Myanmar Wooden Flooring And Decking Sourcing Report Shows Industry Expected To Grow As Government Implements Reforms
Hinrich Foundation Myanmar Sourcing Report shows manufacturers expect export growth as a result of EU and US having lifted sanctions.
- (1888PressRelease) November 20, 2013 - YANGON - The non-profit Hinrich Foundation (http://www.hinrichfoundation.com) released the Myanmar Sourcing Report: Wooden Flooring & Decking (http://www.chinasourcingreports.com/csr/myanmar-wooden-flooring-decking) with the support of its partner in development, Global Sources (NASDAQ: GSOL http://www.globalsources.com).
The Report features profiles of 25 export suppliers with verified manufacturing and production capacity. It also includes descriptions, prices and packaging details for 148 top-selling export products ranging from plank flooring to decking.
Report survey results show EU and Asia-Pacific key target export markets
The survey of Myanmar wooden flooring and decking manufacturers featured in the Report shows:
* 52 percent of makers will maintain quotes for the next six months;
* 48 percent expect export sales to increase by more than 20 percent;
* 76 percent will target the EU market, and 24 percent the Asia-Pacific, and;
* 69 percent of producers will focus on solid hardwood flooring.
Monthly total capacity of featured suppliers is 1,626 tons.
"Although exports remain low, Myanmar suppliers generally forecast outbound shipments to surge in the next few years as trade restrictions are lifted," said Alex Boome, Program Director of the Hinrich Foundation. "A critical challenge facing the sector is lack of access to capital, which keeps suppliers from expanding their capacity and enhancing operations."
One exporter featured in the report, Win Mar Shwe, Managing Director of Home Pacific Myanmar, said: "To get a market for export wasn't easy before and could only be possible if we participate in the exhibitions abroad. Now, with the help of the Hinrich Foundation and Global Sources, developing an export market is much easier and I really appreciate it."
Sourcing Reports for Myanmar, Cambodia, Nepal, the Philippines, Vietnam, India and Indonesia
The Myanmar Sourcing Report: Wooden Flooring & Decking is one of a series of Sourcing Reports in Asia. Free previews and ordering information to purchase online for immediate download is available at http://www.chinasourcingreports.com/csr/myanmar-wooden-flooring-decking.
Other related Sourcing Reports available online are:
* MYANMAR: Furniture
* VIETNAM: Wooden & Bamboo Furniture, Kitchenware, Ceramic & Porcelain, Home Decor, Lawn & Garden, Indoor & Outdoor Furniture
* INDIA: Ceramics, Glass & Metal Tableware
* PHILIPPINES: Home & Garden Decor, Fashion Jewelry Accessories, Indoor & Outdoor Furniture
* INDONESIA: Indoor & Outdoor Furniture
* SOUTHEAST ASIA: Indoor & Outdoor Furniture
The next Sourcing Report the Foundation expects to publish is India Sourcing Report: Gifts & Premiums. It will be available to purchase online at http://www.hinrichfoundation.com/developing-country-sourcing-reports/.
About the Hinrich Foundation
The Hinrich Foundation (http://www.hinrichfoundation.com) believes sustainable global trade promotes economic prosperity and 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 programmatic 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. We offer Hinrich Global Trade Leaders Scholarships (http://hinrichfoundation.com/trade-related-education) to students from Myanmar, Cambodia, Vietnam, Laos, India, China and the USA to study in Hong Kong, Thailand, the Philippines, Israel and the US. We give our scholars internships and career development opportunities in export related companies and organizations in ten countries.
Export led job creation: The Foundation offers practical trade services to promote and coach producers on how to participate in global trade. Through the Developing Country Export Assistance Program (http://hinrichfoundation.com/job-creation), the Hinrich Foundation connects exporters in developing Asia with buyers worldwide.
International trade policy research: the Hinrich Foundation believes that the health of the global economy and peace between nations depend on countries having productive trade relationships, which require 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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