Home / Knowledge / News / Apparel/Garments / Global apparel industry sees bright prospects this year
Global apparel industry sees bright prospects this year
06
Aug '13
Although, the economic crisis in the traditional export markets such as the EU and the US coupled with the recent issues in Bangladesh, which is one of the largest garment supplier in the world, has affected the global apparel industry, the apparel manufacturers and retailers are expecting bright prospects this year as compared to last year.

According to industry representatives, the clothing sector may witness positive growth in 2013 mainly due to strong supply chain, but it may remain stuff in Europe

In an interview with fibre2fashion, president of Clothing Manufacturers Association of India (CMAI), Mr. Rahul Mehta said, “We are expecting that we will end the year with 10-12 percent growth over last year.”

Mr. Philip Roebuck, director of China-based Dishang Group, says, “China will remain the number 1 apparel supplier by value and volume. We anticipate around 8 percent growth in Chinese garment exports for 2013.”

“However, we expect the volumes to fall in relative terms as the values per unit rise driven by the increase of production of higher price garments as cheaper commodity items fall away to Bangladesh and other duty free locations,” he opines.

According to Mr. Miguel Mendes, the spokesperson of A. Sampaio, the textile and apparel manufacturers in Portugal is expecting a good fortune this year.  “In Portugal, we have a fantastic know-how with a good textile supply chain and we understand the need of our customers. So we are able to deliver good products and good service in a short time,” he continues.

“We believe that more customers value a strong and trustful supply chain as we have in Portugal,” he mentions.

However, the European clothing sector may not witness good prospects this year because of the ongoing economic crisis.

Mr. Paul Kendrick, marketing director of UK-based JD Williams Group, says, “In Europe, we believe the economic outlook of apparel retailing will remain tough throughout 2013-14 impacting consumer’s shopping patterns.”

“We do not expect prospects to materially improve as compared to last year, but retailers who have a strong product offering, clear customer proposition and loyalty, will continue to win share and be better positioned for the future,” he adds.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 25th Sep 2017

SVP Group to build $300 mn spinning plant in Sohar

ShriVallabh Pittie Industries (SVP) Group, a diversified yarn...

Apparel/Garments | On 25th Sep 2017

Vietnam textile sector to gain if EU FTA gets ratified

Experts feel the Vietnam-European Union (EU) free trade agreement...

Courtesy: Business Wire

Textiles | On 25th Sep 2017

Invista to use ADN technology at joint project in France

Invista, a leading producer of chemical intermediates, polymers, and...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Silke Brand-Kirsch
Schlegel und Partner

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search