>>
Home / Knowledge / News / Textiles / Asia to enter new phase of textile & apparel consumption
Asia to enter new phase of textile & apparel consumption
13
Aug '13
Asia has become the world’s largest textile and clothing supplier, and the region is now about to enter a new phase of textile and apparel consumption, according to analysts.
 
From 2007 to 2012, the Chinese and the Indian markets grew at 15 percent and 12 percent, respectively, outperforming other major consuming regions like the US, the EU and Japan, where economic slowdown led to lower demand growth.
 
Both China and India developed rapidly in online retail network during the past few years, while also stressing on domestic brand development to provide support for the development of the market.
 
The level of consumption in both these countries is likely to increase further, analysts say. Consumer preferences are changing in China towards fashion-oriented clothing, while organized retail in branded goods is developing in India.
 
From the perspective of the entire Asian clothing industry, some experts believe that some countries are too much dependent on the garment industry for economic development, and the price of clothing exports to Europe is still low.
 
The textile and garment industry within Asia is showing an increasingly competitive situation, and the next 3-4 years would see further division between high-end and low-end garment manufacturers.
 
China, Thailand and Vietnam would increasingly move towards producing high-end multi-functional clothing, while Bangladesh, Laos, Myanmar and Cambodia would mainly produce low-end apparels.
 
In Southeast Asia and South Asia, some countries are heavily dependent on imported raw materials and accessories, so the net value added garment industry is difficult to improve in short-term. There is also a problem of lower labour productivity, which causes headache to investors. In addition, some enterprises, especially infant wear manufacturing companies, are facing product quality pressures.
 
Southeast Asian and South Asian countries have low labour cost advantage compared to China, and hence, China’s garment industry is shifting some low-end manufacturing to these regions. 
 
However, the Chinese clothing industry still has an absolute advantage in terms of the level of technology, machinery manufacturing and other aspects.
 

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 25th Jan 2022

New US legislation to fix import loophole, boost oversight unveiled

Earl Blumenauer, chairman of the US House of Representatives ways and ...

Pic: Shutterstock

Apparel/Garments | On 25th Jan 2022

China’s garment industry earned $209 bn in revenue in Jan-Nov 2021

About 12,659 garment companies of China earned a combined operating...

Pic: Shutterstock

Apparel/Garments | On 25th Jan 2022

AmCham says RCEP aligns with economic reforms in Philippines

AmCham Philippines has joined the call for the immediate concurrence...

Interviews View All

Textile Industry, Head Honchos

Textile Industry
Head Honchos

Increase foreign exchange and create jobs

Textile Industry, Head honchos

Textile Industry
Head honchos

Good tidings expected for textile industry

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Shyam Gupta,

Shyam Gupta

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

Sanjay Vakharia,

Sanjay Vakharia

One of the first few Indian denim brands, Spykar, established in 1992, was ...

Shivendra Nigam,

Shivendra Nigam

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

Shlomzion Chen, Seevix

Shlomzion Chen
Seevix

Seevix Material Sciences Ltd, which develops and manufactures synthetic...

Shaan Sethi, Jaanuu

Shaan Sethi
Jaanuu

Jaanuu, a vertically integrated e-commerce company, has reimagined the...

Tonny De Beer, PFNonwovens

Tonny De Beer
PFNonwovens

PFNonwovens (PFN) was established in 2018 by the combination of two...

Anju Modi, Label Anju Modi

Anju Modi
Label Anju Modi

Filmfare Award winner for best costume designer,<b> Anju Modi </b>is...

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...

Asmita Marwa, Asmita Marwa Design

Asmita Marwa
Asmita Marwa Design

Indian fashion designer Asmita Marwa has been rated by Vogue as one of the ...

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

Leave your Comments

ESTEEMED CLIENTS

Arvind Limited
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
KAS Direct Sourcing
Boardriders Asia Sourcing Limited
TESCO INTERNATIONAL SOURCING LIMITED
Rayonese Textile Inc., Division de Culp Inc.
Huntsman (Singapore) Pte Ltd
Guess Europe Sagl,
Gloria Jeans
J ;& P Coats
T.T. Limited
Restoque S.A.
Recron Polyester from Reliance Industries Limited
Gatsby Africa
Esprit Europe Services GmbH
Aramark Uniform ;& Career Apparel, LLC
THE BOMBAY DYEING ;& MFG.CO. LTD
Hirdaramani International Export Private Limited
Etam Group Strategy Hong Kong Limited
H;&M Hennes ;& Mauritz (Far East) Ltd
Sportswear Company Spa
Gap International Sourcing Limited
Chori Company Limited
Sportmaster Ltd.
Varner AS Retail
Permoda(Koaj/Armi/Pronto/Bkul)
Midas Clothing Limited
Hela Clothing Pvt Ltd
Decathlon
Alix Partners
KIABI
Target Corporation (MN)
Rosset ;& Cia Limited
Calvin Klein
Tommy Hilfiger
Maceton Limited
BIANCA
Abit
Landmark Group
Bluestem Global Sourcing Limited
Page Industries Limited (Bangalore)
MAS Active / MAS Kreeda / MAS Bodyline
The LYCRA Company Singapore  Pte. Ltd
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Babyshop
Lacoste (Wanchai)
John Varvatos
NITI Aayog
Splash
Lululemon Athletica Inc
Gokaldas Exports Limited
Lifestyle
Under Armour Global Sourcing Ltd
Reiter India Private Limited
SHAHI Exports Pvt Ltd
Seasalt Limited
Tchibo GmbH
Sainsbury's Argos Asia Limited
Phong Phu international JSC (PPJ)
OVS Hong Kong Sourcing Ltd.
Sateri (Jiujiang) Fiber Co.,Ltd
BIMBA ;& LOLA SL
SYNERGIES HONG KONG LIMITED
Eastman Chemical Company
Walmart
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Vardhman Textile Ltd
Asos
Groz-Beckert East Asia LLP
Cat Tuong Real Estate Group Joint Stock Company
Brandix Lanka Limited
PVH Corporation
International Textile Manufacturers Federation
Benetton Group
Desigual - ABASIC, S.A.
Helly Hansen Far East Ltd
G-Star Raw C.V.
IDH – The Sustainable Trade Initiative
Lisa S.P.A.
Puma
Lenzing Aktiengesellschaft
Amazon China
Truetzschler India Private Limited
Alison Hayes Romania
Tory Burch Hong Kong Ltd
Green Fibre
Chico’ FAS
C;&A Sourcing International Ltd
Grasim Industries Limited
LC Waikiki

January 2022

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


Advanced Search