Home / Knowledge / News / Textiles / Shaoxing- Home to biggest textile market in Asia
Shaoxing- Home to biggest textile market in Asia
22
Oct '10
Founded in the 1980s, China Textile City (CTC), the largest textile market in Asia, is located in Shaoxing County in Zhejiang province. Today the city has grown into one of the world's major textile transaction centers, featuring an international trading zone and a raw material market.

The textiles industry is considered as a pillar industry by the locals and the county government. The area encompassed by the textile city is growing with each passing year.
CTC areas were expanded from 1.1 million sq mtrs five years ago to more than 3.2 million sq mtrs.

More than 19,000 shop owners are selling more than 40,000 different kinds of fabrics to 100,000 buyers every day and around half of all the textile producers in the country are conducting transactions in the market, along with the 800 foreign business offices that have opened offices in the city.

The trader's service around 4,700 permanent overseas buyers and products are exported to over 200 countries and regions. According to experts, deals for around 25 percent of man-made fibres sold in worldwide markets annualy are made here and overall trade value has touched 48.77 billion Yuan in the period, January to September 2010.

Exports from the textile city stood at US $1.3 billion in the first eight months of 2010, a rise of 38.7 percent from a year ago. Four CTC websites provide information among which is the China Textile Material Trade Online Market, which has been able to tote up a trade value amounting to 10 billion Yuan since it began operations in early 2009.

Fibre2fashion News Desk - China

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

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Ashok Desai
Bombay Textile Research Association

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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