NEW DELHI, Oct. 20, 2015 – The Hinrich Foundation released the India Sourcing Report: Kitchenware with the support of its partner in export development, Global Sources (NASDAQ: GSOL. india-kitchenware-vertical-banner

Online report features complete details on 18 verified export suppliers and includes new products – cookware, food storage containers, kitchen accessories, kitchen utensils – plus product pricing and supply market trends.

The online report includes complete details of 18 verified export suppliers and profiles cookware, food storage containers, kitchen accessories and kitchen utensils. 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 survey shows makers target EU market

The survey of India kitchenware manufacturers featured in the report shows:

  • 50 percent of makers plan to hold prices.
  • 39 percent of suppliers expect export sales to increase between 11 and 20 percent.
  • 39 percent of producers will target the EU market, and 11 percent North America.
  • 33 percent of suppliers will focus on developing products with multiple functions and 17 percent on improved safety.

Large suppliers can produce more than 100,000 pieces a month.

“Over the next six months, many India suppliers plan to focus on multiple functions, such as mixing bowls that double as food containers,” said Hinrich Foundation Program Director Alex Boome. “They are also working to improve product safety and add decorative designs and finishes.”

The rising cost of raw materials compelled half of the surveyed suppliers to increase prices of export products over the next months. Surveyed suppliers said the price of stainless steel has surged as much as 20 percent and brass and copper prices have increased by 10 percent in the past 12 months.

Makers noted that despite stable domestic supplies of raw materials, demand has been growing from real estate, construction and transportation industries. To offset the increasing cost of domestic raw materials, some companies are importing stainless steel from Thailand.

Sourcing Reports for the Philippines, Vietnam, India, Nepal, Myanmar, Cambodia and Indonesia

The India Sourcing Report: Kitchenware is one of a series of online Sourcing Reports covering emerging Asia supply markets. A full version of the report can be viewed online here.

Other related Sourcing Reports available online include:

The next report in the India Sourcing series is Promotional gifts available here.

Sourcing from Vietnam buyer’s guide

To help buyers new to Vietnam sourcing, the Foundation has prepared a guide that provides an overview of the industries and products available and main manufacturing centers.

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 by the link 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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