The downturn in the mahogany market will be brought about by a new government regulation.
Recently, the National Standard for General Technical Conditions of Redwood Furniture (hereinafter referred to as the “New National Standardâ€) promulgated by the General Administration of Quality Supervision, Inspection and Quarantine and the National Standardization Administration Committee will be officially implemented on August 1. The previous mahogany furniture standard has been implemented for 11 years, and many standards are not clear. The new national standard mainly contains ten items of terminology, definitions, requirements, quality, and test methods of mahogany furniture. For the first time, the definition of mahogany furniture is clearly defined and standardized, and the name of the tree species in which the product is mainly used is specified. To name and identify mahogany furniture.
It is worth noting that the new national standard also clearly stipulates that each piece of mahogany furniture must be accompanied by a “born paper†and “a mahogany furniture product quality express cardâ€. The contents of the card include at least the product execution standard, product classification, product name, product model, Specifications, date of manufacture, main materials for the product, product finishing and decoration process, product warranty and product delivery information (manufacturer or distributor). This provision is for the purchase of mahogany furniture, once you find that the mahogany furniture you purchased is "not right", you can use the "Redwood Furniture Product Quality Express Card" as evidence of appeals and claims. For the mixed mahogany furniture market, it will undoubtedly promote the confidence of consumers. In addition, Chinese mahogany materials are basically dependent on imports, while the price of international mahogany materials has not fallen. For example, the prices of mahogany origins such as Laos and Vietnam have not only declined, tariffs have been raised, and raw material costs have actually increased. Many merchants are now selling inventory, and when the inventory is sold out, it is sure to purchase the goods, and the price will naturally rise up. The increase in production and distribution costs has also made the mahogany furniture industry only cut prices in the short term.
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