Home / Knowledge / News / Textiles / Second half of 2009 does not augur well for textile sector
Second half of 2009 does not augur well for textile sector
05
Jun '09
A recent survey on exports from Zhejiang province indicates that shipments from the textiles and garment sector in the second quarter will not be optimistic which is also based on business orders and visitor numbers at the last Guangzhou Trade Fair.

Business orders are slightly better than the first quarter, but the volume of each single order is smaller than previous one, with lead-times being even shorter. Per unit prices are also continuously falling leading to a cautious attitude to future prospects.

Trade volume of textile and apparel categories registered US $3.23 billion at the 105th Canton Fair, down 11.7 percent from the previous session. Growth rate of exports from the sector registered a negative 12.55 percent in April.

Of which, textiles fell 14.39 percent year-on-year and clothing dipped 11.22 percent, while growth rate of exports in the first quarter recorded a negative 9.03 percent. The main reason for decline in exports is the continuing sluggish demand.

Apparel retail consumption in the US is expected to gradually pick up by the end of the year. In general, apparel markets pick up 6-8 months after real income growth begins and this is expected to begin anytime from now.

This leads experts to expect exports of clothing and textiles to pick up and improve from fourth quarter onwards. However, the markets of Japan and the European Union are relatively considered not so optimistic.

Japan's decline of real income growth has accelerated this year, when compared with 2008 and Japan's consumption of apparel and textile products also does not seem to be cheerful, even in the second half of this year.

Experts say, perhaps the most difficult period is over and believe that now onwards things can only improve but not at a very fast pace and normal market conditions can be expected to return only by 2010.

Fibre2fashion News Desk - China


Must ReadView All

Uzbekistan-China meeting discusses textile cooperation

Textiles | On 20th Aug 2018

Uzbekistan-China meeting discusses textile cooperation

A meeting of the Uzbek-Chinese business forum on cooperation in the...

Amazon infuses additional $400 mn into India operations

Apparel/Garments | On 20th Aug 2018

Amazon infuses additional $400 mn into India operations

Amazon has invested an additional $400 million (₹2700 crore) in two...

Moldova wooing Indian investors in textiles, agriculture

Textiles | On 20th Aug 2018

Moldova wooing Indian investors in textiles, agriculture

Moldova is wooing Indian investors in textiles, agriculture and a few ...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Yash Jain & Sanjeev Jain

Divyam Export, launched about 30 years ago, exports to 15 countries,...

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Pranav Mishra
Huemn

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

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


August 2018

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

news category


Related Categories:

Advanced Search