The furniture and furnishing marketplace is a manufacturing sector in Hong Kong by using a long history. It includes the creation of household, office and kitchen furniture, and also mattresses, bedding and areas of furniture. A vast number of raw materials are used in production, including wood, rattan, plastic and metal. Among others, Furniture shop in Hong Kong may be 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 focus on 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 begun to develop their particular brands. Furniture manufacturers also be more careful about choosing raw materials to fulfill international standards, including compliance with legal or another environmental requirements with their target markets.
Green furnishings are a significant product trend. As a result of the increasing awareness about environmental protection and a lot more stringent legal requirements worldwide, furniture manufacturers are more cautious in selecting the types of materials for production. Some manufacturers are adopting a de-materialisation approach by designing furniture which uses less material. Furniture painting must also be green.
Hong Kong’s furniture manufacturers embark on the production of a wide array of products including household, office and kitchen furniture, as well as mattresses, bedding and areas of furniture.
Most of the manufacturing activities of the furniture industry are now performed on the Chinese mainland. Using the head office in Hong Kong, acting being a controlling office principally in charge of high value-added services such as management, finance, accounting and marketing, production plants have been create about the Chinese mainland to utilise the main advantage of lower operation cost.
A wide variety of raw materials are being used in production, including wood, rattan, plastic and metal. And others, wooden furnishings are the main production and exports in the industry. It provides furniture in rosewood and black-wood, especially wooden tables, chairs and wardrobes. To a lot of Hong Kong furniture manufacturers, Asian countries are the major method to obtain raw materials. As an example, wood is principally sourced from Malaysia and Thailand, while Indonesia is definitely the major supplier of rattan.
On the retail side, chain stores and hypermarkets are the most common sales channels in Canada And America. In Japan, imported furniture is mainly bought from specialty stores along with shops. During these mature markets, buyers increasingly source furniture right from manufacturers, while some still purchase through agents and distributors. Specialised furniture districts or departmental stores 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. By way of 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 own personal retail stores in overseas markets, particularly in the mainland, for example, Lamex, Four Seas Furniture and Dickson Furniture have set up subsidiaries, branch offices and sales outlets in major Chinese cities to facilitate domestic sales.
Low to medium-end goods are often available in 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 might also appoint sales agents to produce overseas markets.
Levels of competition are keen within the furniture industry. A lot of companies strive to reduce their value of production and increase efficiency. Some relocate their manufacturing operations to 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 started to develop their particular brands. Notable examples include mattress manufacturers marketing their particular brands inside the local and overseas markets. Furniture manufacturers also become more careful about the option of raw materials to fulfill international standards, for example compliance with legal or any other environmental requirements within their target markets.
The Chinese mainland is the largest furniture exporter to numerous countries, like 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 even the US have also create production plants in the mainland.
China also provides 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, as well as other higher-end products. In 2015, the complete retail sales of Wood furniture 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 behave as a platform for these companies to get in the mainland market featuring its long-time experience in production and distribution network in the mainland, plus 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 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, for instance, the steadiness, strength and in many cases 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 minimize harmful gas emissions from interiors, which would hinder the usage of materials.
The Usa is imposing anti-dumping duties on wooden bedroom accessories from China. Typically the dumping margins range from .83% to 216.01%. In May 2008, america approved legislation that significantly tightens the requirements to the importation of plant and plant products, including products made from wood. Importers have to file a declaration upon importation containing (i) the scientific name of the plant (such as the genus and species) contained in the importation, (ii) a description in the value and quantity (for example the unit of measure) from the importation and (iii) the name of the country 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 standard for formaldehyde emissions from related wood products for sale in the usa.
Green furniture: On account of the increasing awareness about environmental protection plus more stringent legal requirements worldwide, furniture manufacturers are definitely more cautious in picking the types of materials for production. For instance, they normally use fabrics that do not emit toxic fumes from the production process, like polypropylene. So that you can reduce the consumption of wood, some alternative materials are used because 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 uses less material. Furniture painting must also be environmentally friendly.
Multi-functionality: More flexible, functional and smaller furniture which incorporates multiple function is popular. The requirement for this particular furnishings are not limited to people living in small quarters, but additionally people cluttered track of stuffs. Products like a raised bed with plenty of storage area underneath and folding chairs hung on a wall will 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 gained popularity worldwide, specifically in Europe and The United States.
Mass customization furniture (MCF): A trend ever more popular recently. It shows the capability in the supplier to deliver customised services or products at quick responsiveness through flexible processes in high volumes, as well as costs just like standardised mass products.
Natural variations: The new American classic with simplicity designs is originating back. Furniture featured with clean lines and a visible manifestation of hand workmanship is popular in the united states. Wood species for example cherry, white oak, maple and pine are very-liked by the customers. The idea of mixed materials is developing. Through the use of raw materials or simulation production techniques, manufacturers can provide more interesting mixtures of materials to supply an original collection.
Globally inspired design: The thought of bringing the planet into our home is catching on and the cultures in other regions of the world in acquiring reflected in the design of Office chairs Hong Kong. For instance, a more Zen-like interior space may be found in Asian inspired furniture.