EU as export Eldorado

According to Global Sources, the 87 Chinese manufacturers of bathroom and kitchen faucets recently surveyed believe that the EU market shows the best export growth potential for their products. The survey is part of a new Market Intelligence Report, Bathroom & Kitchen Faucets: Supplier Capability in China, which profiles 87 suppliers and provides an overview of the faucets manufacturing and export industry in China. Sixty-three per cent of survey respondents voted for the European Union as the best growth potential market in the coming months, particularly with the inclusion of the ten new member states. The Middle East was picked by 36 per cent, and the United States by 33 per cent. The EU absorbed $ 1 billion (€ 812 mio) worth of China-made faucets in the 16 months to January 2003.