Home / Knowledge / News / Textiles / Green product preference buoys Philippines' abaca industry
Green product preference buoys Philippines' abaca industry
12
Feb '13
Thanks to the rising preference of people for green products, both in the local as well as international markets, the abaca industry of Philippines is expecting an eight percent rise in exports this year, after experiencing a decline last year.
 
In a statement, Administrator of the Fibre Industry Development Authority, Cecilia Gloria Soriano, said abaca being a natural fibre and also because of its ability to curb adverse effects of climate change has bright prospects, particularly from producers of renewable goods and composites for construction and transport sectors.
 
Around 90 percent of the abaca traded in world markets is produced in Philippines.
 
Abaca exports from Philippines for initial 10 months of 2012 totalled US$ 91.35 million, making it apparent that the industry would not be able to achieve the US$ 151.84 million target set for the year.
 
Attributing the fall in exports to waning demand in key markets like the US and the EU, Ms. Soriano said exports almost sky-rocketed during 2011, but then as people started holding back their expenses in the wake of global economic slump, there was a dip in demand and exports dropped in 2012.
 
However, she said the demand has once again started recuperating, with rising preferences for green and natural fibre products like abaca.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th Aug 2016

GST rate of 18% should be ideal: CII President

Goods and Services Tax (GST) rate of 18 per cent would be ideal, and...

Courtesy: Sybly Industries

Textiles | On 25th Aug 2016

Sybly starts manufacturing recycled polyester yarn

Polyester yarn manufacturer Sybly Industries Limited has started...

Textiles | On 25th Aug 2016

Prepare development strategy to 2025: VITAS tells govt

The Vietnam Textile and Garment Association (VITAS) has urged the...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Marcel Alberts
Eurofibers

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

Urs Stalder
Sanitized AG

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

Larry L Kinn
Suominen Corporation

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Igor Chapurin
Chapurin

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

Jay Ramrakhiani
Occasions Elegance Wear

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

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
August 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search