India’s suppliers of footwear are confident export sales will increase up to 20 percent in 2012 by utilizing easy access to leather raw materials, skills labors in concentrated production hubs and enhanced product quality and R&D.
That is according to India Sourcing Report Footwear with the support of Global Sources (NASDAQ: GSOL (globalsources.com) in development.
The Report features profiles of 24 experienced exporters with verified manufacturing and production capacity. It also includes descriptions, prices and packaging details for more than 150 top-selling export products ranging from men and women’s sandals, sneakers and fashion boots.
Of the participating companies, 83 percent continue to focus on EU market, while 8 and 9 percent of those intend to expand their export market to Middle East and North America respectively.
“The world’s second-largest footwear supplier, India benefits from a number of competitive advantages that help it grow over the years,” said Khiem Vu, Program manager of The Kearny Alliance’s Export Assistance Program.
“These include a strong synergy of raw leather industry, which enables suppliers to easily access to various grades of hides and skins, a large pool of more than 2,000 tanneries with roughly 2,5 million people and excellent OEM capability for big brands such as Nike, Reebok, Clarks, Ecco and so on.
“In addition, suppliers in the sector have received training from the local associations including shoe design and technology, fashion and visual merchandising, and other business-related courses to help themselves advance competitiveness in the market.”
Survey results outline target export markets, product and price trends
In addition to industry overview and prices forecasts, the Report offers survey results from featured suppliers. High-level results show:
83 percent will target EU;
46 percent plan to improve fit, breathability or durability;
74 percent expect to increase export sales by up to 5 percent; and
90 percent of export product is leather footwear.
Featured suppliers have a combined export sales of $212.2 million a month. The least expensive shoes items are priced from $4 for a pair of sports shoes with basic designs, made of PVC, cotton or polyester uppers and EVA or TPR insoles and outsoles, while average prices of high-end shoes are about $20.
Quality sourcing intelligence helps create more jobs
“The Sourcing Report is one primary component of the Kearny Alliances’ Developing Country Export Assistance Program,” Boome said. “The aim of the program is to assist small- to mid-sized export manufacturers in Vietnam, India, Indonesia, the Philippines and Cambodia to tap new export markets. As a result, local suppliers can hire more workers and create sustainable jobs.
“We can only succeed in our mission if we give buyers information on quality suppliers who understand their requirements. The suppliers we feature in Developing Country Sourcing Reports have rich export experience and are eager to work with new overseas buyers.”
Sourcing Reports for Vietnam, India, Cambodia, the Philippines and Indonesia
Other Sourcing Reports available online are:
• Table & Dinnerware, Garments, Indoor Outdoor Furniture, Basketware, Building Materials, Bamboo & Rattanware, Wooden & Bamboo Furniture, Kitchenware, Bags, Baby & Children’s Toys & Garments, Footwear, Ceramic & Porcelain, Garments, Home Decor, Fashion Accessories, Lawn & Garden, Lacquerware and Indoor & Outdoor Furniture
• Home Furnishing & Textiles, Kitchenware, Ceramics, Craft & Promotional Gifts, Glass & Metal Tableware, Fashion Accessories and Garments
• Fashion Bags; Silk Fashion Accessories
• Wooden Furniture & Lighting, Gift Packaging, Fashion Jewelry & Accessories, Home Décor, Home & Garden Decor, Fashion Jewelry, Christmas Decorations and Indoor & Outdoor Furniture
• Fashion Accessories, Garments, Basketware, Rattan Furniture, Leather Products, Home Décor, Indoor & Outdoor Furniture and Footwear
• Indoor & Outdoor Furniture.
About The Kearny Alliance
The Kearny Alliance (kearnyalliance.org), a US nonprofit 501 © (3) foundation, partners with other international organizations to further its mission of ‘Aid through Trade’, to advance international development and poverty alleviation through trade-related business, education, training and applied research.
Key programmatic areas include:
• Trade policy research: We believe that the health of the global economy and peace between nations depend on countries having productive trade relationships, which requires open, fact-based dialogues. Our approach is to encourage positive inclusive trade by infusing clarity, and explaining why trade issues matter to individuals, communities, nations, and the world. One major initiative is China Global Trade (ChinaGlobalTrade.com), an online center for data, analysis, and insightful discussion.
• Education & skills development: The Kearny Alliance offers stipend support for students from Myanmar, Cambodia, Vietnam, Lao and mainland China to study in Hong Kong, Thailand, The Philippines and the US. The dozens of Kearny Alliance Scholars receive internships and on-the-job training in export-related companies and organizations in ten countries.
• Job creation for small & medium producers: Through the Developing Country Export Assistance Program, the Kearny Alliance connects smaller exporters in developing Asia with buyers worldwide. Surveys of our supplier-beneficiaries in India, Cambodia, Vietnam, the Philippines and Indonesia show they have received $855,292 in export orders, and expect more than $13,611, 169 to develop in the next 12 months.