The price decline from the beginning of the year has severely frustrated sales of mahogany furniture , especially for low-end mahogany furniture. The price drop is generally around 50%, and the price of high-end mahogany is relatively small. On August 4th, the reporter went to the first floor of Beijing Redwood, the old mahogany furniture store located in the 5th Road West Ring Road in Beijing. The market was a bit deserted. When asked about the price trend of mahogany furniture this year, a brand sales manager shook his head and said: "This year the entire mahogany furniture market is extremely deserted, and prices have been falling sharply since the beginning of the year." However, the sales manager also pointed out that "the price of high-end mahogany furniture has not changed. Now the labor costs have increased. Some furniture prices have even fluctuated slightly. It is not a blind price reduction, mainly because buyers are much less." Since November last year, most of the mahogany furniture market has experienced “Waterlooâ€. According to industry insiders, the passenger traffic of mahogany furniture retailers has dropped by about 40% due to multiple factors such as the fall in raw material prices and the regulation of the property market. The domino effect appeared. At the beginning of this year, the price of mahogany furniture dropped significantly. Especially for the low-end mahogany furniture, the price dropped by 50%, and the high-end products fell by about 10% to 25%. Ningbo Vinny International Trading Co., Ltd , http://www.vinnystationery.com
The price and price of mahogany furniture are on the rise