US-based Top-Line Furniture Corporation, a large furniture importer and wholesale distributor based in Chicago, Illinois has expressed intention to increase its imports from Malaysia over the next few years to RM230 million per year.
The company has been sourcing home furniture from Malaysia since 2000, with total imports amounting to approximately RM840 million to date. The company has strong partnerships with some of the industry’s biggest players, including Wayfair.com, Bed Bath and Beyond, Overstock.com, Walmart.com, Target.com, and Home Depot. They currently operate 3 distribution locations across the United States spanning multiple channels, including wholesalers, online retailers, and direct-to-consumer platforms. The company is among major US importers that have been importing from Malaysia for many years.
The commitment was conveyed during the meeting between the group and MATRADE led by Tengku Datuk Seri Utama Zafrul Aziz, Minister of Investment, Trade and Industry Malaysia.
Import from Malaysia grows in tandem with the company’s expansion plan. New products sourcing from Malaysia will create an opportunity for the company to import RM230 million yearly of Malaysian-made furniture in the next few years. The
increase in sourcing will not only benefit the furniture manufacturers but also benefit the supply chain players among the MSMEs like suppliers of components and parts (bolts and nuts) which lead increase in employment too. U.S. Furniture Market Report 2022 reports that the U.S. furniture market is expected to reach a value of USD288.9 billion by 2026, with a CAGR of 4.47% from year 2022-2026.
Malaysia exported RM13.86 billion of furniture globally in 2022, with the US being its top export destination at RM7.24 billion or 52.2 percent of the nation’s total furniture exports last year.