Home / Knowledge / News / Textiles / Import of textile boards & threads rise considerably in Q1

Import of textile boards & threads rise considerably in Q1

16
May '08
According to the Ministry of Industry and Trade (MOIT), in the first quarter 2008, Vietnamese textile and apparel industry had spent nearly US $13.5 million on importing different varieties of textile boards for local production. The figures witness an increase of 23.5 percent over same period 2007.

In March, the nation had to spend approximately $4.7 million for importing boards, a significant rise of 21.8 percent over previous month and 17.7 percent year-on-year. Among all suppliers, Korea remained at top position, by enjoying a strong growth of 51 percent.

In 2007, Vietnam imported textile boards that include elastic, cotton, fibre, worth $57.1 million, representing a year-on-year boost of 48.3 percent. Import from Korea came up to almost $18.3 million, accounting for 32.1 percent of total.

The nation also expended nearly $5.28 million for importing threads for local garment production units in March 2008, with a boost of 43.1 percent, compared to February showing hike of 26.9 percent over same period last year.

During the first three months of 2008, import turnover climbed to almost $14.1 million, representing a year-on-year growth of 47.5 percent.

Asian countries including China, Thailand and Japan are the largest suppliers of thread to Vietnamese garment industry.

The imports price of thread in Q1, for 100 percent polyester spun thread sourced from China stood at approximately $0.7 per reel and 100 percent polyester thread was at $1.03 per reel, up by 9.6 percent over same period of 2007.

The 100 percent cotton C60 thread, 310,000m per reel which was imported from Thailand quoted at nearly $4.52 per reel, a rise of 7.6 percent. In the same line, the price of the 100 percent polyester thread from Japan was around $4.84 per reel, a boost of 5.7 percent.

Fibre2fashion News Desk - Vietnam


Interviews View All

Shiladitya K Joshi, Truetzschler India Private Limited

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Veronique Lee, Modavanti

Veronique Lee
Modavanti

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

Nitin Soni, Dolphin Jingwei Machines

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Suresh P Bagrecha,

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Carmen Makover,

Carmen Makover

Leading the digital textile printing industry, Israel-based Kornit...

Ravi Kant Prakash,

Ravi Kant Prakash

A crucial role in the process of fabric manufacturing is played by the...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Razvan Popescu, Directa Plus SpA

Razvan Popescu
Directa Plus SpA

Directa Plus is one of the largest producers and suppliers worldwide of...

Marcel Alberts, Eurofibers

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search