|
|
 |
|
Viewing report
|
|
|
|
Philippines Sourcing Report: Fashion Jewelry & Accessories
Global Sources, Oct 2011, Pages: 92
In this Report:
- 15 in-depth company profi les
- 11 short company profi les
- 138 top-selling export products
- Supplier demographics
- Supplier survey
- Industry statistics and charts
Buoyed by the improving business climate in key overseas markets, the fashion jewelry and accessories industry in the Philippines is expecting enhanced short-term export performance.
Shipments in recent years have been dismal due to growing competition from China and the global economic crisis, which has affected clients in major destinations abroad. Escalating demand, however, is forecast to reverse this trend.
Jewelry is the largest line and principally reflects the performance of the sector as a whole. Two other segments contribute a small portion to aggregate turnover. They play an important role, nonetheless, since they attract the most number of customers from new markets.
Who should read this report
- CEOs, Directors, Presidents, Business Owners
- Export/ Import Managers, Sourcing Representatives, Sourcing Engineers, Supply Chain Directors, Procurement Managers, Agents
- Sales Executives & Managers, Marketing Executives & Managers, International Buyers
- Business Consultants, Investment Managers
- Anyone who needs to understand the China & Asia supply market
Key Findings
1. Although demand in the coming year is seen to rise, most suppliers plan to keep prices unchanged to attract new buyers and maintain current ones. A significant number of companies are preparing to raise quotes, however, but this will be done cautiously since many customers still operate on a limited budget.
2. Despite the economic problems besetting them, the US and the EU remain the largest markets for the sector. Within the latter, France takes up the biggest share of exports. Spain and Italy are also important destinations from the bloc. Over the next 12 months, makers will continue to concentrate on product development and promotional efforts targeting these locations.
3. The appreciation of the peso against the US dollar is cited as the most crucial challenge facing the industry. Besides this, weak domestic infrastructure for power and shipping pushes up operating costs and adversely affects suppliers’ profitability.
4. To avoid directly competing with China, many companies focus on the midrange. Some enterprises also manufacture upscale models to underscore product differentiation between locally made items and those from other sourcing hubs in Asia.
5. The easy availability of various types of natural materials benefits the industry since they are chiefly obtained from domestic vendors. These include hardwood, plant fibers, animal horn and bone, and marine-based inputs.
Product samples
A sample for this product is available. Please Login/Register to download this sample.
|
|
|
|
