Home / Knowledge / News / Apparel/Garments / ADB forecasts dark shadows over apparel manufacturing sector
ADB forecasts dark shadows over apparel manufacturing sector
20
Jul '09
Global economic crisis is pushing every country into turmoil. Proving itself a 'Pandora's Box', recession is putting every country into an unprecedented crisis.

A downturn in demand in the developed countries has heavily affected the exports of developing and least developed countries.

Asian Development Bank forecast, predicts that Asia's textile and apparel exports have been greatly affected by economic slowdown and will fall drastically in 2009.

Asian textile and apparel exports are expected to drop by about US$8 billion with China accounting for the lions share with US $3.9 billion.

On the contrary, Bangladesh exports are on a growth curve. A shift in the shopping pattern of the US and EU consumers towards low priced clothing have favored this country.

Pakistani suppliers remain stuck in the low cost segment. Unit values of Indonesian shipments remained similar. Indian prices declined more than 9% by contrast while Vietnamese prices reduced by 3.2%.

Click here to read the complete article.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 17th Jan 2017

GST rollout from July 1; states to control small taxpayers

The Centre and states have reached a consensus on the issue of dual...

Textiles | On 17th Jan 2017

Reliance Industries net increases 3.6% in Q3FY17

In the three months ended December 31, 2016, India’s biggest private...

Textiles | On 17th Jan 2017

IMF projects advanced economies to grow at 1.9% in 2017

Advanced economies are projected to grow by 1.9 per cent in 2017 and...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Johan Berlin
InvestKonsult Sweden AB

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Tony Ward
Tony Ward

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

Rupa Sood and Sharan Apparao
Nayaab

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

Wendell Rodricks
Wendell Rodricks

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

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