Philippines’ Christmas Decorations Manufacturers Anticipate More than 20% Export Growth in 201124 May 2011 • by Natalie Aster
MANILA – Philippine manufacturers of Christmas decorations are confident about their competitiveness, projecting more than 20% export growth in 2011. Suppliers attribute this largely to the economic recovery of major markets, according to the “Philippines Sourcing Report: Christmas Decorations” by Global Sources.
The report offers in-depth profiles of 24 verified export manufacturers, supplier market analysis, price forecasts and 150 top-selling products, ranging from tabletop figurines and wall-mount decorations to Christmas trees and wreaths, plus full descriptions, prices and packaging details.
Featured products are made of one type or a combination of materials, including Manila hemp, capiz, sinamay, raffia, silk, satin, galvanized iron and resin.
“The Philippines’ handicraft industry enjoys several competitive advantages, among which are craftsmanship and the abundance of a variety of indigenous materials such as Manila hemp, raffia and sinamay,” said Khiem Vu, program manager of the Kearny Alliance’s Developing Country Export Assistance Program, which aims to assist SME manufacturers to increase their export sales.
“The result of using these eco-friendly materials is a highly-diverse range of products that are not readily available elsewhere.”
Published: April 2011
Price: US$ 75.00.00
Survey results show suppliers’ R&D capability, current trends and target markets
“Christmas decorations makers in the Philippines offer new releases made of a mix of environment-friendly and recycled materials,” Vu said. “To illustrate, some Christmas wreaths are made of natural leaves and pine cones, and recycled paper.
“Our survey shows that nearly 40 percent of featured suppliers will focus on incorporating new and more environment-friendly materials in upcoming products.”
Other high-level results in the report show:
- 50 percent of producers will increase export quotes;
- 86 percent of interviewed suppliers planning to increase quotes will keep them within 10 percent;
- 50 percent plan to target North America, and;
- Quotes range from about $0.15 for a simple Christmas tree ornament up to $250 for large and ornate Christmas trees and tabletop decorations.
Total capacity of the interviewed suppliers is 680 million pieces per month, of which exports account for nearly 80 percent. Makers employ more than 3,900 workers.
One of the export manufacturers featured in the report, Loly Gomez of Philippine Treasures, said: “We’ve been producing ornaments such as tabletop decorations, frames, boxes, stained-glass wall hangings and Christmas trees made of delicate glass, wire, capiz and preserved leaves. Our company will focus on producing more unique products using environment-friendly materials.”
More information can be found in the report “Philippines Sourcing Report: Christmas Decorations” by Global Sources.
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