The furnishings and furnishing marketplace is a manufacturing sector in Hong Kong using a long history. It provides producing household, office and kitchen furniture, and also mattresses, bedding and parts of furniture. A huge selection of raw materials are employed in production, including wood, rattan, plastic and metal. Among others, Furniture 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 specialise in the production of higher-end set furniture for hotels, offices and also other real estate projects under tender-contracts.
Hong Kong’s furniture manufacturers have began to develop their own brands. Furniture manufacturers also become more careful about deciding on a raw materials to satisfy international standards, like compliance with legal or any other environmental requirements with their target markets.
Green furniture is a significant product trend. Due to the increasing awareness about environmental protection and much more stringent legal requirements worldwide, furniture manufacturers tend to be more cautious in choosing the types of materials for production. Some manufacturers are adopting a de-materialisation approach by designing furniture which utilizes less material. Furniture painting also needs to be environmentally friendly.
Hong Kong’s furniture manufacturers embark on the creation of a wide array of products including household, office and kitchen furniture, in addition to mattresses, bedding and areas of furniture.
Most of the manufacturing activities from the furniture industry are now carried out on the Chinese mainland. With the head office in Hong Kong, acting being a controlling office principally responsible for high value-added services including management, finance, accounting and marketing, production plants have already been set up on the Chinese mainland to utilise the main advantage of lower operation cost.
A multitude of raw materials are employed in production, including wood, rattan, plastic and metal. And others, wooden furnishings are the most important production and exports of the industry. It includes 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 supply of raw materials. For instance, wood is primarily sourced from Malaysia and Thailand, while Indonesia is the major supplier of rattan.
On the retail side, chain stores and hypermarkets are the most common sales channels in The United States. In Japan, imported furnishings are mainly purchased in specialty stores and also shops. Over these mature markets, buyers increasingly source furniture directly from manufacturers, while many still purchase through agents and distributors. Specialised furniture districts or shopping malls are popular on the Chinese mainland for both retail and wholesale business.
Many Hong Kong manufacturers produce upon an OEM/ODM basis for major foreign brands. For instance, 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 retail outlets in overseas markets, particularly around the mainland, for example, Lamex, Four Seas Furniture and Dickson Furniture have set up subsidiaries, branch offices and sales outlets in main Chinese cities to facilitate domestic sales.
Low to medium-end items are often available in 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 can also appoint sales agents to produce overseas markets.
Level of competition is keen in the furniture industry. A lot of companies strive to lower their value of production and increase efficiency. Some relocate their manufacturing operations to other areas with lower operation cost. Some foreign manufacturers are taking steps to boost their domestic production through product specialisation.
Hong Kong’s furniture manufacturers have also began to develop their very own brands. Notable examples include mattress manufacturers marketing their very own brands inside the local and overseas markets. Furniture manufacturers also be more careful about deciding on a raw materials in order to meet international standards, like compliance with legal or any other environmental requirements in their target markets.
Chinese People mainland may be the largest furniture exporter to many countries, for example the US and Japan Guangdong province is actually a major manufacturing centre of furniture in the Chinese mainland. Apart from Hong Kong, manufacturers from Taiwan and also the united states have also setup production plants around the mainland.
China also provides a massive potential industry for furniture manufacturers. The increasing consumption power of Chinese people, its property market development and promising tourist industry serve to drive the interest in both residential and hotel furniture, together with 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 seeking for partners in China to learn opportunities of putting together production or sales operations in China. Hong Kong can work as a platform of these companies to enter the mainland market using its long-time experience in production and distribution network in the mainland, along with 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 produced in Hong Kong, subjected 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 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 check minimizing harmful gas emissions from interiors, which would hinder the use of materials.
The United States is imposing anti-dumping duties on wooden bedroom accessories from China. Currently the dumping margins range from .83% to 216.01%. In May 2008, the usa approved legislation that significantly tightens the prerequisites for that importation of plant and plant products, including products manufactured from wood. Importers must file a declaration upon importation which has (i) the scientific name of any plant (including the genus and species) included in the importation, (ii) a description from the value and quantity (such as the unit of measure) in the importation and (iii) the name of the nation 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 accessible in america.
Green furniture: Due to the increasing awareness about environmental protection and a lot more stringent legal requirements worldwide, furniture manufacturers are definitely more cautious in picking the types of materials for production. As an example, they utilize fabrics that do not emit toxic fumes in the production process, such as polypropylene. In order to reduce the consumption of wood, some alternative materials are employed because of environmental concerns. Some manufacturers may also be 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 multiple function is popular. The interest in this sort of furniture is not limited to people located in small quarters, and also people cluttered on top of stuffs. Products such as a raised bed with a lot of space for storage underneath and folding chairs hung 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 became popular all over the world, specially in Europe and North America.
Mass customization furniture (MCF): A trend popular lately. It shows the capability of your supplier to supply customised services or products at quick responsiveness through flexible processes in high volumes, and also at costs much like standardised mass products.
Natural variations: The new American classic with simplicity designs is arriving back. Furniture featured with clean lines and a visible symbol of hand workmanship is popular in the usa. Wood species for example cherry, white oak, maple and pine are well-liked through the customers. The very idea of mixed materials is developing. By using raw materials or simulation production techniques, manufacturers can provide more interesting mixtures of materials to supply a distinctive collection.
Globally inspired design: The concept of bringing the planet into our residence is catching on as well as the cultures in other regions around the globe in obtaining reflected in the design of Office chairs Hong Kong. For instance, a far more Zen-like interior space can be obtained from Asian inspired furniture.