Home / Knowledge / News / Apparel/Garments / Sri Lanka losing US market to nimble-footed competitors
Sri Lanka losing US market to nimble-footed competitors
18
Oct '10
China and Bangladesh to a great extent have seized market share of Sri Lanka in the United States apparel market. However, Sri Lanka can regain its lost glory and continue being at the peak by emphasizing on other attributes rather than, price competitive strength, a leading buyer of Sri Lankan apparels in US said.

Martin Trust, Head of US-based Brandot International, while addressing a business conference jointly held by Sri Lanka's Washington embassy and US authorities, in Colombo said that, Sri Lanka has not been able to recuperate from its losses as China is gaining ground in the US apparel market.

The region is faced with rising competition which is getting tougher with every passing day; he said and added that, it was in 2003 that he had forecast that, China would be exporting around US $20 billion worth of apparels to US by 2010.

The latest statistics revealed that, by 2009 China exported 23 billion USD worth of apparels to US, representing 41 percent of the market share, but still when considered on per capita basis Sri Lanka's exports exceeded that of China's.

But on the other hand, Sri Lanka's exports slumped by around 28 percent during the period, which depicts that, the country over last few years has been suffering a loss of about 500 million dollars per year.

In the meantime, China too has boosted its exports to US by some 163 percent, since 2004, Trust said.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 21st Jul 2017

No shortage of cotton & yarn in country: Minister

There is no shortage of cotton and yarn in the country, and the...

Pic courtesy: Sutlej Textiles & Industries Ltd

Textiles | On 21st Jul 2017

Sutlej Textiles’ Q1 FY18 EBITDA expands to Rs 76.28 cr

Sutlej Textiles and Industries Ltd (STIL), one of India’s largest...

Textiles | On 21st Jul 2017

CAI revises 2016-17 cotton crop to 337.25 lakh bales

Cotton Association of India (CAI) has upwardly revised cotton crop...

Interviews View All

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

July 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

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

Yes No

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

Yes No

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


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



X