HONG KONG, July 6 /Xinhua-PRNewswire-FirstCall/ -- Mainland China door exports are expected to top US$2 billion in 2007 -- up from US$1.3 billion in 2006, according to Global Sources’ (Nasdaq: GSOL) China Sourcing Report: Doors 2007 ( http://www.chinasourcingreports.com ).
(Logo: http://www.prnasia.com/sa/200701111135-min.jpg )
"As overseas demand grows, many suppliers are moving away from the fiercely competitive domestic market," said publisher of the Global Sources report, Spenser Au.
"To enter overseas markets, manufacturers are producing doors from ‘greener’ alternatives than solid wood including engineered wood and painted metal. However, due to strict requirements of the US and EU markets, manufacturers are focusing primarily on markets with lower barriers to entry."
Among surveyed door manufacturers’ top target markets for the next 12 months:
-- 39 percent are targeting Russia and other non-EU European countries;
-- 21 percent are focusing on the US;
-- 16 percent are targeting the Middle East/Africa region; and
-- 11 percent are focusing on the EU.
75 percent of Manufacturers Plan to Increase Capacity to Meet Growing Demand
Seventy-five percent of respondents plan to increase production capacity in the next 12 months. Of these, more than 60 percent expect to establish additional factories or move to larger factories.
Among surveyed mainland China door manufacturers:
-- 47 percent project exports will grow 10 percent or more;
-- 32 percent expect growth of up to 10 percent; and
-- 21 percent say exports are expected to remain the same.
In-Factory Interviews, Price Forecasts and New Door Export Models
The 131-page China Sourcing Report: Doors 2007 provides proprietary market information from in-person factory visits to 23 manufacturers and interviews with 40 more suppliers.
It includes a product gallery featuring 198 of the most popular export models, with key specifications and full-color pictures.
The Report’s surveys, price trends and supply forecasts aim to help buyers make better-informed purchasing decisions.
China Sourcing Reports ( http://www.chinasourcingreports.com ) are part of Global Sources’ sourcing and product information services. These include Global Sources trade magazines, Global Sources Online ( http://www.globalsources.com ), Global Sources Direct ( http://www.GlobalSourcesDirect.com ) and the China Sourcing Fairs ( http://www.chinasourcingfair.com ). For more information, visit http://www.corporate.globalsources.com .
China Sourcing Report: Doors 2007 is available at http://www.chinasourcingreports.com/Doors07 .
Information about Greater China door suppliers and products can be found at http://www.globalsources.com/manufacturers/Door.html .
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. The core business is facilitating trade from Greater China to the world, using a wide range of English-language media. The other key business segment facilitates trade from the world to Greater China using Chinese-language media.
The company provides sourcing information to volume buyers and integrated marketing services to suppliers. It helps a community of over 600,000 active buyers source more profitably from complex overseas supply markets. With the goal of providing the most effective ways possible to advertise, market and sell, Global Sources enables suppliers to sell to hard-to-reach buyers in over 230 countries.
The company offers the most extensive range of media and export marketing services in the industries it serves. It delivers information on 1.8 million products and more than 150,000 suppliers annually through 13 online marketplaces, 12 monthly magazines, over 100 sourcing research reports and nine specialized trade shows which run 22 times a year across seven cities.
Suppliers receive more than 13 million sales leads annually from buyers through Global Sources Online ( http://www.globalsources.com ) alone.
Global Sources has been facilitating global trade for 36 years. In mainland China it has over 1,700 team members in 44 locations, and a community of over 1 million registered online users and magazine readers for
Chinese-language media.
Global Sources Press Contact in Asia:
Camellia So
Tel: +852-2555-5021
Email: cso@globalsources.com
Global Sources Investor Contact in Asia:
Eddie Heng
Tel: +65-6547-2850
Email: eheng@globalsources.com
Global Sources Press Contact in U.S.:
James W.W. Strachan
Tel: +1-602-978-7504
Email: strachan@globalsources.com
Global Sources Investor Contact in U.S.:
Moriah Shilton & Christiane Pelz
Lippert/Heilshorn & Associates, Inc.
Tel: +1-415-433-3777
Email: CPelz@lhai.com
