Home / Knowledge / News / Textiles / Textile & apparel exports depict negative growth

Textile & apparel exports depict negative growth

31
Mar '08
A recent study entailing details about textile and garment exports of China show that in the first two months of 2008, export price index of the industry increased by 10.15 percent which is higher than the previous two years.

However, the export volume which maintained a consistent growth since 2000, showed a negative growth of -1.78 percent in January and February 2008. This in turn resulted in a low growth rate of 8.19 percent. Export value on the other hand dropped by 10.58 percent from the annual increase of 2007.

Experts believe that a rise of 10 percent in the production cost of the textile industry has been a major reason behind this negative growth.

Combined factors like Renminbi appreciation, lowered tax rebate rate, labor law, rising cost of raw materials and other policy adjustments have taken its toll on the export volume and value of the textile industry.

Textile enterprises had no other alternative but to absorb the rise in prices. However, this is bound to result in a sharp fall in export volume because low prices are still the major factors that keep China alive in international competition.

EU, US, Japan and Hong Kong are recognized as key traditional markets for textile and apparel products of China accounting for about 60 percent of the total exports.

Trade with EU remained positive because of removal of quota. Export value increased 19.84 percent, integrated prices rose by 11.39 percent and export volume grew by 7.59 percent.


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 28th Nov 2020

3 Bangla RMG firms present energy efficiency action plans

Small energy efficiency working groups (SEEWGs) of three top tier...

Pic: Shutterstock

Textiles | On 28th Nov 2020

Pak PM asks ministries to help textile sector meet demand

Pakistani Prime Minister Imran Khan recently directed the commerce...

Pic: Shutterstock

Apparel/Garments | On 28th Nov 2020

Rwanda's garment-textile exports grow by 83% in 2 years

Rwanda's textile and garment sector grew 83 per cent in value between ...

Interviews View All

Top executives, Textile industry, India

Top executives
Textile industry, India

The event should be organised every year

Awen Delaval, Samatoa

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Darshan Mehta, Infinium Polychem

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Sandra Sequeira,

Sandra Sequeira

The JD Institute of Fashion Technology is the educational division of JD...

Alon Moshe,

Alon Moshe

Israel-based Twine Solutions is a technology start-up that has developed a ...

Alessandro Marengo,

Alessandro Marengo

Founded in 1974, Italian firm Zaitex SpA is one of the leading suppliers...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Karan Bose, Hula Global

Karan Bose
Hula Global

Hula Global, a leading isolation gown manufacturer in India, has been...

Mark Brill, Birmingham City University (BCU)

Mark Brill
Birmingham City University (BCU)

<div>A technological breakthrough could see people getting messages about...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

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

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

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


November 2020

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


Advanced Search