Furniture market prices generally increased in the first half of 2014

Last year, there has been a trend of price increase in the furniture market, but the price increase is not obvious. It is mainly reflected in the difficulty of discounts and the reduction of discounts. The price increase of furniture has been more obvious since the first half of this year. Most regions and furniture brands There have been price increases.

Compared with the same period last year, the price of wooden furniture has risen by more than 10% this year. Furniture manufacturers may feel more deeply than distributors on the issue of whether to increase or not to increase. Many furniture manufacturers in the Pearl River Delta state that they will continue to adjust prices in September and October 2014 in response to rising raw material prices, which will increase by 10% to 15%. Wang Li, executive secretary general of Dongguan Famous Furniture Club, revealed that under the pressure of rising costs, “some small furniture companies have closed down.”

A few days ago, it was reported that compared with the same period last year, the prices of furniture raw materials and labor rose by 10% to 30%, and the factory prices of various grades of furniture also rose to varying degrees. The price of furniture interior materials, such as aluminum and stainless steel used in hardware, as well as the price increase of chemical materials such as paint and glue, is the main factor affecting the price fluctuation of furniture.

In addition, as a labor-intensive industry, labor costs are one of the main components of the overall price of the furniture industry. The new "Labor Contract Law" has been formally implemented since January 1 this year. Enterprises must pay five insurances for their employees, including pension, unemployment, work injury, maternity and medical treatment. This will undoubtedly increase the labor cost of furniture companies. The already meager profits will be forced to "shrink" due to the increase in labor costs. In the next 10 years, tight wood supply and rising prices will be the overall trend of the industry. The domestic furniture industry is facing continuous and huge cost pressures. The shortage of resources, the price increase of raw materials, and the price increase of household products including furniture are the major trends in the future.

Article Source: Furniture Network

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