Home / Knowledge / News / Apparel/Garments / Garment exports fall by a staggering 50%
Garment exports fall by a staggering 50%
08
Jul '09
Readymade garment exports of Nepal to the US halved in the first six months of 2009 as compared to what the country has exported during the corresponding period of the previous year. Nepal exported just US $3.55 million worth of garments to the US, as the buyers in the largest apparel market moved towards cheaper suppliers.

These apparel exports were just 10 percent of the exports done in the year 2004, which is the final year of the quota regime in the international apparel trade. Since then, Nepalese exports have toppled down sharply on account of eroding competitiveness in the international market and labour trouble which affected production and timely shipments.

Due to the unchanged problems of the industry, the garment exports of the country dropped by the maximum of 80 percent alone in the month of June this year, as compared to the same month of previous year.

Garment exports to the US, in June of this year, totaled to just $ 0.19 million, against $ 0.83 million in June 2008. Whereas, in June, 2004, apparel exports of Nepal stood at $ 5.16 million, as per the statistics of Garment Association Nepal (GAN).

Reduction in per unit prices by nearly 15 percent, by global importers is the main reason behind the decrease in export figures and this reduced price has compelled manufacturers to reject the orders.

The garment sector of the country, which was once the highest foreign currency generator has been in tatters since 2002, after the US promised duty-free access to its markets to Nepalese competitors from the Sub-Saharan and Caribbean regions.

Also the phase-out of the quota system from January 2005 affected the industry drastically. Some of the factors such as industrial security, labour stir and general strikes resulted in closure of a large number of industries.

According to the exporters, if the US government pledges duty-free market access to Nepal, the garment industry in the country and the government develops a garment processing zone, in the vicinity of Birgunj, it could help reduce the transit transport cost by about 20 percent and help the sector be back on the tracks.

GAN has urged the government to lobby for the US trade bill as the bill assures duty-free access for 14 LDCs of Asia and Pacific, which also includes Nepal.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: American Silk Mills

Textiles | On 18th Oct 2017

Sutlej Textiles adds American Silk Mills to its portfolio

Sutlej Textiles and Industries Ltd (STIL) has announced the...

Arvind Limited executive directors Punit Lalbhai (left) and Kulin Lalbhai explaining the project to Gujarat chief minister Vijay Rupani. Courtesy: Arvind Ltd

Apparel/Garments | On 18th Oct 2017

Arvind to set up mega apparel facility in Gujarat

Arvind Limited, one of India’s largest textile to retail...

Cotton stocks accumulating everywhere outside of China

Textiles | On 18th Oct 2017

Cotton stocks accumulating everywhere outside of China

Global cotton stocks outside of China are expected to rise by nearly...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Poojaa Kumar Deepak
Zeven

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

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Marten Alkhagen
Swerea IVF AB

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Jay Ramrakhiani
Occasions Elegance Wear

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

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

October 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
77.3%
No
13.6%
Skip
9.1%

Total Votes: 66

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
60.6%
No
28.8%
Skip
10.6%

Total Votes: 66

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
84.8%
No
10.6%
Skip
4.5%

Total Votes: 66

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
74.2%
No
12.1%
Skip
13.6%

Total Votes: 66


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