Global Textile And Apparel Trade And Trend

Textile and apparel trade and trend in the world, textile production in the United States declined for tenth consecutive years in 2007, falling to the lowest level in 35 years.

Clothing production decreased by 40%.

The employment rate of the textile industry has also decreased by 9.2%, and the employment rate of the garment industry has decreased by 8.3%.

But the average price of clothing in the United States increased by 25% on average, because the output of high end and high profit market is increasing.

The growth in import volume has slowed down, and consumer clothing and footwear expenditure has increased by only 3.7%, compared with 4.5% in 2006 and 5.1% in 2005.

At the same time, although some products are subject to quota restrictions, China's exports of textiles and clothing to the US still grow, with a 14.8% increase in volume and an increase of 19.4% in volume.

In 2007, Vietnam's exports to the United States increased by 31.2%, and its volume increased by 34.2%.

Output in Argentina textile industry has increased by 5.5%, and clothing output has increased by only 0.6%.

But textile exports increased by 18.2% and clothing exports increased by 13.2%.

After a major setback in 2006, Brazil's exports rebounded in 2007.

But export growth has been attributed entirely to textiles and strong growth in exports to Indonesia, Pakistan, Mexico, Venezuela and South Korea.

At the same time, sales to the United States and the European Union are very poor.

Columbia's exports grew for four consecutive years, surging by 47% in 2007, but reduced to US exports, so Venezuela became the largest export market with a market share of 55%.

Mexico is still struggling because American Importers are turning their orders to China and other low-cost Asian countries.

In 2007, output in Europe was stable, exports decreased and imports increased.

The EU's imports from China increased by 14.3% to 27 billion 500 million euros.

China's share in the EU import market is as high as 34.3%, while Turkey ranks second, but its market share is much lower than China's 16%.

In 2007, although China's exports to the United States and the European Union were restricted by quotas, China's industry continued to develop.

As exports grew by 19%, output and investment expanded.

Exports in Hongkong decreased because production shifted to mainland China.

Once the US special insurance quota is terminated at the end of 2008, Hongkong's outward processing arrangement (OPAs) may also decrease.

In 2007, Japan's export demand grew by 5.3%, due to export growth to the US, EU, South Korea and Vietnam.

In terms of imports, Japan imported only Chinese clothing in 2007.

In South Korea, exports improved in 2007 due to the expansion of textile sales.

In Taiwan, clothing exports have decreased and clothing output has also decreased.

But textile production is expanding.