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Chinese T&C market share in US & Japan grows

03
Feb '10
Vice-President of China Textile Industry Association, Xu Kunyuan recently gave an analysis of the economic condition of the textile industry in 2009. He said that, 2009 exports of textile industry demonstrated the most significant decline in recent years.

This, he said was mainly influenced from the downturn in demand in international markets and he predicted that export growth of the industry will remain sluggish in 2010 too. Exports of textiles and clothing amounted to US $171.33 billion, down 9.65 percent, with decline mainly concentrated in small enterprises.

In the first 11 months of 2009, US imports of Chinese textile and apparel accounted for 40.22 percent of total imports, up 5.10 percent compared with same period of the previous year, while China's share of Japanese imports from the sector rose by 1.77 percent to 78.54 percent.

Although the textile industry has achieved encouraging progress, export growth momentum of China's textile industry is expected to still be limited in 2010, due to the slow pace of demand recovery in international market in 2010. China's textile industry is expected to achieve about 4 percent growth in exports in 2010.

Fibre2fashion News Desk


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