Home / Knowledge / News / Textiles / Performance of textile sector to be pessimistic in second-half
Performance of textile sector to be pessimistic in second-half
Oct '10
Looking from an international viewpoint of supply and demand, cotton production will decline due to decreased acreage and natural disasters this year, but demand has increased sharply with economic recovery, resulting in great increase of textile orders and output in the first half.

Textile industry's profits rose 61 percent in the first half, according to statistics from Ministry of Industry and Information, but it is a foregone conclusion that the industry cannot maintain the results in the second half.

Price hike of raw materials will certainly create larger negative impact on the industry's performance in the second half. Cotton price has hit a high of 15 years, as India has imposed a cap on cotton exports.

Textile orders are generally taken a few months in advance and at a time when raw material prices were at low level, but now with raw material prices rising, these contracts will have to be fulfilled, due to which, profits made in the first half, may be eaten up in the second half.

The appreciation of the RMB will definitely reduce export profits, the impact of power cut on operating rate and reduction of export rebates have wrought great blows on the textile industry, due to which, the industry is expected to record a declined performance in the second half.

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 23rd Feb 2017

NAFTA renegotiation puts Mexico-US jeans trade at risk

The almost imminent renegotiation of the North America Free Trade...

Rick Helfenbein (left), president and CEO of AAFA, with Juan Estrada, chief of party, Hub; Courtesy: Hub

Apparel/Garments | On 23rd Feb 2017

AAFA inks agreement for best manufacturing in East Africa

The American Apparel & Footwear Association (AAFA) has entered into a ...

Mango vice-chairman and member of the board of directors Daniel Lopez (L) with Ananth Narayanan, CEO, Myntra & Jabong. Courtesy: Myntra

Apparel/Garments | On 23rd Feb 2017

Mango awards distribution & management rights to Myntra

Mango, the Spanish fast fashion brand, has awarded its master...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Lynda Kelly
Suominen Corporation

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

Yash P. Kotak
Bombay Hemp Company

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

Prathyusha Garimella
Prathyusha Garimella

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

Rupa Sood and Sharan Apparao

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


Letter To Editor

(Max. 8000 char.)

Search Companies

February 2017

February 2017

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


Browse Our Archives


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