The furnishings and furnishing market is a manufacturing sector in Hong Kong using a long history. It provides producing household, office and kitchen furniture, along with mattresses, bedding and aspects of furniture. A huge assortment of raw materials are utilized in production, including wood, rattan, plastic and metal. And the like, Furniture Hong Kong is 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 focus on the creation of higher-end set furniture for hotels, offices and other property projects under tender-contracts.
Hong Kong’s furniture manufacturers have likewise begun to develop their own personal brands. Furniture manufacturers also become more careful about the choice of raw materials to meet international standards, such as compliance with legal or any other environmental requirements inside their target markets.
Green furnishings are an important product trend. As a result of the increasing awareness about environmental protection plus more stringent legal requirements worldwide, furniture manufacturers tend to be more cautious when choosing the materials for production. Some manufacturers are adopting a de-materialisation approach by designing furniture which utilizes less material. Furniture painting also needs to be green.
Hong Kong’s furniture manufacturers take part in the production of an array of products including household, office and kitchen furniture, along with mattresses, bedding and areas of furniture.
Most of the manufacturing activities of your furniture industry are performed around the Chinese mainland. With all the head office in Hong Kong, acting as being a controlling office principally liable for high value-added services such as management, finance, accounting and marketing, production plants happen to be put in place around the Chinese mainland to utilise the main benefit of lower operation cost.
Numerous types of raw materials are being used in production, including wood, rattan, plastic and metal. Amongst others, wooden furniture is the main production and exports in the industry. It includes furniture in rosewood and black-wood, especially wooden tables, chairs and wardrobes. To many people Hong Kong furniture manufacturers, Asian countries would be the major supply of raw materials. By way of example, solid wood is mainly 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 The United States. In Japan, imported furnishings are mainly purchased in specialty stores as well as shops. Over these mature markets, buyers increasingly source furniture straight from manufacturers, although some still purchase through agents and distributors. Specialised furniture districts or shopping centers are popular on the Chinese mainland for retail and wholesale business.
Many Hong Kong manufacturers produce with 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 amongst the suppliers of IKEA. Many Hong Kong manufacturers established their own personal retail outlets in overseas markets, particularly on the mainland, for 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 products are often sold in 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 could also appoint sales agents to formulate overseas markets.
Levels of competition are keen from the furniture industry. Many companies strive to lessen their value of production and increase efficiency. Some relocate their manufacturing operations to many 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 likewise began to develop their own personal brands. Notable examples include mattress manufacturers marketing their very own brands within the local and overseas markets. Furniture manufacturers also be a little more careful about the option of raw materials to satisfy international standards, including compliance with legal or other environmental requirements in their target markets.
Chinese People mainland is definitely the largest furniture exporter to many countries, for example the US and Japan Guangdong province can be a major manufacturing centre of furniture on the Chinese mainland. In addition to Hong Kong, manufacturers from Taiwan as well as the US also have set up production plants in the mainland.
China also provides an enormous 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, as well as other higher-end products. In 2015, the complete retail sales of table Hong Kong products by wholesalers and retailers above a definite scale in China grew 16.1% to RMB244.5 billion. Some foreign companies are actively looking for business partners in China to explore opportunities of creating production or sales operations in China. Hong Kong can serve as a platform of these companies to get in the mainland market having its long-time experience with production and distribution network in the mainland, as well as the track record 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 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, for instance, the steadiness, strength and even 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 and lower harmful gas emissions from interiors, which would hinder the application of materials.
America is imposing anti-dumping duties on wooden bedroom furniture from China. Currently the dumping margins cover anything from .83% to 216.01%. In May 2008, the united states approved legislation that significantly tightens the prerequisites to the importation of plant and plant products, including products created from wood. Importers are required to file a declaration upon importation containing (i) the scientific name for any plant (for example the genus and species) within the importation, (ii) a description of your value and quantity (for example the unit of measure) of 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: As a result of the increasing awareness about environmental protection and a lot more stringent legal requirements worldwide, furniture manufacturers are definitely more cautious in selecting the materials for production. By way of example, they utilize fabrics that do not emit toxic fumes within the production process, including polypropylene. So that you can reduce the consumption of wood, some alternative materials are used in view of environmental concerns. Some manufacturers are also 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 several function is popular. The requirement for this sort of furniture is not limited to people living in small quarters, but also people cluttered on top of stuffs. Products for instance a raised bed with a lot of storage space underneath and folding chairs held on a wall might help provide storage solution and free space on to the ground.
Ready-to-assemble (RTA) and Do-it-yourself (DIY) furniture: RTA and DIY furniture and home furnishing products have become popular around the world, specifically in Europe and Canada And America.
Mass customization furniture (MCF): A trend more popular then ever recently. It shows the ability from the supplier to provide customised services or products at quick responsiveness through flexible processes in high volumes, and also at costs comparable to standardised mass products.
Natural variations: The newest American classic with simplicity designs is arriving back. Furniture featured with clean lines and a visible manifestation of hand workmanship is popular in the US. Wood species including cherry, white oak, maple and pine are very-liked with the customers. The very idea of mixed materials is developing. Through the use of raw materials or simulation production techniques, manufacturers may offer more interesting combinations of materials to offer a distinctive collection.
Globally inspired design: The concept of bringing the globe into our home is catching on as well as the cultures in other regions of the world in obtaining reflected in the style of Office chairs Hong Kong. As an example, a more Zen-like interior space can be obtained from Asian inspired furniture.