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Share of textiles in US market rises
26 Mar '07
1 min read
Certain Chinese textile firms have begun to shift to other countries of Southeast Asia. Export of Chinese textiles to the US is expected to rise this year.
America has limited 21 categories of local textiles since 2005, which resulted in increase of export unit prices.
Although quantity of 13 categories of Chinese textiles exported to US has dropped from 50 percent to 10 percent, the export value of these textiles is still upturning. Export value of Chinese textiles to US surged 20.8 percent last year.
In 2006, unit prices of textiles exported to US rose 8.8 percent while market share of Chinese textiles in American markets reached 29 percent, an increase of 3.9 percent from 2005.
America has limited 21 categories of local textiles since 2005, which resulted in increase of export unit prices.
Although quantity of 13 categories of Chinese textiles exported to US has dropped from 50 percent to 10 percent, the export value of these textiles is still upturning. Export value of Chinese textiles to US surged 20.8 percent last year.
In 2006, unit prices of textiles exported to US rose 8.8 percent while market share of Chinese textiles in American markets reached 29 percent, an increase of 3.9 percent from 2005.
Fibre2fashion News Desk - China
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