The furniture and furnishing industry is a manufacturing sector in Hong Kong with a long history. It offers the creation of household, office and kitchen furniture, and also mattresses, bedding and parts of furniture. An enormous number of raw materials are employed in production, including wood, rattan, plastic and metal. And others, Furniture shop in Hong Kong is definitely 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 creation of higher-end set furniture for hotels, offices as well as other real estate property projects under tender-contracts.
Hong Kong’s furniture manufacturers have also begun to develop their very own brands. Furniture manufacturers also become a little more careful about the choice of raw materials to fulfill international standards, such as compliance with legal or some other environmental requirements inside their target markets.
Green furnishings are a major product trend. Due to the increasing awareness about environmental protection and more stringent legal requirements worldwide, furniture manufacturers are more cautious when choosing the types of materials for production. Some manufacturers are adopting a de-materialisation approach by designing furniture which uses less material. Furniture painting also needs to be eco friendly.
Hong Kong’s furniture manufacturers engage in the creation of a wide range of products including household, office and kitchen furniture, in addition to mattresses, bedding and parts of furniture.
Many of the manufacturing activities in the furniture industry are now conducted on the Chinese mainland. Using the head office in Hong Kong, acting being a controlling office principally accountable for high value-added services such as management, finance, accounting and marketing, production plants are already create around the Chinese mainland to utilise the main benefit of lower operation cost.
Numerous types of raw materials are used in production, including wood, rattan, plastic and metal. Amongst others, wooden furnishings are the major production and exports in the industry. It offers furniture in rosewood and black-wood, especially wooden tables, chairs and wardrobes. To many Hong Kong furniture manufacturers, Asian countries are the major source of raw materials. For instance, wood is principally sourced from Malaysia and Thailand, while Indonesia will be the major supplier of rattan.
On the retail side, chain stores and hypermarkets are the most popular sales channels in America. In Japan, imported furniture is mainly bought from specialty stores along with department shops. Within these mature markets, buyers increasingly source furniture from manufacturers, even though some still purchase through agents and distributors. Specialised furniture districts or shopping malls are popular around the Chinese mainland for both retail and wholesale business.
Many Hong Kong manufacturers produce by using an OEM/ODM grounds for major foreign brands. As an 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 around the mainland, by way of example, Lamex, Four Seas Furniture and Dickson Furniture have create subsidiaries, branch offices and sales outlets in major Chinese cities to facilitate domestic sales.
Low to medium-end products are often bought from hypermarkets. For standard products like garden chairs, folding chairs, shoes racks and mattresses, Hong Kong manufacturers mainly count on trading firms, foreign buying offices stationed in Hong Kong. They might also appoint sales agents to build up overseas markets.
Competition is keen inside the furniture industry. A lot of companies strive to reduce their value of production and increase efficiency. Some relocate their manufacturing operations with other areas with lower operation cost. Some foreign manufacturers take steps to boost their domestic production through product specialisation.
Hong Kong’s furniture manufacturers have begun to develop their very own brands. Notable examples include mattress manufacturers marketing their own personal brands inside the local and overseas markets. Furniture manufacturers also become more careful about choosing raw materials to satisfy international standards, including compliance with legal or some other environmental requirements in their target markets.
Chinese People mainland may be the largest furniture exporter to many people countries, including the US and Japan Guangdong province is a major manufacturing centre of furniture on the Chinese mainland. In addition to Hong Kong, manufacturers from Taiwan and also the usa also have put in place production plants in the mainland.
China also offers a huge potential industry 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, along with other higher-end products. In 2015, the complete retail sales of Dining table Hong Kong products by wholesalers and retailers above a specific scale in China grew 16.1% to RMB244.5 billion. Some foreign companies are actively searching for business partners in China to discover opportunities of putting together production or sales operations in China. Hong Kong can serve as a platform for such companies to get in the mainland market with its long-time experience in production and distribution network about the mainland, as well as the good 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 accessibility Chinese mainland.
Exports of furniture are at the mercy of relevant safety and environmental requirements. Safety requirements include, for example, the steadiness, strength as well as height requirements for youngsters furniture, and fire-safety requirements for bedding, mattresses, fabric sofas and curtains. In October 2002, a law was passed in Japan to check and lower harmful gas emissions from interiors, which may hinder the use of materials.
The United States is imposing anti-dumping duties on wooden bedroom accessories from China. Currently the dumping margins cover anything from .83% to 216.01%. In May 2008, the US approved legislation that significantly tightens the prerequisites for the importation of plant and plant products, including products created from wood. Importers are needed to file a declaration upon importation which has (i) the scientific name for any plant (such as the genus and species) contained in the importation, (ii) a description of your value and quantity (like the unit of measure) of the importation and (iii) the name of the nation that the plant was taken. In July 2010, america enacted into law the Formaldehyde Standards for Composite Wood Product Act which came into effect in January 2011. This Act sets the conventional for formaldehyde emissions from related wood products easily obtainable in the usa.
Green furniture: Because of the increasing awareness about environmental protection plus more stringent legal requirements worldwide, furniture manufacturers are more cautious in choosing the types of materials for production. For example, they normally use fabrics which do not give off toxic fumes inside the production process, including polypropylene. To be able to reduce the intake of wood, some alternative materials are being used in view of environmental concerns. Some manufacturers may 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 utilizes less material. Furniture painting also needs to be eco-friendly.
Multi-functionality: More flexible, functional and smaller furniture which incorporates several function is popular. The interest in this type of furnishings are not limited by people surviving in small quarters, but in addition people cluttered on top of stuffs. Products for instance a raised bed with a lot of storage space underneath and folding chairs hung on a wall can 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 around the globe, particularly in Europe and Canada And America.
Mass customization furniture (MCF): A trend ever more popular lately. It shows the capability of your supplier to provide customised products at quick responsiveness through flexible processes in high volumes, as well as at costs similar to standardised mass products.
Natural variations: The newest American classic with simplicity designs is originating back. Furniture featured with clean lines plus a visible sign of hand workmanship is popular in america. Wood species like cherry, white oak, maple and pine are very-liked with the customers. The concept of mixed materials is developing. With the use of raw materials or simulation production techniques, manufacturers may offer more interesting mixtures of materials to provide an exclusive collection.
Globally inspired design: The notion of bringing the entire world into our property is catching on along with the cultures in other parts on the planet in obtaining reflected in the style of bar stool HK. As an example, an even more Zen-like interior space can be found in Asian inspired furniture.