The furniture and furnishing industry is a manufacturing sector in Hong Kong by using a long history. It provides the production of household, office and kitchen furniture, as well as mattresses, bedding and aspects of furniture. A vast assortment of raw materials are employed in production, including wood, rattan, plastic and metal. Among others, Furniture Hong Kong is definitely the major production and exports from the industry.
Hong Kong companies have strong design capability, while accommodating themselves to OEM orders from overseas buyers. Some specialize in the output of higher-end set furniture for hotels, offices as well as other property projects under tender-contracts.
Hong Kong’s furniture manufacturers also have begun to develop their very own brands. Furniture manufacturers also become a little more careful about the option of raw materials in order to meet international standards, like compliance with legal or other environmental requirements within their target markets.
Green furnishings are a significant product trend. On account of the increasing awareness about environmental protection and a lot more stringent legal requirements worldwide, furniture manufacturers tend to be more cautious in picking materials for production. Some manufacturers are adopting a de-materialisation approach by designing furniture which uses less material. Furniture painting also needs to be green.
Hong Kong’s furniture manufacturers participate in the production of a wide array of products including household, office and kitchen furniture, in addition to mattresses, bedding and aspects of furniture.
Many of the manufacturing activities in the furniture industry are actually conducted around the Chinese mainland. Together with the head office in Hong Kong, acting being a controlling office principally liable for high value-added services including management, finance, accounting and marketing, production plants happen to be set up on the Chinese mainland to utilise the main benefit of lower operation cost.
A multitude of raw materials are used in production, including wood, rattan, plastic and metal. Among others, wooden furniture is the key production and exports of your industry. It offers 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 way to obtain raw materials. For example, solid wood is primarily sourced from Malaysia and Thailand, while Indonesia will be 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 along with shops. In these mature markets, buyers increasingly source furniture from manufacturers, while many still purchase through agents and distributors. Specialised furniture districts or shopping centers are popular in 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 have established their own stores in overseas markets, particularly in the mainland, by way of example, Lamex, Four Seas Furniture and Dickson Furniture have create subsidiaries, branch offices and sales outlets in main Chinese cities to facilitate domestic sales.
Low to medium-end goods are often available in hypermarkets. For standard products like garden chairs, folding chairs, shoes racks and mattresses, Hong Kong manufacturers mainly depend upon trading firms, foreign buying offices stationed in Hong Kong. They might also appoint sales agents to formulate overseas markets.
Levels of competition are keen from the furniture industry. Many companies strive to lower their cost of production and increase efficiency. Some relocate their manufacturing operations with other areas with lower operation cost. Some foreign manufacturers take steps to bolster their domestic production through product specialisation.
Hong Kong’s furniture manufacturers also have did start to develop their particular brands. Notable these include mattress manufacturers marketing their particular brands inside the local and overseas markets. Furniture manufacturers also be more careful about deciding on a raw materials in order to meet international standards, including compliance with legal or another environmental requirements with their target markets.
The Chinese mainland will be the largest furniture exporter to many people 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 also the united states have likewise setup 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 help to drive the demand for both residential and hotel furniture, as well as 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 seeking 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 on the mainland, and also 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 manufactured in Hong Kong, susceptible 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, by way of example, the stability, strength and also height requirements for kids furniture, and fire-safety requirements for bedding, mattresses, fabric sofas and curtains. In October 2002, a law was passed in Japan to keep track of and reduce harmful gas emissions from interiors, which would hinder the use of materials.
The Usa is imposing anti-dumping duties on wooden bedroom furniture from China. Typically the dumping margins range between .83% to 216.01%. In May 2008, the usa approved legislation that significantly tightens certain requirements for your importation of plant and plant products, including products manufactured from wood. Importers are needed to file a declaration upon importation which has (i) the scientific name for any plant (like the genus and species) contained in the importation, (ii) a description of your value and quantity (such as the unit of measure) of your importation and (iii) the name of the country from which 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 regular for formaldehyde emissions from related wood products accessible in america.
Green furniture: On account of the increasing awareness about environmental protection and much more stringent legal requirements worldwide, furniture manufacturers will be more cautious in selecting materials for production. For instance, they normally use fabrics which do not produce toxic fumes in the production process, such as polypropylene. To be able to reduce the intake of wood, some alternative materials are being used in view of environmental concerns. Some manufacturers are also 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 utilizes less material. Furniture painting must also be green.
Multi-functionality: More flexible, functional and smaller furniture which incorporates multiple function is popular. The requirement for this particular furnishings are not confined to people surviving in small quarters, and also people cluttered on top of stuffs. Products say for example a raised bed with a lot of space for storage underneath and folding chairs held on a wall might 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 become popular all over the world, specifically in Europe and The United States.
Mass customization furniture (MCF): A trend increasingly popular recently. It shows the capability from the supplier to supply customised products or services at quick responsiveness through flexible processes in high volumes, and at costs comparable to standardised mass products.
Natural variations: The brand new American classic with simplicity designs is arriving back. Furniture featured with clean lines as well as a visible sign of hand workmanship is popular in america. Wood species such as cherry, white oak, maple and pine are well-liked from the customers. The concept of mixed materials is developing. By making 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 concept of bringing the globe into our residence is catching on and the cultures in other parts on the planet in obtaining reflected in the appearance of bar stool HK. For instance, an even more Zen-like interior space can be found in Asian inspired furniture.