Introduction
The Yiwu market District 2 is adjacently connected to the District 1. Just as its name implies, it’s the second oldest market building in Yiwu. It’s first put into use in 2004, and so far, it has accommodated more than 8,000 storefronts. It is most featured with the Centralized Purchasing Center, which’s set up for large sourcing groups, such as Wal-Mart, China Mobile, and China Telecom. As for product category, it mainly is involved with luggage, hardware tools, watches, lights, etc. Now, let’s have a look at what particular products are listed there and where you should pay attention to while doing business with them.
Yiwu market District 2 Video Guide
Products you can source from Yiwu market district 2
As always, find the Guide Board first. It will tell you what’s sold here and how to find your product. According to the official numbers, over 20,000 suppliers are available here, and most of them are concentrated on the 1st to 4th floor.
Floor | Product Categories |
|---|---|
District 2-1F (F&G section) | Ponchos, Packaging, Umbrellas, Bags, Suitcases |
District 2-2F (F&G section) | Hardware Tools, Components, Locksets, Electrical Engineering Products |
District 2-3F (F&G section) | Clocks, Watches, Small Household Appliances, Kitchen and Sanitary Hardware, Telecom Supplies |
District 2 4F (F&G section) | Electronic Instruments, Photographic Apparatus, Batteries, Lamps, Flashlights, Electronic Products, Clocks, Watches, Boutique Bags, Suitcases. |
Yiwu market map details are available. Please click here to download the electronic version or download the Yiwu Market guide APP. And also you can visit the official site of the market to see what the suppliers supply.
Yiwu market District 2 Gallery
How to doing business with suppliers in District 2
How About the lead time?
The whole leading time varies slightly depending on its product attributes, specific details of parts, and estimated quantities. But more often than not, the lead time is approximately from 5 days to 30 days or so.If they keep components in stock, then the leading time can always be shortened into one week. But keep in mind that you might be replaced by your competitors if you don’t move fast. When it comes to the lead time, a very important factor should be considered. That’s the deposit. Please remember that, Chinese suppliers won’t start purchasing materials until the deposit hits on their bank account.
How about the MOQ?
Yeah, you might have heard Yiwu market accepts a small MOQ. But does it really happen there? It depends. You might come across a supplier who accepts 1 carton only, but at the next storefront, chances are that you get stung by the hefty MOQ requirement. But why? The answer lies in whether they have the off-the-shelf stock or not. If they have the off-the-shelf item, they will accept the 1 carton MOQ, but remember that Chinese suppliers are happy to do small business, but they won’t make themselves to. On the contrary, if they have not any stock, the supplier will ask for a higher MOQ, because they need to produce it even make moulds, draw specific designs, and such stuff. It’s a money and time consuming process. What’s more, their subcontractors have their own MOQ requirement. When we pool those together, the final MOQ comes as no surprise.
What if my order can’t reach a container volume?
Don’t worry about that. Yiwu market has developed a special global logistics system. Find a agent, and let them deal with all those hassles. They help you prepare necessary documents and consolidate your cargo with many other buyers’ into one container. Send your goods to the designated warehouse, and one month later, your goods will arrive at your side safely. At the same time, buyers share the sea freight together. It saves you a lot of money.
PROS of Yiwu market
- 1. MOQ can be negotiated. You can find a small MOQ for the off-the-shelf item, and the price is very nice.
- 2. Suppliers are intensively gathering in a given aisle upon their product categories, making it easier for you to inquiry prices.
- 3. Special global logistics system with affordable cost.
- 4. Centralized Purchasing Center is separated to cater to large buyers
- 5. Competitive price is guaranteed.
CONS of Yiwu market
- 1. Language barrier is still existed. You need to find an interpreter to help with the negotiation.
- 2. You need vet the supplier in person. Many suppliers would guarantee you that they are true factories, actually they are not.
- 3. Most suppliers won’t sign contracts with foreign client.
- 4. Lead time is expanded occasionally. You’d better find someone to follow up on the product supply chain.
Compared to Yiwu market District 1, Yiwu market District 2 is more like a big home to icon products from different cities. What does that mean? It means all products here are very competitive in the world market. For instance, hardware tool is the featured product in Yongkang, thus, most of hardware tool suppliers in District 2 are from Yongkang. Watch and clock suppliers are inclined to be Shenzhen-based. Lamps are from Zhongshan in most cases. In other words, chances are more likely that you can find large manufacturers as well. But clam down for a moment, because brand-named factories and small middle-men are mixed together at District 2. You need take more time to find a suitable supplier.
Click to subscribe our purchase blog
Importing from China 101, step by step to sourcing supplier, place order and ship your goods, to avoid worthless work, protect from fraudstep by step to sourcing supplier, place order and ship your goods
Comment