Artificial Intelligence
August 2010 Guangxi Nanning Redwood Crafts Sales Slow
According to reports from Hong Rui Furniture Factory, Mr. Yu shared that since August 2010, sales of rosewood handicrafts in Nanning, Guangxi have been relatively sluggish. He noted that the market has seen a noticeable slowdown, with fewer buyers and more people simply browsing without making purchases.
Mr. Yu explained that the intricate craftsmanship involved in mahogany products, combined with rising production costs, has made it difficult for many consumers to justify the expense. While there is still interest, especially among collectors and enthusiasts, actual sales remain low. Most buyers are hesitant, waiting for prices to drop or for better opportunities to arise.
Currently, the high-end sandalwood rosewood (Indian lobular rosewood) is priced at around 700,000 yuan per ton, with the finest quality reaching up to 900,000 yuan per ton. Laos red rosewood (Dalbergia japonica) is reported to be between 4.5 million and 6 million yuan per ton, while Indonesian black rosewood (broadleaf Dalbergia) ranges from 4 to 5 million yuan per ton. Meanwhile, Burmese rosewood (Ao Danghuang) is priced between 1.2 million and 1.5 million yuan per ton.
With these high price points and limited demand, the rosewood furniture market is facing challenges, and many small-scale producers are struggling to keep up with the slow pace of sales. Despite this, some experts believe that the long-term value of these premium woods may eventually attract more serious investors and collectors.
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