The furnishings and furnishing sector is a manufacturing sector in Hong Kong using a long history. It contains the production of household, office and kitchen furniture, as well as mattresses, bedding and elements of furniture. A huge assortment of raw materials are being used in production, including wood, rattan, plastic and metal. And the like, Furniture hk 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 are experts in the creation of higher-end set furniture for hotels, offices along with other real estate property projects under tender-contracts.
Hong Kong’s furniture manufacturers have also started to develop their particular brands. Furniture manufacturers also be more careful about the choice of raw materials in order to meet international standards, including compliance with legal or another environmental requirements in their target markets.
Green furnishings are a major product trend. On account of the increasing awareness about environmental protection and much more stringent legal requirements worldwide, furniture manufacturers tend to be more cautious when choosing the type of material 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 engage in producing a variety of products including household, office and kitchen furniture, as well as mattresses, bedding and aspects of furniture.
A lot of the manufacturing activities of the furniture industry are performed around the Chinese mainland. With the head office in Hong Kong, acting like a controlling office principally accountable for high value-added services like management, finance, accounting and marketing, production plants happen to be set up in the Chinese mainland to utilise the main benefit of lower operation cost.
Numerous types of raw materials are utilized in production, including wood, rattan, plastic and metal. And others, wooden furnishings are the key production and exports in the industry. It offers furniture in rosewood and black-wood, especially wooden tables, chairs and wardrobes. To many Hong Kong furniture manufacturers, Asian countries would be the major way to obtain raw materials. For example, solid wood is primarily sourced from Malaysia and Thailand, while Indonesia is definitely the major supplier of rattan.
Around the retail side, chain stores and hypermarkets are the most popular sales channels in The United States. In Japan, imported furniture is mainly purchased in specialty stores in addition to stores. Over 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 on the Chinese mainland for retail and wholesale business.
Many Hong Kong manufacturers produce upon an OEM/ODM basis for major foreign brands. For 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 particular stores in overseas markets, particularly in the mainland, for example, Lamex, Four Seas Furniture and Dickson Furniture have setup subsidiaries, branch offices and sales outlets in main Chinese cities to facilitate domestic sales.
Low to medium-end products are often purchased in hypermarkets. For standard products like garden chairs, folding chairs, shoes racks and mattresses, Hong Kong manufacturers mainly depend on trading firms, foreign buying offices stationed in Hong Kong. They may also appoint sales agents to formulate overseas markets.
Level of competition is keen within the furniture industry. Many companies strive to reduce their price of production and increase efficiency. Some relocate their manufacturing operations to many other areas with lower operation cost. Some foreign manufacturers take steps to strengthen their domestic production through product specialisation.
Hong Kong’s furniture manufacturers have likewise began to develop their very own brands. Notable these include mattress manufacturers marketing their particular brands from the local and overseas markets. Furniture manufacturers also become more careful about choosing raw materials in order to meet international standards, such as compliance with legal or other environmental requirements within their target markets.
The Chinese mainland will be the largest furniture exporter to a lot of countries, such as the US and Japan Guangdong province is really a major manufacturing centre of furniture in the Chinese mainland. In addition to Hong Kong, manufacturers from Taiwan and also the US have create production plants in the mainland.
China also provides a massive potential niche for furniture manufacturers. The increasing consumption power of Chinese people, its property market development and promising tourist industry help to drive the need for both residential and hotel furniture, along with other higher-end products. In 2015, the total 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 searching for business partners in China to discover opportunities of setting up production or sales operations in China. Hong Kong can act as a platform for these particular companies to enter the mainland market having its long-time experience of production and distribution network on the mainland, as well as 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 created in Hong Kong, subjected to CEPA’s rules of origin, enjoy duty-free access to the Chinese mainland.
Exports of furniture are subject to relevant safety and environmental requirements. Safety requirements include, for instance, the stability, strength and in many cases 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 check and lower harmful gas emissions from interiors, which would hinder the usage of materials.
The US is imposing anti-dumping duties on wooden bedroom furniture from China. Currently the dumping margins vary from .83% to 216.01%. In May 2008, the united states approved legislation that significantly tightens the requirements for your importation of plant and plant products, including products made of wood. Importers have to file a declaration upon importation containing (i) the scientific name of any plant (such as the genus and species) included in the importation, (ii) a description from the value and quantity (such as the unit of measure) of the importation and (iii) the name of the country that 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 for sale in the US.
Green furniture: Due to the increasing awareness about environmental protection and a lot more stringent legal requirements worldwide, furniture manufacturers are more cautious in selecting the materials for production. For example, they prefer fabrics that do not produce toxic fumes from the production process, like polypropylene. To be able to reduce the consumption of wood, some alternative materials are employed in view of environmental concerns. Some manufacturers will also be making furniture from recycled products, for example 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 environmentally friendly.
Multi-functionality: More flexible, functional and smaller furniture which incorporates several function is popular. The interest in this kind of furnishings are not limited by people surviving in small quarters, but also people cluttered track of stuffs. Products such as a raised bed with a lot of space for storing underneath and folding chairs held on a wall can 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 become popular around the world, particularly in Europe and America.
Mass customization furniture (MCF): A trend ever more popular in recent times. It shows the capacity of your supplier to offer customised products or services at quick responsiveness through flexible processes in high volumes, as well as at costs just like standardised mass products.
Natural variations: The newest American classic with simplicity designs is originating back. Furniture featured with clean lines as well as a visible manifestation of hand workmanship is popular in the united states. Wood species for example cherry, white oak, maple and pine are-liked with the customers. The idea of mixed materials is developing. By using raw materials or simulation production techniques, manufacturers will offer more interesting mixtures of materials to deliver an exclusive collection.
Globally inspired design: The notion of bringing the world into our home is catching on and the cultures in other areas of the world in getting reflected in the appearance of Dining Chairs Hong Kong. By way of example, a much more Zen-like interior space are available in Asian inspired furniture.