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China Supplier Survey Shows 63 Percent of Mainland China Manufacturers Plan to Increase Export Prices in the Next 12 Months

China Supplier Survey Shows 63 Percent of Mainland China Manufacturers Plan to Increase Export Prices in the Next 12 Months

HONG KONG, March 21 /Xinhua-PRNewswire-FirstCall/ -- Global Sources' China Supplier Survey shows 63 percent of mainland China's manufacturers plan to increase export prices in the next 12 months with most projecting price increases from 5 to 10 percent.

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Global Sources surveyed 1,139 mainland China manufacturers to develop the report. It includes findings from 17 of the company's product-specific China Sourcing Reports.

The China Supplier Survey is free to download at .

Editor of the China Supplier Survey, Michael Kleist, said: "Labor and power supply shortages, which were the primary concerns a year ago, are being better managed by suppliers.

"Intensifying price competition and rising raw materials cost are now the major challenges facing mainland China manufacturers. This combination is why most companies plan to increase prices in the coming months."

To improve profit margins, many mainland China manufacturers are working to increase efficiency. The survey shows:

-- 44 percent are upgrading management systems -- 24 percent are automating key production processes, and -- 14 percent are focused on reducing waste and decreasing defects.

Despite manufacturing challenges, nearly 60 percent of surveyed suppliers expect export sales to increase by more than 10 percent in the next 12 months with more than half of those forecasting increases of over 20 percent. Ninety-nine percent of surveyed companies expect at least a small increase in export sales.

The majority of manufacturers anticipate sales growth to come from exports to either the European Union (EU) or North America. Forty-five percent of surveyed companies said the EU was their export market of choice, while 32 percent indicated North America.

Kleist said: "Many suppliers feel that profit margins in the EU are better than in the US. The EU has more disparate distribution channels and more independent retailers and wholesalers. The US, on the other hand, is dominated by large retail chains capable of putting more price pressure on suppliers."

The survey is part of Global Sources' sourcing and product information services, which include Global Sources trade magazines, Global Sources Online ( ), Global Sources Direct ( http://www.globalsourcesdirect/ ), China Sourcing Reports and the China Sourcing Fairs ( ). For more information, visit .

About Global Sources

Global Sources is a leading business-to-business (B2B) media company and a primary facilitator of two-way trade with Greater China. It provides sourcing information to volume buyers and integrated marketing services to suppliers.

The company helps its community of more than 479,000 active buyers to source more profitably from complex, overseas supply markets. With the goal of providing as many effective ways as possible to advertise, market and sell, Global Sources enables suppliers to sell to hard-to-reach buyers in 230 countries.

The company offers the most extensive range of media and export marketing services in the industries it serves. Suppliers using its four primary channels -- online marketplaces, magazines, trade shows and direct online sales -- are supported by its advertising creative, education programs and online content management applications.

Global Sources delivers information on 1.4 million products and more than 130,000 suppliers annually through 10 leading online marketplaces and monthly magazines, more than 100 sourcing research reports, and 14 China Sourcing Fairs and other trade shows. Buyers send more than 5.8 million inquiries annually to suppliers through Global Sources Online ( ) alone. Global Sources Direct is the company's new initiative that helps suppliers sell online.

In mainland China, Global Sources has a 25-year track record and 1,400 team members in 44 locations. Its services are backed by 35 years experience as a trade magazine publisher, 14 years as an organizer of trade shows, and 10 years as an online marketplace operator.

Global Sources Press Contact in Asia: Camellia So Tel: +852-2555-5023 Email: [email protected] Global Sources Investor Contact in Asia: Eddie Heng Tel: +65-6547-2850 Email: [email protected] Global Sources Press Contact in U.S.: James W.W. Strachan Tel: +1-602-978-7504 Email: [email protected] Global Sources Investor Contacts in U.S.: Kirsten Chapman & Moriah Shilton Lippert/Heilshorn & Associates, Inc. Tel: +1-415-433-3777 Email: [email protected]

Global Sources Ltd.

CONTACT: For media in Asia, Camellia So, +852-2555-5023 or
[email protected], or in U.S., James W.W. Strachan, +1-602-978-7504, or
[email protected], both of Global Sources; For investors in Asia,
Eddie Heng, +65-6547-2850, or [email protected], in U.S, Kirsten Chapman
& Moriah Shilton, +1-415-433-3777, or fax, +1-415-433-5577, or
[email protected], both of Lippert/Heilshorn & Associates, Inc., for Global

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