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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


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