In 2013, the price trend of mahogany furniture reflected a complex interplay of demand, supply, and market sentiment. The styles of antique mahogany furniture had expanded significantly, growing from over 100 traditional designs to more than 900 varieties. This evolution made mahogany furniture increasingly popular among collectors and consumers alike, driving prices upward. In 2007, the market reached an all-time high, but the global financial crisis in 2008 caused a sharp decline.
At a modest timber shop, a single piece of rosewood measuring 1cm thick, 200cm long, and 60cm wide could cost over 60,000 yuan. "The solid wood available for use is becoming rarer," said the shop owner, "and if the grain is beautiful, the price can be even higher." He noted that old rosewood imported from Laos was particularly prized for its low moisture content, rich oiliness, and fine texture, with a denser structure compared to Vietnamese varieties. Despite this, the price of Huanghuali wood remained extremely high—some pieces had increased in value tenfold over just a few years.
Many industry experts believed that the limited availability of old materials, combined with the increasing difficulty of sourcing them, contributed to the resilience of high-end mahogany furniture prices. However, rumors of a market crash began circulating, claiming that a set of mahogany furniture once valued at 90 million yuan had dropped to under 700,000 yuan. These reports created uncertainty in the market.
Upon visiting the Guangzhou mahogany furniture market, reporters found no evidence of a significant price drop. Instead, they observed a steady increase in prices. Lei, a furniture factory owner with nearly 20 years of experience, confirmed that material costs had risen by 20% to 30% compared to the previous year, making it impossible for new products to avoid price hikes.
Despite the economic downturn and negative media coverage, some materials like small and medium-sized red rosewood and small-leaf red sandalwood saw slight declines in 2011. However, Wu Bingliang, a renowned expert in Ming and Qing dynasty furniture, dismissed the idea of "hot money withdrawal" as nonsense, though he acknowledged that such rumors did affect market confidence.
Good quality Huanghua pears are highly collectible due to their uniqueness, while African red sandalwood is known for its durability and ease of maintenance. Though not as valuable as other types, it still holds stable value and offers practical use. As hot money returned to the market, rosewood furniture prices rebounded quickly in 2009, only to face speculation about a sudden drop due to "hot money withdrawal."
In areas like Huadiwan, Liwan District, and the Flower, Bird, and Fish Art Market in Guangzhou, mahogany furniture stores remained busy, with customers unaffected by the "market slump" rumors. Sales staff at the Singular Rosewood Pavilion reported steady growth, especially in branches like Panyu, where business was thriving.
Huang Danyan, a young owner from Guangzhou Tiansheng Decoration, visited a store looking for high-end furniture for his office and was impressed by a set of Vietnamese Huanghuali palace chairs priced at 290,000 yuan. He emphasized that many buyers were wealthy individuals, often from successful families or those who had built their fortunes in Guangdong.
According to an insider from Zhongshan, the continued rise in raw material prices and the scarcity of certain woods made it unlikely for mahogany furniture prices to fall soon. Experts predicted that the upward trend would continue into the following year.
Ultimately, the mahogany furniture market remained strong, driven by both investment and personal passion. Many buyers were not just looking for furniture—they were investing in a legacy. As one salesperson put it, "I grew up around wood, I love it, and I know it well."
Regulating Valve
Regulating valve is a fluid control device, it can control fluid flow, pressure, temperature and other parameters, in order to achieve the purpose of regulating fluid flow characteristics. It is composed of a piston or ball spool, in which there is a manual or electric mechanism with adjustment function, it can control the position of the piston or ball spool, so as to change the pressure and flow rate in the valve, so as to adjust the flow characteristics of the fluid.
The main function of the regulating valve is to adjust the flow rate, pressure and temperature, so that the fluid flow characteristics are more stable, so as to improve the efficiency of the fluid. It can regulate the flow of fluid to keep it at a low level, thus saving energy; The pressure of the fluid can also be adjusted to keep it at a low level, thus reducing noise in the piping system; The temperature of the fluid can also be adjusted to keep it at a low level, thus preventing condensation in the piping system, etc.
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