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8/13/2019 The Philippine Furniture Industry Today
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THE PHILIPPINE FURNITURE INDUSTRY TODAY
1.THE PHILIPPINE FURNITURE INDUSTRY TODAY
2. Today, the Philippine !"nit!"e ind!#t"y ha# $eta$o"pho#ed in a hi%hly di&e"#i ied$an! a't!"in% #e'to", (hi'h i# 'o$po#ed o "o!%hly 1),*** !"nit!"e i"$# di"e'tly o" indi"e'tlye$ployin% a+o!t **,*** people. Thi# i# th"i'e the e$ploy$ent e#ti$ate o 2)*,*** in the 1- *#and doe# not in'l!de the e#ti$ated 1,***,*** people in the #!+ 'ont"a'tin% net(o"/.
0. Ninety ei%ht pe"'ent o the#e 'o$panie# a"e $i'"o, #$all and $edi!$ ente"p"i#e# (ith only2 +ein% la"%e ente"p"i#e#. The +!l/ o all the#e 'o$panie# a"e 'on'ent"ated in th"ee p"o&in'e#,na$ely 3et"o 3anila, 4e+! and Pa$pan%a.
5. The#e i%!"e# 'lea"ly indi'ate that !"nit!"e $an! a't!"in% in the Philippine# i# #till la+o"inten#i&e, (ith p"od!'t# "an%in% "o$ le% ite$# 6'hai"#, ta+le#, +ed#, #ettee#78 'a#e %ood#6'a+inet#, de#/#, 'he#t o d"a(e"#, /it'hen #to"a%e !nit# and "elated p"od!'t#78 and a 'o$+inationo the#e t(o 6+!ildin% o" ho$e ittin%#, #hel&e#, o"na$ent# and #i$ila" p"od!'t#7.
). 3o"eo&e", the ind!#t"y "elie# hea&ily on lo'ally p"o'!"ed "a( $ate"ial# #!'h a# (ood 6(hi'h"ep"e#ent# 5* o the total !"nit!"e p"od!'ed in the 'o!nt"y78 "attan, +a$+oo, +!"i and othe"
o"e#t +a#ed o" a%"i'!lt!"al $ate"ial# 6(hi'h a''o!nt o" anothe" 5* 78 $etal, #tone, pla#ti', anda 'o$+ination o the#e $ate"ial# 6$i9ed $edia7.
:. The ind!#t"y, a# a (hole, 'ont"i+!te# a+o!t U;:**3 in the #ale# to the e'ono$y. Thi# doe#not in'l!de the ta9e# and #!nd"y ee# (hi'h the !"nit!"e 'o$panie#, a# (ell a# the 1. 3 (o"/e"#in the#e e#ta+li#h$ent#, +"in% into the 'o e"# o the %o&e"n$ent th"o!%h ta9e#.
8/13/2019 The Philippine Furniture Industry Today
2/2