Home / Knowledge / News / Apparel/Garments / Low demand in EU, US impacts India's apparel exports
Low demand in EU, US impacts India's apparel exports
06
Aug '12
Low demand in the US and European markets is having an adverse impact on India’s apparel exports, which dipped to US$ 1.1 billion in June 2012, a fall of 10.5 percent compared to apparel exports of US$ 1.2 billion in June 2011, the Apparel Export Promotion Council (AEPC) statistics show.
 
According to AEPC, demand in the US and European markets is moving sluggishly as buyers are restricting their orders and are avoiding building up inventories. 
 
Indicative of a year-on-year fall of 12 percent, the country’s apparel exports for first quarter of the current fiscal plummeted to US$ 3.2 billion.
 
Due to sluggish growth in the major western markets, Indian exporters are now trying to reduce their reliance on these markets, and are hence exploring newer markets like Russia, South Africa and Israel.
 
With a year-on-year rise of 18 percent, India’s apparel exports for 2011-12 grew to US$ 13.6 billion.
 
About 65 percent of India’s apparel exports are normally destined towards the US and Europe.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Lee Cooper

Apparel/Garments | On 28th Mar 2017

CCI clears FLFL proposal to divest Lee Cooper

The Competition Commission (CCI) of India has approved the proposal...

Textiles | On 28th Mar 2017

Bardoli CEFC to benefit south Gujarat MSMEs

India’s first common engineering facility centre (CEFC) at Bardoli,...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search