As a component of the social material culture, Chinese traditional furniture embodies strong national ideas and concepts. With the rising living standards of the people in the country, people’s demand for traditional furniture is increasing and the market scale is also expanding. According to relevant department statistics, during the period from January to June 2010, the total export value of wooden furniture in China reached 47.62525 million U.S. dollars, an increase of 49.32% over the same period of the previous year.
At present, the mahogany furniture market mainly uses yellow pears, red sandalwood and red rosewood as the main materials, while the high price of mahogany has clearly defined the status quo of high-end consumer groups. According to relevant reports, some of the antique furniture items auctioned at the auction have taken similar prices as antique furniture. In August 2010, China United's furniture-based “Jiang Shan Duo Jiao†auctioned a price of over 100 million yuan, breaking the highest turnover of furniture maintained by antique furniture, and setting a new world record for contemporary mahogany furniture prices.
It can be seen that the market demand for mahogany furniture is still very strong, and some high-end antique furniture shows great potential in the value of collection investment. In stark contrast to the market's heat needs, the price of mahogany raw materials required by the furniture industry in 2010 has risen in different ranges compared to 2009. Laos's red rosewood material is the fastest rising rate in 2010. At present, the round material with a diameter of 10 centimeters is 4 to 50,000 yuan per ton, and the diameter of 30 centimeters to 40 centimeters is between 150,000 to 170,000 yuan per ton. Yuan, which rose more than 120%. Even if the current price of Burmese rosewood is relatively low, the price per ton is around 1.3 million. The increase in raw material prices indicates that the price of mahogany furniture will also maintain a steady upward trend in 2011.
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