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Although the price of mahogany furniture has seen fluctuations, the overall trend has been upward. The main reason behind this is the increasing scarcity of redwood resources. Redwood species are rare, grow slowly, and their availability is decreasing year by year, with some nearing extinction. China currently imports most of its mahogany from Southeast Asian countries like India, Vietnam, Laos, Myanmar, Thailand, as well as parts of South America and Africa. However, many precious woods are becoming harder to acquire due to export restrictions imposed by some countries. Industry analysts predict that within the next 5 to 8 years, the supply of large mahogany may depend largely on merchant reserves, with certain grades becoming extremely rare.
Historically, during the Ming Dynasty, after the lifting of trade bans, officials were sent to Nanyang to purchase mahogany. By the end of the Ming era, high-quality timber from these regions had been largely depleted. Much of it was stored in royal warehouses, while some was hoarded by private traders. In the early Qing period, the government also acquired precious wood from private sources. Later, due to shortages of red sandalwood, the Qing court implemented strict policies, requiring all levels of bureaucracy to seize any rosewood they encountered and send it directly to the palace or royal workshops. By the late Qing period, all privately held valuable wood materials across the country were purchased by the government.
**Redwood raw materials are being consumed rapidly**
The growing demand for mahogany furniture has boosted market activity and accelerated the consumption of raw materials. According to a report, at the start of the 21st century, approximately 2,000 to 3,000 tons of materials entered mainland China annually. After 2008, this number dropped to no more than 200 tons per year. High-quality yellow wood now sells for up to 5 million yuan per ton. Rosewood has long held a secondary position to huanghuali and lobular rosewood in the hardwood furniture of the Ming and Qing dynasties. It is mainly sourced from Laos, Myanmar, Thailand, Cambodia, Vietnam, and India. Today, it's increasingly difficult to find in the market, with prices ranging from 15 to 200,000 yuan.
Industry statistics show that there are over 10,000 antique furniture businesses in China. If 30% of them use rosewood as a material, and each consumes an average of 50–100 tons annually, the total annual requirement would be between 150,000 and 300,000 tons. However, current import volumes are far from meeting this demand.
In Liuzhou, there are over 40 mahogany furniture stores, and sales of imported goods have been rising steadily. Products include various types such as big leaf red sandalwood, lobular rosewood, red rosewood, African rosewood, Huanghua pear, Burmese rosewood, and others. The mahogany market in Liuzhou has become a major consumer of red rosewood products, with consumption continuously increasing.
**Rational choices are essential for collectors**
Faced with the declining availability of redwood, industry experts advise consumers to remain rational and avoid blindly investing in mahogany. For those new to using mahogany, experts recommend choosing more practical and affordable options like African Huanghua Pear, Burmese Rosewood, or African Rosewood, which typically range between 40,000 to 60,000 yuan.
For beginners entering the world of mahogany collecting, experts suggest starting with red rosewood and focusing on functional pieces that offer good value, such as Sian rosewood furniture priced between 15 to 20 million yuan.
For more experienced collectors, experts recommend considering items with artistic value, such as famous carvings, ornate furniture, or decorative pieces, provided they are within one's budget. These can range from 500,000 yuan to millions.
Ultimately, the value of a precious rosewood piece depends first on its quality. Mahogany has always been a symbol of luxury and rarity in furniture making.
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