The replacement of the mahogany "king": from huanghuali to Siamese rosewood...
From Hainan huanghuali to red rosewood, the depletion of redwood resources is faster than our imagination. Due to the preciousness of its materials, the quaintness of its shape, and the characteristics of artistry, practicality and investment collection, mahogany furniture has been sought after by the people of the country and is known as “cultural furniture†and “art furnitureâ€.
Hainan huanghuali in the mid-1980s, its price is only one or two yuan a catty; from 2003 onwards with the launch of the Chinese golden furniture "Golden Decade" and the sea yellow raw materials are basically extinct, its price all the way up the average monthly increase of nearly 30% .
Our sensation of huanghuali is hard to find, and there is no price in the market. The new worries have come again. The current mainstream of classical furniture, red rosewood, how much stock can be used?
After the rise of the contemporary antique furniture industry, with the sharp decline of the resources of huanghuali and red sandalwood, Siamese rosewood has once again become an alternative material for both. Only medium-sized manufacturers consume about 4 tons per day, the entire industry. The consumption of Siamese rosewood is incredible.
With the advancement of the times, the raw material species of redwoods are becoming scarcer, and the international community's control over the trading of redwood seed materials is further tightened. Under the implementation of the CITES Convention, Vietnam's rosewood exports have raised taxes by 200% since May 27. Laos Siamese rosewood has increased from the original customs approval tax rate of $3,900 to $15,000.
Southeast Asia, Africa, North America and Russia have been the main sources of timber imports in China. The combined use of forest resources, national policy restrictions, exchange rates and transportation costs have led to high prices of raw materials for redwood.
On June 21st, a group of people rushed to grab the mahogany scene in Vietnam. The wood-loaded car has not stopped. There is already a group of buyers who climbed directly into the car to grab the material. Xiaobian can only say that these people are good at their skills. This kind of wood full of cars, it will not take long, it will be robbed by these buyers! Some merchants even hired dozens of young people to grab wood... It’s hard to see how hard it is. Domestic rosewood raw materials also rose 15% in a week, compared with a year ago, the increase was generally more than 30%, the highest reached 50%, the shortage of raw materials also caused the recent price of mahogany furniture to rise 10% to 20%.
The rising price of raw materials will also lead to an increase in the cost of furniture production and production. The profit of furniture sales is meager, and the furniture manufacturers are both subjected to cost pressure. Coupled with the industry downturn this year, for high-end mahogany furniture manufacturers, the cost increase caused by the rising prices of raw materials is nothing more than letting them change from the original “meal†(profitable) to “drinking porridge†(lower profits). The problem of more earning less, and for some middle and low-end mahogany furniture dealers whose profits are not high, the original is the "porridge" of drinking. The cost rises again and again, which may offset most of the profits, and must face earning and not The problem of earning. Even some manufacturers have reduced the wages of first-line workers such as carpentry, sanders, and scrapers to ensure cost reduction.
If the future trend of the mahogany furniture market is predicted, most industry insiders and investors are afraid that the same opinion, they believe that the mahogany furniture market will only be "increasingly red." The growing scarcity of mahogany raw materials, coupled with the instability of the political environment of some timber exporting countries, and the frequent changes in official export policies. During the implementation of these policies, the supply of redwoods in China may be almost cut off, and the domestic market can only consume Rely on existing inventory.
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