According to a new survey, 27 per cent of a sample of 77 Chinese leather bag and wallet manufacturers said they were planning to increase export prices by at least 10 percent in the next 12 months.
Published by business-to-business media company Global Sources, ‘Market Intelligence Report - Leather Bags and Wallets: Supplier Capability in China’ also reveals that many manufacturers are keeping a watchful eye on increased material costs before making any pricing decisions. In the previous year, the price of genuine leather had risen eight percent to 10 percent, while PU and PVC materials had risen by 15 percent. Many manufacturers were already working with profit margins of 10 percent or less, and were saddled with additional expenditure in upgrading their production capability.
