The furniture and furnishing market is a manufacturing sector in Hong Kong by using a long history. It contains the creation of household, office and kitchen furniture, in addition to mattresses, bedding and parts of furniture. A huge assortment of raw materials are employed in production, including wood, rattan, plastic and metal. And others, Furniture hk is definitely the major production and exports of your industry.
Hong Kong companies have strong design capability, while accommodating themselves to OEM orders from overseas buyers. Some specialise in the production of higher-end set furniture for hotels, offices and other real-estate projects under tender-contracts.
Hong Kong’s furniture manufacturers also have did start to develop their own personal brands. Furniture manufacturers also become more careful about the choice of raw materials in order to meet international standards, including compliance with legal or some other environmental requirements inside their target markets.
Green furnishings are a serious product trend. As a result of the increasing awareness about environmental protection and much more stringent legal requirements worldwide, furniture manufacturers are definitely more cautious when choosing materials for production. Some manufacturers are adopting a de-materialisation approach by designing furniture which utilizes less material. Furniture painting also needs to be eco-friendly.
Hong Kong’s furniture manufacturers embark on the production of a wide range of products including household, office and kitchen furniture, and also mattresses, bedding and aspects of furniture.
A lot of the manufacturing activities of the furniture industry are conducted about the Chinese mainland. With all the head office in Hong Kong, acting as being a controlling office principally accountable for high value-added services including management, finance, accounting and marketing, production plants happen to be setup in the Chinese mainland to utilise the benefit of lower operation cost.
A wide variety of raw materials are utilized in production, including wood, rattan, plastic and metal. Among others, wooden furniture is the major production and exports from the industry. It provides furniture in rosewood and black-wood, especially wooden tables, chairs and wardrobes. To many people Hong Kong furniture manufacturers, Asian countries will be the major source of raw materials. For instance, solid wood is mainly sourced from Malaysia and Thailand, while Indonesia is the major supplier of rattan.
Around the retail side, chain stores and hypermarkets are the most famous sales channels in America. In Japan, imported furniture is mainly sold in specialty stores as well as department stores. Over these mature markets, buyers increasingly source furniture directly from manufacturers, even though some still purchase through agents and distributors. Specialised furniture districts or shopping centers are popular around the Chinese mainland for both retail and wholesale business.
Many Hong Kong manufacturers produce on an OEM/ODM grounds for major foreign brands. For example, JF Household Furnishings Ltd, a listed company in Hong Kong Stock Exchange, is probably the suppliers of IKEA. Many Hong Kong manufacturers established their particular stores in overseas markets, particularly on the mainland, as an example, Lamex, Four Seas Furniture and Dickson Furniture have put in place subsidiaries, branch offices and sales outlets in leading Chinese cities to facilitate domestic sales.
Low to medium-end items are often bought from hypermarkets. For standard products including garden chairs, folding chairs, shoes racks and mattresses, Hong Kong manufacturers mainly depend upon trading firms, foreign buying offices stationed in Hong Kong. They can also appoint sales agents to formulate overseas markets.
Competition is keen within the furniture industry. Many companies strive to lessen their expense of production and increase efficiency. Some relocate their manufacturing operations to other areas with lower operation cost. Some foreign manufacturers are taking steps to bolster their domestic production through product specialisation.
Hong Kong’s furniture manufacturers have also started to develop their very own brands. Notable these include mattress manufacturers marketing their very own brands from the local and overseas markets. Furniture manufacturers also be more careful about the option of raw materials in order to meet international standards, including compliance with legal or any other environmental requirements within their target markets.
The Chinese mainland is definitely the largest furniture exporter to many countries, including the US and Japan Guangdong province can be a major manufacturing centre of furniture in the Chinese mainland. Apart from Hong Kong, manufacturers from Taiwan as well as the united states have set up production plants around the mainland.
China also provides an enormous potential marketplace for furniture manufacturers. The increasing consumption power of Chinese people, its property market development and promising tourist industry help to drive the interest in both residential and hotel furniture, along with other higher-end products. In 2015, the complete retail sales of 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 looking for business partners in China to discover opportunities of creating production or sales operations in China. Hong Kong can behave as a platform for such companies to get in the mainland market featuring its long-time experience of production and distribution network in the mainland, as well as the reputation for 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 created in Hong Kong, subject to 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, as an example, the stability, strength and even 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 observe and reduce harmful gas emissions from interiors, which may hinder using materials.
The Usa is imposing anti-dumping duties on wooden bedroom accessories from China. Typically the dumping margins range from .83% to 216.01%. In May 2008, the US approved legislation that significantly tightens the requirements to the importation of plant and plant products, including products manufactured from wood. Importers have to file a declaration upon importation that contains (i) the scientific name for any plant (including the genus and species) included in the importation, (ii) a description of your value and quantity (for example the unit of measure) from the importation and (iii) the name of the country through which the plant was taken. In July 2010, the united states enacted into law the Formaldehyde Standards for Composite Wood Product Act which came into effect in January 2011. This Act sets the typical for formaldehyde emissions from related wood products for sale in the usa.
Green furniture: On account of the increasing awareness about environmental protection and a lot more stringent legal requirements worldwide, furniture manufacturers are more cautious in picking materials for production. For instance, they use fabrics that do not emit toxic fumes inside the production process, for example polypropylene. So that you can reduce the intake of wood, some alternative materials are being used because of environmental concerns. Some manufacturers will also be making furniture from recycled products, including 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 must also be eco-friendly.
Multi-functionality: More flexible, functional and smaller furniture which incorporates several function is popular. The demand for this type of furniture is not restricted to people located in small quarters, but additionally people cluttered track of stuffs. Products say for example a raised bed with a lot of storage area underneath and folding chairs held on a wall can help provide storage solution and free space on to the floor.
Ready-to-assemble (RTA) and Do-it-yourself (DIY) furniture: RTA and DIY furniture and home furnishing products have become popular worldwide, specially in Europe and North America.
Mass customization furniture (MCF): A trend popular in recent times. It shows the capacity of your supplier to supply customised goods and services at quick responsiveness through flexible processes in high volumes, as well as costs much like standardised mass products.
Natural variations: The new American classic with simplicity designs is originating back. Furniture featured with clean lines as well as a visible manifestation of hand workmanship is popular in america. Wood species for example cherry, white oak, maple and pine are well-liked with the customers. The concept of mixed materials is developing. With the use of raw materials or simulation production techniques, manufacturers can provide more interesting combinations of materials to provide a distinctive collection.
Globally inspired design: The notion of bringing the globe into our home is catching on along with the cultures in other areas of the world in obtaining reflected in the style of Lounge chairs hk. For example, a much more Zen-like interior space are available in Asian inspired furniture.