Mahogany furniture rose 30% in price for four months

In less than four months, the price of mahogany furniture rose by at least 30%, especially around the Spring Festival. Many wealthy people in our city have also started investing in the mahogany furniture market, and many goods are out of stock.

The price soared by 10% in 1 month

The business Mr. Wang purchased a set of mahogany sofas before the Spring Festival. The materials used were Laos red rosewood with a total price of 250,000 yuan. A month later, due to the increase in the price of materials, the furniture he has chosen has appreciated by 10%. Mr. Wang said: “Before the Spring Festival, when the family bought a new house and engaged in decoration, they wanted to buy a set of mahogany furniture. They can use it and invest in it. They did not expect to make money when they bought it.”

Due to the increasing scarcity of raw materials and the introduction of some restrictions on logging in mahogany by countries such as Vietnam, Laos, which originated in mahogany, domestic mahogany furniture prices soared around the Spring Festival.

Zhang Haisheng, boss of Guiming Redwood Furniture, a major international furniture store, said: “Compared with the hosting of the Home Fair in October last year, good materials have risen by at least 30%. For example, the price per ton of red rosewood is from more than 70,000 yuan. It has risen to more than 170,000 yuan, and it has risen from 9,000 yuan to 1.3 million yuan per ton of Burma's pear. The price increase of more expensive and expensive materials has increased."

Selling red fire buyers waiting in line

The soaring price of mahogany furniture has aroused the attention of investors. The exhibition hall in Zhang Haisheng’s shop is now largely empty, leaving only a few sets of sofas and dining tables as samples.

When the reporter interviewed, there were people who came to ask: "Zhang boss, has not arrived yet?" Zhang Haisheng reluctantly replied: "We'll wait, too fast." Zhang Haisheng told reporters that before and after the Spring Festival, the sale of mahogany furniture It was very prosperous, and the beds, desks and closets were all short sold. There are now six customers waiting in line.

What kind of crowd is the main investment in mahogany furniture? A set of mahogany furniture, at least 10,000 yuan, the mid-range level to 2-3 million, upscale is reached tens of millions of yuan, ordinary wage earners can hardly afford it. Zhang boss said that placing mahogany furniture at home not only shows his identity but also can be used as an investment. Most of the consumers in our city are those who have a certain social status or do business, and mainly choose mid-range and low-end products.

Be careful when choosing raw materials

Why is mahogany furniture so expensive? Mainly due to the scarcity of raw mahogany. Although it can be regenerated, it takes several hundred years for the redwood to mature. At the moment, some rare species are almost extinct.

How to buy mahogany furniture? "The key is to look at the material." Zhang Haisheng said that only this species of pear has multiple origins, the most valuable is Hainan pear, the price per ton of more than 800 million, and cheap, such as African pears per ton The price is below 10,000 yuan.

Zhang Haisheng said that there are also many mahogany furniture that are shoddy on the market and that are really deceptive. Those who want to invest in mahogany furniture should learn more about the knowledge of mahogany before they buy. "Some fakes are still relatively easy to identify. For example, someone sells Hainan Huanghuali's furniture sets. This is definitely a fake. Because Hainan Huanghua Pear is extremely precious and expensive, there are usually only a few small ornaments on the market." Zhang Haisheng said.

Zhang Haisheng said that if ordinary wage earners want to invest in mahogany furniture, they can choose some small ornaments or small sets of furniture, such as pen holders, decorative wood carvings, three-piece chairs, and so on. Prices range from a few thousand to a thousand or twenty thousand yuan, most of which are paid The family can afford it.

Some investors believe that the current price of mahogany furniture has risen to a high level, and it will be more appropriate to wait until prices fall. Citizens who do not understand the mahogany furniture market should also invest cautiously.