The furniture and furnishing marketplace is a manufacturing sector in Hong Kong using a long history. It offers the production of household, office and kitchen furniture, as well as mattresses, bedding and areas of furniture. An extensive variety of raw materials are being used in production, including wood, rattan, plastic and metal. And the like, Furniture Hong Kong 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 are experts in the output of higher-end set furniture for hotels, offices along with other real estate projects under tender-contracts.
Hong Kong’s furniture manufacturers also have did start to develop their particular brands. Furniture manufacturers also be a little more careful about choosing raw materials to fulfill international standards, such as compliance with legal or any other environmental requirements within their target markets.
Green furnishings are a major product trend. Because of the increasing awareness about environmental protection and a lot more stringent legal requirements worldwide, furniture manufacturers are definitely more cautious in choosing materials 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 production of a variety of products including household, office and kitchen furniture, along with mattresses, bedding and parts of furniture.
The majority of the manufacturing activities of the furniture industry are actually carried out in the Chinese mainland. Together with the head office in Hong Kong, acting as a controlling office principally liable for high value-added services for example management, finance, accounting and marketing, production plants are already create about the Chinese mainland to utilise the benefit of lower operation cost.
Numerous types of raw materials are used in production, including wood, rattan, plastic and metal. And the like, wooden furnishings are the main production and exports in the industry. It includes furniture in rosewood and black-wood, especially wooden tables, chairs and wardrobes. To many Hong Kong furniture manufacturers, Asian countries are definitely the major way to obtain raw materials. For instance, solid wood is primarily sourced from Malaysia and Thailand, while Indonesia will be the major supplier of rattan.
In the retail side, chain stores and hypermarkets are the most popular sales channels in North America. In Japan, imported furnishings are mainly available in specialty stores as well as department stores. Within these mature markets, buyers increasingly source furniture from manufacturers, while some still purchase through agents and distributors. Specialised furniture districts or departmental stores are popular about the Chinese mainland both for retail and wholesale business.
Many Hong Kong manufacturers produce upon 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 own personal retail outlets in overseas markets, particularly on the mainland, for instance, 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 items are often sold in hypermarkets. For standard products for example garden chairs, folding chairs, shoes racks and mattresses, Hong Kong manufacturers mainly count on trading firms, foreign buying offices stationed in Hong Kong. They could also appoint sales agents to build up overseas markets.
Competition is keen in the furniture industry. A lot of companies strive to reduce their value of production and increase efficiency. Some relocate their manufacturing operations for some other areas with lower operation cost. Some foreign manufacturers are taking steps to strengthen their domestic production through product specialisation.
Hong Kong’s furniture manufacturers also have started to develop their own brands. Notable examples include mattress manufacturers marketing their own personal brands in the local and overseas markets. Furniture manufacturers also be more careful about the option of raw materials in order to meet international standards, for example compliance with legal or another environmental requirements with their target markets.
The Chinese mainland may be the largest furniture exporter to many countries, like the US and Japan Guangdong province is a major manufacturing centre of furniture around the Chinese mainland. Besides Hong Kong, manufacturers from Taiwan and in many cases america have also set up production plants about the mainland.
China also provides a massive 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, along with other higher-end products. In 2015, the entire retail sales of Wood furniture 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 partners in China to learn opportunities of establishing production or sales operations in China. Hong Kong can serve as a platform for these particular companies to penetrate the mainland market featuring its long-time expertise in production and distribution network in the mainland, along with the history 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, susceptible 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, by way of example, the stability, strength and also 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 observe minimizing harmful gas emissions from interiors, which will hinder using materials.
The Usa 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 certain requirements for that importation of plant and plant products, including products manufactured from wood. Importers are required to file a declaration upon importation which contains (i) the scientific name of any plant (for example the genus and species) contained in the importation, (ii) a description of the value and quantity (such as the unit of measure) of your importation and (iii) the name of the nation through which the plant was taken. In July 2010, the usa 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 accessible in the US.
Green furniture: As a result of the increasing awareness about environmental protection and more stringent legal requirements worldwide, furniture manufacturers are more cautious in picking the type of material for production. For instance, they prefer fabrics that do not give off toxic fumes within the production process, like polypropylene. In order to reduce the consumption of wood, some alternative materials are utilized because of environmental concerns. Some manufacturers will also be making furniture from recycled products, such as 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 multiple function is popular. The need for this kind of furniture is not restricted to people living in small quarters, but also people cluttered track of stuffs. Products for instance a raised bed with a lot of space for storing underneath and folding chairs held on a wall may 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 became popular all over the world, particularly in Europe and The United States.
Mass customization furniture (MCF): A trend popular recently. It shows the capacity of the supplier to supply customised products at quick responsiveness through flexible processes in high volumes, as well as at costs similar to 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 including cherry, white oak, maple and pine are well-liked through the customers. The very idea of mixed materials is developing. By using raw materials or simulation production techniques, manufacturers may offer more interesting mixtures of materials to deliver a distinctive collection.
Globally inspired design: The concept of bringing the world into our home is catching on along with the cultures in other parts around the world to get reflected in the style of Lounge chairs hk. For example, a more Zen-like interior space can be obtained from Asian inspired furniture.