Since the second half of last year, the price of mahogany materials has been rising all the time. So why is the price of rosewood so fast, and what is the impact of the price increase of these raw materials on mahogany furniture manufacturers?
Mahogany furniture
Recently, a mahogany furniture factory in Hai'an County, Nantong City, Jiangsu Province, saw that the workshop was full of mahogany raw materials. The person in charge of the company told them that these were the goods they prepared in advance. Since last year, the price of raw materials of rosewood has soared. The production costs are also rising. What is the reason?
After the shortage of stocks in the country of origin of redwood, the price of raw materials for rosewood has risen to the highest level in history. Taking rosewood as an example, the price at the beginning of last year was more than 20,000 per ton, and so far it has risen to 55,000 per ton. As Southeast Asian countries such as Myanmar control the export of logs, other types of rosewood will also usher in a new round of gains. The increase in the price of mahogany raw materials has also brought about an increase in the price of mahogany furniture. At present, the sales price of mahogany furniture has generally increased by 50%. Industry insiders expect that with the increase in prices, the sales of mahogany furniture will drop by 10% to 20% this year.
Therefore, for mahogany furniture production and processing enterprises, how to deal with this situation and crack the raw material crisis has become the primary issue.
The industry generally believes that only by merging the positioning of products, brands and enterprises, and tapping their own unique competitiveness that is difficult to be imitated and copied, enterprises can actively adapt to market fluctuations and turn crisis into opportunity.
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