In the first half of 2014, the mahogany market was in a downturn, and the prices of raw materials for rosewood generally fell by 10 to 15, and furniture prices generally fell. However, since August, mahogany furniture has ushered in a price hike. The price of mahogany furniture depends mainly on the price of raw materials. The production cycle of mahogany furniture is generally 3 to 5 months. For most companies, furniture made from high-priced materials last year will be available in the past two months. Therefore, mahogany furniture may start to rise. At the same time, even in the case of a major correction in housing prices, domestic real estate popularity is still twice as high as the stock market. Local governments are further relaxing restrictions on purchases, plus some actions to promote mortgages, or will further stimulate demand for redwood consumption.
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