Recently, the news about the falling prices of mahogany furniture has been heated up. Words such as “losing goods at a loss†and “sudden price drops†are not uncommon. It is also reported that the price of redwood will enter the downward channel after excessive speculation. Some mahogany furniture prices have even fallen by 50%, which has caused a certain degree of volatility in the market.
To this end, the author recently made a visit to the Xi'an mahogany furniture market, and found that the furniture of the major stores did not show a large discount, the price is still strong. As the price of small materials has dropped somewhat, the bulk material has remained at the original level, so it is reflected in the finished furniture, but the fluctuation is not much.
For the ups and downs of the disturbances, Shi Lifeng, president of Hongmu Yajuge, believes that there are some fluctuations in market prices, but not as serious as reported. "Some of the hot money speculatively entered the mahogany industry in the early stage, so at the end of the year, their loan funds need to be returned or withdraw from the mahogany industry, so there will be some small businesses that choose to sell. There are some unscrupulous enterprises that are simmering in fish and water, and the price is high. A substantial price cut is a gimmick for consumers."
In fact, not only in 2011, the end of the year and the eve of the Spring Festival, the price of mahogany will experience a "falling price." Due to the need to withdraw funds, some small businesses sell off in the form of “no money, no goodsâ€. After the Spring Festival, as workers begin to work and the supply cycle becomes longer, they will increase their prices because they are out of stock. "Just like the end of the street clothing store promotions, it is more cost-effective to buy mahogany furniture at the end of the year." Consumer Xie Yanling believes.
From the price point of view, the current market, the material is too high, the small leaf sandalwood, Vietnam huanghuali, etc. have a 20-30% reduction, but most of the mahogany material is not much. Labor costs, rent, taxes, and shipping costs are increasing. Therefore, it is unlikely that the mahogany furniture will be greatly reduced. Now that mahogany furniture has entered the road of shuffling, it will take some time to eliminate speculators and unscrupulous vendors. It is recommended that consumers compare more and choose a good brand, high-profile companies to buy.
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