Recent Announcement Of International Textile Market Information
According to the FICCI, Pakistan, Vietnam and Bangladesh are exporting more textile and clothing products to the US and EU than India after the quota (2005-2007) era. 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 ranks only third in the European market, while Bangladesh has risen from sixth in 2002 to fourth in 2007.
Also in U.S.A Vietnam seems to be catching up with India's exports rapidly. according to FICCI Research shows that the price of India textile and clothing products showing a downward trend in the quota period has risen in the EU market in the post quota era. This has reduced India's share of the EU's global textile imports from 7.9% to 7.5% between 1995 and 2007. In the US market, although the export prices of India textiles declined during the post quota period, they were still higher than those in China and Pakistan. Similarly, the proportion of India in this area has not increased significantly.
1995-2007 years in India U.S.A Global Textile and clothing The proportion of imports increased by 1.6%, but in the same period Vietnam's share grew from 0.04% to 4.7%, and China increased from 11% to 33.5%. India is the third largest supplier of textile and apparel products in the US market. According to export volume, India's exports are only the largest supplier in the United States - China's 1/6.
FICCI's survey also shows that in 2007, Pakistan was the largest export volume. U.S.A The second largest supplier of textiles and clothing, while 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. In the EU, India is the third largest supply country in the EU's 25 country market, with a share of 7.5% in 2007.
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, Pakistan officials have warned that if the government can not expand its research and development support projects, more than 4000 garment processing units will be closed.
In a recent meeting on the difficulties faced by garment exporters, the Pakistan hosiery Manufacturers Association said that if the government persisted in abolishing research and development support projects for SMEs, many garment manufacturers would not survive. According to the current mode, the project can make 6% of the allowance for socks, knitwear and other garment exporters, but the project will terminate in July 1st.
As many factories closed at the same time, thousands of laid-off workers were reported, making the Chinese government's intention to improve the reputation and level of the national textile industry backfired. To make matters worse, the government has so far failed to come up with an effective plan to curb the phenomenon of large number of garment producing and pferring to neighboring countries.
Another problem worthy of China's attention is that India will continue to carry out the project in the next 5 years through the successful "7 year modernization project" and the main competitive country of China's garment production.
According to a recent study by ATKearney, a global management consultancy, Brazil's high consumption and large quantity of clothing imports, as well as its consumption performance in the latest fashion products, 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. China and India closely follow Brazil in the retail apparel index.
Editor: vivi
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