Up-to-date industry information on China's hottest products
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Monday, 18 May 2009 |
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Mainland China is the largest supplier
of DC motors, accounting for more
than 60 percent of total global
production. Output is expected to reach
2.95 billion units in 2007, and will
continue to grow at an average rate of
10 percent in the coming years.
Many manufacturers in the region
appear to be reaching full capacity,
and are now planning to increase
production and overall exports by
adding more capacity. Raw material
prices appear to have stabilized, at
least in the short term, while labor
shortages have been addressed to some
extent with wage increases. |
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Friday, 15 May 2009 |
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China’s two-way radio industry
experienced a slump in 2007, beset by
rising manufacturing cost and the yuan
appreciation against the US dollar.
From about 130 makers in 2007, the
supplier base dwindled to about 110
in 2008. Despite the slight downturn,
China suppliers are optimistic that
output will remain stable in 2008.
However, China companies that
transact in US dollars are adopting
real-time settlement for US dollar-denominated
transactions or are
asking buyers to convert long-term
contracts into shorter term deals
to lessen the impact of currency
fluctuations. Instead of shipping their
products to the US, many suppliers
are also turning their attention to
export markets such as Europe and
Africa, where the product line is still
thriving. |
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Friday, 15 May 2009 |
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The Philippines is touted as the
“Milan of Asia”, producing exquisite
and intricate furniture that is both
unique and innovative. Aside from
design, the wide range of materials
used has attracted buyers looking for
one-of-a-kind furniture. Exported
models are showcased as accent
pieces in homes, hotels, resorts and
offices worldwide.
From its rattan and wicker origin,
the Philippine furniture industry
has diversified into bamboo, stone,
wood, metal, plastic, leather and other
indigenous materials such as abaca,
arurog, palm wood and coconut husk.
It has also grown to become one
of the country’s top export revenue
generating sector.
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Friday, 15 May 2009 |
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Lacquerware made in Vietnam has
gained worldwide recognition for its
durability, craftsmanship and design.
Bowls, plates, trays, boxes and vases
with eggshell or mother-of-pearl
inlay are popular export products, as
well as wall paintings with intricate
handpainted designs.
Vietnam’s rich tradition of
making handicrafts has enabled it to
become one of the major sources of
lacquerware. In fact, the country’s
handicraft industry is targeting export
revenue of $1.5 billion in 2010.
To achieve this goal, lacquerware
makers are focusing on product
innovation, offering low minimum
order requirements, and accepting
mixed orders. Suppliers’ access to
abundant supply of raw materials and
large pool of talented workers has also
helped boost production and sales. |
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Friday, 15 May 2009 |
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Demand for Vietnam-made furniture
has seen exponential growth in the past
decade. Innovative designs, superior
craftsmanship and structural integrity
have enabled suppliers to carve a niche
for themselves in markets worldwide.
From the $200 million sales revenue
in 2000, Vietnam’s exports of wooden
products have increased by more than
1,000 percent to an impressive $2.36
billion in 2007. This positions the
country among the top three sourcing
centers for furniture in Asia.
Vietnam’s Ministry of Trade
anticipates continuous growth, with
exports of wooden products expected
to reach $5.5 billion by 2010. |
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