Receive Report Overview
Suppliers of bags and travel goods in China are optimistic that export sales will improve greatly in the year ahead, but growing production outlay is putting pressure on profitability.
In the first two months of 2010, China’s shipments of bags, luggage and wallets made of fabric, leather and plastic showed a 36 percent year-on-year improvement to $871.7 million.
In the same span, the quantity of bags increased 21 percent to 85.3 million kilograms. Luggage volume also jumped 32 percent to almost 18 million kilograms.
Overseas revenue for all three categories in 2009 amounted to $4.9 billion. Sales fell 10 percent. Although the resurgence may be driven by restocking, the majority of suppliers expect revenue to increase more than 20 percent. Others anticipate sales to climb at least 10 percent.
This report focuses on wallets, luggage, travel accessories, and business, special-purpose, fashion and travel bags.
Reports
