Greater “Made in China” Demands in Middle East Consumer Goods Market
Time: 2007-11-09 16:30:00¡¡¡¡Source: JCTrans
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In Yiwu, there are over 8,000 permanent foreign businessmen at the Smallware Market!
Over 8,400 bank accounts for overseas businessmen!
760 offices of international trading companies
And thereinto, over 70% from the Middle East!
Figures are sterile but the most convictive!
Thousands of Middle East businessmen are continually sending China products to the Middle East market, while on the other side of Asia, almost all basic necessities of life are branded with “Made in China”.
Middle East, the land pervasive with China products, is the Promise Land of Chinese businessmen, who have created numerous legends of fortune on the “land of milk and honey”. They are rushing to the Middle East, bringing with them furniture, home appliance, garment, bags, artifacts and computers “Made in China”, which have dominated the daily life here for excellent quality and affordable price.
Dubai in United Arab Emirates is the largest trading hub in the Middle East, and over 80% commodities are transferred at Dubai, expanding to most of African countries with a total population of 1.3 billion. Merchants from some 30 countries in Africa gathered here to purchase daily necessities, light industrial products, home appliance, and garments. The trade in Dubai is constituted by 55% wholesales and 45% orders. Most products are low or middle priced with middle level quality and huge amount. The low and middle priced products account for 65%--85% of total and such market conditions have created a favorable environment for China products. Most China products are purchased from foreign companies in China or via Chinese businessmen. Thanks to the diversity, proper positioning, complete specifications, and reasonable prices, China products are much liked by local people.
In addition to the six wealthy countries in the Gulf region, there are also great potentials at another “hidden” market—the rebuilding market of Iraq and Lebanon. In Iraq, which is devastated by wars, there are urgent demands for cheap home appliance, furniture, garment and artifacts from China. The Lebanon-Israel War in 2006 further worsened the short-supply of China products in this region and what are we waiting for? At the China Fair Jordan held in Aug. 2006, a number of garment, furniture and home appliance manufacturers grasped this opportunities to make handsome profits, and the on-spot turnover added up to millions of USD. Beside, close observation of the Middle East market provided the enterprises with more opportunities to improve their exports.
With business opportunities to be found everywhere in the Middle East market, those fearless pioneers have become the heroes of fortune in this era. A proverb says “The past is useless now to change. Care for the future yet is time”. The China Fair Jordan, which has realized numerous dreams of Chinese businessmen, has once again attracted extensive attention. A good start with a turnover of 50.66 million USD was achieved at the first Fair. With the on-spot turnover of 27.385 million USD and agreed turnover 63.43 million USD in 2005, China Fair Jordan was even more successful in 2006, with on-spot turnover of 32.50 million USD and agreed turnover of 85 million USD. In 2007, the exhibition area will be over 10,000 m2, and China Fair Jordan is bound to build a more brilliant future!
Currently, the invitation work for the forth China Fair Jordan 2007 has begun, where eight zones will be provided, including building materials, machinery, electromechanical products, consumers goods (including home appliance, furniture, computer accessory, garments and textiles, bags and cases, artifacts and decorations), pharmacy, Hong Kong and Taiwan, and investment consultation. Some organizations important in the rebuilding of Iraq, including American Chamber of Commerce in Iraq, together with famous local media have been invited to this Fair. If you are interested in exploring the Middle East market, please contact the Organizing Committee of China Fair Jordan.