The furniture and furnishing marketplace is a manufacturing sector in Hong Kong by using a long history. It provides the creation of household, office and kitchen furniture, as well as mattresses, bedding and elements of furniture. A huge assortment of raw materials are utilized in production, including wood, rattan, plastic and metal. Amongst others, Furniture hk will be the major production and exports of the industry.
Hong Kong companies have strong design capability, while accommodating themselves to OEM orders from overseas buyers. Some specialise in the output of higher-end set furniture for hotels, offices as well as other real-estate projects under tender-contracts.
Hong Kong’s furniture manufacturers have also began to develop their own personal brands. Furniture manufacturers also be more careful about the option of raw materials to fulfill international standards, for example compliance with legal or some other environmental requirements in their target markets.
Green furniture is an important product trend. Due to the increasing awareness about environmental protection and more stringent legal requirements worldwide, furniture manufacturers tend to be more cautious in selecting the type of material for production. Some manufacturers are adopting a de-materialisation approach by designing furniture which uses less material. Furniture painting must also be eco-friendly.
Hong Kong’s furniture manufacturers participate in the creation of a wide array of products including household, office and kitchen furniture, as well as mattresses, bedding and aspects of furniture.
Most of the manufacturing activities in the furniture industry are now carried out around the Chinese mainland. Using the head office in Hong Kong, acting as a controlling office principally in charge of high value-added services including management, finance, accounting and marketing, production plants are already setup about the Chinese mainland to utilise the main benefit of lower operation cost.
A multitude of raw materials are employed in production, including wood, rattan, plastic and metal. And others, wooden furnishings are the major production and exports of your industry. It contains furniture in rosewood and black-wood, especially wooden tables, chairs and wardrobes. To a lot of Hong Kong furniture manufacturers, Asian countries would be the major supply of raw materials. As an example, solid wood is principally sourced from Malaysia and Thailand, while Indonesia is the major supplier of rattan.
In the retail side, chain stores and hypermarkets are the most common sales channels in North America. In Japan, imported furniture is mainly bought from specialty stores along with department shops. In these mature markets, buyers increasingly source furniture directly from manufacturers, while many still purchase through agents and distributors. Specialised furniture districts or shopping malls are popular in the Chinese mainland for retail and wholesale business.
Many Hong Kong manufacturers produce by using an OEM/ODM basis for major foreign brands. For instance, JF Household Furnishings Ltd, a listed company in Hong Kong Stock Exchange, is among the suppliers of IKEA. Many Hong Kong manufacturers have established their own personal retail outlets in overseas markets, particularly on the mainland, by way of example, Lamex, Four Seas Furniture and Dickson Furniture have set up subsidiaries, branch offices and sales outlets in main Chinese cities to facilitate domestic sales.
Low to medium-end items are often available in hypermarkets. For standard products such as garden chairs, folding chairs, shoes racks and mattresses, Hong Kong manufacturers mainly rely on trading firms, foreign buying offices stationed in Hong Kong. They could also appoint sales agents to formulate overseas markets.
Competition is keen in the furniture industry. A lot of companies strive to reduce their price of production and increase efficiency. Some relocate their manufacturing operations to other areas with lower operation cost. Some foreign manufacturers take steps to bolster their domestic production through product specialisation.
Hong Kong’s furniture manufacturers have also started to develop their particular brands. Notable examples include mattress manufacturers marketing their particular brands from the local and overseas markets. Furniture manufacturers also become more careful about choosing raw materials to meet international standards, including compliance with legal or any other environmental requirements in their target markets.
Chinese People mainland is definitely the largest furniture exporter to many countries, for example the US and Japan Guangdong province is a major manufacturing centre of furniture around the Chinese mainland. Apart from Hong Kong, manufacturers from Taiwan and even the usa have put in place production plants about the mainland.
China now offers an enormous potential market for furniture manufacturers. The increasing consumption power of Chinese people, its property market development and promising tourist industry serve to drive the need for both residential and hotel furniture, as well as other higher-end products. In 2015, the total retail sales of Dining table Hong Kong products by wholesalers and retailers above a particular scale in China grew 16.1% to RMB244.5 billion. Some foreign companies are actively seeking for partners in China to learn opportunities of creating production or sales operations in China. Hong Kong can serve as a platform for these companies to penetrate the mainland market having its long-time expertise in production and distribution network on the mainland, plus the track record of its quality, integrity, reliable delivery and management.
The Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) was concluded in June 2003 and subsequently expanded in following years. All products manufactured in Hong Kong, at the mercy of CEPA’s rules of origin, enjoy duty-free access to the Chinese mainland.
Exports of furniture are subjected to relevant safety and environmental requirements. Safety requirements include, for instance, the stability, strength and also height requirements for children furniture, and fire-safety requirements for bedding, mattresses, fabric sofas and curtains. In October 2002, a law was passed in Japan to monitor and minimize harmful gas emissions from interiors, which could hinder the use of materials.
America is imposing anti-dumping duties on wooden bedroom furniture from China. Currently the dumping margins vary from .83% to 216.01%. In May 2008, the US approved legislation that significantly tightens certain requirements for the importation of plant and plant products, including products made from wood. Importers have to file a declaration upon importation that contains (i) the scientific name of the plant (including the genus and species) contained in the importation, (ii) a description of the value and quantity (for example the unit of measure) of your importation and (iii) the name of the country through which the plant was taken. In July 2010, the US enacted into law the Formaldehyde Standards for Composite Wood Product Act which came into effect in January 2011. This Act sets the regular for formaldehyde emissions from related wood products easily obtainable in the united states.
Green furniture: Because of the increasing awareness about environmental protection and much more stringent legal requirements worldwide, furniture manufacturers are definitely more cautious in selecting the types of materials for production. As an example, they prefer fabrics that do not emit toxic fumes from the production process, like polypropylene. In order to reduce the consumption of wood, some alternative materials are employed because of environmental concerns. Some manufacturers are also making furniture from recycled products, for example reclaimed wood and old teak from wood buildings. Some manufacturers are adopting dexopky64 de-materialisation approach by designing furniture which uses less material. Furniture painting also needs to be environmentally friendly.
Multi-functionality: More flexible, functional and smaller furniture which incorporates several function is popular. The need for this type of furniture is not limited to people located in small quarters, but additionally people cluttered with stuffs. Products like a raised bed with lots of storage area underneath and folding chairs hung on a wall will help provide storage solution and free space on the ground.
Ready-to-assemble (RTA) and Do-it-yourself (DIY) furniture: RTA and DIY furniture and home furnishing products have gained popularity worldwide, especially in Europe and North America.
Mass customization furniture (MCF): A trend increasingly popular in recent times. It shows the power in the supplier to deliver customised products or services at quick responsiveness through flexible processes in high volumes, and at costs just like standardised mass products.
Natural variations: The brand new American classic with simplicity designs is on its way back. Furniture featured with clean lines and a visible symbol of hand workmanship is popular in the US. Wood species like cherry, white oak, maple and pine are very-liked from the customers. The very idea of mixed materials is developing. Through the use of raw materials or simulation production techniques, manufacturers may offer more interesting combinations of materials to provide a distinctive collection.
Globally inspired design: The concept of bringing the world into our house is catching on along with the cultures in other areas around the world in obtaining reflected in the style of bar stool HK. By way of example, an even more Zen-like interior space can be found in Asian inspired furniture.