has announced the addition of the “China Sourcing Report: Bags & Travel Goods”
report to their offering.
Suppliers of bags and travel goods in China are optimistic that export sales
will improve greatly in the year ahead, but growing production outlay is putting
pressure on profitability. In the first two months of 2010, Chinas shipment’s of
bags, luggage and wallets made of fabric, leather and plastic showed a 36
percent year-on-year improvement to $871.7 million.
In the same span, the quantity of bags increased 21 percent to 85.3 million
kilograms. Luggage volume also jumped 32 percent to almost 18 million kilograms.
Overseas revenue for all three categories in 2009 amounted to $4.9 billion.
Sales fell 10 percent. Although the resurgence may be driven by restocking, the
majority of suppliers expect revenue to increase more than 20 percent. Others
anticipate sales to climb at least 10 percent.
This report focuses on wallets, luggage, travel accessories, and business,
special-purpose, fashion and travel bags.
What you’ll get
* In-depth profiles of 37 major suppliers with a comprehensive look at their
manufacturing and export capability, verified contact details, and more this
information is not available anywhere else
* 163 full-color images that depict popular bag and travel goods export models,
complete with product descriptions, prices, minimum order requirements and
* Verified supplier contact details of an additional 47 exporters, including
names, e-mails, telephone numbers and websites
* Supplier information in tabular format to help you compare companies at a
* Results of the custom-designed supplier survey, which forecasts industry
trends for the next 12 months
* An extensive overview of the industry discussing the main challenges facing
* An in-depth examination of the supplier base highlighting key characteristics
of different types of companies
* Details of the primary production centers
* An update of the latest trends in design, R&D, materials and components
* A review of the key factors that influence the price and quality of low-end,
midrange and high-end products
* Comprehensive pricing tables featuring export price ranges
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
* Business Consultants, Investment Managers
* Anyone who needs to understand the China supply market
The following are some of the key developments we see in China’s bags and
* Cost controls and efficiency measures remain in place to counter the rise in
material and labor expenses. These are helping companies maintain stable prices
under efforts to bolster sales. An example is maximizing the use of larger
* Businesses that are unable to absorb higher expenses will increase prices by
at least 5 percent.
* Suppliers are adopting the CPSIA lead limit as buyers become more concerned
about the harmful substances in their purchases. Some manufacturers are
substituting PU leather for PVC, as the latter is processed with stabilizers
containing the heavy metal. Other exporters are exploring destinations where the
substance is not regulated.
* Reforms in the tanning industry are expected to improve material options for
midrange and high-end releases, thereby facilitating the upmarket shift for
makers of bags and travel goods.
The new guidelines encompass livestock development, hazardous waste disposal,
and recycling water. Clusters with shared resources will be established.
China suppliers produce wallets, luggage, travel accessories, and business,
special-purpose, fashion and travel bags. These are also the scope of this
Each product category has its own section with details on the features and
prices of low-end, midrange and highend models.
The manufacturing and QC processes are discussed as well. Further, the section
elaborates on the industry composition, highlighting key characteristics of the
different types of companies.
The Industry Overview explains how suppliers are responding to the sudden surge
in orders from overseas markets amid a persistent shortage of labor and rising
material costs. Moreover, it illustrates the steps companies and the government
are taking to improve the quality of manufacturing inputs.
Roughly 80 percent of the bags and travel goods export manufacturing industry in
China is comprised of small and midsize companies.
Approximately 80 percent of all suppliers are private locally owned companies,
and the rest have outside participation.
The provinces of Guangdong, Zhejiang and Fujian are the main production centers.
Reflecting this structure, 75 percent of suppliers profiled in this report are
private local businesses.
Nearly 46 percent of featured companies come from Fujian. About one-fourth are
based in Guangdong. Exporters from Zhejiang account for 11 percent of profiled
For more information visit
Research and Markets
Laura Wood, Senior Manager,
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Copyright Business Wire 2010