Small excavator, also known as small excavator machinery, small excavator has reliable quality, stable performance, can carry out construction operations in a harsh construction environment, has a wide range of use, has a long service life of the equipment, and can be effectively operated in the field of engineering construction and agriculture. It is powerful and can be operated in rotational excavation, crushing, and timber grabbing. Mini Digger Excavator,Small Excavator Mini Digger,Excavator Mini Small Digger Vibropac Machinery Co.,Ltd , https://www.vibropac-power.com
Furniture product prices will continue to rise Foshan furniture industry or the pursuit of economies of scale
Furniture has always evoked mixed feelings among people, especially in the year 2012, when the furniture industry seemed to be wandering through a cold period. Despite the lack of recovery trends in the industry during 2012, according to incomplete statistics from the Guangdong Furniture Association, the total output value of the Guangdong furniture industry in 2012 could reach 300 billion yuan, accounting for approximately 26% of the national total, showing a year-on-year increase of 7.1%. The average annual growth rate was as high as 15%.
What is the trend of Foshan's furniture industry in the context of the continuous increase in the province’s total sales? Will the price of Foshan furniture rise in the future? According to industry insiders, although the operating area of Foshan furniture stores has been increasing by 20% to 30% annually, the fierce market competition is pushing the furniture industry to shift from pursuing scale speed to scale efficiency. Affected by rising costs, furniture prices are expected to continue to rise this year, possibly between 15% and 20%.
Furniture product prices may continue to rise. The average increase in furniture products last year was about 10%, and industry insiders predicted that due to rising production costs, this year's furniture prices will continue to climb. The increase is expected to be comparable to last year, potentially reaching 15% to 20%.
Zuo Boyang, Honorary Chairman of the Foshan Furniture Industry Association, mentioned that while Foshan has continuously expanded its furniture stores and business areas in recent years, companies still face challenges like rising costs. "Rising raw material prices, higher store rents, and labor costs are the fastest-growing parts. There are also additional costs in the distribution chain, which undoubtedly increase pressure on enterprises, ultimately reflected in the final product prices." Zuo predicted that in 2013, furniture prices would rise by around 15% year-on-year, with some types even increasing by 20%.
In Foshan furniture stores, it can be observed that even at the end of the year, the discounts offered are not significant. At a certain brand in Lecong Furniture City, a salesperson shared that over the past three years, they had noticed that prices were more likely to rise than fall. “At the beginning of the year, products could be discounted by up to 20%, but by the end of the year, only 10% discounts were available. The main reason is that warehouse and mall rents are expensive, and timber prices keep rising, leading to higher product prices.â€
The furniture industry may shift toward economies of scale. According to incomplete statistics from the Guangdong Furniture Association, the total output value of the Guangdong furniture industry in 2012 might have reached 300 billion yuan, accounting for about 26% of the national total, an increase of 7.1% compared to the previous year. The total furniture exports of the province in 2012 were approximately 15.23 billion US dollars, making up about 32% of the national total export, an increase of 2% year-on-year. Domestic sales reached about 200.1 billion yuan, accounting for 23% of the national total domestic furniture sales, with a year-on-year increase of 10.4%.
Under the influence of various unfavorable factors such as real estate regulation, sustained economic slowdown, and anti-dumping measures, what kind of model should the furniture industry adopt? A relevant official from the Guangdong Furniture Association stated that the industry will actively transition from pursuing scale speed to scale efficiency. In 2013, efforts will focus on strengthening domestic demand, expanding third- and fourth-tier markets, and emphasizing domestic products. Meanwhile, the industry will steadily develop exports, actively explore emerging furniture export markets, and gradually enhance independent intellectual property rights and brands in international markets to boost the added value and economic benefits of exported products.
According to predictions from the Guangdong Furniture Association, the total output of the furniture industry in the province is expected to reach 330 billion yuan in 2013, accounting for about 25% of the national total, representing a 10% increase from the estimated 300 billion yuan in 2012.