If there is a kind of furniture that has soared in price this year, then mahogany furniture must be a typical representative. The reporter recently learned that the chain reaction caused by the shortage of raw materials of redwood has been extended to the terminal market. Compared with the beginning of this year, the price of some mahogany furniture such as Siamese rosewood has risen by 30%-100%. Zhongshan mahogany furniture industry said that under the premise that raw material tension has not been alleviated, the price of mahogany furniture may continue to rise next year. At present, the price hike has not caused the fluctuation of the Zhongshan mahogany furniture market, and the overall sales are still stable. However, industry insiders suggest that since the price increase has become a general trend, it is a good time to buy mahogany furniture. The increase in finished furniture is not as good as that of raw material reporters from mahogany furniture manufacturers in Dayong and Sanxiang. As the price of the entire mahogany furniture industry has risen, Zhongshan mahogany furniture has also seen an increase of more than 30%, and some furniture prices have doubled. Mr. Bian, the head of a mahogany furniture company in Sanxiang Town, said that the company's flagship products, Burmese rosewood and Burmese red rosewood furniture, rose 60% to 70%. The person in charge of Boji Redwood Company said that the price increase of Siamese rosewood furniture was the largest, and the price rose almost 100% compared with the beginning of this year. Taixing furniture related people said that the finished furniture products have also increased prices, but the increase is relatively small, about 30%. Redwood furniture manufacturers believe that the shortage of raw materials is still the main reason for the soaring price of mahogany furniture. On June 12 this year, the newly revised Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) came into force. Woods such as Brazilian black rosewood, sandalwood red sandalwood, Sian rosewood, dimpled Dalbergia, Central American Dalbergia, Belize Dalbergia, L. black Dalbergia, etc. are listed as species that prohibit or restrict commercial trade in international trade. Individual varieties will become very rare. Vietnam, Laos and other countries announced the suspension of Siamese rosewood exports a few months ago. The above reasons directly lead to the crazy price increase of mahogany raw materials. The relevant person in charge of Zhongshan Dongcheng Redwood told reporters that the price of Dahongshui roselle last year was tens of thousands to ten thousand yuan a ton, and now it generally rises to more than 200,000 yuan per ton, the highest even price 800,000 yuan a ton. Since the second half of the year, the rising pressure of raw materials has been released to the end of the mahogany furniture market. However, relatively speaking, the increase in finished furniture is not as good as raw materials. According to the person in charge of Boji, the rosewood furniture has doubled, while the raw materials have more than doubled. The head of the above-mentioned mahogany company, Mr. Bian, also said that the company's rosewood furniture rose by 60% to 70%, and the raw material gains have doubled. The current timing of purchasing mahogany furniture is just now at the end of the year. The question that consumers are more concerned about is whether the mahogany furniture will increase in price next year. Zhongshan mahogany furniture industry believes that if raw material pressure can not be effectively alleviated, the price increase may continue. In June this year, 13 years of implementation of the Redwood National Standard was launched, and many companies called for a modest increase in redwood species in the new national standard to ensure the continued supply of raw materials for the redwood industry. However, Zhongshan enterprises involved in the drafting of the new national standard said that different companies have different attitudes toward "can increase tree species". In the end, whether the redwood raw materials can be expanded is still difficult to predict. This means that whether the supply of raw materials for mahogany can be alleviated is still an open question. Taixing furniture related people said that the current mahogany furniture is facing a resource bottleneck, and its price trend is closely related to resource supply. If the raw material of mahogany is still tight, the price of mahogany furniture will increase next year. As far as the current situation is concerned, the price increase of mahogany furniture has not caused a significant impact on the sales of Zhongshan Redwood Market, and the market trend can still remain stable. However, as a collection of high value furniture, the market reaction of mahogany furniture has its own particularity. For consumers who use mahogany furniture as a daily necessities, the current high price may make them hesitate to wait and see. But for investors, after buying mahogany furniture, they can appreciate as prices continue to rise. "After the two consumption trends are superimposed, it may be balanced." Taixing furniture related people believe that, whether for home or investment, it is a good time to buy mahogany furniture.
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