Frbiz Forecasts a Rise in Wood Prices to Drive an Increase in Furniture Product Prices

USA - English

• USA - English

BEIJING, April 20 /PRNewswire-Asia/ -- Frbiz.com, one of China's leading B2B search platforms, forecasts that a rise in wood prices will drive up furniture product prices.

Frbiz reports that, as the price of imported raw materials raises rapidly due to growing pressure on transport and processing cost increases, a solid wood furniture price increase is inevitable. Some of Frbiz's furniture suppliers have said that, although there has been a recent solid wood material price increase, they will not take the rising price into account and will instead give more discounts. Frbiz analyzes that buyer demand for furniture is focused mainly in the second half of the year. The first half of the year is concentrated on ensuring sales, allowing for main price adjustments to be arranged in the second half of the year, increasing up to 20%.

This year, usually inexpensive wood prices are increasing relatively significantly.

Solid wood furniture (http://www.frbiz.com/catalog-14000000-1/furniture_furnishings.html ) price increases are noteworthy when compared to current price levels of panel furniture, which have not shown significant increases. It is expected that there are some individual companies that will raise prices. Frbiz analyzes that furniture raw material prices are up 10%, hardware up 25% - 30%, with an expected 5% increase after May Day. While panel furniture competition is fierce, various brands will not easily increase prices.

About Frbiz.com

Frbiz.com is a promising e-commerce company and a leading vertical search engine company in China. Frbiz.com offers a variety of high quality products such as drawstring bags (http://www.frbiz.com/q-drawstring_bags/ ), drawer slides (http://www.frbiz.com/q-drawer_slides/ ), Gillette power fusion (http://www.frbiz.com/q-gillette_power_fusion/ ) and many more.

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SOURCE Frbiz.com