QIMA 2012 Q2 Barometer

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Shenzhen, China, July 9, 2012- QIMA, a leading provider of quality control services for businesses importing from Asia, today announces the QIMA Q2 2012 Barometer,a quarterly synopsis of Asia-based manufacturing and the quality control services industry.

Africa: a Growing Destination for “Made-in-China”

QIMA’s Q2 figures indicate that Africa is a growing importer of Made-in-Asia products, particularly Made-in-China. The growth in demand for quality control in Asia from African importers outperformed that of all other regions by more than 20%, increasing +23% from the first half of 2011 to the first half of 2012. According to QIMA data, most active importers are found in North Africa (Morocco, Tunisia, and Egypt),South Africa and Nigeria, with a notable uptick in lesser known countries Botswana, Ghana and Ethiopia.

These findings are representative of global data regarding China - Africa trade which saw 2010-2011 imports from China increase 23.7% to $73 billion USD (source: Standard Bank Group). Over the past few years, China has become Africa’s largest individual trading partner, with trade volumes exceeding $160 billion USD in 2011.

"Chinese and African workers in a factory in Africa"

QIMA data, based on manufactured products inspected in Asia, shows total African imports from China are dominated by textiles and footwear. In the first half of 2012, these categories made up 80% of all products inspected in China by African importers. While lower in total size compared with textiles and footwear, industrial & construction items have seen triple-digit growth in inspection demand from African importers, reflecting increasing infrastructure demands in Africa.

Data suggests a more mature and organized supply chain based on the type of quality control services being requested by African importers sourcing from China. Comparing the first half of 2011 to the first half of 2012, African demand for Factory Audits, an ISO 9000 assessment of a factory, has more than tripled. Intriguing figures as audits are nearly always performed either when a new supplier is selected, or a new commitment for production is placed.

Win-Win Sino-African Trade: Africa Emerging as a World Manufacturing Zone

Trade between China and Africa is not only a one way street for “Made-in-China” goods. Analysts argue that in 2012 China will become the single largest export destination for Africa, a status driven mainly by natural resource exports (fuel, ores, and metal) that are ultimately used in the production of goods.

In growing its export market to more than just natural resources, data from the Organisation for Economic Co-operation & Development (OECD) shows a 90% al growth in exports of Africa-manufactured products over the last decade. China’s share as a destination market grew by more than 200%; while traditional export markets for Africa, such as the EU and US, have seen their share decline by 20% over the same period.

This data corroborates the trends witnessed by QIMA; more and more importers sourcing from Asia are expressing a need for quality control in Africa. "Over the past few years at QIMA, we have witnessed the rise of African sourcing in China as we helped African importers structure their supply chain in Asia” said Sebastien Breteau, CEO of QIMA. “Even though the figures are still comparatively small, we’ve seen data to support that Africa is preparing to become the next sourcing frontier for manufactured goods - which is why we launched our quality control services there.”

About QIMA - Your Eyes in the Supply Chain!™

QIMA is a leading quality control services provider for importers from Asia and Africa, providing web-based account management, fast scheduling and highly competitive prices for companies seeking Product Inspection, Factory Audit and Laboratory Testing services in Asia and Africa. QIMA serves clients from over 100 countries worldwide.

Press Contact
Michael Mesarch
Tel: (+86) 755 2223 9888
Email: press@qima.com

 
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