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Evolving purchase of Yiwu's Xmas merchandise

City's market experiencing strong revival, with merchants noting an increase in early orders amid heightened demand

By CHEN YE in Hangzhou | China Daily | Updated: 2024-11-20 09:26
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Merchants from India purchase Christmas items in Yiwu, Zhejiang province, in July. [SHI KUANBING/FOR CHINA DAILY]

Yet, this rise in demand comes with its own challenges. For Yiwu's Christmas sector, maintaining relevance means constant innovation. "Innovate or be left behind" is a guiding principle for businesses striving to stay competitive in the face of changing consumer preferences. Vendors like Jin recognized the need to regularly update and diversify their product lines to capture market interest. "Christmas ornament orders for decorative lights and balls are higher than other kinds of products that we sell. Each year, we develop new Christmas ball molds to match trends. Where red, blue, gold and silver used to dominate, we're now producing items in pastel tones and adding custom colors tailored to clients' evolving tastes," Jin said. Even packaging has evolved from simple wraps to gift-style boxes, helping vendors appeal to a broader, more sophisticated overseas clientele.

In Jin's store, Christmas lights are exported to clients around the globe, reaching markets as diverse as the United States, Chile, Mexico, Kazakhstan and many African countries. This year, she's noticed a marked increase in Brazilian customers, a relatively new but expanding market. "We've seen many Brazilian clients in recent months. They're already asking about next year's Christmas lights and have even specified their preferred colors and styles, and are planning to place orders through trade companies when the time comes," she said.

For many vendors in Yiwu, the top priorities remain quality and competitive pricing, both of which have proven key to the city's success. Luo, whose products are produced in Taizhou, Zhejiang province, and primarily sold in Yiwu, noted that customers are highly focused on quality and cost-effectiveness. "Our products undergo stringent quality control at every stage, from factory production to front-end sales here in Yiwu," she said. While the competitive pricing of Yiwu products is a significant draw, Luo emphasizes that quality is never compromised, contributing to a noticeable reduction in customer complaints each year. "Keeping our quality high while offering affordable prices has helped us establish trust and retain clients over time," Luo said.

"We are currently developing new products and preparing fresh samples for clients for next year. Our samples are also evolving, as we strive to create products that will better satisfy our customers," added Luo. "It's essential for us to communicate with clients to understand what aspects they value most and where we can make adjustments. We're aiming to develop some innovative new samples based on their preferences."

Yiwu's emphasis on quality and innovation is clearly paying off, as reflected in its growing export statistics. Data from Yiwu Customs reveal that from January to September of this year, the city's total import and export value reached 499.88 billion yuan ($69 billion), marking a 16.6 percent increase year-on-year. Exports accounted for 441.09 billion yuan, up by 16.1 percent, while imports grew by 20.3 percent, reaching 58.79 billion yuan.

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