Message by President Singapore Furniture Industries Council
As the representative body of Singapore’s furniture industry, the Singapore Furniture Industries Council (SFIC) constantly strategises ways to improve the industry. The result of growth does not come about with a single initiative, but arises from a steadfast vision that SFIC holds – that is, to be an association that puts members’ interest at the forefront, and to establish Singapore as the premier furniture hub by providing total solutions to the global market.
Based on an Annual Furniture Industry Survey 2013-14 researched by BDO Consultants Pte Ltd, commissioned by SFIC and supported by SPRING Singapore, the total furniture trade amount to an estimated S$6.01 billion in 2013, clocking a positive growth of 3.3% from 2012. Moving forward, we expect total trade value to reach S$6.34 billion by 2014, which represents a cumulative growth of around 9% for the period from 2012 to 2014. Yet, there is still untapped potential within the Singapore furniture industry.
SFIC’s focus has always been in the areas of trade, design and talent development. In 2013, we formulated the 3i Strategy – Improve, Innovate and Integrate – to further drive upward mobility and growth in the industry.
We are constantly exploring opportunities and ways to raise the profile of Singapore’s furniture industry in the international arena, with the intention of fostering new growth opportunities and bilateral trade development. With the support of the DesignSingapore Council and International Enterprise (IE) Singapore, SFIC leads local furniture companies on overseas trade missions to emerging markets yearly. Furthermore, in collaboration with SPRING Singapore, SFIC has rolled out the Furniture Industry Outreach Programme that offers 266 furniture SMEs access to various seminars, business advisory services, and guidance to enhance productivity and capabilities.
Mr Ernie Koh
Singapore Furniture Industries Council