Home / Knowledge / News / Apparel/Garments / Clothing industry manages to increase market share to US
Clothing industry manages to increase market share to US
30
May '09
The Customs in the US have recently released a report which states that the Vietnamese textile and apparel sector has been able to increase its market share to the US markets along with being among four countries which have been able to record positive growth in 2009.

The market share of the sector grew from 3.4 percent to 4.47 percent in 2009 when compared with the same period of the previous year. The industry is also looking forward to a period of growth in the next few quarters.

That this growth has come at a time when the worst recessionary trends have engulfed the US markets is by itself commendable. In fact the US is considered the epicenter of the economic crisis and has borne the maximum brunt.

In 2008, exports to the US markets from the textile and clothing sector in 2008 accounted for 54 percent of all exports from the industry. But at the same time the sector is trying to reduce dependence on the US markets by diversifying to newer markets like Japan and Russia.

The biggest difference according to exporters between the markets of the US and the EU, lie in the volumes of orders. While US retailers tend to order in hundreds of thousands of units, their EU counterparts are content with placing orders in thousands of units only.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: UPM Raflatac

Apparel/Garments | On 17th Jan 2017

New residue free textile label adhesive from UPM Raflatac

Producer of self adhesive label materials UPM Raflatac, has...

Courtesy: Authentic Brands Group

Apparel/Garments | On 17th Jan 2017

Teen retailer Aéropostale reopens 500 stores in US

Teen apparel retailer Aéropostale has reopened 500 stores in the US,...

Courtesy: Centric Software

Information Technology | On 17th Jan 2017

Centric releases version 6.0 of PLM solution

Centric Software, the leading PLM solution for fashion, retail,...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Mohammad Hassan
Biax Fiberfilm

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Tony Ward
Tony Ward

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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
January 2017

January 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