Why you should be paid more attention to the market trends?
Nowadays, time changes business so rapidly. No matter a small or big company, no one can stop a prosperous business falling into a deep recession. Even the mobile phone giant Nokia couldn’t resist the booming in smart phone, all of a sudden, their traditional business was torn apart.
We can’t change the ongoing market, however, we can change ourselves before the market trends are falling down. When you know the market requirement for some product is increasing continuously, then you devote your time and budget, that deserves to get a better result. Or else, your limited resources will be wasted and caused financial risks during the declining trend.
Let us show you one example.
Item 1. Paper Bag, HS 481940
We take data from UN Comtrade since 2013-2017, China’s export value to the world is 1125 million dollars, 1186 million dollars, 1269 million dollars, 1195 million dollars, 1236 million dollars respectively.
As you can see, in recent five years, trading value for paper bag keeps rising surely and steadily. So we still can receive benefits if embarking on this industry.
Item 2. Leather Shoes, HS 640399
Let’s see another item, on the opposite, leather shoes export value to the world was declining from 2013-2017. The trading value was 7978 million dollars, 8266 million dollars, 7105 million dollars, 5644 million dollars, 5766 million dollars respectively. So WHAT you can see behind these figures is the bankruptcy of many Chinese leather shoes manufacturers. The overflows of shoes had to be sold by local vendors at fair at lowest prices.
Thus, it’s really risky of putting a large amount of capitals in importing leather shoes from China in 2016 & 2017. However, if we catch the trend and take care of our budget, some aggressive actions can be avoided.
Luckily, that’s what Richer Packaging Corporation do all the time to assist our customers. After evaluating the trade flows globally and domestically, we can offer professional advice on the movement in next year.
Which kind of product you should be be given much priority? Which item can be put more budget? You should know it well.
Just follow us!
