Increase in furniture product prices and increased costs are the main reasons
July 05 13:53:50, 2025
The average increase in furniture products last year was approximately 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 significant increase in labor expenses. "Labor costs in furniture manufacturing are rising too quickly," industry insiders said, noting that labor costs have increased by about 15% this year. Some furniture manufacturers reported wage increases of up to 20%.
In addition to labor costs, other expenses such as logistics and materials are also increasing. Fuel prices have gone up, warehouse and mall rents have slightly risen, and timber prices have also seen an upward trend. Last year, wood prices increased by 5% to 10%, and this year, they are expected to continue rising, especially for imported wood. Due to environmental protection measures, some countries have reduced their wood exports, leading to a clear upward trend in timber prices from regions like Africa.
Industry estimates suggest that the overall increase in various costs will exceed 10% this year. However, factories are trying to absorb some of these impacts through internal adjustments, such as slightly reducing profit margins, improving material efficiency, and using more advanced machinery to reduce labor costs per unit product. As a result, the final price increase in the furniture industry this year is expected to be comparable to last year.
"Furniture is a durable consumer product that can last for many years. Even if prices increase by 10%, when spread over 10 years of use, the annual cost increase remains minimal," one insider said. For this year, the industry expects a continued 10% increase. They believe this level of price growth is relatively reasonable. On the contrary, if costs rise sharply but prices remain unchanged, it could signal a risk of cutting corners.
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