Home / Knowledge / News / Textiles / Textile industry in deep trouble
Textile industry in deep trouble
22
Nov '08
According to the latest report form Statistics Division, it seems that the rough period of Pakistan textile industry has continued into this financial year.

As per the official figures, export of textile products was registered under US $3.54 billion for first four months or July-October period of current fiscal.

This shows a significant drop from $3.573 billion achieved in the same period of last year.

Data shows that export performance of nearly all textile categories was weak during the four months.

While the export of cotton yarn shrunk 13.50 percent, that of other yarns dropped 37 percent as against the same period of previous year.

Export of cotton carded or combed fell 18 percent, and bed wear slid over 9 percent. Tents, canvas and tarpaulin shipments also plunged 21.19 percent, and that of readymade garments and other textile materials declined 20.25 and 16.65 percent, respectively.

Nevertheless, export of raw cotton skyrocketed 234.35 percent. Cotton cloth and towels export increased 9.25 and 31 percent, respectively. Art silk, synthetic and made-up articles as well as knitwear shipments grew by 5.44 and 4.21 percent.

Carpet sector is also in doldrums. The industry has been badly affected by global recession and the players are struggling to get Government's attention.

Associations and companies are proposing schemes and projects that will help pick up the industry. Some are even demanding incentives that will help manufacturers upgrade the product quality, so as to attract bigger orders.

Experts agree that the textile industry is actually in deep trouble with lack of liquidity and shortage of demand. They stressed that Government needs to understand the industry's problems and take aggressive steps to lift up country's chief foreign currency earner.


Must ReadView All

Textiles | On 20th Sep 2017

India needs to double cotton farmers’ income: top official

India needs to double the income of cotton farmers and non-farmers...

Textiles | On 20th Sep 2017

Pakistan seeks more JVs with China: textile minister

The Pakistani Government wants to forge more joint ventures (JVs)...

Apparel/Garments | On 20th Sep 2017

Egypt’s garment exports touch $941 million in 8 months

Egypt's garment exports touched $941 million in the first eight...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Steve Cole
Xerium Technologies

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

Larry L Kinn
Suominen Corporation

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Tony Ward
Tony Ward

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

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

September 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
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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