Since the beginning of this year, the price of wood has been rising, which has caused furniture manufacturers to suffer. The fierce market competition makes it difficult for manufacturers to arbitrarily raise prices, and the rising cost has caused enterprises to fall into a situation of falling profits and even losses. The industry believes that the trend of rising timber prices is difficult to change in the short term, and furniture prices have risen all the time. The arrow is on the string.
Timber price rises and wrinkles a pool of spring water
The price increase of this timber is national, and there is a phenomenon of “having money and not buying wood†in the major provinces of furniture production and export. Many industry veterans believe that at the end of this year, timber will maintain the trend of price increases, and the pressure on furniture prices will increase. The price war in the past will be rare.
According to industry insiders, the price of timber in China has generally risen due to a number of factors this year. In the past few months, China’s demand for wood has continued to grow. In particular, the world is protecting the ecological environment, prohibiting illegal logging, resulting in a sharp decline in timber production and tight supply in the timber market. It also reduced the overall amount of wood felled. The upstream raw material processing enterprises have experienced obvious under-employment, which has driven the increase in the price of timber in China.
Production of raw materials mainly rely on wood flooring, doors, cabinets and other production enterprises, has already sent signals before the furniture industry: due to the increase in production costs, the price of products began to increase. According to statistics, only the price of flooring products has soared by 20% recently.
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