Redwood furniture import and export price difference is very thought-provoking

Recently, the import and export data released by the customs show that the import volume and total value of mahogany furniture in the first three quarters of this year have increased, while the export data of both have shown a downward trend; Both increased, but the difference in absolute price is larger.

It is reported that in the first three quarters of this year, China's imports of mahogany furniture were 35,000 pieces, an increase of 151.8% compared with 13900 pieces last year; the total value was US$6.126 million, an increase of 206.76% over the same period last year of US$1.997 million; The average unit price of imports was $175.03 per piece, an increase of 21.83% from $143.67 in the same period last year. The export volume of mahogany furniture was 392,600, a decrease of 17.4% compared with last year; the total value was US$9,068,600, a decrease of 6.7% compared with US$9,514,400 in the same period last year; the average export unit price was US$98.2. This is an increase of 12.96% from $86.99 in the same period last year.

Insiders analyzed that the changes in the import and export situation of China's redwood furniture are closely related to China's economic policy orientation. Last year, China reduced the export tax rebate for furniture, banned the export of mahogany furniture produced from domestic mahogany resources, and at the same time encouraged the import of resource products and implemented a zero-tariff policy on wooden furniture. Judging from the situation of China's wooden furniture import and export this year, the implementation of these policies has seen results. The increase in the number of imports and the decrease in the number of exports is a good thing, which is conducive to protecting the endangered redwood resources in our country. But at the same time, we must also see the reality that the mahogany furniture, which is known as China’s national quintessence, sold only US$98.2 for the average unit price of exports this year, while the average price of imported mahogany furniture from abroad reached US$175.03, which is higher than that of China. Nearly doubled.

The industry believes that mahogany furniture is a national traditional product of China, but has not yet become a top product on the international market. Lack of internationally influential brand effects, high-tech and low-tech, low-credit, high-assurance and high-assurance sales channels, etc. These factors are important reasons for restricting the further development of China's mahogany furniture in the international market. .

Precious resources, traditional techniques, and hand-crafted craftsmanship, but only sell the price of third-rate furniture in the international market, which is really worthy of reflection in China's mahogany furniture industry.

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