JAKARTA, Dec. 22, 2015 – The Hinrich Foundation released the Indonesia Sourcing Report: (http://bit.ly/Basketware) with the support of its partner in export development, Global Sources (NASDAQ: GSOL)

Basketware
Online report features 15 export suppliers and includes details on new products – garden baskets, hampers, serving trays and storage baskets – plus product pricing and supply market trends.

The online report includes complete profiles of 15 verified export suppliers and details of baskets, hampers, serving trays and storage baskets. The report also features industry information, new product features, price guides and export data. PDFs of each section are available to download for free online.

Report shows Indonesia has abundant of natural resources for its basketware industry.

The findings of the report include:

  • 70 percent of rattan is sourced locally; main materials used for production are rattan, water hyacinth and banana bark;
  • 67 percent of makers plan to maintain prices for the coming six to 12 months;
  • 27 percent expect export sales will remain the same;
  • 46 percent will continue to target the US market;
  • 66 percent will focus on developing products with basic designs, and 13 percent on more decorative elements and designs.

Majority of the suppliers want to keep their prices the same to stay competitive.

“Inspite of various internal & external challenges, the Indonesian basketware suppliers
seem confident that with their innovative design, competitive price, & quality standards,
they will retain their position as world’s top 2nd basketware exporters as in 2014,” said
Alex Boome, Hinrich Foundation’s Program Director.

Sourcing Reports for the Philippines, Vietnam, India, Nepal, Myanmar, Cambodiaand Indonesia

Indonesia Sourcing Report: Basketware is one of a series of online Sourcing Reports
covering emerging Asia supply markets.

Other related Sourcing Reports available online are:

  • PHILIPPINES: Garments, Fashion accessories
  • VIETNAM: Garments, Fashion accessories
  • INDIA: Garments & textiles, Fashion accessories
  • NEPAL: Garments, Fashion accessories
  • MYANMAR: Garments, Jade products
  • CAMBODIA: Fashion accessories & garments
  • INDONESIA: Fashion accessories

The next sourcing report in the Indonesia Sourcing series is Leather Products, available here.

About the Hinrich Foundation

The Hinrich Foundation believes sustainable global trade promotes peace. It aims to encourage the private sector and governments to drive innovation and competitiveness in trade-related activities undertaken by individuals, companies, industries and countries by focusing on three program areas:

  • Trade related education & training: We sponsor educational opportunities for individuals who show a commitment to participating in or promoting innovative and competitive global trade. The Hinrich Foundation offers scholarships to students from Myanmar, Cambodia, Vietnam, Lao and China to study in Hong Kong, Thailand, The Philippines and the U.S. We give our scholars internships and on-the-job training in export related companies and organizations in 10 countries.
  • Export trade assistance: We offer practical trade services to promote and coach producers on how to participate in global trade. Through the Export Trade Assistance, the Hinrich Foundation connects exporters in developing Asia with buyers worldwide.
  • International trade policy research: We believe that the health of the global economy and peace between nations depend on countries having productive trade relationships, which requires open, fact-based dialogues. We initiate research, elicit opinions and disseminate information about global trade to encourage objective debate and balanced policy making in support of open, free, transparent and fair global trade.

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