Since last August, the price of timber has gradually increased.
For example, from last year to this year, the import of black rosewood timber increased by about 27% per m³.
Due to the rise of timber price, some small furniture factories have to close down. Large furniture enterprises rely on inventory to maintain.
The main reasons for the rise in timber prices are COVID-19 and sea freight:
1. As the situation of COVID-19 in foreign countries has not been controlled, the output of timber has decreased.
2.Due to the shortage of containers, the freight cost increased.
In the future, after the situation of COVID-19 control improves, the production capacity will expand, and the price may drop slightly. But the long-term bullish trend will not change.
In order to cope with the rising price of wood, some furniture factories are widely using metal materials to replace wood.
From the furniture exhibition in March this year, light luxury furniture is the most popular furniture style. Light luxury furniture uses a lot of metal to replace the previous wood, which will reduce the dependence on wood to a certain extent. At the same time, furniture enterprises can obtain better market sales.
Reducing dependence on wood is also a major trend in the furniture industry.
