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

Source: https://bdbanijjo.wordpress.com/tag/industry-of-bangladesh/

Micro Small MSM 2 MSM 1 Large0

20,000,000

40,000,000

60,000,000

80,000,000

100,000,000

120,000,000

Average sales and profit among different classes of furniture manufacturer

Numbers of Enterprise Average Annual Sales (BDT)Gross Profit (%) Net Profit (%)

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

Firm size Numbers of Enterprise

Average Annual Sales (BDT)

Gross Profit

(%)

Net Profit (%)

Micro 7,961 1,877,400 21.6 9.87Small 1,676 5,118,333 25.74 12.41MSM 2 276 8,571,429 29.67 14.67MSM 1 40 19,350,000 32.10 15.1Large 35 104,100,000 35.80 15.8

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)

Leader Sr. Operator/ Carpenter

Operator/Carpenter

Assistant Operator/Carpenter Helper

Medium 1 10000 6000 3000 3500

Medium 2 6000-9000 4000 2500

Small 4000-8000 3000 2000Source: Technical Assistance to Stimulate Applications for the SME Competitiveness Grant Scheme Technical Report: Furniture Sector Includes Value Chain Analysis and

Proposed Action Plans January 2013

2006-2007 2007-2008 2008-2009 2009-20100

1

2

3

4

5

6

7

8

9

Trend of export and import in furniture sector (soft furniture) of Bangladesh (Unit: US$ million)

Source: Export data has 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.