Burmese rosewood furniture should rise "sound" or no market price at current price
August 16 03:08:28, 2023
Following the restrictions on jade exports in July, the market recently announced that the Myanmar government will stop the export of logs in April next year, and the Burmese rosewood, which is the main raw material for mahogany furniture, has risen. "In September, the price of 50 centimeters of Burmese rosewood was only 15,000 yuan per ton, and now it is at least 23,000 yuan." Huang Guohao, regional manager of Hangjiang Redwood Hangzhou. Since the beginning of this year, the market for mahogany raw materials has changed last year, and major varieties including Siamese rosewood, lobular rosewood, and rosewood have all risen sharply. However, like Emerald, the driving force behind the sharp rise in raw material prices is not the terminal market for overall recovery. The Myanmar government may restrict the export of logs to Fujian Futian mahogany furniture manufacturer Xu Xing recently helped a friend to issue 1 ton of red saplings worth 290,000 yuan. These sour branches were bought by friends at the end of last year. The price at that time was 60,000 yuan. The price of selling such a high price is related to the quality of the wood itself, but the trend of the red rosewood is really crazy this year.†Take the red rosewood chair sold by the aviation pipe mahogany as an example, the price at the beginning of the year was only 30,000. It is now close to 60,000 and has doubled in one year. Stimulating the price increase of Siamese rosewood is the newly promulgated Convention on International Trade in Endangered Species of Wild Fauna and Flora in June this year. In the Appendix III of Dalbergia chinensis (red rosewood scientific name) was added to Appendix II, which means that the future trade of Siamese rosewood for international trade requires an export license. In mid-October, the Lao Customs Company informed the Chinese partner that the ordered Sian rosewood must be cleared before October 25 and will be strictly prohibited from exporting. The same situation is likely to repeat itself in Burmese rosewood. According to Huang Guohao, the current market has said that Myanmar will stop the export of logs next year, and the wood must be processed to increase its value before it can be exported. This is exactly the same as the way the Burmese government treats jadeite. As the Burmese authorities control the mining and export of jadeite, the price of jadeite has doubled. But this increase is not good news for mahogany furniture manufacturers. "In such a short period of time, such a large increase, in addition to large companies in advance, indispensable ingredients." Xu Xing learned that in recent months, a large amount of funds poured into the Myanmar rose market, becoming the main driver of price increases. The price increase is not equal to the market recovery, which restricts the export of logs to more than one country in Myanmar. As early as May, Vietnam raised the export tax on raw materials for rosewood by 200%, which also led to an increase in the price of the Vietnamese huanghuali market. However, the mahogany trader said that the export tax has been raised, and there is not much wood in the country. Xu Xing has many friends who live in Vietnam and regularly transport wood through various channels. “The amount of large wood has indeed decreased, but the impact is far less than the market expects. The diameter of the wood is basically lacking, not imagined. The management of a mahogany in the Ouyada furniture market in Hangzhou increased the price of Burmese rosewood furniture by 30% last month. As a result, the sales volume in the month was not satisfactory. "If the rosewood price rises irrationally, it is easy to appear. There is no market price to test the dealer's capital chain. According to him, many mahogany companies around have not recovered from the last decline, and some have closed their doors. Affected by the economic downturn, last year's mahogany furniture market set off a wave of price cuts. The original 6-7 fold furniture is generally labeled with 3-4 fold. A large-scale mahogany furniture factory in Fujian also advertised “a tight capital, low-cost cash-out†campaign, when the market rumored that the factory was going to close down. “The rising price of wood has attracted many investors. This year’s sales have been warmer than last year, but there is still a certain gap from the best.†The CEO of a mahogany furniture factory in Dongyang said that in the current sales season, the business is reversed. Not so good, so it is too early to assert that the entire market is warming up. In fact, from the past five years, the price of rosewood has not risen all the way. For example, in the case of Siamese rosewood, most of the tons have been more than 100,000 yuan before 2008, and fell back to 60,000-80,000 yuan in 2008.
