Vietnam’s bamboo and rattanware suppliers plan to keep export quotes the same by focusing on “green” materials sourced from sustainable plantations. This is according to the Vietnam Sourcing Report: Bamboo & Rattanware.
The Bamboo & Rattanware report features profiles of 38 export manufacturers with verified manufacturing and production capacity, plus descriptions, prices and packaging details for more than 104 popular export products including handicrafts, furniture, home furnishings, kitchen accessories and bags.
The non-profit Kearny Alliance produced the report with the support of Global Sources (NASDAQ: GSOL globalsources.com).
“Vietnam makers of bamboo and rattanware take a great advantage of cultivating the raw materials at their vast plantations,” said Khiem Vu, program manager of the Kearny Alliance’s Developing Country Export Assistance Program.
“Makers tend to combine various ‘green’ materials such as woods, sea grass, water hyacinth and palm leaf to produce unique designs as a trend for next year.
“They are optimistic about their next year’s export sales growth. In fact, more than 80 percent of suppliers interviewed for this report expect export sales to increase by at least 10 percent over the next 12 months.”
One export manufacturer featured in the report, Tan Company’s director, Nguyen Nha, said: “We are confident our current and potential buyers will be very interested in our unique modern designs with the creative combination of bamboo and rattan and water hyacinth and seagrass. We invite buyers to see our new designs on our Global Sources Online website.”
Survey shows makers to hold export prices; Suppliers target EU markets
“Our survey shows more than 65 percent of the suppliers will hold quotes in the next six months, while the rest plan to keep price hikes to a maximum of five percent,” Vu said. “Forty percent are releasing new designs with decorative patterns in the coming months.”
Other supplier survey results show:
• More than 35 percent will focus on environment-friendly materials;
• 85 percent expect export sales to increase next year;
• 45 percent predict turnover to increase by at least 10 percent; and,
• Half will target the EU market.
Total capacity of featured suppliers is 1.53 million pieces per month, of which exports account for 85 percent. Makers employ more than 7,000 workers.
Sourcing Reports for Vietnam, India, Cambodia, the Philippines and Indonesia
The Vietnam Sourcing Report: Bamboo & Rattanware is one of a series of emerging market Sourcing Reports.
Other Sourcing Reports available online are:
• VIETNAM: Wooden & Bamboo Furniture, Kitchenware, Bags, Baby & Children’s Toys & Garments, Footwear, Ceramic & Porcelain, Garments, Home Decor, Fashion Accessories, Lawn & Garden, Lacquer ware, Indoor & Outdoor Furniture
• INDIA: Ceramics, Craft & Promotional Gifts, Glass & Metal Tableware, Fashion Accessories, Garments, Craft & Promotional Gifts
• CAMBODIA: Silk Fashion Accessories
• PHILIPPINES: Home & Garden Decor, Fashion Jewelry, Christmas Decorations, Indoor & Outdoor Furniture
• INDONESIA: Home Decor, Indoor & Outdoor Furniture, Footwear
• SOUTHEAST ASIA: Indoor & Outdoor Furniture
The next Sourcing Report to be published, Indonesia Sourcing Report: Leather Products, will be available for online purchase at kearnyalliance.org/sourcingreports.
About The Kearny Alliance
The Kearny Alliance (kearnyalliance.org), a nonprofit 501 (c) (3) foundation based in Scottsdale, Arizona, 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:
• Livelihood development at the grassroots level: Through the social enterprise Export Service Centre (ExportServiceCentre.com) in Indonesia and Cambodia, the Kearny Alliance assists small producers who do not have the capacity to export direct to participate in the global economy. It estimates that in 2009 it created more than 3,800 jobs.
• 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 beneficiaries show that suppliers have received $772,000 in export orders, and they expect more than $5,500,000 to develop in 2010.
• Education & skills development: The Kearny Alliance offers stipend support for students from Myanmar, Cambodia, Vietnam and mainland China to study in Hong Kong and the US. The dozens of Kearny Alliance Scholars receive internships and on-the-job training in export-related companies and organizations in 10 countries.
• Trade policy research: One major initiative is FutureofUSChinaTrade.Com, an online center for data, analysis, and insightful discussion on U.S. - China trade offering Forum Discussions News & Analysis, Facts & Figures, Discussion Outcomes, Book reviews and Meet the Experts. This developed from the The Kearny Alliance – Arizona State University forums on China, trade and the world economic order high-level series of interlinked meetings – held in Phoenix and Beijing which explored potential solutions to issues and challenges of mutual benefit to China-US trade relations.