Carving out Opportunities for Furniture
As well as white goods, the construction boom that has gripped the Middle East has seen household furniture industries benefit tremendously from the growing number of property owners looking to furnish offices and homes. In 2012, the Gulf region imported 272,000 TEU of furniture, worth approximately US$4.7 billion. These volumes have doubled since 2007, when total imports were 124,000 TEU. They have also increased five-fold from only ten years ago.
Behind this rise has been the increasingly competitive nature of logistics, land, and warehousing sectors, which have come alongside cheaper, faster, and more consistent inland transportation times. As such, SOHAR has seen growth in the import, distribution and trade of increasing Saudi Arabian furniture imports.