Home / Knowledge / News / Textiles / Mass-produced goods to feel highest impact of revaluation
Mass-produced goods to feel highest impact of revaluation
24
Mar '10
With the gradual recovery in global economies, exports from the textile and apparel industry have also gradually bottomed out. Data reveals that China's total textile and apparel exports reached US $28.242 billion in 2009, up by 28.98 percent year on year.

Experts are of the opinion that revaluation of the Yuan is the most worrying factor, since most of the exporters are working on wafer thin margins, because of rising costs, which the are not able to pass on to the buyers.

They note that the industry will basically run into losses, if the value of the Yuan is increased by 5 percent and will generate impact on more then 20 percent orders and if the Yuan is appreciated by 8 percent, it will affect 40 percent of orders.

The Government is repeatedly saying in public that the state will maintain the stability of the RMB exchange rate, but major institutions expect the Yuan to appreciate between 5 to 8 percent and most of them are making preparations to reduce the impact.

The experts are expecting the revaluation to take place somewhere in the second-half of 2010 and have exhorted textile and clothing exporters to factor in the same, while accepting new orders for deliveries in the second-half of the current year.

High-value product exporters however are not worried by the development, since the customers they service will adjust to the revaluation, but the worst impact could fall on the mass-goods producers, where there is little room for making adjustments.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Apparel/Garments | On 19th Jan 2017

Asahi Kasei to display sustainable fibre at trade shows

Asahi Kasei, specialty Japanese fibre producer, will be displaying...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

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

Urs Stalder
Sanitized AG

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

Johan Berlin
InvestKonsult Sweden AB

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Igor Chapurin
Chapurin

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search