Home / Knowledge / News / Textiles / Splendid future ahead for textile exports - experts
Splendid future ahead for textile exports - experts
31
Jan '08
According to WTO estimation, in 2008, America will import Chinese textile products worth of US $50 billion. Textile sector's share in this market is growing with each passing year. Statistics show that in 2003, country's share in the international market was just 17 percent, but, now, it is nearing 50 percent.

A study conducted by industry experts, reveals that since 2003, Chinese textile business has seen a regular growth. In 2004, it went up by 19 percent. Of the total, trade of spinning yarns and woven products surged by 26 percent, taking the value to $2.42 billion.

In the meanwhile, Japan and Australia also opened their markets for the import of textile products from China. Even during the quota-regime, Chinese textile products account for over 70 percent of the total textile import value of Japan and Australia.

The study further points out that although America cancelled the quota limit on 29 categories of Chinese textile products including baby clothes in 2002, in less than 18 months, they expanded the market, which increased from 9 to 63 percent in the region.

Finally, experts observing the present scenario reveal that, in future also Chinese textiles will continue to flourish across the world.

Fibre2fashion News Desk - China


Must ReadView All

Textiles | On 21st Jul 2017

No shortage of cotton & yarn in country: Minister

There is no shortage of cotton and yarn in the country, and the...

Pic courtesy: Sutlej Textiles & Industries Ltd

Textiles | On 21st Jul 2017

Sutlej Textiles’ Q1 FY18 EBITDA expands to Rs 76.28 cr

Sutlej Textiles and Industries Ltd (STIL), one of India’s largest...

Textiles | On 21st Jul 2017

CAI revises 2016-17 cotton crop to 337.25 lakh bales

Cotton Association of India (CAI) has upwardly revised cotton crop...

Interviews View All

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Shawn Honeycutt
Bolger & O'Hearn

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

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Judy Frater
Somaiya Kala Vidya

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

Bani Batra

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

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

July 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

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

Yes No

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

Yes No

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


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



X