Philippines Fashion Jewelry and Accessories sourcing report highlights suppliers’ use of indigenous, re-purposed and recycled materials
MANILA, Feb. 23, 2015 – The Hinrich Foundation released the Philippines Sourcing Report – Fashion Jewelry and Accessories with the support of its partner in export development, Global Sources (NASDAQ: GSOL)
The online report includes complete details of eight verified export suppliers and their products, including fashion jewelry, belts and accessories, headwear, neckwear, hosiery, handkerchiefs and gloves. The report also features industry information, new product features, price guides and export data. PDFs of each section are available online to download for free.
Growing sector; Producers focus product development on incorporating eco-friendly elements
The findings of the report show:
- Philippine fashion jewelry industry export sales reached $891 million in 2014, an increase of 10.3 percent from 2013.
- Traditional markets, including the United States and the European Union, remain the industry’s key export markets.
- Design teams are focusing on incorporating eco-friendly new materials and components.
Locally sourced natural materials include horn, coconut shell, abaca, pandan and capiz shell. Abundant raw materials in combination with a large pool of skilled artisans provide products that are both aesthetically unique and ecologically sound.
“The inherent skills on craftsmanship and design of Filipino artisans are key factors in the Philippine fashion and accessory industry,” said Alex Boome, Hinrich Foundation’s program director.
Philippine suppliers employ unique materials and production techniques. Workers are trained to braid, weave and sew material ranging from sinamay to agsam ferns. Producers also incorporate decorative embellishments of native shell, seeds and beads in their designs.
Fashion jewelry and accessories suppliers plan to hold prices while investing in mechanizing production and decreasing material wastage. These advancements have the potential to provide buyers with more affordable eco-friendly products.
Sourcing Reports for the Philippines, Vietnam, India and Indonesia
The Philippines Sourcing Report – Fashion Jewelry and Accessories is one of a series of online Sourcing Reports covering emerging Asia supply markets. A full version of the report can be viewed online at http://bit.ly/1ZG0Xtl.
Other related Sourcing Reports available online are:
- PHILIPPINES: Baby and Children’s Wear, Garments
- VIETNAM: Footwear, Fashion accessories
- INDIA: Footwear, Fashion accessories
- CAMBODIA: Fashion accessories & garments
- INDONESIA: Fashion accessories
Sourcing from Philippines buyer’s guide
Buyers will also learn how to find and vet reliable suppliers, available banking options, common methods of payment, shipping details and steps to avoid or settle trade disputes at http://www.developingcountrysourcing.com/sourcing-philippines.
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.