08 Years Dynamic Analysis Of International Textile And Garment Market
According to the survey of India Federation of industry and Commerce (FICCI), in the post quota (2005~2007) era, Pakistan, Vietnam and Bangladesh are exporting more textile and clothing products to the United States and the EU than India.
Vietnam's share of textile and apparel imports in the 25 EU countries has increased from 0.8% in 1995 to 1.6% in 2007. India textile and clothing prices, which showed a downward trend in the quota era, rose in the EU market in the post quota era, making India's share of global textile imports in the EU fall from 7.9% to 7.5% between 1995 and 2007, ranking only third in the whole European market, while Bangladesh rose from sixth in 2002 to fourth in 2007.
In the US, Vietnam seems to be catching up with India's exports rapidly. Although the export prices of India textiles declined during the post quota period, they were still higher than those of China and Pakistan. The proportion of India has not increased significantly.
India's share of global textile and clothing imports increased by 1.6% in 1995~2007, while Vietnam's share increased from 0.04% to 4.7% during the same period, and China increased from 11% to 33.5%. India is the third largest supplier of textiles and clothing in the US market.
According to export volume, India's export volume is only the largest supplier in the United States, China's 1/6. In terms of export volume, Pakistan was the second largest supplier of textile and apparel in the United States in 2007, and India ranked fourth.
In 1995, Vietnam exported only 17 million dollars worth of clothing to the United States. In 2007, the value of clothing exported to the United States reached 4 billion 350 million dollars, while the value of clothing exported to the United States was 3 billion 200 million dollars in India.
The continued appreciation of the RMB has brought more pressure to China's textile and garment industry. The growth rate of 26.3% in the first five months is higher than the average annual growth rate of 20.94%. However, the export growth of clothing products continued to slow down. The value added of clothing exports in April was 8.46%, the lowest growth rate in the past 5 years.
According to Pakistan media reports, if the Pakistan government can not expand its research and development support projects, more than 4000 garment processing units will be closed. The Pakistan hosiery Manufacturers Association said the government insisted on the abolition of research and development support projects for small and medium-sized enterprises, resulting in 6% of the allowance for socks, knitwear and other garment exporters.
A recent study by ATKearney, a global management consultancy, shows that Brazil's high consumption and large imports on clothing make it the most attractive market for clothing retailers.
Brazil exceeded ATKearney and China's retail apparel index in India. This retail apparel index is a list of the top 30 emerging markets for retail clothing investment based on 10 factors such as clothing consumption, clothing import and export. The annual growth rate of Brazil's clothing market is over 7%, and its estimated value is $37 billion 200 million.
Editor: vivi
- Related reading
- Footwear industry dynamics | The "Hypothesis Verification" Method For The Supply Chain Of Footwear Industry
- Today's quotation | Shaoxing Qian Qing Cotton Yarn, Chemical Fiber Yarn Price Reference Table
- international news | Sweden'S "Abandonment" Garment Industry Is On The Way To Change.
- Footwear industry dynamics | Market Observation: The Terminal Weapon Of Shoe Industry Supply Chain
- international news | Britain'S Largest Women'S Clothing Chain Arcadia Plans To Enter The Chinese Market
- Fashion frontier | The Brilliant Harvest Of "Fashion Oscar" Chinese Designer On CFDA
- international news | Russian Textile And Footwear Imports Increased By 73.6% In The First Half Of May.
- Footwear industry dynamics | "Glasses Town" Danyang &Nbsp; Leather Shoes Industry Is Equally Brilliant.
- Brand recommendation | &Nbsp; Hongxing Erke Received Several Technical Patents.
- Professional market | China'S High Quality Casual Fabrics Market
- Global Steel Output Has Dropped By At Least Ten Percentage Points In 09 Years.
- Shenzhen Longgang Longxi Shoe Wholesale City Starts Investment Promotion
- Dongguan Footwear Industry Under The Financial Crisis
- Guangzhou Shoe Wholesale Market
- Two Poles 08 Steel Industry
- Next Year Steel Price Is Expected To Call Back 2000~3000 Yuan.
- New York Gold Futures Prices Rose Slightly
- The Fundamentals Of The Coal Industry Do Not Support Sustained Rebound.
- Stop Tax Refund Policy For Foreign Invested Enterprises To Purchase Domestic Equipment Starting Next Year
- Ningxia Textile Industry Continues To Develop Steadily