74795
Furniture Exports on Decline
Furniture Exports on Decline

Furniture Exports on Decline

Furniture Exports on Decline

Iran exported about $6 million worth of furniture during the five months ending Aug. 22.
A closer look at the figures for the corresponding periods in 2016, 2015 and 2014, show Iran’s exports stood at $8 million, $16 million and $20 million respectively, the Persian weekly Tejarat-e Farda  reported, citing data from Iran Customs Administration.
Mozaffar Alikhani, technical deputy of Iran’s Chamber of Commerce, Industries, Mines and Agriculture, said the furniture industry is currently in a slump.
According to Alikhani, the industry is operating at only 50% of its production capacity.
Iran’s furniture market is worth over 300 trillion rials ($7.4 billion). Over 8% of all employment throughout the country are one way or another linked to this industry. Some 30,000 furniture production and distribution units are active in Iran.
“High inflation rate, interest rates and production costs have led to high final prices. On the other hand, the decline in people’s purchasing power results in lower demand for domestic products,” he said.
Iran currently has a $50-million share (0.03%) in the $147-billion global furniture market.
Furniture industry is one of the most widespread industries. Global furniture production was estimated to be worth $440 billion in 2016.

Short URL : https://goo.gl/99Jk12
  1. https://goo.gl/y914MN
  • https://goo.gl/MuN8hj
  • https://goo.gl/Q9qteY
  • https://goo.gl/YDcuV3
  • https://goo.gl/Ma5RkV

You can also read ...

USD at  41,000 Rials
After the US dollar’s recent bull run that pushed the value of...
 TCCIMA Secretary-General Bahman Eshqi speaking in Vienna on Nov.16
Iranian banks are expected to open their first branches in...
Iran has 9,000 online retail stores.
With the ever-growing developments in the World Wide Web,...
Tehran-Accra Expand Agro Coop.
Three memoranda of understanding were signed between Iran’s...
Tesla Roadster Speeds in Front of Electric Truck
Tesla Inc upstaged its own debut of an electric heavy duty...
Call for Cutting Red Tape to Cultivate Startups
One of the grim realities local startups usually put up with...
Whenever users send multiple photos or videos  they will be grouped into albums.
Messenger app Telegram received an update over the weekend,...
Imported Flat Steel Buying Thin Over Lower Local Prices
Buying activity in the Iranian flat steel import market was...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus