;
Home / Knowledge / News / Textiles / Textile mill output plunges 44.85%
Textile mill output plunges 44.85%
18
Jan '08
Data released by the U.S. Federal Reserve yesterday showed that U.S. Textile Mill output fell sharply by 12.1 percent in 2007. The drop in output was the largest since the U.S. government began publishing output data on the topic in 1972. From its peak in December 1997, U.S. Textile Mill output has plunged 44.85 percent.

Output in other sectors of the industry declined too, with U.S. Textile Product Mill output falling 4.9 percent and U.S. Apparel output falling 2.5 percent in 2007. From its peak in April 2000, U.S. Textile Product Mill output is down 17.71 percent. U.S. Apparel output has fallen 59.8 percent since December 1994.

"A flood of subsidized imports, especially those from China, is crippling the U.S. textile industry. The decline in U.S. output directly is tied to the loss of market share, and the loss of market share then directly is tied to the loss of hundreds of thousands of U.S. textile and apparel manufacturing jobs," said American Manufacturing Trade Action Coalition (AMTAC) Executive Director Auggie Tantillo.

In contrast to the apparel assembly sector where labor represents a substantial portion of a product's cost, textile production is just the opposite. It is heavily automated, capital intensive, and engineering driven. That is why subsidy schemes and illegal trade practices are the main reasons why China and other predatory exporters are able to take away market share away from highly efficient and productive U.S. textile producers.


Must ReadView All

Bangladesh jute industry at risk due to old technology

Textiles | On 18th Dec 2018

Bangladesh jute industry at risk due to old technology

Bangladesh’s jute industry is losing productivity and competitiveness ...

Cotton trading pace slows down in Brazilian market

Textiles | On 18th Dec 2018

Cotton trading pace slows down in Brazilian market

With the low quality of the batches available in the Brazilian market ...

Courtesy: Destination Maternity

Apparel/Garments | On 18th Dec 2018

Destination Maternity reports sales of $92.8 mn in Q3

Destination Maternity Corporation, the world’s leading maternity...

Interviews View All

Anshul Sood, Oceedee

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Sonia Agarwal, Whitenife

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Veronique Lee, Modavanti

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Italtex,

Italtex

Italtex is a leading studio publishing fabric trend-books since 1959....

Pratik Agarwal,

Pratik Agarwal

Breya is a brand of Indo-Western clothes for women owned by ABP Apparels...

Larry Fontana,

Larry Fontana

Italy-based Lafer SpA is one of the most innovative surface finishing...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Mary-Cathryn Kolb, Brrr°

Mary-Cathryn Kolb
Brrr°

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Robert Brunner, Devereux

Robert Brunner
Devereux

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

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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


December 2018

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

news category


Related Categories:

Advanced Search