The furniture and furnishing industry is a manufacturing sector in Hong Kong having a long history. It includes producing household, office and kitchen furniture, in addition to mattresses, bedding and parts of furniture. An enormous number of raw materials are utilized in production, including wood, rattan, plastic and metal. Amongst 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 specialize in the output of higher-end set furniture for hotels, offices and other property projects under tender-contracts.
Hong Kong’s furniture manufacturers have likewise began to develop their very own brands. Furniture manufacturers also become more careful about choosing raw materials to fulfill international standards, like compliance with legal or another environmental requirements with their target markets.
Green furnishings are a serious product trend. Due to the increasing awareness about environmental protection and 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 must also be green.
Hong Kong’s furniture manufacturers engage in the production of an array of products including household, office and kitchen furniture, in addition to mattresses, bedding and areas of furniture.
A lot of the manufacturing activities from the furniture industry are actually completed about the Chinese mainland. With all the head office in Hong Kong, acting like 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 the like, wooden furnishings are the key production and exports of the industry. It contains 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. As an example, 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 typically the most popular sales channels in North America. In Japan, imported furniture is mainly available in specialty stores along with shops. Over 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 on the Chinese mainland for both 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 own personal stores in overseas markets, particularly in the mainland, for instance, Lamex, Four Seas Furniture and Dickson Furniture have set up subsidiaries, branch offices and sales outlets in leading Chinese cities to facilitate domestic sales.
Low to medium-end products are often bought from hypermarkets. For standard products such as 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 produce overseas markets.
Levels of competition are keen within the furniture industry. A lot of companies strive to lessen their expense 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 have did start to develop their very own brands. Notable these include mattress manufacturers marketing their own brands inside the local and overseas markets. Furniture manufacturers also be more careful about the choice of raw materials to fulfill international standards, for example compliance with legal or other environmental requirements within their target markets.
Chinese People mainland will be the largest furniture exporter to numerous countries, like the US and Japan Guangdong province is a major manufacturing centre of furniture about the Chinese mainland. Besides Hong Kong, manufacturers from Taiwan and even the usa also have create production plants around the mainland.
China now 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 requirement for both residential and hotel furniture, and also other higher-end products. In 2015, the complete 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 business partners in China to explore opportunities of creating production or sales operations in China. Hong Kong can serve as a platform for these companies to penetrate the mainland market with its long-time experience of production and distribution network about the mainland, along with the good 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, 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, by way of example, the steadiness, 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 and lower harmful gas emissions from interiors, which could hinder the use of materials.
The United States is imposing anti-dumping duties on wooden bedroom furniture from China. Typically the dumping margins range from .83% to 216.01%. In May 2008, the usa approved legislation that significantly tightens the requirements to the importation of plant and plant products, including products made of wood. Importers are required to file a declaration upon importation that contains (i) the scientific name associated with a plant (for example the genus and species) included in 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 nation from where 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 typical for formaldehyde emissions from related wood products accessible in the US.
Green furniture: On account of the increasing awareness about environmental protection and much more stringent legal requirements worldwide, furniture manufacturers are more cautious when choosing the type of material for production. For instance, they prefer fabrics which do not produce toxic fumes in the production process, for example polypropylene. As a way to reduce the consumption of wood, some alternative materials are utilized in view of environmental concerns. Some manufacturers are also 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 also needs to be eco friendly.
Multi-functionality: More flexible, functional and smaller furniture which incorporates more than one function is popular. The interest in this kind of furnishings are not limited by people living in small quarters, but additionally people cluttered on top of stuffs. Products like a raised bed with plenty of storage area underneath and folding chairs hung on a wall might help provide storage solution and free space on to the floor.
Ready-to-assemble (RTA) and Do-it-yourself (DIY) furniture: RTA and DIY furniture and home furnishing products have became popular worldwide, especially in Europe and The United States.
Mass customization furniture (MCF): A trend more popular then ever recently. It shows the capacity in the supplier to offer customised products at quick responsiveness through flexible processes in high volumes, as well as costs much like standardised mass products.
Natural variations: The new American classic with simplicity designs is arriving back. Furniture featured with clean lines as well as a visible indication of hand workmanship is popular in the US. Wood species for example cherry, white oak, maple and pine are well-liked through the customers. The thought of mixed materials is developing. By making use of raw materials or simulation production techniques, manufacturers will offer more interesting mixtures of materials to provide an original collection.
Globally inspired design: The thought of bringing the world into our home is catching on and also the cultures in other places around the world in obtaining reflected in the appearance of bar stool HK. For example, a far more Zen-like interior space are available in Asian inspired furniture.