Market Access Manual for Artisans Rev2 - Caribbean Export ...
Market Access Manual for Artisans Rev2 - Caribbean Export ...
Market Access Manual for Artisans Rev2 - Caribbean Export ...
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US consumers have very high expectations. They are confronted with hundreds of products and<br />
advertisements on a daily basis and expect high quality at reasonable prices. Women in the US<br />
are the primary consumers of handicrafts, home and fashion accessories, which they use to<br />
change looks without investing in entire makeovers. This consumer is generally willing to pay <strong>for</strong><br />
something if she finds it truly unique and desirable.<br />
Country Characteristics Pros Cons<br />
United States A strong desire <strong>for</strong> the<br />
unique, the interesting, and<br />
products with a history.<br />
Traditionally a strong market,<br />
and continues to grow, mainly<br />
on the back of multi‐ethnic<br />
immigration.<br />
Country Characteristics Pros Cons<br />
United States The US has a high level of<br />
internet penetration<br />
The US has the most diverse<br />
economy in the world giving<br />
handicraft producers a wide<br />
range of customers to which to<br />
sell their products.<br />
Country Characteristics Pros Cons<br />
United States It is a trend‐driven industry<br />
which means new products<br />
are the lifeblood of a<br />
successful selling season.<br />
While the US accounts <strong>for</strong> only<br />
about 4 percent of the world's<br />
population, its GDP is 26<br />
percent of the world's total<br />
economic output.<br />
Country Characteristics Pros Cons<br />
United States US is import‐friendly Handicraft producers face<br />
fewer barriers to entering the<br />
market than European<br />
markets.<br />
Country Characteristics Pros Cons<br />
United States The US is English speaking<br />
which makes it easier <strong>for</strong><br />
<strong>Caribbean</strong> producers to<br />
communicate with potential<br />
partners, consumers, etc.<br />
UK Consumer<br />
Large market of <strong>Caribbean</strong><br />
Diaspora.<br />
Price‐sensitive, price per unit<br />
realised in this market tends<br />
to be lower than in other<br />
countries. The US is a very<br />
competitive market. To<br />
succeed, you need to offer<br />
customers real value <strong>for</strong><br />
money.<br />
Design and style are also very<br />
important ingredients to the<br />
US market. Hence, <strong>Caribbean</strong><br />
artisans must present <strong>for</strong>ward<br />
thinking products.<br />
<strong>Caribbean</strong> artisans need to<br />
consider the impact of the<br />
additional costs of exporting<br />
on the final price of products,<br />
when competing with US‐<br />
based or other international<br />
suppliers where the cost of<br />
production might be lower.<br />
Some handicraft products<br />
may require additional<br />
certification when exporting.<br />
<strong>Caribbean</strong> artisans must be<br />
willing to adjust their product<br />
lines, prices, volumes to<br />
adapt to US market<br />
conditions.<br />
Generally, it can be said that British consumers are very proud of their homes and are eager to<br />
undertake constant renovation, restyling and decoration. The growing awareness of fashion and<br />
household design will serve the industry well. Even if the last few years were somewhat<br />
disappointing, there is great scope <strong>for</strong> growth due to replacement sales. More importantly,<br />
increasingly fashion‐led consumers at the higher end of the market are searching <strong>for</strong> decorative<br />
and gift articles that have a higher content of fashion than mere practicality.<br />
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