Rewind 2021 and prospects for 2022 Rewind 2021 and prospects for 2022
Home / Knowledge / News / Fashion / Lace industry struggles to procure profits

Lace industry struggles to procure profits

Mar '08
Starting from 2006, Chinese lace industry is persistently haunted by misfortunes and depressions.

New labor law and RMB appreciation has only add to the already mounting grievances of the industry. In fact, Chinese foreign trade enterprises have started showing vigilance while receiving orders.

So grave is the situation that foreign clothing enterprises in China are moving out to re-establish their base in some other country that offers a more lucrative proposition.

Profits of the local lace industries are getting marginalized rapidly, to the extent that some of the manufacturers have almost stopped production. Besides, those with old machineries and insufficient financial backings are likely to go for a closure soon.

To overcome this crisis, experts suggest lace producing entrepreneurs to give up on producing low grade goods and opt for high quality products. In addition to this, manufacturers can also grab the alternative of using domestic or second hand equipments to save on costs and secure profits.

Fibre2fashion News Desk - China

Must ReadView All

Pic: Shutterstock

Textiles | On 28th Jan 2022

Real US GDP rose at 6.9% annual rate in Q4 2021: BEA

Real US gross domestic product (GDP) increased at an annual rate of...

Pic: Shutterstock

Apparel/Garments | On 28th Jan 2022

Egypt’s garment exports rise by 41% to $2.49 bn in 2021 over 2020

The Egyptian apparel sector’s exports rose by 41 per cent in 2021 to...

Pic: Prasit Rodphan | Dreamstime.com

Textiles | On 28th Jan 2022

Cambodia-Vietnam trade volume touches $9.3 bn in 2021

Cambodia-Vietnam trade volume touched $9.3 billion last year—a rise...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Always best to produce under own supervision

Textile Industry, Head honchos

Textile Industry
Head honchos

Ensured payment of fee was least concern for students

Textile Industry, Head honchos

Textile Industry
Head honchos

Luxury is not just about high prices but ability to create desire

T Rajkumar,

T Rajkumar

<div>Confederation of Indian Textile Industry (CITI) being one of the...

Shyam Gupta,

Shyam Gupta

Established by <b>Shyam Gupta</b> in 1978, Gargee Designer's (GD) offers...

Shivendra Nigam,

Shivendra Nigam

Delhi-headquartered Cantabil Retail India Ltd was founded by Vijay Bansal...

Serkan Gogus, Mogul Nonwovens

Serkan Gogus
Mogul Nonwovens

Mogul is a global player ranked among the top 40 nonwoven producers in the ...

Dr. Sean Blamires, Evolution and Ecology Research Centre

Dr. Sean Blamires
Evolution and Ecology Research Centre

Using spider silk for clothing may not seem to be an attractive...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Anjali Bhaskar, Samatvam

Anjali Bhaskar

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Bav Tailor, Label Bav Tailor

Bav Tailor
Label Bav Tailor

Born in London and Indian by origin, <b>Bav Tailor </b>is the Founder of...

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


Leave your Comments


LC Waikiki
IDH – The Sustainable Trade Initiative
Arvind Limited
Benetton Group
The LYCRA Company Singapore  Pte. Ltd
Recron Polyester from Reliance Industries Limited
MAS Active / MAS Kreeda / MAS Bodyline
Guess Europe Sagl,
Landmark Group
Groz-Beckert East Asia LLP
Lululemon Athletica Inc
Gloria Jeans
Sainsbury's Argos Asia Limited
Phong Phu international JSC (PPJ)
Hirdaramani International Export Private Limited
OVS Hong Kong Sourcing Ltd.
Target Corporation (MN)
Truetzschler India Private Limited
Tory Burch Hong Kong Ltd
Gap International Sourcing Limited
Gatsby Africa
Vardhman Textile Ltd
KAS Direct Sourcing
Chori Company Limited
Cat Tuong Real Estate Group Joint Stock Company
International Textile Manufacturers Federation
Rayonese Textile Inc., Division de Culp Inc.
John Varvatos
Aquarelle Clothing Limited
Hela Clothing Pvt Ltd
G-Star Raw C.V.
Varner AS Retail
C;&A Sourcing International Ltd
Esprit Europe Services GmbH
Sportswear Company Spa
Grasim Industries Limited
Chico’ FAS
The Top Form Brassiere Manufacturing Company Limited
Helly Hansen Far East Ltd
T.T. Limited
Gokaldas Exports Limited
Alison Hayes Romania
Under Armour Global Sourcing Ltd
Desigual - ABASIC, S.A.
Amazon China
Boardriders Asia Sourcing Limited
Lacoste (Wanchai)
Etam Group Strategy Hong Kong Limited
Tchibo GmbH
Page Industries Limited (Bangalore)
Reiter India Private Limited
Sportmaster Ltd.
Bluestem Global Sourcing Limited
Sateri (Jiujiang) Fiber Co.,Ltd
Aramark Uniform ;& Career Apparel, LLC
J ;& P Coats
Huntsman (Singapore) Pte Ltd
H;&M Hennes ;& Mauritz (Far East) Ltd
Lenzing Aktiengesellschaft
Lisa S.P.A.
PVH Corporation
Tommy Hilfiger
IKEA of Sweden AB
Calvin Klein
Eastman Chemical Company
SHAHI Exports Pvt Ltd
Maceton Limited
Green Fibre
Brandix Lanka Limited
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
NITI Aayog
Seasalt Limited
Restoque S.A.
Rosset ;& Cia Limited

January 2022

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

Advanced Search