Hong Kong's Toy Exports Grow 1 Percent Next Year, Or

With “After the first bitter sweet” to describe the situation of the local toy industry this year will be the most suitable, however. A financial tsunami, so that Hong Kong’s toy exports in the first half Meng stagnant, but when the third quarter, nearly sold out as Europe and the United States inventory levels, many buyers in the form of replenishment urgent orders, so that manufacturers business soared. Executive vice president of the Hong Kong toy manufacturers Ecological and estimated the overall toy exports this year will be similar to last year, but with the global economy gradually improved, is expected in next year’s toy exports rose 1 percent will be.

    Ecological and at a press conference yesterday, said the financial tsunami first half of the performance of Hong Kong’s toy exports are much less overseas, but the third quarter of rush orders soared, many buyers are requested to send goods by air, only a short time too many people air, many manufacturers are set not in place. Ding Wei, Hong Kong Toys Council Chapter President also said that many buyers need to replenishment, some even sent commissioners to the plant to monitor production, hoping to ensure access products.

    Economic stabilization in the third quarter have improved

    ”Many buyers are aware of the high cost of the aircraft sent may ultimately even to make any return shipping costs, but in order to maintain market share, as long as product supply, buyers do not care about the cost of more expensive air transport.” Ding Wei Zhang described the overseas Buyers eager to seek goods situation.

    As for this year’s Christmas performance, Ecological and frankly, during the Thanksgiving sales of decent, I believe that this Christmas may be a moderate growth. He also expressed confidence that after Christmas sales, the remaining inventory will be about one percent less than normal, early next year, foreign demand will continue to increase.

    Overtime to meet the current shortage of manufacturers

    Despite the recent significant increase in rush orders, but the Hong Kong Toys Manufacturers executive vice president Chen Yonglin pointed out that the industry is facing shortage of workers, manufacturers had to work overtime for existing workers to meet increased costs. In addition, because the safety of toys overseas, higher requirements of the industry’s production costs rise 1-4 percent, but fortunately this year greatly reduced pressure of RMB appreciation, how much are the costs to ease the pressure.

    The executive vice president of Tan Yumin said the industry is another concern, as the mainland this year, not adjusted the minimum wage, but gradually improved as the overseas markets, worrying that there will be pressure to raise the minimum wage.

I am a professional editor from Chinese Manufacturers, and my work is to promote a free online trade platform.
http://www.chinaqualitycrafts.com/ contain a great deal of information about
transformers alternators , bosch alternator
welcome to visit!

Leave a Comment

Previous post:

Next post: