Inflation has struck once more, and this time it’s jacking up tree costs for the vacation season.
According to a September report from the Real Christmas Tree Board, 2022′s Christmas tree market will look very similar to final years.
“The real Christmas tree industry met demand last year and it will meet demand this year,” Marsha Gray, government director of the Real Christmas Tree Board, mentioned within the report. “This is basically a yr with out surprises.
“Our annual consumer survey showed that 86% of real Christmas tree buyers said they had no problems finding a place nearby to buy their tree last year. And 87% told us they found the tree they wanted at the first place they looked. We expect this year to be no different. The grower survey tells us demand is healthy. Retailers see steady consumer interest in real Christmas trees and right now supply is pretty well matched to that interest. The majority – 67% of the wholesalers we talked to – said they expect to sell all the trees they plan to harvest this year. In terms of volume, more than half – 55% – said they expect to sell about the same amount of real Christmas trees as they did last year. The balance was divided: Some expect to sell more, some less.”
While the trade group doesn’t predict any stock shortages, costs are anticipated to be larger because of elevated enter prices amongst wholesale growers.
Of the 55 wholesale growers surveyed by the Real Christmas Tree Board, which characterize an estimated 66% of the nation’s actual Christmas tree market, over a 3rd mentioned they’re experiencing 11% to fifteen% will increase in prices. Over 1 / 4 of these surveyed mentioned they’re experiencing 16% to twenty% in value will increase. Another 10% of wholesale growers mentioned their prices have elevated by much more.
“There are no plot twists in the real Christmas tree story this year,” Gray mentioned. “Just the regular hand {of professional} growers bringing pleasure to customers and enterprise savvy to {the marketplace}.
“While our grower survey tells us wholesale prices are likely to be higher for real Christmas trees this year, our consumer survey tells us people expected as much. The good news is fans of real Christmas trees say they believe the trees are worth the price and they are willing to pay more this year if necessary to get one – and that’s not a surprise either.”
Source: www.bostonherald.com”