Furniture boom continues to rise, leading companies in the home industry take the lead in raising prices
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A person from the Meike Securities Department told the reporter that the company's Meikemeijia brand has slightly raised its price in August this year, and has not received a price increase notice in the fourth quarter. According to reports: "The company's price adjustment is not only based on the reasons for rising costs, but also taking into account the factors of brand positioning. Meike shares have achieved the expected results in raw material procurement and price control. Compared with the price of raw materials, the current industry is facing more obvious pressure on labor costs. The company has reduced the labor cost through mechanization and automation."
In addition, Sofia, whose main business is a custom closet, also said that the company used intelligent flexible production lines last year, effectively reducing costs, significantly reducing sheet wear rate and increasing the company's gross profit margin.
Custom furniture prices are upgraded In addition to finished furniture, custom furniture such as on-site production is also raised based on cost pressure.
“The increase in raw material costs is not large, and the increase in artificial prices is more obvious.†Fang Jiangang, design director of Shenzhen New Oriental Architectural Decoration Design Engineering Co., Ltd., told reporters that “the increase in raw materials this year is about 5% to 10% higher than the previous two years. Take Weiye board as an example. In the previous year, it was about 130 yuan per piece, and this year it was about 140 yuan. In comparison, the artificial increase is relatively large. For the small worker, the previous year was about 150 yuan per day, and now about 200 yuan per day. The labor price of each type of work is rising, and the increase is at least 20% to 30% compared with the previous year."
Fang Jiangang told reporters that it is expected that the price of on-site production furniture will continue to rise in 2014, because the technically good carpentry is getting less and less, the younger generation of workers are more impetuous, want to do simple and fast work, do not want to do it with a little difficulty, and offer It is also relatively high.
In a large furniture store in Shenzhen, a consumer told reporters: "The new house will be officially occupied by the end of December. It is expected that the renovation will begin after the Spring Festival next year, but the decoration company and many furniture and building materials have been successively established. It is to prepare in advance, and the second is to avoid the risks brought by the new round of price hikes.†Another consumer who said that “selling goods†said that since the end of October, many products have been set up at the end of the year, most of them are first- and second-line brands. It will not easily close down, and the goods are also more secure.
Rigid demand is still strong If cost pressure is used as a reason for price increases, then the furniture industry continues to rise, making the relevant companies raise prices. The Ministry of Commerce and China Building Materials Circulation Association jointly released the National Building Materials Household Climate Index (BHI Index). In October, the index reached 123.22 points, up 0.55 points month-on-month, and hit a new high for the year.
In this regard, GF Securities analyst Li Yinlin said that the real estate market investment sales data high operating and housing prices continue to rise, providing strong demand for the downstream furniture industry. With the arrival of the traditional peak season of the building materials and home furnishing market, the BHI index has once again risen to meet market expectations.
In the context of the industry boom in the fourth quarter, leading companies are expected to take the lead. Some analysts pointed out that the overall concentration of the domestic furniture industry is still low, consumers have not yet formed a mature brand awareness of Cheng (Caiyuan), leading companies are expected to enjoy first-mover advantage.
Li Yinlin believes that the rigid demand for housing is still very strong. At the same time, “Golden September and Silver 10†is the traditional peak season for building materials and home sales. Every merchant has spared no effort to discount sales. The double superposition effect has caused the BHI index to rise, just as the housing released in the previous period is just needed. Converted into home improvement demand, the furniture market in the fourth quarter can be prosperous.
Fang Jiangang also said that this year's home improvement and related industry chain market is mainly supported by just need.
He told reporters: "There is really just a rush to stay, the market is still relatively bleak compared with the peak season in previous years. In the current big environment, the overall level of economic weakness, consumption levels will also decline. Some second and more Home buyers of secondary homes are not in a hurry to renovate, which also affects the performance of related industries to a certain extent."