The price decline from the beginning of the year has severely frustrated sales of mahogany furniture, especially for low-end mahogany furniture. The price decline is generally around 50%%, and the price of high-end mahogany is relatively small. On August 4th, a brand sales manager shook his head and told reporters: "This year the entire mahogany furniture market is extremely deserted, and prices have been falling sharply since the beginning of the year."
Since November last year, most of the mahogany furniture market has experienced “Waterlooâ€. Some insiders told reporters that due to the multiple factors such as the fall in raw material prices and the regulation of the property market, the passenger traffic of mahogany furniture retailers fell by about 40%. The domino effect appeared. At the beginning of this year, the price of mahogany furniture dropped significantly. Especially for the low-end and mid-range mahogany furniture, the price dropped by 50%%, and the high-end products fell by about 10% to 25%.
In the past six months, the “cold air†blown by the mahogany furniture market has really made the mahogany collectors and fans calm down a lot.
Insiders pointed out that since 2008, the number of redwood enterprises has increased, coupled with the widespread use of mechanized production, the productivity of mahogany furniture has surged, and the popularity of mahogany culture has been slow. The growth rate of the end consumer market has not kept up, plus the current consumer wait-and-see mood. Aggravation has led to a period of overcapacity in mahogany furniture.
Although the population of mahogany furniture is expanding, the resources of mahogany are limited, which means that the real estate ratio of mahogany furniture will become smaller and smaller. “It’s hard to tell the difference between true and false†is also a problem that has always caused “a headache†for mahogany investors.
From August 1st, the national standard of "General Technical Conditions for Mahogany Furniture" was officially implemented. This is the first time since the establishment of the national standard for mahogany in 1998, it has been supplemented and revised.
The industry believes that the identification of mahogany is not the result of hanging the "furniture quality express card", the new standard is only some auxiliary technical requirements, if it can be more standardized, coupled with the country's strong supervision, urge Active implementation in the industry, in order to really play a role. Experts suggest that consumers must be cautious in investing before the specific rules of the new national standard are still clear, and do not rush to buy.
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