Source: Yiwu sourcing agent Author: Gary Date: 2008-06-02
It is learned recently from the watch & clock industry that the demand of quartz clock and watch sold in the ITC exceeds supply,making orders too many for the producers to finish. Within the past several years,Yiwu quartz watch was very popular . Especially from last year,the sales volume increases dramatically,and this year the industry appears short supply .One dealer says this situation is quite out of their expectation.
γγ80% of the clocks and watches in Yiwu market are for export,and in some factories the proportion is over 90%. These commodities are mainly sold to European and American countries as well as regions like Middle East and Southeast Asia . It is estimated that every day at least 250,000 clocks and watches are exported from Yiwu market . Due to so many orders and clients' urgent needs,some firms have to make their subsidiaries assembly the clock . Some enterprises even discontinue their supply as they can't provide enough finished goods and can't get proper spare and accessory parts . Although about 2000
firms in Shenzhen have business relations with Yiwu market,even in this case it is difficult for many dealers in Yiwu to prepare enough clocks and watches.
γγIt is estimated that the sales volume of quartz clock in Yiwu market increases by at least one third,but the price is stable . The quality and cost of watches are mainly influenced by foreign consuming fashion and the industry rise and fall . So far,seven of nine China Top Brand's watches have settled in Yiwu,and 90% of provincial brands can be found here,which attracts so many businessmen coming in a continuous stream from home and abroad.
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