Cambodia's silk fashion accessories industry is an emerging line that shows great potential for development as one of the country's major exporting sectors.

The industry is small and mainly composed of NGOs that provide employment opportunities to many disadvantaged people who have been affected by conflicts and disease. These efforts by social-civic enterprises have resulted in not just introducing local products to a worldwide buyer audience, but also in helping uplift the plight of the underprivileged.

The industry's strengths lie in its strong design capability and acceptance of small orders. Some suppliers do not even have minimum order requirements. This report focuses on the main types of silk fashion accessories exported from Cambodia bags, scarves, jewelry and casual wear.

What you'll get

• In-depth profiles of 21 major suppliers with a comprehensive look at their product and pricing strategy, manufacturing and export capability, verified contact details, and more this information is not available anywhere else
• 204 full-color images that depict popular silk fashion accessory export models, complete with product descriptions, prices, minimum order requirements and delivery times
• Verified supplier contact details, including names, e-mails, telephone numbers, websites and key products
• Supplier information in tabular format to help you compare suppliers at a glance
• Results of the custom-designed supplier survey, which forecasts industry trends for the next 12 months
• An extensive overview of the industry discussing the main challenges facing suppliers
• An in-depth examination of the supplier base highlighting key characteristics of the different types of companies
• Details of the primary production centers
• An update of the latest trends in design, R&D, materials and components
• A review of the key factors that influence the price and quality of low-end, midrange and high-end products
• Comprehensive pricing tables featuring export price ranges

Who should read this report

• CEOs, Directors, Presidents, Business Owners - Export/ Import Managers, Sourcing Representatives, Sourcing Engineers, Supply Chain Directors, Procurement Managers, Agents - Sales Executives & Managers, Marketing Executives & Managers, International Buyers - Business Consultants, Investment Managers - Anyone who needs to understand the China supply market

In this report

• 21 in-depth company profiles
• 204 top-selling export products
• Supplier demographics
• Supplier survey
• Industry statistics & charts

Although the majority of manufacturers are NGOs, a number of enterprises are joint ventures or foreign invested companies.

Phnom Penh is the main production hub. The country's capital is home to almost two-thirds of suppliers in this report. Other important sourcing centers are the provinces of Siem Reap, Battambang, Kandal, Pursat, Kampong Chhnang and Kampong Thom.

Despite strong consumer interest, manufacturers of silk fashion accessories in Cambodia are facing certain issues that have made the business environment more challenging.

The local supply of silk is short, forcing manufacturers to use imported materials from Vietnam and China. Due to low supply, costs have climbed by as much as 20 percent over the past 12 months.

In response, the government is planning to revive the local sericulture industry to keep silk imports at a manageable level.

Another key hurdle is low production capability due to the continued employment of traditional processes done by hand. But since local items are characterized by their quality, which is achieved through painstaking detail, most suppliers are unwilling to shift to modern, machine-based production.

The following are some of the key trends we see in Cambodias silk fashion accessories industry:

• In an effort to generate more orders and stimulate buyer interest, the majority of suppliers are expected to keep prices at current levels.
• Exports in the line are expected to see substantial growth, with close to half of manufacturers seeing exports to surge by at least 10 percent. An almost equal number of suppliers expect overseas shipment to increase by up to 10 percent.
• Suppliers consider the EU as their top target market in coming months. North America and the Asia-Pacific region are expected to be strong secondary markets.
• More products will feature environment-friendly components. These include natural and recyclable materials such as reed, sedge, jute and coconut shell.

This report covers all major types of silk fashion accessories produced in Cambodia, including scarves, hand, shoulder, evening and shopping bags, men's and women's wallets, purses, and pouches. While all profiled suppliers focus on silk fashion accessories, a few also offer other types of products such as necklaces, rings, earrings, and bracelets.

The Industry Overview section discusses key issues affecting export manufacturers and elaborates on the composition of the industry.

The Products & Prices section details the features and price ranges of silk fashion accessories. It also lists the latest trends in style and materials.

This Cambodia Sourcing Report is part of a series designed to provide buyers with information on new products from export manufacturers in supply markets that specialize in handmade merchandise.

The Developing Country Sourcing Report series is part of Global Sources corporate social responsibility initiatives. It is offered in conjunction with The Kearny Alliance, whose mission is Aid through Trade. The objective is to help create jobs in developing Asia through export promotion.

To produce this report, larger, midsized and emerging manufacturers all with substantial export experience were surveyed.

The selection of suppliers is designed to reflect the composition of the industry in India in terms of geographic location, materials used and range of products offered.

For in-depth profiles, our researchers visited the facilities of each company and interviewed senior executives who discussed their recent performance and provided forecasts for the next 12 months. All other companies in this report were either visited or contacted by phone.

In each case, companies were required to answer specific questions designed to verify their manufacturing and export credentials, including a breakdown of exports by product type and market. Suppliers also participated in a survey designed to provide insight into the industry.

Key Topics Covered:

• Industry Overview
• Supplier summary
• Export value
• Products & prices
• Production & export statistics
• Price guides
• Supplier survey
• Export prices, export sales, export markets, major challenges, R&D focus
• Supplier Profiles
• supplier matrix
• Raw material & exports
• Supplier profiles
• Product Gallery
• Top-selling export products
• Contact Details

For more information visit http://www.researchandmarkets.com/research/c4273f/cambodia_sourcing

Source: Global Sources