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

Pic: Shutterstock

Textiles | On 20th Oct 2020

US, Brazil update agreement on trade, economic cooperation

The United States and Brazil yesterday signed a new protocol relating ...

Pic: Shutterstock

Textiles | On 20th Oct 2020

China building more competitive mulberry silk industry

China is striving to build a more competitive mulberry silk industry...

Pic: Shutterstock

Textiles | On 20th Oct 2020

CBN invests N120 bn to revive Nigeria's textile sector

The Central Bank of Nigeria (CBN) recently said it had invested over...

Interviews View All

Abhishek Samdaria, Reflete

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Textile Industry, Head honchos

Textile Industry
Head honchos

Strike a balance between handmade in India and 'Make in India'

Top executives, Textile industry

Top executives
Textile industry

RoSCTL is need of the hour

Prakhar Singh,

Prakhar Singh

Morgan Tecnica offers the largest and most modern range of solutions for...

Mirella Sardini,

Mirella Sardini

A leading manufacturer of automated machinery and equipment for the...

Joachim Maier,

Joachim Maier

Switzerland-based Uster Technologies AG is the leading high technology...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Johan Berlin, InvestKonsult Sweden AB

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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


October 2020

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


Advanced Search