Mahogany furniture belongs to high-grade furniture. In the last six months or so, the increase of mahogany furniture is relatively large, and now the price has increased by about 50%. It can be said that the mahogany market has become hot. The rise of mahogany has brought many opportunities to the whole furniture market, but it has also brought many risks. The current increase in mahogany has shown that risks are accumulating.

Rosewood and yellow gorgeous rose most obviously in the mahogany market. The overall situation of mahogany furniture even exceeds the increase in the price of mahogany. The main reason for this price increase is the scarcity of mahogany. As we all know, many countries now prohibit the felling of mahogany, so many mahogany furniture just happens to be in stock.

According to the recently published figures, China imported 904,300 cubic meters of redwood, a year-on-year decrease of 56.0 1%, which could not meet the demand of China at all. Therefore, mahogany furniture began to rise gradually, especially in recent months, the decrease of mahogany imports has obviously stimulated the mahogany market in China, because mahogany furniture will skyrocket.

China is a very traditional country, and everyone likes mahogany furniture, because people think mahogany furniture looks stable at home, and it also performs well in environmental protection. Mahogany belongs to hardwood and is more suitable for home use, so the market situation of mahogany furniture will be more popular now.

The rise in raw material prices directly stimulated the mahogany furniture prices of furniture enterprises to start rising. Because many domestic furniture factories have a small inventory of mahogany raw materials, once there is a sharp drop in imports, the furniture city can only raise prices, so the mahogany furniture in the China market will start to rise indefinitely, and the cost pressure is unavoidable for furniture owners.

The rise of mahogany furniture in China market is partly due to the inflated prices caused by speculation. Recently, we can see a lot of mahogany propaganda, exaggerating the benefits of mahogany furniture and emphasizing the rarity of mahogany furniture. As a result, the already high cost of mahogany furniture has been hyped up again, and it is getting higher and higher.

Now the speculation of mahogany furniture has reached its zenith, and the risks are increasing. However, at that time, mahogany furniture enterprises were still driving up the price. It was precisely because individual enterprises deliberately drove up the price with ulterior motives that the mahogany furniture was inflated. This requires the intervention of market supervision and management departments to suppress such things as soon as possible!