Mahogany furniture lecture held: revealing the trend of the mahogany market

Mahogany Furniture Lecture Unveils Market Trends

Last Sunday, the Yangzi Evening News Redwood Fan Club hosted an informative lecture on mahogany furniture, exploring its current market trends and value. Experts such as Professor Xu Kuizhen from the Institute of Wood Science at Nanjing Forestry University and Dr. Wu Bian, Deputy Secretary General of the Hongmu Branch of the China Forest Industry Association, shared insights into the material value and market dynamics of different types of mahogany furniture. Following the session, the Nanjing Redwood Tasting Center and Mingkexuan Redwood distributed a "Redwood Furniture Cost White Paper" to members, offering personalized guidance for enthusiasts interested in learning more about this unique craft.

The reporter learned that since last June, the mahogany furniture market has been facing uncertainty, with prices fluctuating unpredictably. One of the main reasons behind the price surge is the hype around raw logs. The Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) has listed seven out of the 33 redwood species, significantly increasing trade restrictions. This regulation directly led to a sharp rise in timber prices. For example, Laos red rosewood, commonly used in furniture, nearly doubled in price, reaching up to 300,000 yuan per ton. Similarly, Burmese huanghuali, often considered an alternative, saw its value quadruple.

The rapid increase in wood prices has directly impacted finished products, causing many mahogany traders to hold onto their inventory at home. Some board prices have even doubled. “In the short term, the market hasn’t had time to adjust, which poses hidden risks for the rational consumer market,” said Dr. Wu. He explained that the controlled origin of raw material mining and reduced exports have made the experience of buying mahogany furniture similar to purchasing jade. In fact, like jade, mahogany furniture now faces a strange situation where “flour is more expensive than bread.”

Dr. Wu also warned that the current mahogany furniture industry is full of both genuine experts and unqualified players. Those without professional knowledge are advised to seek expert help. They can also follow the activities of the Yangzi Evening News to learn the basics of wood identification and gain the ability to assess the value of mahogany furniture. Additionally, members of the newspaper club will have access to exclusive opportunities to purchase “naked price” brand furniture. It’s a great chance for newcomers to start exploring the world of mahogany with confidence.

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