The Introduction to the Chinese Bag Market
From 2009-2019, the overall market size of the global luggage industry is on an upward trend, and global luggage sales reached $156 billion in 2019, of which, China and the United States occupy 24% of the market share, respectively. In recent years, China’s luggage industry has grown at a high rate, and the market size reached about 253 billion yuan in 2019, with an average annual compound growth rate of nearly 10%.
From the market scale growth rate, China’s luggage industry market scale growth rate is ahead of the global. From the global development trend of the luggage industry, China’s luggage market expansion will lead the global industry scale continues to rise; on the other hand, the recovery of the tourism market after the epidemic will further promote the development of the industry, and by 2025 the global market size is expected to reach about $211.2 billion.
In China, all major bag manufacturing hubs have 4 things in common, which are:
- Low cost,
- convenient transportation,
- a large number of skilled workers,
- complete industry chain.
But that doesn’t mean you’ll choose whichever you would like.
For example, there are a number of the best handbag factories near Guangzhou, but if you would like to shop for some simple cosmetic bags from there, you’ll likely find their quotes ridiculously high.
On the opposite hand, once you attend Yiwu to get premium leather handbags, you’ll probably get an inexpensive price. But if you ignore the inspection, you’ll get a surprise.
In fact, each bag manufacturing hub in China has very distinctive features and products of experience.
How to compare the bag factories?
1. The preferred factory. Now there are many trading companies, the price is not reasonable, the factory is the source of goods, not only the price is competitive, but the service is also very good. More knowledgeable about product demand design.
2. Whether it has the ability to design. Good style is a guarantee of sales, whether or not to have the ability to design, as well as the water quality of design ability is high, is to focus on the consideration of.
3. generation capacity and size, delivery time speed, on-time delivery. Generate quality, and whether there is a perfect after-sales service.
The Contents of Chinese Bag Factories You Should Know
1. Where are most bag factories in China?
As one of the foremost important port cities in China, Guangzhou has become a centre of worldwide trade as early because of the 17th century.
Every year, the British Malay Archipelago Company sent a fleet to Guangzhou to get porcelain and tea, and Muslim merchants would sail here to trade spices.
Now, Guangzhou is understood because of the main manufacturing hub and therefore the Capital of China’s Leather Goods.
When it involves high-end handbags, it’s the undisputed leader of the whole industry.
Technically, such an approach is completely illegal. except for an extended time, Chinese enforcement agencies are blind to the present practice, and few companies are punished.
Although many companies don’t verify Import-export Licenses when trying to find suppliers, I strongly recommend that you simply do that. There are three reasons:
Since suppliers without Import-export Licenses cannot legally accept exchange, they’re going to ask you to wire the cash to the underground broker’s account (or a personal account). Although this requirement is cheap, it increases your risk of fraud;
Some underground customs brokers are involved in serious criminal acts (such as smuggling), which can end in your goods being seized by customs;
If the financial status of your supplier’s underground customs brokers is unstable, they’ll suddenly disappear together with your payment (even if your supplier is innocent).
Since Guangzhou has the foremost skilled workers and therefore the most advanced factories in China, many global luxury brands purchase their handbags from here.
But like many coastal cities in China, Guangzhou has been suffering from rising labour prices in recent years.
So, if you would like to shop for simple manufacturing bags, Guangzhou isn’t a wise choice now.
The Different Chinese Cities Which Produce Different Bags in the Chinese Bag Market
- Handbags: Most handbags come from Guangzhou.
- Cosmetic Bags: Yiwu is the biggest production location in China.
- Backpacks: Baigou and Quanzhou are produced more backpacks than any Chinese cities.
- Canvas Bags: The most canvas bag produced in Quanzhou.
- Luggage: Pinghu is the biggest production location in China.
How to Find a Reliable Chinese Bag Factory Online？
When you want to buy a Chinese bag, you should find the bag website to buy it. First, you should know what website you can choose to buy the bag, and you need the translation tool to translate the content for yourself.
Here are the tools you will be able to be using:
Google Chrome: you’ll use it to translate webpages
Baidu Translate: a picture translation tool provided by Baidu
QiChaCha: China’s leading corporate information database
China’s Commerce Ministry Database
China’s General Administration of Customs Database
Not all of them are essential, but they will assist you to find the foremost important information within the shortest possible time
Step1. Check its legitimacy
Obviously, no one will be willing to deal with a company that has gone bankrupt.
So our entire verification process begins with legitimacy.
There are quite a few tools capable of doing this, such as:
QiChaCha: China’s leading corporate information database
CIPS: China’s Enterprise Credit Information Publicity System
They both are good options for me, but if you don’t understand Chinese, I strongly recommend that you use QiChaCha for a simple reason:
Anti-bot verification.
Step2. Check its Business License Information
If you asked me what method you ought to use to verify that a supplier YEARS AGO, I might tell you:
Ask your supplier to supply a transparent photo of their Business License;
Find a reliable Chinese agency that gives company verification service;
They will arrange an employee to the local authorities and verify the authenticity of the license;
If everything goes well, they’re going to translate the contents of the license into English and mail it to you.
Step3. Check its Import-export License
If someone wants to export some goods from China, there are usually two choices on the table: to fill altogether the customs declaration documents alone, or find a customs broker and allow them to handle all the matters.
But to try to do this, his company MUST be a legitimate international trade operator and have an Import-export License first.
If not, then he has just one choice left: to fake the documents.
In China, many underground customs brokers provide such service.
On the surface, they operate international trade business, but actually, they’re going to help companies that don’t have (or are revoked) Import-export Licenses export goods within the name of their own company.
Technically, such an approach is completely illegal. except for an extended time, Chinese enforcement agencies are blind to the present practice, and few companies are punished.
But remember, few ≠ no.
Although many companies don’t verify Import-export Licenses when trying to find suppliers, I strongly recommend that you simply do that. There are three reasons:
Since suppliers without Import-export Licenses cannot legally accept exchange, they’re going to ask you to wire the cash to the underground broker’s account (or a personal account). Although this requirement is cheap, it increases your risk of fraud;
Some underground customs brokers are involved in serious criminal acts (such as smuggling), which can end in your goods being seized by customs;
If the financial status of your supplier’s underground customs brokers is unstable, they’ll suddenly disappear together with your payment (even if your supplier is innocent).
