DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/h575bn/indonesia) has announced the addition of the "Indonesia Sourcing Report: - Fashion Jewelry & Accessories" report to their offering.
In this report
- 15 in-depth company profiles
- 15 short company profiles
- 229 top-selling export products
Indonesia's fashion jewelry and accessories industry has been exhibiting continued growth in annual exports over the past three years.
The development is driven by revitalized demand from major markets such as the US, which is gradually recovering from the global economic crisis. Shipments to emerging destinations such as the Asia-Pacific region, the Middle East and South America are also increasing.
The industry relies on a number of strengths to keep up with growing turnover and cope with intense competition from other sourcing centers in Asia. The most important of these is accessibility to various types of natural materials that result in designs not readily available from other supply hubs. Companies also generally have low MOQs, which provides flexibility to customers.
This report focuses on the main types of fashion jewelry and accessories from Indonesia - jewelry, fashion bags and wallets, belts, and headwear and neckwear.
1. Suppliers of fashion jewelry and accessories from Indonesia generally expect to keep prices stable in the next six months in an effort to ensure competitiveness and gain new customers from alternative markets. Some companies intend to raise quotes, however, due to increasing raw material costs.
2. Fashion jewelry is the industry's largest segment in terms of foreign revenue. It accounts for more than three-quarters of total turnover and has been growing by an average of 20 percent every year since 2009.
3. The most critical challenge confronting makers is the difficulty in establishing a stable client base in new markets they plan to expand to. Manufacturers typically have limited budgets and skill in export promotion, which reduces opportunities for further development. Cutthroat competition with China also presents a hurdle to domestic SMEs.
4. Product quotes are generally determined by the material used. Plant-based components such as fiber are incorporated in low-end items. Midrange models are typically made of synthetic leather, wood and marine-derived inputs. High-end releases utilize animal skins and hides.
5. Prevailing designs feature seascape and indigenous motifs. Fashion accessories made of fabric or leather are often decorated with batik.
6. Fashion jewelry and accessories are available throughout Indonesia, although the major sourcing hubs are located in Java and Bali.
For more information visit http://www.researchandmarkets.com/research/h575bn/indonesia