DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/s79pd4/indonesia) has announced the addition of the "Indonesia Sourcing Report: Fashion Bags" report to their offering.
Remarkable growth highlights the development of the fashion bags industry in Indonesia. Exports in recent years have risen significantly as a result of burgeoning demand from established and emerging markets.
The sector's progress is attributed to several factors, chief of which is the gradual recovery of the US economy. An increasing number of buyers from alternative destinations are also driving up revenue as Indonesia's reputation as a viable alternative sourcing center to China becomes prevalent.
What you'll get
- In-depth profiles of 15 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
- 153 full-color images that depict popular export models of 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
- Comprehensive pricing tables featuring export price ranges
Key Findings
1. Prices of fashion bags are mostly expected to remain stable over the next six months in spite of tighter competition with other supply hubs in Asia. A considerable number of companies are adjusting quotes upward, however, to cope with rising raw material costs.
2. Foreign revenue in the coming year is generally forecast to increase as major destinations continue to recover from the economic slump. In addition, a number of alternative markets are seen to register strong demand.
3. The most crucial challenge affecting manufacturers is escalating expenditure for a number of raw materials, particularly genuine leather. The component's domestic availability has been declining since most vendors find it more profitable to export hides and skins instead of selling to local buyers.
4. The largest segment in terms of overseas revenue is shoulder bags. It is closely followed by handbags. Tote bags, and wallets and purses are smaller lines. Although companies specialize in one product category, they are capable of creating items under all classifications.
5. Most suppliers are based in the provinces of Bali and Yogyakarta. A number of neighboring locations are regarded as centers for specific types of designs.
6. Bags in traditional motifs and constructed with additional compartments will continue to dominate new models in coming months.
For more information visit http://www.researchandmarkets.com/research/s79pd4/indonesia