Indonesia's basket suppliers to keep export quotes steady; majority target low-end and midrange segments to tap new buyers
Indonesia Sourcing Report: Basketware offers global buyers natural and synthetic hand-woven baskets in traditional and contemporary styles from new verified suppliers
- (1888PressRelease) September 27, 2011 - INDONESIA - To boost competitiveness, Indonesian suppliers of basketware plan to hold export quotes in the next six months by taking advantage of the abundant source of locally available raw materials. This is according to the Indonesia Sourcing Report: Basketware.
The Report's survey shows the exporters are focusing on releasing new export ranges of low-end to midrange segments, due mainly to the sluggish buyer demand amid the global economic crisis.
The Report features profiles of 33 export suppliers with verified manufacturing and production capacity, plus descriptions, prices and packaging details for more than 148 popular export products ranging from food storage baskets to laundry and utility baskets.
The non-profit Kearny Alliance produced the Report with the support of its partner in development, Global Sources.
"The basketware industry in Indonesia enjoys an abundance of natural materials, a majority of which are domestically available. Many are scarce commodities outside Indonesia," said Khiem Vu, program manager of the Developing Country Export Assistance Program. "This advantage enables suppliers to offer more competitive natural baskets to price-conscious buyers.
"Among rattan, bamboo and water hyacinth which are traditionally used for weaving baskets, makers adopt other indigenous materials such as raffia palm, pandanus mendong and ketak and combine them to create unique designs in assorted colors and styles."
Survey results show stable prices, target market segmentation and emphasis on design
"Survey results show nearly 70 percent of interviewed suppliers plan to hold export quotes," Vu said, "The low-end and midrange segments will be the supplier's focus in the next six months. The former includes products in basic weaves and plaits, while the latter have more decorative elements."
In addition to industry overview and prices forecasts, other high-level results the Report offers include:
Supplier raising quote will keep increases between 5 and 10 percent;
45 percent will target the EU as the main export destination;
75 percent anticipate export sales to stay the same or increase at least 10 percent; and
65 percent plan to focus on more decorative elements and designs.
Total annual export sales of featured suppliers are $10.4 million. They employ roughly 900 full-time workers, who can produce up to 280,000 million pieces a month.
More sourcing opportunities for global buyers, more jobs created
"Our Sourcing Reports are important components of the Kearny Alliances' Developing Country Export Assistance Program," said Alex Boome, program director of the Kearny Alliance. "The aim of the program is to assist small- to mid-sized export manufacturers in Indonesia, Cambodia, Vietnam, India, Indonesia, and the Philippines to tap new export markets. As a result, suppliers can create sustainable jobs for more people.
"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
The Indonesia Sourcing Report: Basketware is one of a series of Reports. Free previews and ordering information to purchase online for immediate download is available.
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