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

EU renews GSP+ scheme for Pakistan 2 years

Apparel/Garments | On 24th Feb 2018

EU renews GSP+ scheme for Pakistan 2 years

Pakistani exporters can enjoy preferential duties on exports to the...

Surat wary of e-way bills

Textiles | On 24th Feb 2018

Surat wary of e-way bills

There is no respite for Surat’s textile manufacturers and retailers....

Retailers choose sides in Alibaba-Tencent battle in China

Apparel/Garments | On 24th Feb 2018

Retailers choose sides in Alibaba-Tencent battle in China

Two big Chinese firms— Alibaba Group Holding Ltd and Tencent Holdings ...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Kerem Durdag
Biovation II LLC

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Larry L Kinn
Suominen Corporation

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Rupa Sood and Sharan Apparao
Nayaab

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

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

February 2018

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
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

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
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

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
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

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
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


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