Home / Knowledge / News / Textiles / Nepal's handicraft exports rise 6% in 2012-13
Nepal's handicraft exports rise 6% in 2012-13
24
Sep '13
Nepal’s export of handicraft products registered only a slight growth of 6 percent for the fiscal year 2012-13 that ended on July 15, 2013, according to 2012-13 data released by the Federation of Handicrafts Association of Nepal (FHAN).
 
In 2012-13, total export of handicraft products from the country touched Np Rs 4.36 billion, while the export figure during 2011-12 was around Rs 4.11 billion, reports The Himalayan Times.
 
Although the country’s overall exports of handicraft goods registered a 6 percent increase, the exports declined in the traditional markets such as US and UK.
 
Exports of most of the handicraft products including woolen products, silk goods, and cotton goods declined in 2012-13 compared to the previous year, owing to the financial turmoil in Europe, which is the major buyer of the country’s handicraft goods.
 
Hem Ratna Shakya, president of FHAN, said the decline in the exports of most of the handicraft products is mainly due to the financial crisis in the European countries as they are the major buyers of Nepali handicraft products.
 
The country’s exporters should now try to focus on emerging markets which can become new export destinations such as Brazil, Russia, India, China and South Africa (BRICS), due to the economic slowdown in traditional markets like UK and US, he added.
 
Mr. Shakya said the FHAN has taken the initiative to arrange special promotional programmes in the BRICS nations at regular intervals in order to help increase the export figures of handicraft products in the country.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Jurgen Gauger
Spreadshirt

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

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Lynda Kelly
Suominen Corporation

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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:
May 2017

May 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