The China Sourcing Report: Fashion Bags 2008 Contains Comprehensive in-Depth Profiles...

The China Sourcing Report: Fashion Bags 2008 Contains Comprehensive in-Depth Profiles of 51 Major Suppliers

DUBLIN, Ireland--(Business Wire)--
Research and Markets
(http://www.researchandmarkets.com/research/3e3927/china_sourcing_rep)
has announced the addition of the "China Sourcing Report: Fashion Bags
2008" report to their offering.

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.

In the face of these challenges, suppliers are trying to reduce
their overall expenses by improving production efficiency and
enhancing staff training. Most suppliers, however, will have no choice
but to raise prices in the next 12 months.

This comprehensive report will help you:

- Identify manufacturers that are best positioned to meet your
needs

- Review the newest products at the best prices

- Save time and money by pre-qualifying makers before your next
sourcing trip

- And much more...

What you'll get

- In-depth profiles of 51 major suppliers with a comprehensive
look at their product and pricing strategy, manufacturing and export
capability, verified contact details, and more -- this information is
not available anywhere else

- 152 full-color images that depict popular fashion bags complete
with product descriptions, prices, minimum order requirements and
delivery times

- Results of the custom-designed supplier survey, which forecasts
industry trends for the next 12 months

- Verified supplier contact details, including names, e-mails,
telephone numbers and websites of profiled makers

- This report covers a wide range of products such as: beach,
tote, evening, shoulder and handbags in PVC, EVA, fabric, genuine and
synthetic leather and natural materials

China's fashion bags industry is cautiously optimistic about its
export outlook in the months ahead, as it continues to deal with
challenges that threaten to curb growth. Rising material and labor
costs, the yuan's appreciation, and lower export tax rebates have all
made it difficult for companies to strike a balance between healthy
sales and maintaining margins.

The world's largest supplier of fashion bags, the country accounts
for at least 25 percent of global supply. Since the line is very broad
and China customs does not track fashion bags independently, it is
difficult to determine the exact value and volume of overseas
shipments.

While companies have been posting sizeable growth in the past
years, economic challenges are now leading many of them to forecast
moderate end-2008 prospects. In a survey conducted by us, one-fourth
of respondents are expecting less than 10 percent growth and 16
percent are projecting sales to decline or remain flat.

In an effort to keep margins at the same level while minimizing
price increases, many companies are investing in cost-saving measures.
At the fore are improving production efficiency and strengthening
staff training.

The following are some of the key trends we see in China's fashion
bags industry:

- Many suppliers will raise prices due to escalating costs, lower
VAT rebate and the stronger currency. But intense competition is
keeping price increases to a minimum, with most makers planning to
raise quotes by 10 percent or less

- Competition is pushing companies to produce more upscale fashion
bag models as well. The market is already saturated with low-end
designs, making it difficult for many suppliers to compete. More
makers are therefore offering midrange and even high-end designs to
set their products apart from competitors

- Suppliers are also eyeing to increase exports to the EU. Buyers
there are less price-sensitive than clients in other markets

- The use of mixed materials is expected to continue through 2008.
Suppliers are combining textiles, leather, plastic and straw to create
texture, expand the design range and develop price flexibility

- R&D is also emphasizing environment-friendly materials or
alternatives to PVC. While PVC is expected to remain a major material
in the months ahead, companies are increasingly turning to nontoxic
substitutes such as TPU, EVA, PU and microfiber

Key Topics Covered:

INDUSTRY OVERVIEW

Supplier summary

Major customers

Production & exports

Main production centers

Supplier demographics

Products & prices

Export statistics

Price guide

Top exporters

Supplier survey

Export prices, export sales, major challenges, target markets,
capacity expansion plans, product trends, effi ciency, capability

SUPPLIER PROFILES

Supplier locations

Industry composition

Top exporters

Supplier matrix

Production checklist

Supplier profiles

PRODUCT GALLERY

Top-selling export products

SUPPLIER CONTACT DETAILS

For more information visit
http://www.researchandmarkets.com/research/3e3927/china_sourcing_rep

Source: Global Sources

Research and Markets
Laura Wood
Senior Manager
press@researchandmarkets.com
Fax from USA: 646-607-1907
Fax from rest of the world: +353-1-481-1716

Copyright Business Wire 2008