On June 12, the new content of Appendix II of the Convention on International Trade in Endangered Species of Wild Fauna and Flora came into force. Including Dalbergia coccinellatum commonly known as Lao rosewood, Dalbergia davidii belonging to red rosewood, Dalbergia mesoamerica, and Dalbergia rosea belonging to black rosewood, etc., will be restricted in future transactions. These woods are currently the main raw materials for mid- to high-end mahogany furniture. This means that the mahogany material with tight supply has become more commodious, and the mid-to-high-end mahogany furniture price increase is inevitable. The new additions to Appendix II of the Convention on International Trade in Endangered Species of Wild Fauna and Flora took effect two days until yesterday, but Hangzhou ’s mid-to-high-end mahogany furniture market has not risen imaginatively. Most businesses have opted to postpone price increases. The person in charge of Hangzhou direct sales of a Hangzhou Redwood Co., Ltd. said that the manufacturer had notified them to increase the price, and the price adjustment range reached more than 30%. "We choose to gradually adjust the price at the end of the month or next month, but the maximum price adjustment will not exceed two months. Will reach more than 30%. " He set up shop with the fingers of two carved cabinet, this is the raw material of Cochin rosewood cabinet, and now the price is 58,000 yuan, but after a month or two, the price will be more than 75,000 yuan. Suzhou Zitange Hangzhou Outlet Store chose the same price increase method. Qiu Qinqin, the person in charge of the store, said that the price increase of mid-to-high-end mahogany furniture was 30% -50%. They received a call from the factory and will not temporarily adjust the price this month. . "New furniture price tags are already being made. From next month, they will basically rise by about 10%. By September, the increase will definitely exceed 30%." Unlike most manufacturers, which have reached more than 30% increase, Beijing Yuanhengli Hardwood Furniture Co., Ltd. may have a smaller price increase. Its sales manager in East China Jiang Xiaoxiang said that since nearly seven or eight years, Yuanhengli has reserved nearly 8,000 tons of yellow Tan, the next storage capacity may reach 10,000 tons. "In the next 20 years, our supply will be available, so the price adjustment will not be very large." Jiang Xiaoxiang said, Yuan Hengli Hangzhou store began to adjust prices in the middle of this month, by slowly rising, the final price increase ranged from 10% to 15 %. The mahogany furniture industry in Hangzhou is bullish for the future, as is the well-known origin of mahogany furniture in Suzhou. Xu Jiaqian, vice chairman of Suzhou Furniture Industry Association, said that the Suzhou market is currently adopting a gradual price increase approach, which is also about 30%. For many merchants who chose to slowly increase prices, industry insiders believe that because the price of mid-to-high-end logs involved this time has increased significantly. If the price is put in place at one time, it is likely to cause the price of its mahogany furniture to be uniquely high, thus losing some of its customers. If you choose to increase prices slowly, consumers will be more receptive. However, the price increase of high-end mahogany materials is nothing new. In recent years, with the increasing scarcity of high-end mahogany materials, the price of mahogany furniture has been rising. Taking Jiaozhi Dalbergia as an example, the price has risen by about 30% in the past six months of this year. The current price has reached 100,000 yuan per ton, and Jiaozhi Dalbergia has reached 20,000 to 300,000 yuan per ton. Different from the previous price increase, the newly added content of the convention comes into effect, almost "forcing" the merchants to increase the price by cutting supply. Suzhou Rosewood Pavilion faced such embarrassment. Qiu Qinqin said that this year was the most difficult one for them. Previously, Suzhou Red Sandalwood Pavilion focused on red sandalwood products, but as the resources of large-leaf red sandalwood and small-leaf red sandalwood are decreasing, the products are getting less and less. Five or six years ago, this company's mahogany furniture products gradually began to use Dalbergia as a material. Until now, most of the mahogany furniture it sells has made up of Dalbergia rosea, and small leaf red sandalwood is used as the material, leaving only small pieces of furniture such as chairs. "Unexpectedly, I now have to face the embarrassment of the lack of Dalbergia." Qiu Qinqin said that the excessive logging of high-end mahogany has caused fewer and fewer raw materials for mahogany. In the past, China's Hainan Huanghua pear was also a good mahogany, but the disorderly and excessive logging caused it to be almost gone now. "Originally, China also has good mahogany, but now it needs to be imported from Southeast Asia." Qiu Qinqin's statement has been recognized by industry insiders. There is a common view that there is a problem with the current harvesting method. Many redwood dealers almost "cut as soon as they see the tree", and they do not consider the age of the tree. It takes hundreds of years for a mahogany tree to grow, and it is cut down regardless of size, which will inevitably lead to fewer and fewer mahogany trees. There are fewer and fewer redwoods. To maintain product production, hoarding some materials is a must. In fact, many businesses are doing the same. The enterprise where Wang Guomiao is located has also hoarded some Dalbergia citrifolia before, but they have no idea how long these amounts can last. According to his understanding, many redwood distributors no longer sell mahogany and other rosewood, and only supply a small amount to good-related enterprises. Some small companies have no access to materials and have even stopped working. In terms of hoarding mid-to-high-end mahogany materials, Yuan Henry clearly has an advantage. Jiang Xiaoxiang said that their companies had realized that the good mahogany materials would soon be exhausted seven or eight years ago, and gradually reserve the Dalbergia rosea, and now the dosage can be guaranteed for nearly 20 years, so there is no need to worry about this next. However, in spite of this, they are still struggling to search for high-quality mahogany. Last month, they received more than a dozen rods of Dalbergia from a Lao dealer, and the price per ton was as high as 380,000 yuan. "This batch of Dalbergia chinensis is too precious, so we will keep it and will not use it to make furniture easily." It is understood that the high-end mahogany manufacturers in Suzhou are also hoarding good mahogany. "At present, there are already a lot of enterprises that can store up to 20 to 30 tons." Xu Jiaqian, vice chairman of Suzhou Furniture Industry Association, said that some manufacturers have now stopped accepting reservations and temporarily no longer produce these batches of furniture with restricted imported materials. While the reservation was made before, and now it is done, the manufacturer has to rise 15% -20%. Even so, it is still profitable to the buyer. In the future, even African rose pears may increase prices There are fewer good mahogany materials, and many small enterprises have to adjust their product structure or face the situation of being eliminated due to the lack of supply and high labor costs. There are also some bad businesses, which are better than second. According to Qiu Qinqin, a rosewood pavilion in Suzhou, she has seen a piece of furniture made of Burmese rosewood in a market in Dongyang. In fact, it is made of Burmese rosewood on the outside, but it is made of African rosewood. For this wave of price increases, some industry insiders believe that it will be a reshuffle of the mahogany furniture industry. There are fewer and fewer high-end mahogany woods, which must force manufacturers to refine their products. This requires certain economic and technological strength. Many companies with insufficient funds are likely to be eliminated from the high-end mahogany furniture market and turn to low-end products. Or solid wood furniture industry. Jiang Xiaoxiang believes that this period is the golden period of the mid-to-high-end mahogany furniture market, and the value of these products is getting higher and higher. "Now materials are expensive, and the artistic value of products made by good craftsmen is also high." He said that the mahogany furniture made out of this is bound to be for high-end collectors or investors. Judging from the current situation, the furniture of Xiaoye Red Sandalwood and Huanghuali is mainly collected and invested. In the future, Dalbergia dulcis will gradually develop towards collection. But the cost of this process is that some small businesses will be eliminated. As for the future development of mahogany furniture companies, Xu Jiaqian believes that the value of products in the high-end market will inevitably become higher and higher, and such manufacturers will gradually decrease. With the passage of time, there are fewer and fewer high-end mahogany, and some high-quality materials in Africa and Central and South America will gradually become the main material of mahogany furniture. After this stage, enterprises that cannot continue to support mid-to-high-end mahogany furniture should adjust their product structure in a timely manner, abandon one or several types of products, and turn to products with greater demand. "A mahogany furniture company cannot produce furniture with only one material. Next, some companies may abandon materials like Dalbergia chinensis and gradually switch to other materials." The price of mahogany materials has increased year by year, which is inevitable related to the decrease in quantity. The so-called things are rare, no matter what kind of mahogany material, once its number decreases or even reaches the point of endangerment, its value will inevitably rise. In addition, there is a saying in the mahogany furniture industry: "Three-point materials, seven-point workmanship", good craftsmanship can also add value to mahogany. Xu Jiaqian believes that the mainstream materials in the mahogany furniture industry will also change over time: "It used to be like red sandalwood, but now it's the same with Dalbergia davidii, and it might be the same for African rosewood."
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Mahogany furniture prices are up 30 % in the next two months
The reason for choosing to postpone the price increase is that most merchants said that, mainly considering the acceptance of consumers, more will choose to gradually increase the price.
A mahogany manufacturer hoards 8,000 tons of raw materials to deal with out of stock
As early as in March of this year, after the 16th Conference of States Parties announced the revised list of appendices to the new Convention, many rosewood dealers had already heard the news and started hoarding mid- to high-end rosewood.
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