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Redwood still rises in investment space
Recently, the reporter learned from a number of rosewood dealers that the news of the plunge in the high-end mahogany furniture market is not true. The ordinary mahogany furniture did not fall due to the sound. The price of mahogany furniture did not fall but rose slightly. Due to the increase in the cost of workers and the scarcity of raw materials, mahogany furniture does not have a depreciation basis. According to Chen Jinchun, a rosewood dealer, the wages of workers in the mahogany factory have risen from 80 yuan/day to 200 yuan/day in his hometown. "In fact, mahogany furniture still has investment value, and the upward trend will not change in the next few years. The high-end market share of more than one million yuan is small, and the demand for ordinary furniture in the market of about 10,000 yuan is still very large." Liu Tao said that because the growth of redwood species requires a long period of time, and the market demand is large, the raw material of redwood has been in a state of being in short supply, and the price of redwood will naturally rise. The consumer groups of mahogany furniture have broken the traditional model, the consumer groups are expanding, and ordinary families and young consumers have begun to collect and invest in mahogany furniture. For this, Liu Tao has a deep understanding. He said that since 2009, more and more young consumers have paid attention to mahogany furniture. The group that previously focused on mahogany furniture is a group of people with economic strength of 40 or 50 years old. More and more young people are now joining the team that buys mahogany furniture. Liu Tao said that mahogany furniture is a durable product, which combines the use and preservation value. It has different preferences for consumers of different ages. For the 40s and 50s, they usually choose one or two boutique tables and chairs. Or ornaments, focusing on style and appreciation potential, young people tend to blend modern and classical elements. According to industry insiders, from the perspective of investment, mid-range varieties such as red rosewood, black rosewood, and wenge wood have larger appreciation space, and the stocks of lobular rosewood, Hainan huanghuali, and Vietnamese huanghuali are getting less and less. The market price is already high, and the relative room for further increase is relatively limited.