The furnishings and furnishing market is a manufacturing sector in Hong Kong by using a long history. It contains producing household, office and kitchen furniture, and also mattresses, bedding and elements of furniture. A vast number of raw materials are utilized in production, including wood, rattan, plastic and metal. And the like, Furniture shop in Hong Kong 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 specialize in the manufacture of higher-end set furniture for hotels, offices and other real-estate projects under tender-contracts.
Hong Kong’s furniture manufacturers have likewise began to develop their own brands. Furniture manufacturers also be more careful about choosing raw materials in order to meet international standards, including compliance with legal or any other environmental requirements with 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 will be more cautious in choosing the types of materials for production. Some manufacturers are adopting a de-materialisation approach by designing furniture which utilizes less material. Furniture painting must also be eco-friendly.
Hong Kong’s furniture manufacturers take part in the creation of an array of products including household, office and kitchen furniture, as well as mattresses, bedding and aspects of furniture.
Most of the manufacturing activities from the furniture industry have become carried out around the Chinese mainland. With the head office in Hong Kong, acting as a controlling office principally responsible for high value-added services including management, finance, accounting and marketing, production plants have been put in place in the Chinese mainland to utilise the advantage of lower operation cost.
A multitude of raw materials are being used in production, including wood, rattan, plastic and metal. And the like, wooden furnishings are the main production and exports from the industry. It offers furniture in rosewood and black-wood, especially wooden tables, chairs and wardrobes. To many Hong Kong furniture manufacturers, Asian countries would be the major source of raw materials. By way of example, solid wood is primarily sourced from Malaysia and Thailand, while Indonesia will be the major supplier of rattan.
About the retail side, chain stores and hypermarkets are the most common sales channels in Canada And America. In Japan, imported furnishings are mainly bought from specialty stores as well as shops. In these mature markets, buyers increasingly source furniture right from manufacturers, even though some 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 on an OEM/ODM grounds for major foreign brands. By way of example, JF Household Furnishings Ltd, a listed company in Hong Kong Stock Exchange, is one of the suppliers of IKEA. Many Hong Kong manufacturers have established their particular retail outlets in overseas markets, particularly about the mainland, for example, Lamex, Four Seas Furniture and Dickson Furniture have setup subsidiaries, branch offices and sales outlets in main Chinese cities to facilitate domestic sales.
Low to medium-end products are often bought from hypermarkets. For standard products for example garden chairs, folding chairs, shoes racks and mattresses, Hong Kong manufacturers mainly rely on trading firms, foreign buying offices stationed in Hong Kong. They may also appoint sales agents to build up overseas markets.
Level of competition is keen from the furniture industry. Many companies strive to lower their value of production and increase efficiency. Some relocate their manufacturing operations for some 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 started to develop their very own brands. Notable these include mattress manufacturers marketing their own personal brands inside the local and overseas markets. Furniture manufacturers also become more careful about the option of raw materials to fulfill international standards, like compliance with legal or any other environmental requirements within their target markets.
The Chinese mainland is definitely the largest furniture exporter to a lot of countries, for example the US and Japan Guangdong province is a major manufacturing centre of furniture in the Chinese mainland. Besides Hong Kong, manufacturers from Taiwan and in many cases america have likewise set up production plants in the mainland.
China even offers a huge potential market for furniture manufacturers. The increasing consumption power of Chinese people, its property market development and promising tourist industry serve to drive the demand for both residential and hotel furniture, together with other higher-end products. In 2015, the whole retail sales of table Hong Kong products by wholesalers and retailers above a certain scale in China grew 16.1% to RMB244.5 billion. Some foreign companies are actively searching for business partners in China to explore opportunities of creating production or sales operations in China. Hong Kong can act as a platform for these companies to enter the mainland market featuring its long-time expertise in 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 made in Hong Kong, subjected to CEPA’s rules of origin, enjoy duty-free accessibility Chinese mainland.
Exports of furniture are subject to relevant safety and environmental requirements. Safety requirements include, for example, the stability, strength and in many cases 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 check and reduce harmful gas emissions from interiors, which could hinder using materials.
The United States is imposing anti-dumping duties on wooden bedroom furniture from China. Currently the dumping margins vary from .83% to 216.01%. In May 2008, america approved legislation that significantly tightens the prerequisites for that importation of plant and plant products, including products created from wood. Importers have to file a declaration upon importation which has (i) the scientific name for any plant (such as the genus and species) inside the importation, (ii) a description of your value and quantity (including the unit of measure) from the importation and (iii) the name of the country from 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 conventional for formaldehyde emissions from related wood products accessible in the US.
Green furniture: Because of the increasing awareness about environmental protection plus more stringent legal requirements worldwide, furniture manufacturers tend to be more cautious when choosing the type of material for production. For instance, they utilize fabrics which do not emit toxic fumes from the production process, including polypropylene. As a way to reduce the consumption of wood, some alternative materials are employed because of environmental concerns. Some manufacturers may also be making furniture from recycled products, like 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 green.
Multi-functionality: More flexible, functional and smaller furniture which incorporates several function is popular. The demand for this sort of furnishings are not restricted to people living in small quarters, but in addition people cluttered on top of stuffs. Products for instance a raised bed with lots of storage area underneath and folding chairs hung on a wall can help provide storage solution and free space on the floor.
Ready-to-assemble (RTA) and Do-it-yourself (DIY) furniture: RTA and DIY furniture and home furnishing products have become popular worldwide, particularly in Europe and The United States.
Mass customization furniture (MCF): A trend more popular then ever recently. It shows the capability of the supplier to offer customised products at quick responsiveness through flexible processes in high volumes, as well as at costs much like standardised mass products.
Natural variations: The latest American classic with simplicity designs is coming back. Furniture featured with clean lines along with a visible indication of hand workmanship is popular in the usa. Wood species for example cherry, white oak, maple and pine are very well-liked through the customers. The idea of mixed materials is developing. By making use of raw materials or simulation production techniques, manufacturers may offer more interesting combinations of materials to offer an exclusive collection.
Globally inspired design: The concept of bringing the planet into our residence is catching on as well as the cultures in other areas around the world to get reflected in the appearance of Lounge chairs hk. For example, an even more Zen-like interior space are available in Asian inspired furniture.