BANGKOK, Thailand’s furniture business has been sluggish along with a slowdown of the property sector, according to an industry executive.
Somnoi Yuekyen, Manager of Udom Furniture Factory Partnership, said on Sunday that many furniture shops which are members of the Thai Furniture Association admitted that total sales of the product this year had dropped by 20-30 per cent.
She said purchasing power of people who want to buy furniture for home decoration had declined, particularly the property sector had slowed down due to effects of political uncertainties.
Some customers have decided to postpone their order placement since they are uncertain how the political situation will end.
She said the political impasse unavoidably has a repercussion on all sections of the country’s economic sector.
As for furniture for exports, particularly to Europe, she said, producers and exporters had experienced a dumping of cheaper products imported from China
However, wooden sculpture furniture could still compete with the Chinese products for exports since it is of better quality and design, she said. (TNA) – E005  Â
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