Affected by the recent revision of the Convention on International Trade in Endangered Species of Wild Fauna and Flora (also known as the CITES Convention), the mahogany market has experienced ups and downs, with the highest increase of 30% during the year. Industry experts suggest that the long-term investment situation of mahogany furniture is optimistic, but the risk of short-term trends is greater, and you need to be cautious when starting.
Industry insiders believe that in the future international trade, the 7 types of mahogany timber listed for protection will be extremely difficult to purchase, and the domestic mahogany furniture industry will face an increasingly severe crisis of raw materials, especially high-grade red rosewood raw materials.
Convention revision boost
Redwood price turbulence
It is understood that on June 12 this year, the newly revised "International Convention on International Trade in Endangered Species of Wild Fauna and Flora" (also known as the CITES Convention) entered into force. Affected by this, some raw material imports of rosewood will be further restricted, making domestic rosewood prices have experienced a wave of increase recently.
The newly revised Convention on International Trade in Endangered Species of Wild Fauna and Flora came into effect on June 12. According to the Convention, 7 of the 33 species of mahogany national standard are listed as endangered animals and plants for protection, including Brazilian black Dalbergia is listed in Appendix I, prohibiting commercial international trade; sandalwood red sandalwood (commonly known as small leaf red sandalwood), Jiaohuang yellow 6 species of sandalwood (commonly known as Laos red rosewood), Central American Dalbergia, Dalbergia sibiricum, Belize Dalbergia and Luss black Dalbergia (commonly known as Dalbergia grandiflora) are listed in Appendix II. Certificate or re-export certificate before conducting international trade.
The reporter checked the Yuzhu · China Timber Price Index and found that in the first quarter of this year, the mahogany market still fell, but by June it bottomed out. The monthly index of the mahogany category reported 133.44 points, up 5.88 points month-on-month, or 4.61%. Then prices fell slightly in July.
Some people in the Pearl River Delta industry said that the price drop in July was due to the fact that many businesses were optimistic about the mid-to-high-end market, and they had a lot of hoarding goods. They threw a part in July, but the high-end red rosewood rose by 30% -50%, while the traditional Mid-Autumn Festival and Before and after the Spring Festival, it will be a peak sales season. The prices of the mid-to-high-end rosewood market have fallen for a year or two. Companies in the market generally believe that they will continue to rise in the near future and are expanding the market.
Taking the old red rosewood listed as an endangered species as an example, because the Convention prohibits logging, implements controls, and restricts import and export trade, the supply of old red rosewood material, which was already scarce, has worsened and the supply of goods is insufficient.
An industry source said that in the past month or so, the old red rosewood material market has staged the same price as the 2007 Vietnam Huanghua pear material supply, with a price per day. In addition to the old customers who bought old red rosewood materials for furniture, off-site funds have also poured into buying valuable materials.
The long-term investment situation is optimistic
Short-term investment still needs to be cautious
The argument that "floating a building is worse than speculating furniture", "saving money is better than saving redwood", and "buying redwood is more robust than stocks" has become very popular in recent years. After 2000, mahogany furniture was valued by investors and gradually became a popular investment product.
In the long run, taking rosewood logs as an example, it was 50,000 yuan / ton in 2001 and 1 million yuan / ton to 1.2 million yuan / ton in 2013, an increase of more than 20 times. But compared with Hainan Huanghua Pear, it is really far away.
Because the mahogany has the characteristics of high hardness, high density, good stability, strong oiliness, beautiful patterns, and strong carving expression, the real mahogany furniture can even be used for hundreds of years or thousands of years, which is durable. And because mahogany furniture was an item of royal nobility in ancient times, it has always been regarded by the Chinese as a symbol of grade, identity and taste.
Some people in the industry believe that mahogany furniture is very precious and cannot be regenerated within a short period of time, especially Hainan, Vietnam Huanghua pear, red leaf sandalwood, old red rosewood and other precious materials of traditional Chinese furniture, after hundreds of years or even one It takes more than a thousand years to become a timber. Through the elaborate design of this precious wood, the production of fine arts and artworks rich in artistic gold content will have a high investment and collection value.
However, in the face of the current state of investment in mahogany furniture, there are also different voices. Some experts pointed out that the current mahogany furniture market is uneven, the investment group is not rational and there is a herding effect, and redwood investment should not blindly follow suit.
It is understood that on the one hand, the price increase of mahogany furniture is due to the convention introduced in June, which classifies some mahogany varieties as endangered species, restricting exports, and raising the price of raw materials; on the other hand, there are also some people who take the opportunity to speculate. Some people monopolize part of the wood from the source, and then raise the price to sell it. Because of the high cost of mahogany furniture, limited recycling channels, and slow realization, ordinary investors should remain rational, otherwise they will easily fall into their hands.
It is understood that there is currently very little mahogany furniture on the market that is truly collectible. Less than 20% of the investment and collection of mahogany furniture is not only good wood, but also the shape, craftsmanship and charm of the furniture. The price difference of mahogany furniture in the market is large. The same factory, the same piece of wood, the same style, and different craft levels will also make the furniture value different.
Pu Anguo, a senior adviser to the Traditional Furniture Professional Committee of the China Furniture Association, once suggested that you should not simply go to the mahogany furniture market with the spirit of investing to make money. He believes that mahogany furniture is first of all its use function. Consumers should choose their own furniture according to their living environment and economic conditions when purchasing mahogany furniture.
"Don't be fooled by merchants." He said, "Mahogany furniture can invest in appreciation, and there are many elements of merchant hype. The lack of craftsmanship and art level of mahogany furniture does not meet the collection conditions, not only will not appreciate, with the mahogany furniture As the boutique market matures, many inferior mahogany furniture will only depreciate today. Furniture without artistic value has no collection value. If the mahogany furniture appreciates because of the increase in materials, then you might as well buy wood directly as an investment. " (Internship editor days)
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