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

Coats acquires yarn manufacturer Patrick Yarn Mill

Textiles | On 12th Dec 2017

Coats acquires yarn manufacturer Patrick Yarn Mill

Coats, the world’s leading industrial thread manufacturer, has...

India’s garment imports from Bangladesh up 56% post-GST

Apparel/Garments | On 12th Dec 2017

India’s garment imports from Bangladesh up 56% post-GST

India has imported $87.4 million worth of readymade garments from...

Courtesy: Badger Sportswear

Apparel/Garments | On 12th Dec 2017

Badger Sportswear acquires Alleson Athletic

Badger Sportswear, a leading manufacturer of athletic apparel and...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marten Alkhagen
Swerea IVF AB

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Madhu Jain
Madhu Jain

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

December 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

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

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

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

Yes No

Active Poll

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

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

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

Active Poll

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

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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