The furnishings and furnishing marketplace is a manufacturing sector in Hong Kong by using a long history. It provides the creation of household, office and kitchen furniture, along with mattresses, bedding and aspects of furniture. An extensive assortment of raw materials are utilized in production, including wood, rattan, plastic and metal. Amongst others, Furniture shop in Hong Kong is the major production and exports in the industry.
Hong Kong companies have strong design capability, while accommodating themselves to OEM orders from overseas buyers. Some specialise in the output of higher-end set furniture for hotels, offices and also other real estate projects under tender-contracts.
Hong Kong’s furniture manufacturers have likewise started to develop their very own brands. Furniture manufacturers also become more careful about the option of raw materials to satisfy international standards, including compliance with legal or other environmental requirements inside their target markets.
Green furniture is an important product trend. Due to the increasing awareness about environmental protection and much more stringent legal requirements worldwide, furniture manufacturers will be more cautious in 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 eco friendly.
Hong Kong’s furniture manufacturers participate in the creation of an array of products including household, office and kitchen furniture, as well as mattresses, bedding and aspects of furniture.
Many of the manufacturing activities from the furniture industry are actually conducted about the Chinese mainland. Using the head office in Hong Kong, acting as a controlling office principally in charge of high value-added services like management, finance, accounting and marketing, production plants have already been create in the Chinese mainland to utilise the main advantage of lower operation cost.
A wide variety of raw materials are employed in production, including wood, rattan, plastic and metal. Amongst others, wooden furniture is the main production and exports in the industry. It offers furniture in rosewood and black-wood, especially wooden tables, chairs and wardrobes. To a lot of Hong Kong furniture manufacturers, Asian countries will be the major source of raw materials. For example, solid wood is principally sourced from Malaysia and Thailand, while Indonesia is definitely the major supplier of rattan.
About the retail side, chain stores and hypermarkets are the most famous sales channels in Canada And America. In Japan, imported furnishings are mainly sold in specialty stores and also stores. In these mature markets, buyers increasingly source furniture from manufacturers, although some still purchase through agents and distributors. Specialised furniture districts or shopping malls are popular around the Chinese mainland for retail and wholesale business.
Many Hong Kong manufacturers produce upon an OEM/ODM grounds for major foreign brands. For instance, JF Household Furnishings Ltd, a listed company in Hong Kong Stock Exchange, is among 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 setup subsidiaries, branch offices and sales outlets in leading Chinese cities to facilitate domestic sales.
Low to medium-end merchandise is often available 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 can also appoint sales agents to build up overseas markets.
Levels of competition are keen inside the furniture industry. Most companies strive to lessen 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 did start to develop their particular brands. Notable these include mattress manufacturers marketing their own brands in the local and overseas markets. Furniture manufacturers also be a little more careful about choosing raw materials to satisfy 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, including the US and Japan Guangdong province is a major manufacturing centre of furniture around the Chinese mainland. Besides Hong Kong, manufacturers from Taiwan and also the united states also have put in place production plants in the mainland.
China also offers a massive potential industry 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, and also other higher-end products. In 2015, the whole retail sales of table Hong Kong products by wholesalers and retailers above a certain 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 putting together production or sales operations in China. Hong Kong can serve as a platform for these particular companies to get into the mainland market having its long-time expertise in production and distribution network in the mainland, along with 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 made in Hong Kong, at the mercy of 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 the 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 minimizing harmful gas emissions from interiors, which may hinder using materials.
The United States 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, america approved legislation that significantly tightens the requirements to the importation of plant and plant products, including products made from wood. Importers must file a declaration upon importation containing (i) the scientific name associated with a plant (including the genus and species) inside the importation, (ii) a description from the value and quantity (for example the unit of measure) of the importation and (iii) the name of the nation from 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 standard for formaldehyde emissions from related wood products for sale in america.
Green furniture: Due to the increasing awareness about environmental protection and a lot more stringent legal requirements worldwide, furniture manufacturers will be more cautious in choosing the types of materials for production. For instance, they prefer fabrics which do not give off toxic fumes within the production process, for example polypropylene. To be able to reduce the consumption of wood, some alternative materials are being 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 must also be green.
Multi-functionality: More flexible, functional and smaller furniture which incorporates more than one function is popular. The interest in this type of furniture is not confined to people living in small quarters, but additionally people cluttered up with stuffs. Products such as a raised bed with a lot of space for storing underneath and folding chairs hung on a wall can 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 all over the world, especially in Europe and Canada And America.
Mass customization furniture (MCF): A trend ever more popular in recent years. It shows the power of the supplier to supply customised products at quick responsiveness through flexible processes in high volumes, and at costs similar to standardised mass products.
Natural variations: The latest American classic with simplicity designs is coming back. Furniture featured with clean lines and a visible manifestation of hand workmanship is popular in the usa. Wood species such as cherry, white oak, maple and pine are-liked by the customers. The concept of mixed materials is developing. By using raw materials or simulation production techniques, manufacturers can provide more interesting combinations of materials to provide a distinctive collection.
Globally inspired design: The notion of bringing the planet into our residence is catching on along with the cultures in other places around the world to get reflected in the design of bar stool HK. For example, a much more Zen-like interior space are available in Asian inspired furniture.