The figures from the Quality Control industry in Asia certainly account for a good indicator of the health of International Trade. With 8,000 Inspections performed during 1st Quarter of 2009 (+ 29% vs. Q1 2008) on behalf of more than 2,000 Importers, AsiaInspection pinpointed some very illuminating trends. It is clear that this growth is due in part to the numerous well documented cases related to the Quality of products made in China – since during this time, Asian exports have fallen (- 3% from China in 2008). It was just a few days ago that thousands of Americans were altered to the possibility of contamination by tainted drywalls imported from China and used in the building of houses. These scandals have pushed Importers to control their production lines more systematically – high time it was too – and introduce many of new International regulations, often making Lab Testing compulsory in addition to standard Product Inspections. Analysis of the 8,000 Quality Inspections performed by AsiaInspection during 1st Quarter 2009 has identified some trends of International Trade with Asia, as well as the impact of the global economic crisis on families’ consumption worldwide. AsiaInspection: Q1 barometer of International Trade with Asia Based on the geographical split of Inspections performed by AsiaInspection, it is evident that the Asian country least affected by the crisis is Bangladesh, with + 180% growth between Q1 2008 and Q1 2009. Inspections undertaken in China have also grown significantly (+ 8.3%), while Inspections in India have remained stable (- 0.9%). In the context of crisis, families tend to equip their houses, and also switch to low-cost products that could present higher Quality risks The evolution of inspected product categories also acts as a good indicator of the impact of the crisis on consumers’ behavior. With + 64% growth in Inspections of homewares (electrical appliances, lighting, kitchenware and bathroomware, audio & video etc...) between Q1 2008 and Q1 2009, it seems that families wish to make their homes more comfortable as they have been forced to limit their external activities. Garments and other textile products manufactured in Asia are also beneficiaries, with a + 85% growth in the number of Inspections. Conversely, non essential and already ubiquitous small electronic products (mobile phone, mp3/mp4 etc) have been particularly affected, with a - 64% fall in the number of Inspections. AsiaInspection will publish the Q2 barometer based on similar indicators next July.


I would say that french people tend more en more to buy stuff on sales sites like http://www.meubles-opportunites.com/ for furniture. It's just another exemple of the famous "Ventes Privées" which enable people to get by in time crises.
Posted by: Birau Alexandra | May 18, 2010 at 06:23 AM
Nice post! Yes I agree with Cindy I have also visited australiawholesalers.com in which I have found a resource about purchasing power of Australian people. Australian people also reduce their expenses on purchasing of different commodities.
Posted by: Ingede Mineral Holdings | February 16, 2010 at 10:10 PM
The same is the situation carrying on in Australia as obvious from australiawholesalers.com that masses in Australia are also focusing on cheap products due to the economic crisis.
Posted by: Cindy Clarrrk | February 11, 2010 at 02:14 AM
The trend to buy cheap and inexpensive products is rising due to the recession in economy because some dropshippers like aidandtrade.com are offering goods at cheaper prices.
Posted by: Jesica Martin | February 02, 2010 at 02:26 AM
It is obvious that sales haven't gone down as a whole but sales of quality and expensive products have definitely gone down as cheaper products are booming in their sales as I have observed from the sales of uk-wholesaler.co.uk
Posted by: David Morson | January 18, 2010 at 02:53 AM