Indonesia's deputy trade minister predicts 50% increase in furniture exports over next 1-2 years on increased sales to Europe after products are certified under country's timber legality verification system SVLK
June 6, 2014
(Indonesia Government News)
– The exports of furniture made in Indonesia are expected to increase by 50% on the back of predicted increase in sales of the products in the European market, media reports said citing Deputy Trade Minister, Bayu Krisnamurthi.
The exports to European market are expected to improve further after the Indonesian furniture products are certified under Timber Legality Verification System (SVLK), a mandatory certification to enter the market.
"The export of furniture products is projected to grow by 50 percent in the next year or two," Bayu was quoted as saying to Tempo.co on Wednesday.
He informed the implementation of the SVLK has improved exports of furniture. It was implemented in May this year and since then the furniture export volume has reached 13,000-15,000 doors per week and is expected to reach 20,000 doors per week by next year.
SLVK guarantees the origin and make of the products and to help Indonesia's small-scale industries avail the certification, the nation's Forest Ministry has allocated Rp5 billion. The cost of one certificate varies from Rp20-50 million.