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

Aimee Bellah

Aimee Bellah

Indonesia , June 6, 2014 () – 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.

Copyright Contify.com

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

Share:

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.