Home / Knowledge / News / Textiles / Textile & garment sector faces competition
Textile & garment sector faces competition
04
Jul '08
Although six months have passed, the average utilization rate of top 21 categories of US-bound textile and apparel quotas has remained less than 20 percent. This scenario has brought worry among the entrepreneurs related to textile industry.

According to US Customs statistics, till May 21, average clearance rate of 21 categories of popular US-bound textiles and garment quota was only 18.2 percent; the use of quota this year is far behind when compared to 2007. Clearance rate of US-bound cotton shirt (338/339) was 19.5 percent, while it had reached 34.5 percent in the same period last year.

One of the main reasons for decrease in export to the United States is that, China is facing subprime credit crisis. Secondly, many developing nations are also making efforts to seize US market, which has reduced share of Chinese products.

While the cost of textile and garment made in China is rising rapidly, US buyers have started transferring their orders to other countries.

According to US Department of Commerce, in terms of quantity current market share of Chinese textile products in the United States is nearly 40.53 percent. The market share of clothing is around 34.24 percent, this shows that China remains first supplier to US, even though exports decreased.

On the other hand, Vietnamese textile and apparel export to the United States remained strong, indicating a year-on-year growth of 29.69 percent and 33.06 percent.

Even, India's exports to the US achieved a slight growth of 0.54 percent in textiles and 1.72 percent in clothing.

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Textiles | On 23rd May 2017

Grasim's VSF business net revenue up 12% in Q4 FY17

The viscose staple fibre (VSF) business of Grasim Industries has...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Interviews View All

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Wendell Rodricks
Wendell Rodricks

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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:
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