Increase in furniture product prices and increased costs are the main reasons
July 05 13:08:13, 2025
The average increase in furniture products last year was about 10%, and this year's furniture prices are expected to continue rising. Industry insiders stated that the estimated increase this year is similar to last year, with the timing likely around "May Day."
The main reason for the rise in furniture production costs is the increasing labor expenses. "Labor costs in furniture manufacturing are rising too quickly," industry experts said. They noted that labor costs have increased by roughly 15% this year, with some manufacturers reporting wage increases of up to 20%.
In addition to labor costs, other factors like circulation expenses are also on the rise. Fuel prices have gone up, and warehouse and shopping mall rents have also seen a slight increase. Timber prices rose by 5%-10% last year, and this year, wood prices are expected to continue climbing, especially for imported wood. Due to environmental concerns, some countries have reduced their timber exports, causing prices in regions like Africa to show a clear upward trend.
Industry estimates suggest that the overall increase in various costs this year will exceed 10%. However, factories are trying to absorb some of these costs through internal efficiency measures, such as slightly reducing profit margins, improving material utilization, and adopting more advanced machinery to lower labor costs per unit. As a result, the final price increase for furniture this year is expected to be comparable to last year.
"Furniture is a durable consumer product that lasts for many years. Even if prices go up by 10%, when spread over 10 years of use, the annual cost increase won't be significant," one expert said. For this year, a 10% price increase is expected to continue. The industry believes this level of increase is relatively reasonable. On the contrary, if costs rise sharply but prices remain unchanged, it could signal a problem of cutting corners.
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