Home / Knowledge / News / Textiles / Second half of 2009 does not augur well for textile sector
Second half of 2009 does not augur well for textile sector
05
Jun '09
A recent survey on exports from Zhejiang province indicates that shipments from the textiles and garment sector in the second quarter will not be optimistic which is also based on business orders and visitor numbers at the last Guangzhou Trade Fair.

Business orders are slightly better than the first quarter, but the volume of each single order is smaller than previous one, with lead-times being even shorter. Per unit prices are also continuously falling leading to a cautious attitude to future prospects.

Trade volume of textile and apparel categories registered US $3.23 billion at the 105th Canton Fair, down 11.7 percent from the previous session. Growth rate of exports from the sector registered a negative 12.55 percent in April.

Of which, textiles fell 14.39 percent year-on-year and clothing dipped 11.22 percent, while growth rate of exports in the first quarter recorded a negative 9.03 percent. The main reason for decline in exports is the continuing sluggish demand.

Apparel retail consumption in the US is expected to gradually pick up by the end of the year. In general, apparel markets pick up 6-8 months after real income growth begins and this is expected to begin anytime from now.

This leads experts to expect exports of clothing and textiles to pick up and improve from fourth quarter onwards. However, the markets of Japan and the European Union are relatively considered not so optimistic.

Japan's decline of real income growth has accelerated this year, when compared with 2008 and Japan's consumption of apparel and textile products also does not seem to be cheerful, even in the second half of this year.

Experts say, perhaps the most difficult period is over and believe that now onwards things can only improve but not at a very fast pace and normal market conditions can be expected to return only by 2010.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Karan Arora
Karan Arora

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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
April 2017

April 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