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Global round up
By  : Fibre2fashion.com

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Canada:


Shipments from China account for 50% of all RMG imports

Total global imports of ready made garments in 2007 amounted to US $6.88 billion of which knit apparels accounted for $3.34 billion and woven apparels $3.53 billion. This helped in registering an overall growth of 11.94 percent with $6.15 billion compared to 2006. Exports from China dominated all other major countries with a lions share of more than 50 percent in global apparel exports to Canada. Shipments from China in 2007 total $3.63 billion compared to $3.02 billion in 2006, a growth of 20.22 percent over 2006. Of this knit apparels touched $1.73 billion and woven apparels $1.90 billion. China was followed by Bangladesh with $441.39 million a growth of only 3.1 percent over 2006. It was followed closely by USA with $395.69 million. USA was one of the few countries which registered a negative growth of 1.24 percent. India followed at fourth pace in the pecking order with exports of $321.72 million compared to $338.9 million in 2006 a degrowth of 5.07 percent. Knit apparel exports netted $174.06 million and woven apparels with $147.65 million made up the rest. Mexico with $283.56 million, Cambodia $184.98 million, Italy $179.03 million, Vietnam $154.8 million, Indonesia $150.44 million, Turkey $105.27 million were the other few of the major apparel exporting countries to Canada. Cambodia recorded the highest growth rate with 44.82 percent followed by Vietnam with 25.42 and China with 20.22 percent. The countries with negative growth rates in 2007 compared to 2006 were USA 1.24 percent, India 5.07 percent, Mexico 4.34 percent, Thailand 6.28 percent and Hong Kong with a stupendous 16.9 percent.



Peru:


Exports of textile & garments maintain steady growth

Apart from being ranked as one of the 15 lowest-cost producer countries in the world, Perus textile industry has a host of other advantages. High quality of raw material availability, duty-free access to US markets, low cost of production, proximity to North American markets and vertical integration have all gone a long way in strengthening the exports of the country. The total textile and garment sector of Peru recorded a growth of 19.9 percent in 2007 when compared to 2006. Total exports out of Peru amounted to US $1,718 million in 2007 in contrast to $1,433 million in 2006. The top ten countries including USA accounted for the lions share of exports amounting to $1,509 million which is 87.83 percent of all textile and garment shipments. Exports to USA topped with $ 825 million in 2007 evaluated against $841 million in 2006, a miniscule negative growth rate of 1.9 percent but accounting for nearly 48 percent of all shipments. Venezuela came second with shipment totaling $403 million compared to $178 million in 2006, a stupendous growth of 126.3 percent. Exports to Colombia, Chile and Italy followed with $52 million, $50 million and $50 million respectively. Growth in exports to Italy reached 44.4 percent over 2006. Ecuador with $35 million, France $27 million, UK $24 million, Spain $23 million and Germany with $21 million made up the rest of the top ten importing countries from Peru. Exports to countries other than the above totaled $209 million dollars compared to $175 million in 2006 a growth of 18.8 percent. Apart from USA, two other countries registered negative import growth rates. Ecuador with 0.5 percent and Spain with 4.8 percent. In keeping with the present scenario, the textile industry of Peru is likely to undergo massive development in due course of time provided the cost of production remains as conducive as during the existing circumstances.

 

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 Published On :  Thursday, August 21, 2008

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