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T&C sector maintains growth rate at Canton Fair

09
Nov '09
The downtrend witnessed in the number of overseas buyers since the last two consecutive Canton fairs have finally ended. Overseas buyers, especially from the European Union and the United States increased in the just concluded session.

With the conclusion of the current fair, export turnover achieved US $30.47 billion, down US $10.8 billion compared with Autumn Fair last year, and less almost 20 percent compared with US $37.45 billion of 2007 Autumn Fair.

Transactions of traditional overseas buyers perked, along with an increase in trade volumes of emerging markets and the European Union, Middle East and the United States still continued to remain among the top three in transactions.

One European trader expects that European consumer market may turn for the better by the middle of next year which implies that the fourth quarter of this year and the first quarter of next year will be a testing period for buyers as well as suppliers.

At the current Fair, transactions of most common commodities picked up. Turnover of light industrial products realized $9.76 billion, up 16.6 percent and textile and apparel deals achieved $3.42 billion, an increase of 5.9 percent.

Chinese experts point out that China will maintain growth of trade volume next year, while at the same time it will have to pay more attention to quality of exports.

Fibre2fashion News Desk - India


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