Home / Knowledge / News / Textiles / Textile exports plummet, registering a negative growth

Textile exports plummet, registering a negative growth

22
May '08
Decline in exports of textile products have remained persistent in their efforts to cause damage to the industry. In the period between July-April of the current financial year, exports dropped by 2.54 percent to reach US $8.875 billion compared to the same period last year.

It was not surprising to see that almost all the products in the textile category saw exports plummet, particularly in the value-added sector. As a result the overall trend turned out to be negative.

However, in the month of April, export of textile products improved remarkably by 1.65 percent to $872.103 million over $857.967 million of the same month in the last year. Again, when compared to March this year, exports dipped by over 5.59 percent with 923.730 million worth of textile products were exported.

Individually, export of cotton cloth, cotton carded and yarn material also declined by 9, 8.44 and 3.22 percent respectively during the period under review. On the other hand, export of knitwear and raw cotton saw a modest growth of 1.65 and 28.45 percent respectively.

Mr Shabir Ahmed, Chairman of Pakistan Bed Wear Export Association, told Fibre2fashion, “Export of bed wear also registered a negative decline. This is mainly due to high prices of raw material and labor wages and consequently high cost of production. In fact, the manufacturers also have to bear the pressure of high rates of petrol, electricity and gas. We are awaiting favorable measures from Government, especially in terms of reduction in the cost of necessary raw materials.”

Mr Shabir also reveled statistics saying, “In 2006 total export for Bedwear was $2.1 billion and the Government set a target of $2.3 billion for 2007. Unfortunately we were able to export only 1.9 billion and the exports will decline further to $1.8 billion in 2008.

For further statistics click here

Fibre2fashion News Desk - India


Interviews View All

Top executives, Textile industry

Top executives
Textile industry

The foremost issue is bridging the skill gap

Amardeep Singh, Orient Craft

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Mukesh Agarwal & Rajesh Agarwal, Madhuram Fincap Pvt Ltd

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Martina Giorgetti,

Martina Giorgetti

Italy-based Cibitex is a manufacturer of textile finishing machinery,...

Will Qian,

Will Qian

Honghua Digital Technology Stock Co., Ltd. specialises in the R&D,...

Ashish M Amin,

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Urs Stalder, Sanitized AG

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Paolo Ocleppo, Sandvik Hyperion

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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


November 2019

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

news category


Related Categories:

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search