Following two years of dull demand, home furniture sales went up slightly in the lead-up to Eid-ul-Fitr, the biggest religious festival for the Muslim community in Bangladesh, as people went on a buying spree despite ongoing inflationary pressure, according to industry people.
The wooden furniture industry in Bangladesh has not flourished as market players are unable to export their products at competitive prices amid the high tariff on imported raw materials and subsequent dearth of quality components, speakers said at a discussion.
Bucking the trend of previous years, home furniture sales have slowed down in the lead up to Eid-ul-Fitr as people are prioritising essential expenses amid the ongoing inflationary pressure, according to industry people.
After a two-year gap for the pandemic, an annual National Furniture Fair kicked off in Dhaka last Thursday with manufacturers trying to woo customers with free home deliveries and discounts of 10 per cent to 25 per cent.
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