China Sourcing Reports

Fashion Bags

With more than 10,000 manufacturers, China is the largest supplier of fashion bags in the world. The country accounts for about 25 percent of global supply in the line.

The appreciation of the yuan, higher material costs and rising labor expenses, however, are challenging the world’s bag factory, trimming suppliers’ profit margins and forcing them to raise prices.

The Philippines is among the leading suppliers of handcrafted fashion jewelry made of natural materials in Asia. Makers offer pieces with exquisite craftsmanship and unique designs. Fashionable and reasonably priced, Philippine-made jewelry has gained a following in the international market.

Pet Products

Holiday and party decorations suppliers in China are implementing a variety of strategies under efforts to reverse the lackluster performance experienced in 2008.

To prop up sales, companies are broadening their design selections, mainly by utilizing a wider range of raw materials, colors and surface treatments.

Jewelry & Watches

Jewelry & watch suppliers in China are taking diverse steps to overcome external and internal challenges that have slowed exports and caused an industry shakeout. Demand for the country’s products reduced significantly after the global financial crisis struck in the fourth quarter of 2008. The decline in overseas orders forced the jewelry supplier base to contract by 10 percent in 2008, while the number of watchmakers diminished by 5 percent.

Leather Garments

China is the largest volume manufacturer of leather garments in the world, accounting for almost 65% of global leather garment exports. Stiff competition among suppliers, however, is resulting in consolidation of the industry.

Jackets & Sportswear

China suppliers of jackets and sportswear are optimistic about exports in 2009 after textile quotas and safeguards were lifted at the beginning of 2009.

However, they are also concerned that free trade will bring intense competition, especially during the current economic slowdown.