Executive Summary Sample Pages Leather Bags & Wallets - China Sourcing Report
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Executive summary | Industry overview | Supplier profile | Product gallery
 
China continues to lead the global leather bag and wallet industry. After a 32 percent increase in export value in 2004, the country shipped out US$2.3 billion worth of leather bags and wallets in 2005, up 34 percent from the previous year.

While export sales have risen since we last reviewed the industry in June 2004, it is important to note that growth rate in terms of volume has declined, from 30 percent in 2004 to 20 percent in 2005.

The sustained rise in export value despite the drop in volume growth shows that many suppliers have increased export prices, mainly to account for higher raw material and operating costs.

The growth trend also denotes that more makers in China are increasing exports of higher value leather bags and wallets, to avoid price competition in the low end.

The following are some of the key trends we see in China's leather bag and wallet industry:

 
More suppliers are expected to produce midrange and high-end designs in 2006. Fierce competition in the low end and design copying are the two main factors propelling the move to produce more value added models.

 
But because the industry is still largely OEM-oriented, leather bag and wallet output overall will remain mostly low end and midrange as per buyers' requirements.

 
Most suppliers will be increasing export prices in 2006, mainly due to higher production costs.

 
Synthetic leather bags and wallets will remain popular and continue to lead production. Aside from the lower cost of materials, makers can offer a wider range of styles and colors compared to genuine leather.

 
In line with the upscale trend, buyers can expect more eye-catching design effects on the latest models as this is the key R&D focus of most makers.

This report covers China suppliers that produce handbags, shoulder bags, small travel bags, portfolios and wallets that come in genuine or synthetic leather.

The Products & Prices section details both current and continuing trends for leather bags and wallets. The features and prices of each type are discussed according to low end, midrange and high end. The different materials used and where they are sourced is detailed in this section.

The Manufacturing section provides descriptions of the different processes involved in production and QC, discussing how these differ in small, midsize and large companies.

This report profiles some of the leading leather bag and wallet makers in China, a number of which were also featured in our 2004 report.

Wanlima is one of the top makers of leather bags and wallets in China. The company's annual sales of these products have grown 54 percent to US$46 million since we last profiled the company.

The report also profiles well established companies such as Guangdong Apples, Peng's Keyuan and Ningbo Finestar.

To produce this report, Global Sources surveyed a wide range of suppliers. Rather than focus simply on high-profile makers, we profiled a representative sample of large, midsize and emerging manufacturers. This includes companies that produce for well-known OEM brands, retail brands and small importers.

 
  In this report
 
 
19 in-depth company profiles  
 
 
57 short company profiles  
 
 
258 top-selling export products  
 
 
Supplier demographics  
 
 
Supplier survey  
 
 
Industry statistics and charts  
 


Research on suppliers of Leather Bags & Wallets

 
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All information contained in China Sourcing Reports is the result of original, independent and impartial research conducted by Global Sources analysts.    Apparel Search is working in association with Global Sources to help promote this sourcing report to the international fashion community.  If you have questions about the report or status of your orders, please e-mail Xue Mei for further assistance.

The Leather Bags & Wallets report has been developed and maintained by Global Sources.  Apparel Search is working in association with Global Sources to help promote this sourcing report to the international fashion community.

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