Home / Knowledge / News / Textiles / T&C sector to maintain negative export trend in Q4
T&C sector to maintain negative export trend in Q4
12
Oct '09
Exports from the Chinese textile and apparel sector have entered a period of downward spiral, beginning from 2009 leading to a decline in exports by 11 percent in the first seven months of the current year and also seem likely to maintain negative growth for the rest of the year.

In the second half of 2009, labor-intensive industries like textile and apparel industries started to show a marginal recovery and the negative growth was not as high as in other sectors and major market shares of Chinese products continued to improve.

Growth drop in exports to the EU was relatively small while, exports to United States and Japan managed to achieve commendable growth. From 2003-2006, exports of China's textile and garment industry achieved a year-on-year growth of more than 20 percent each year.

The bigger reason for the recovery is that most of the retailers have cleared their inventories, leading to a demand for fresh stock. Industry analysts are of the opinion that, overseas markets have moved more towards value based products.

From the trend of the first half of 2009, decline in textile and garment exports is basically a foregone conclusion for the rest of 2009. But this decrease is not so depressing, since; the negative growth has not been as high as in other sectors, which have witnessed drops of as much as 20 percent.

Experts aver that, China's textile and apparel industry has integrated itself with international standards faster than other Chinese sectors, and they advise that, the sector should realize structural adjustment, in order to enhance its overall level in post-crisis era.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Larry L Kinn
Suominen Corporation

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

Pranav Mishra
Huemn

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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