Made in China

China is one of the major exporter of different kinds of faucets in the global faucets industry. According to the report of the first quarter of 2006, China exported US $331 million worth of faucets made in China which was more than 30% from the previous year. General Manager of Global Sources Mr. Michael Kleist said, “Due to the falling export volume, export value has been rising with the increase of prices. It is because of the higher raw materials cost and an increase of high-end models export.”

The report shows that buyers sourcing faucets from China should expect higher prices and improved designs in the coming months. These figures are based on interviews of different faucets manufacturers, visits of faucets factories and surveys.  According to the report, 83% of the Chinese faucets manufacturers have plan to increase prices, 16% expect to keep prices the same and 1% have plan to decrease prices in the next 12 months.

From 2007 till now, faucet industry of China is continuously maintaining a rapid and stable growth and confidently support its economy. According to the statistics of the National Bureau of Statistics, China has had a total number of 1,721 faucet companies above designated size (with annual sales revenue over 5 million yuan) by the end of 2007. Their total industrial output value has arrived to CNY 92.7 billion which is more than 27.9% from previous years. Their total number of employees were 240,000, an increase of 13,000 persons against the previous year, while export delivery value from China direct has arrived to CNY 24.6 billion which is 15.3% from previous years.