Due to the influence of the global and domestic economic environment, the Chinese mahogany furniture market has experienced a significant decline in overall sales, and SMEs are struggling. In the next year, will the market of redwoods continue to fall, or will it recover smoothly?
The global economy is stabilizing and the Asian economy is getting stronger
The outlook for the global economy, according to the judgment of the International Monetary Fund, will improve this year. There is growing evidence that global economic activity will be strengthened in the second half of this year. In Asia, the International Monetary Fund predicts that Asia's economic growth will be strong this year, and the overall growth in the Asia-Pacific region may reach 6%, which is basically the same as last year.
China's economy slowed in the first half of the year and stabilized in the second half of the year
China's external economic situation has generally stabilized and there has been an upward trend, but there are still many uncertainties. In the first quarter of this year, China's GDP slowed to 8.1%. However, with the relaxation of domestic policies and the improvement of the global economic environment, China's economy is expected to rebound strongly in the second half of the year.
The mahogany furniture market is mixed
At the end of 2011, the sales of Xinhui Classical Furniture Market declined sharply, down 15-25% year-on-year. In the first quarter of 2012, its overall sales fell further, and many companies could not make ends meet, seriously affecting the development of enterprises and industries.
In the overall economic downturn, mahogany furniture sales were the most affected in the furniture market. As a high-end product in the furniture market, mahogany furniture can be included in the ranks of luxury goods. For these high-end mahogany furniture, the production volume is small, the materials are expensive, and the market demand is high. Even if the temporary sales are not available, the strength manufacturers are not worried. Because the furniture will not depreciate, and the market will turn better, not to sell. For those unbranded companies, due to the relatively low-grade materials and rough process, the impact will be fatal.
Economic back is rebound
China's economy is still developing at a high speed, and hard demand remains strong. A short fall is an opportunity for development. Many companies do not pay attention to brand and quality at ordinary times. They can still maintain when the environment is good. They are struggling in the face of economic downturn and have no ability to seize opportunities. Xinhui Forest Wood Classical Furniture Factory, no matter the quality of the furniture or the scale of production, is famous in the local area. Furniture sales have once encountered difficulties. Last year, it began to participate in the two-year Chinese Redwood Classical Furniture Exhibition, which led to the year-round furniture of forest wood. Sales, the current poor environment, corporate orders can still be done. If you have a good product, you must have a good brand effect and a smooth sales channel to be a complete sales system.
The ups and downs of economic development are normal phenomena of social development. A prepared enterprise can grasp the pulse of the overall economic development and grow rapidly with the help of economic laws. Of course, only when you do your own products and do your own brand, can you seize the opportunity and be invincible.
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