Home / Knowledge / News / Textiles / Apparel sector derides unrestricted export of cotton and yarn
Apparel sector derides unrestricted export of cotton and yarn
21
Oct '09
The apparel industry is deriding the unrestricted shipments of raw cotton and cotton yarn from the country, which is pushing the prices of these products higher, ultimately leading to an increase in costs for the apparel manufacturers.

Experts from the industry are of the opinion that unrestricted export of cotton yarn would have a serious effect on the exports of the value added apparels making it difficult to achieve the ambitious export target.

They add by saying that, the irony is that the cotton yarn is being exported to competing countries, which is tantamount to subsidizing them and who will also compete in the finished products overseas market, with Pakistan.

They say that, the value added apparel sector is converting raw cotton available at 67 cents per pound into value added finished goods worth US $5-6 per unit; thereby, earning additional valuable foreign exchange for the country.

According to statistical data, exports of raw cotton, cotton yarn and fabrics have increased considerably in recent times. In fiscal 2007-08, raw cotton exports were up 40 percent, up 25 percent in fiscal 2008-09 and overall grew by 20 percent from 2006 to 2009.

In May 2009, exports of raw cotton recorded a growth of 31 percent over the previous month, while in June; it registered an increase of 117 percent over May. In the case of cotton yarn, exports rose by 4 percent in May over April and by 14 percent in June over May 2009.

Exports from value added sectors, on the other hand have witnessed a declining trend in the last fiscal year 2008-09. Knitwear fell by 8 percent, bedwear 10 percent and clothing declined by 4 percent, while exports of cotton and yarn increased by 25 and 15 percent, respectively.

The main impact of export of raw cotton and yarn has been on the prices. Prices of different qualities of combed and carded cotton yarn have increased tremendously in the last few months and have risen between 24 to 33 percent in the last three months.

Due to the rise in prices of raw materials, production cost garments has surged by 10 percent, which has reduced the competitiveness of the Pakistani apparel exporters. Experts say that it has become a matter of survival since, as it is they work on 5-6 percent margins.

Fibre2fashion News Desk - India

Must ReadView All

Textiles minister Smriti Irani at a press conference with minister of state for textiles, Ajay Tamta, the principal director general (M&C), PIB, AP Frank Noronha and other dignitaries. Courtesy: PIB

Apparel/Garments | On 23rd May 2017

Special package for knitwear coming soon: Irani

Union textiles minister Smriti Irani said that the government of...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Larry L Kinn
Suominen Corporation

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

Urs Stalder
Sanitized AG

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

Lynda Kelly
Suominen Corporation

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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