In the first half of the year, the market of redwoods was unbearable. The influx of imported materials of mahogany raw materials impeded the decline in the market price of the terminal market. The demand in the consumer market continued to be insufficient, resulting in a flat performance of the consumption of mahogany products. The market was once below the development warning line. The recent news has made the industry full of expectations.
According to the news, following Myanmar, Laos and Cambodia, Vietnam has also announced that it will begin to strictly investigate the smuggling of redwoods. So far, half of the countries that strictly control the import and export of mahogany in Southeast Asia have reached half. Many industry insiders have said that strict control of many countries may lead to an increase in domestic rosewood prices. As a result, various viewpoints of bargain-hunting theory, investment theory, and turning theory have arisen, and it is generally believed that the redwood collection has a good time.
Business difficulties
The market report of the Chinese rosewood market released in the first half of the year said that the trend of the prosperity index of the mahogany products market in the first half of the year was “almost a straight lineâ€, and the trading market of mahogany products was still below the development warning line.
In fact, in the Shenyang market, the downturn in the mahogany trading market can also be seen. When the reporter visited some mahogany furniture halls, I found that the red rosewood, rosewood, rosewood and other types are complete, and the high-end furniture of the large-scale storefront mahogany is dazzling. However, in stark contrast to this, although there are signs such as “clearing goods†and “discountingâ€, there are few customers in the store, and the products are nobody. Some mahogany operators said that they have difficulties in operating, and some have chosen to reduce storefronts, reduce staff, and shut down factories to reduce costs and maintain basic operations. More stores have adjusted all the mahogany business areas and merged them into other category business areas, and the vacated business area is used for other purposes.
“In recent years, new wood has entered the market, such as African pears. These new woods are also very durable. If you only want to use them for home, you can buy a solid African pear table and chairs for about 20,000 yuan.†Mahogany furniture The boss Mr. Liu said. In contrast, not many people will pay high prices for the purchase of mahogany furniture of these traditional materials.
The industry believes that the redwood industry as a resource-based industry, its raw material import situation is the result of changes in the domestic market. The data shows that in the first half of the year, China's cumulative imports of mahogany was 467,400 cubic meters, up 2.7% year-on-year; the import value was 455 million US dollars, down 19.45% year-on-year, and the average import price of rosewood fell by 21.56%. A rise and fall directly affects the operating status of domestic market players.
Price is going down
Mr. Dong, who is engaged in the production and processing of mahogany, believes that the main cause of the market downturn should be the Convention on International Trade in Endangered Species of Wild Fauna and Flora, which came into effect in June 2013. It will be Dalbergia chinensis, Dalbergia chinensis, and Dalbergia chinensis. Wood, which was originally classified as a third-class endangered tree species, was upgraded to a second-class endangered species. At one time, the price of redwood was a hundred times, and the price rose by 50% in just two months.
After that, the market blindly followed the trend, making its price a few times higher than the value. At that time, the price difference between high-end and low-end mahogany was several times, but the quality gap was not that big. The carvings and practicality of the low-end mahogany are not bad. In order to better sell, even some low-end mahogany is more exquisite than the high-end mahogany engraving, which makes consumption more rational and the consumption direction tends to the lower end.
However, the real market growth is far from such a boom. After entering 2014, the price of redwoods began to plummet and continued into the “crash†in 2015. Mr. Dong introduced that some speculators had smashed a lot of goods in the past few years and did not use them for furniture processing. After 2014, it encountered market liquidity tightening, and the supply of raw materials in the market exceeded demand. This caused many mahogany manufacturers who hoarded raw materials to start selling at a large price, causing prices to go down.
The reporter learned from the Shenyang market that the current set of 10 sets of red sandalwood is priced at 260,000 yuan, the classic red rosewood three-piece Nanguan hat is priced at 88,000 yuan, and the four-piece set of Dalbergia Dazhongtang is priced at 480,000 yuan...and 2013 Compared to the market, the price is less than one-third. Moreover, many sales people said that regardless of which one they like, the price can be negotiated.
Warmer is still unknown
According to industry insiders, almost all raw materials for Chinese rosewood products are imported from abroad, and the import and export policy of precious wood that has been shrinking in recent years has also brought shock and influence to the mahogany industry. After Myanmar, Laos and Cambodia, Vietnam has also announced strict control policies. So far, half of the countries that strictly control the import and export of mahogany in Southeast Asia have reached half.
Not only that, but many countries are also preparing to strengthen the protection of animal and plant species, some of which have been disclosed. According to the news, Thailand will submit a proposal No. 53 to upgrade the control level of Dalbergia from the mark 5 in Appendix II to the mark 4. The corresponding regulation is that all forms and derivatives of this species are regulated except for a few artificial or in vitro cultures.
This news has been confirmed by the staff of the Chinese Redwood Committee. However, it will be wait and see if the proposal is finally passed, but once it is passed, it means that the trade of S. sinensis wild forest is likely to be completely banned. After that, only the plantation and plantation can be carried out. The red rosewood furniture will be like Huanghuali furniture. The same, gradually faded out of the market.
There are also proposals for the protection of Dalbergia species and teak. Although the tree species targeted by the two proposals do not belong to the national redwood species, there is still a large transaction volume. If the proposal goes into effect, it will also have an impact on the timber import structure.
Once the above proposal goes into effect, the import market for mahogany raw materials will continue to waver. However, industry experts believe that these news can only indicate that the upstream supply of raw materials is tightening, and it is impossible to judge the trend of the market terminal market. After all, there is still an unreasonable price in the market. It is still unclear how much the market stock is in the market. Whether it is warmer or warmer is still to be observed.
Pet Bowls,Pet Feeders,Pet Water Feeders,Pet Water Bottles,Pet Food Storage
Ningbo New Glory International Trading Co.,Ltd , https://www.newglory-pet.com