Home / Knowledge / News / Textiles / Textile industry marks sluggish trend
Textile industry marks sluggish trend
31
May '08
It was noted from the monthly report for April 2008, that the US economic slowdown has affected Chinese import and export of textiles and garments significantly.

China's textile exports to the US have been marking a declining trend since the end of 2007 and recorded a shrink in market share. Meanwhile, export to Japan and South Korea was also sluggish. Thus, inventories were continuously on a rise.

On the other hand, there is strong competition in international market. The cost advantage of China's textile and garment industry is waning, in comparison to the neighboring developing countries. Now, Vietnam, India, Indonesia and other countries are attracting huge orders from many foreign importers.

According to statistics, from January to April, China's total textile and apparel exports registered US $50.323 billion, a year-on-year increase of 15.32 percent. Of these, textile exports including textile yarn, fabrics and products, formed $20.717 billion, up 25.13 percent.

Exports of clothing and clothing accessories marked $29.606 billion, an increase of 9.33 percent.

However, experts concern is the fact that, the import and export growth rate, during the period, fell almost to the lowest level in recent years.

Textile industry carries out more than 90 percent of foreign trade transactions in US Dollar. Analysts believe that, with considerable appreciation of RMB, China's textiles and clothing export industry is set to face some tough challenges.

Fibre2fashion News Dsek - China

Must ReadView All

Apparel/Garments | On 24th Mar 2017

UK online retail sales up 15% in February 2017

Online retail sales in UK have grown by 15 per cent year-on-year in...

Courtesy: Messe Frankfurt

Textiles | On 24th Mar 2017

Over 3341 exhibitors participate in Intertextile Shanghai

More than 3,341 exhibitors from 26 countries and regions participated ...

Apparel/Garments | On 24th Mar 2017

Tiruppur garment cluster hopeful of meeting export target

The Tirupur garment cluster is hopeful of meeting its target of...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Mark Paterson
Technical Absorbents Ltd

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

Silke Brand-Kirsch
Schlegel und Partner

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

news category


Related Categories:
March 2017

March 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