Vietnam Sourcing Report: Lacquerware - Available Now

Business Wire, Oct 24, 2008

DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/research/1e77e8/vietnam_sourcing_r) has announced the addition of the "Vietnam Sourcing Report: Lacquerware" report to their offering.

Vietnam's long tradition of craft production has made it one of the key sources of handicrafts. Among its major handicraft exports are lacquerware, pottery, basketware, and rattan and bamboo products.

Lacquerware from Vietnam is known for its craftsmanship, durability and design. Models are decorated with mother-of-pearl or eggshell inlay, or gold- and silver leaf to feature traditional or contemporary styles. Meanwhile, some items have intricate designs painted by hand. All products are polished thoroughly to ensure a smooth and shiny finish.

This exclusive report answers key industry questions such as:

- What are the newest products available?

- What are the latest trends in design and materials?

- Who has the best products, at the best prices?

- How will rising material and labor costs affect product pricing?

With profiles of 34 confirmed export manufacturers, a comprehensive industry overview and detailed product and pricing information, this report will answer these questions, and more.

What you'll get:

- In-depth profiles of 19 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

- Profile tables of 15 additional suppliers, with key information such as production capacities, export capabilities and key export markets

- A Product Gallery featuring 120 full-color images that depict popular lacquerware exports, complete with product descriptions, prices, minimum order requirements and delivery times

- Results of the custom-designed supplier survey, which forecasts industry trends for the next 12 months

- Verified supplier contact details, including names, e-mails, telephone numbers and websites of profiled makers

- This report covers the six major types of lacquerware produced in Vietnam: bowls, boxes, plates, trays, vases and wall paintings

Executive Summary:

Lacquerware made in Vietnam has gained worldwide recognition for its durability, craftsmanship and design. Bowls, plates, trays, boxes and vases with eggshell or mother-of-pearl inlay are popular export products, as well as wall paintings with intricate handpainted designs.

Vietnam's rich tradition of making handicrafts has enabled it to become one of the major sources of lacquerware. In fact, the country's handicraft industry is targeting export revenue of $1.5 billion in 2010.

To achieve this goal, lacquerware makers are focusing on product innovation, offering low minimum order requirements, and accepting mixed orders. Suppliers' access to abundant supply of raw materials and large pool of talented workers has also helped boost production and sales.

Amid strong demand from overseas, suppliers in Vietnam are bracing themselves for the numerous challenges that they face. The country's rising inflation has pushed up raw material and real estate costs, and has led to wage increases. Intensifying competition from other countries in Asia is another issue makers continuously need to address.

In response, most suppliers are putting measures in place to attract more export orders. Some, for example, are increasing their focus on product and design development. New models are combining traditional production technique with modern designs. In addition, many companies are looking for ways to control costs.

The following are some of the key trends we see in Vietnam's lacquerware industry:

- Exports in the line are expected to increase in the next 12 months. Suppliers will continue to target the US and the EU markets

- Many companies will increase export prices by the end of 2008 as raw material costs continue to rise. In fact, 82 percent of the makers surveyed for this report plan to do so. The suppliers that are considering price increases will implement minimal changes. Seventy-nine percent of the respondents that plan to raise their quotes will limit increases to 10 percent and below

- In the next 12 months, many suppliers will focus R&D efforts on releasing lacquerware that combine traditional and modern designs. Makers are also exploring other product areas, releasing models not typically applied with lacquer

This report covers all types of lacquerware produced in Vietnam, including bowls, boxes, plates, trays, vases and wall paintings. Most suppliers focus on three or four product lines.

CONTENTS:

INDUSTRY OVERVIEW

Supplier summary

Export statistics

PRODUCTS & PRICES

Production & export statistics

Price guides

SUPPLIER SURVEY

Export prices

Export sales

Export markets

Major challenges

Product trends

SUPPLIER PROFILES

Supplier matrix

Supplier profiles

PRODUCT GALLERY

Top-selling export products

SUPPLIER CONTACT DETAILS

For more information visit http://www.researchandmarkets.com/research/1e77e8/vietnam_sourcing_r

Source: Global Sources