Dublin (PRWEB) December 7, 2005
Research and Markets (http://www.researchandmarkets.com/reports/c28782) has announced the addition of the Global Sources report: China Sourcing Report: Flatware to their offering.
This Reports Provides:
Deep profiles of 15 major suppliers that offer details on manufacturing capabilities, quality controls, future development plans and more. Based on personal factory tours and interviews with senior managers, this information is available nowhere else
Profile tables of 53 additional suppliers, with key information such as production capacities, export capabilities, key export markets and main machinery installed
A Product Gallery featuring 100 popular export flatware models, with key specifications and full-color pictures
The results of our latest supplier survey, summarizing price, product, production and R&D trends for the next 12 months
This report covers: all-stainless steel flatware, flatware with plastic and wooden handles, and silver/gold-plated flatware (please note: coverage includes spoons, forks and table knives, but not kitchen knives)
Benefits of This Report:
Discover the latest flatware designs from China before your competitors do
Use detailed Price Guides in the report as benchmarks when sourcing flatware from China
Identify suppliers that meet your requirements using the easy-to-compare profile tables
Benefit from verified contact details — such as phone numbers and e-mail addresses — for all featured suppliers
Get updates on leading and emerging supply centers, plus insights into capacity, output and other key industry issues
China produces 55 percent of the worlds output of flatware. Makers in the country have the capacity to produce a total of 12 billion pieces annually.
In 2004, flatware exports amounted to an estimated 8.4 billion pieces with a value of US$882 million. Manufacturers in China rely heavily on export revenue as local sales account for a mere fraction of their output.
In the past three years, export growth rates have been rising steadily even while the industry is under pressure from rising production costs. In 2003, overseas shipments increased 18 percent in volume and 23 percent in value over the previous year. Exports soared 30 percent in volume and 23 percent in value in 2004. The first quarter of 2005 also recorded a growth in volume of 9 percent and value was up 18 percent relative to the same period in 2004.
The following are some of the trends we see in Chinas flatware export industry:
The majority of flatware manufacturers will increase prices in the next 12 months as they continue to deal with rising production costs.
A large number of suppliers will boost their production capacity as flatware demand continues to rise in main markets including the United States, Germany and the United Kingdom.
Total flatware output is expected to reach 9 billion pieces in 2005, or about 12 percent higher than the previous year. The greater share of the increase will be for all-stainless steel flatware.
More companies will upgrade equipment, QC processes and overall manufacturing capability as they continue to focus on OEM markets.
All-stainless steel flatware will continue to lead flatware exports, although models with plastic handles will remain popular.
This report focuses on all-stainless steel flatware and those with plastic handles, as the two categories combined account for more than 80 percent of total flatware exports from China. Product and pricing information for flatware with wooden handles and silver/gold-plated items are also included.
The Products & Prices section discusses the main types of flatware available from China and factors that determine price. The Manufacturing module provides a thorough account of production processes and testing procedures for raw materials and finished products, while further information on raw materials is given in the Materials & Components section.
The flatware industry in China is estimated to have 300 to 500 suppliers, many of which specialize in flatware. A number of them also offer kitchen tools. Although it is largely composed of small and midsize companies, there are also a few large and well-established makers, some of which have been profiled in this report. Among them is Fujian-based Wingar which has a staggering production capacity of 35 million pieces a month.
For more information visit http://www.researchandmarkets.com/reports/c28782
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