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Philippines Sourcing Report: - Wicker Baskets Product Image

Philippines Sourcing Report: - Wicker Baskets

  • Published: September 2012
  • Region: Philippines
  • 88 Pages
  • Global Sources

In this report
- 15 in-depth company profiles
- 4 short company profiles
- 133 top-selling export products
- Supplier demographics
- Supplier survey
- Industry statistics and charts

Rising demand for models made of natural materials is driving the growth of the wicker basket industry in the Philippines. Exports have seen significant increases since 2009 as key markets started recovering from the global economic crisis.

Annual shipments over the past three years have surged by an average of nearly 40 percent. The US leads as the sector's largest foreign destination, accounting for roughly three-quarters of turnover.

The industry relies on a stable supply of indigenous raw materials not normally available in other sourcing centers in Asia. This advantage helps enhance design diversity and emphasize the low environmental impact of products.

This report focuses on the main types of wicker baskets from the Philippines – bamboo, rattan, Manila hemp and natural material.

What you'll get
- In-depth profiles of 15 major suppliers with a comprehensive look at their product and pricing strategy, manufacturing and export capability, READ MORE >

EXECUTIVE SUMMARY
Key findings
Objective, methodology & scope
INDUSTRY OVERVIEW
Supplier summary
Exports
Products & prices
Production & export statistics
Price guides
Supplier survey
Export prices
Export sales
Export markets
Major challenges
R&D focus
SUPPLIER PROFILES
Supplier matrix: Comparison of supplier location, sales revenue & export capability
Profiles of 19 verified suppliers
PRODUCT GALLERY
Bamboo baskets
Rattan baskets
Manila hemp baskets
Natural material baskets
CONTACT DETAILS

Rising demand for models made of natural materials is driving the growth of the wicker basket industry in the Philippines. Exports have seen significant increases since 2009 as key markets started recovering from the global economic crisis.

Annual shipments over the past three years have surged by an average of nearly 40 percent. The US leads as the sector's largest foreign destination, accounting for roughly three-quarters of turnover.

The industry relies on a stable supply of indigenous raw materials not normally available in other sourcing centers in Asia. This advantage helps enhance design diversity and emphasize the low environmental impact of products.

Manufacturers also typically hire craftsmen who have gained expertise in various labor-intensive skills such as weaving.

Key Findings

1. Prices of wicker baskets are mostly expected to remain unchanged over the next six months to ensure competitiveness amid an expanding supply market. A significant percentage of makers plan to raise quotes to cope with higher labor and production costs, but this will be done moderately.

2. The industry forecasts exports over the coming 12 months to generally stay level. The majority of enterprises featured in this report, however, are optimistic of recording increases in foreign revenue. The bright outlook is caused primarily by renewed orders from the US and efforts to expand reach in emerging destinations.

3. Quotes are largely determined by the size and shape of products. The style of weaving and number of embellishments also play a role in setting the price range. Upscale models are often larger and feature more complex patterns and profiles compared with less expensive items.

4. Several manufacturers are taking steps to comply with regulations concerning harmful product treatments. These include the use of natural saltwater as a preservative. In addition, plant-based agents are utilized as dyes and insect repellent.

5. Sluggish demand from a number of key markets, particularly among EU members, is the most crucial challenge confronting the industry. Due to the sovereign debt crisis, some small companies are finding it difficult to maintain their operations and workforce. The surging cost of labor and raw materials is also seen as a difficulty facing the sector.

This Philippines Sourcing Report is part of a series designed to provide buyers with information on new products from export manufacturers in supply markets that specialize in handmade merchandise.

The Developing Country Sourcing Report of Global Sources’ corporate social responsibility initiatives. It is offered in conjunction with the Hinrich Foundation, whose mission is promoting sustainable global trade. The objective is to help create jobs in developing Asia through export promotion.

To produce this report, larger, midsized and emerging manufacturers, all with substantial export experience, were surveyed. The selection of suppliers is designed to reflect the composition of the industry in the Philippines in terms of geographic location, materials used and range of products offered.

For in-depth profiles, our researchers visited the facilities of each company and interviewed senior executives who discussed their recent performance and provided forecasts for the next 12 months. All other makers in this report were either visited or contacted by phone.

In each case, companies were required to answer specific questions designed to verify their manufacturing and export credentials, including a breakdown of exports by product type and market. Suppliers also participated in a survey designed to provide insight into the industry.

This report covers the main types of wicker baskets available in the Philippines including models made of bamboo, rattan, Manila hemp and other indigenous plantbased materials. Each product category has its own price guide that describes features of low-end, midrange and highend models.

The Industry Overview section discusses key issues affecting export manufacturers. It provides insight on the composition of the industry and elaborates on the important supply centers within the Philippines. The Products & prices section details the features and price ranges of wicker baskets. It also examines the design and manufacturing processes, main materials used, and sourcing centers where components are procured.

Note: Product cover images may vary from those shown

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