Home / Knowledge / News / Apparel/Garments / Apparels sector needs to be revitalized for growth in exports
Apparels sector needs to be revitalized for growth in exports
19
Aug '08
According to export statistics released for the first six months of 2008, the Philippines textile and garment industry seems to be in the same stupor it has been in the last five years.

The exports represent a see-saw, where exports grow in one month, to once again fall in the following month. Garment shipments in particular have maintained stagnancy. In comparison to January'08, exports of garments in June'08 depicted a miniscule growth of just 0.37 percent. In the interim months, shipments of garments have actually fallen.

If total exports of garments were US $171.65 million in January'08, it rose to a marginal $177.23 million in February, slid to $166.69 million in March, way below Jan'08 to once more slip to $153.69 million in April.

The month of May was more disastrous then the preceding months as shipments plunged to just $150.04 million way. If compared with January'08, a negative growth rate of 12.58 percent was recorded in May'08.

The saving grace for the garment industry was the month of June, which saw exports rise back to January levels to touch $172.31 million. The total exports of garments in the first six months of 2008 amounted to $991.61 million dollars and accounted for nearly 90 percent of all textile and garment exports from the country.

The picture is no different in the case of exports of textiles from the country. Though there is a semblance of growth visible in 3 of the six months under preview, the value of shipments have just moved up and down in those months and managed to close the first six months of 2008 with a growth of 25.32 percent in .

Exports of textiles which stood at $15.44 million in January grew to $17.69 million in February, to fall back to $15.97 million in March. The month of April saw a completely different trend, which saw shipments totaling to $20.31 million to post a growth of 27.18 percent when compared with figures of March'08.

May'08 once more witnessed a plunge to wipe out the gains of April'08. Shipments slipped by 21.27 percent in May'08 to touch $15.99 million. Once again in a dramatic reversal of fortunes, exports in June'08 totaled $19.35 million to register a gain of 21.0 percent over the preceding month.

Over all share of textiles in the export basket from the sector is an average 10 percent and amounted to $104.75 million for the first six months of the current year.

The Philippines textile and garment industry will need to do a lot more if it has to gain a decent global market share of the industry. The government will have to come out with policies favourable to the sector.

The government should encourage manufacture of the indigenous developed pina cloth, which is made from a fibre obtained from pineapple and promote it globally. The fabric has the potential to develop in to an international best seller if proper manufacturing capacities are created and appropriate support is provided to market the same.


Must ReadView All

'Sportswear is much more mainstream than earlier'

Fashion | On 20th Jul 2018

'Sportswear is much more mainstream than earlier'

The business of sportswear has evolved at a fast pace over the years. ...

Courtesy: YKK

Textiles | On 20th Jul 2018

Japanese firm YKK explores opening office in Uzbekistan

Japanese company YKK recently discussed with the Uztuqimachiliksanoat ...

HFPA alerts member firms on latest US tariff announcement

Textiles | On 20th Jul 2018

HFPA alerts member firms on latest US tariff announcement

The US Home Fashion Products Association (HFPA) has alerted its...

Interviews View All

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Mohammad Hassan
Biax Fiberfilm

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

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

Leave your Comments


July 2018

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

news category


Related Categories:

Advanced Search