Home / Knowledge / News / Textiles / Asia to enter new phase of textile & apparel consumption
Asia to enter new phase of textile & apparel consumption
13
Aug '13
Asia has become the world’s largest textile and clothing supplier, and the region is now about to enter a new phase of textile and apparel consumption, according to analysts.
 
From 2007 to 2012, the Chinese and the Indian markets grew at 15 percent and 12 percent, respectively, outperforming other major consuming regions like the US, the EU and Japan, where economic slowdown led to lower demand growth.
 
Both China and India developed rapidly in online retail network during the past few years, while also stressing on domestic brand development to provide support for the development of the market.
 
The level of consumption in both these countries is likely to increase further, analysts say. Consumer preferences are changing in China towards fashion-oriented clothing, while organized retail in branded goods is developing in India.
 
From the perspective of the entire Asian clothing industry, some experts believe that some countries are too much dependent on the garment industry for economic development, and the price of clothing exports to Europe is still low.
 
The textile and garment industry within Asia is showing an increasingly competitive situation, and the next 3-4 years would see further division between high-end and low-end garment manufacturers.
 
China, Thailand and Vietnam would increasingly move towards producing high-end multi-functional clothing, while Bangladesh, Laos, Myanmar and Cambodia would mainly produce low-end apparels.
 
In Southeast Asia and South Asia, some countries are heavily dependent on imported raw materials and accessories, so the net value added garment industry is difficult to improve in short-term. There is also a problem of lower labour productivity, which causes headache to investors. In addition, some enterprises, especially infant wear manufacturing companies, are facing product quality pressures.
 
Southeast Asian and South Asian countries have low labour cost advantage compared to China, and hence, China’s garment industry is shifting some low-end manufacturing to these regions. 
 
However, the Chinese clothing industry still has an absolute advantage in terms of the level of technology, machinery manufacturing and other aspects.
 

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 18th Feb 2017

Bangladesh apparel sector has 95% local investors: BGMEA

Over 95 per cent of the total investors in the Bangladesh apparel...

Textiles | On 18th Feb 2017

Smriti Irani resolves cutting of carpets issue at ports

During a meeting held with stake holders of the carpet weaving...

Apparel/Garments | On 18th Feb 2017

Andhra Pradesh inks MoUs to set up 12 apparel units

At the recent CII Partnership Summit held in Hyderabad, memorandum of ...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Eamonn Tighe
Nature Works LLC

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Igor Chapurin
Chapurin

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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
February 2017

February 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