Home / Knowledge / News / Textiles / Indian handicraft exports surge 19% in May
Indian handicraft exports surge 19% in May
02
Jul '11
Indian handicrafts exports have surged from US $154 million in May 2010 to US $183 million in May 2011, up 19% year-on-year. In the first two months of the current fiscal beginning April, handicraft shipments rose 16% year-on-year.

This has been mainly made possible due to an increase in demand from the European and US markets, which together account for around 60% of Indian handicraft exports.

The exports of handicrafts which had been rising on a sustained basis till 2006-07 started declining in the year 2007-08 and 2008-09. However, during 2009-10, exports started picking up and the trend is still continuing.

In 2010-11, shawls registered a growth of 38%, hand printed textiles and scarves recorded a rise of 19%, embroidered and crochet goods posted an increase of 15%, while, zari and zari goods showed a growth of 17%.

It is expected that the growth in the year 2011-12 will be good. The highest growth in the first two months of the current fiscal has come again from imitation jewellery, followed by wooden and metal handicrafts, crochet goods, hand printed textiles, shawls and zari goods.

Speaking exclusively to fibre2fashion, Mr Rakesh Kumar, Executive Director - Export Promotion Council for Handicrafts (EPCH) said, “Exports of handicrafts during the year 2010-11 stood at Rs. 10,533.96 crore against Rs. 8718.94 crore in 2009-10, up 20.82%.

Informing about the latest developments in the sector, he said, “The EPCH and the handicrafts exporting community is now not only focusing on the traditional markets like US, Europe and the Far-East, but it is now making concentrated efforts for exploring new markets like Central Asia, Africa, Latin America. It is also exploring markets for new product lines”.

Providing information about share of various countries in the Indian handicraft export basket, he revealed, “The Indian handicraft industry has been exporting to various countries in the world. However, so far the US has the largest share amounting to 28.60%, UK 10.66%, Germany 8.99%, UAE 6.02%, France 4.45%, Italy 3.43%, Netherlands 2.9%, Canada 2.86%, Japan 2.23%, Switzerland 1.41%, Australia 1.31% and Latin America 1.72%”.

About the conditions in the global market at present and on the demand for Indian handicrafts, he said, “The world market has improved considerably after recession. The demand is picking up. The world market is estimated to be $235 billion and growth rate is estimated at 5%. India's share in the world market is very meager.

“However, the demand for Indian products is very high despite the fact that the Indian products face competition from China, Taiwan, Korea, Indonesia, Hong Kong, Philippines and Turkey etc. Indian products have supremacy of their own for the intricate and exquisite craftsmanship and diversity in designs, raw material and colours from ethnic to modern and contemporary as compared to China where most of products are machine made. While, Indian products have supremacy, as these are still hand crafted”.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marten Alkhagen
Swerea IVF AB

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

Marcel Alberts
Eurofibers

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Jay Ramrakhiani
Occasions Elegance Wear

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


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