s guide
To help buyers new to Philippine sourcing, the Hinrich Foundation has prepared a guide that provides an overview of the industries and products available. Buyers will also learn how to find and evaluate reliable suppliers, available banking options, common methods of payment, shipping details and steps to avoid or settle trade disputes.