Home / Knowledge / News / Textiles / Canton textile & apparel fair under intense pressure
Canton textile & apparel fair under intense pressure
09
May '09
The Vice-President of China Chamber of Commerce for Import and Export of Textiles, Mr. Wang Yu says that textile and apparel trade volume in the current Canton Fair will certainly drop.

Textile and apparel trade volume in last session decreased by 31 percent from the previous session, and represented a year-on-year decline of 39 percent and the drop in the current session is expected to remain the same.

Since overall business environment has been poor in the last few months, coupled with factors such as H1N1 Type A influenza, the number of visitors and actual orders received face a very difficult situation.

China's apparel exports rebounded in March to touch US $7.43 billion, representing an increase of 9.9 percent year-on-year. However, clothing exporters continue to face strong pressure.

According to the statistics from China Chamber of Commerce for Import and Export of Textiles, China had more than 50,000 textile and garment exporters in 2008, but the figure fell to just over 40,000 in the first quarter of this year.

The industry says that textile and garment exports figures of March indicate improvement, but exports in April and May are difficult to estimate and longer-term data is needed to determine export trends.

At present, buyers from Europe and the United States continue to undermine China's competitiveness of textile exports under the excuse of environmental factors and impacted by the financial crisis, credit risk of the U.S. market is also increasing, therefore, China's clothing export enterprises still have to wait for a real warmer time.


Fibre2fashion News Desk - China


Must ReadView All

US merchandise trade with India, 2012–16; Courtesy: USITC

Textiles | On 27th Jul 2017

India becomes US’ 9th largest trading partner in 2016

In 2016, India became the United States’ 9th-largest single-country...

Textiles | On 27th Jul 2017

GST will lead to further increase of MMF prices

The Goods & Services Tax (GST) rolled out on July 1, 2017 is not...

Textiles | On 27th Jul 2017

Global yarn production improved 30% q-o-q in Q1: ITMF

In the first quarter of 2017, global yarn production rose by almost...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Kerem Durdag
Biovation II LLC

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

Urs Stalder
Sanitized AG

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Igor Chapurin
Chapurin

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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