Sales Of Clothing Will Continue To Decline In 09 Years.
"Research and market" recently released the world textile and garment trade and production trends: the United States and the European Union. The report said that demand for clothing in the US began to shrink for the first time since the end of 1940s in 2008. Sales of clothing and clothing accessories stores and department stores have shrunk despite the active sales of clubs and supermarkets. As consumer spending cuts, clothing sales in 2009 are expected to decline further.
Imports of clothing in the United States dropped by 2.7%, of which the decrease was evident in all kinds of coat products. Textile imports fell by 7.2%.
In 2008, China is still the largest supplier of textiles and clothing in the United States, occupying 41% of the market share. Other major suppliers include Pakistan, India, Mexico and Vietnam.
The sharp decline in textile and clothing production in the United States reflects the weakness of the market and indicates that production is continuing to shift to low-cost countries.
In 2008, the volume of textile and clothing exports increased by 1.1% and 2.6% respectively.
EU textile and clothing production also declined in 2008, which began to accelerate since the second half of 2007.
In the third quarter of 2008, the European Union's clothing output decreased by 4.7% compared with the same period in 2007, while the output of textiles decreased by 8.7% over the same period.
Imports of main suppliers in the EU have shrunk.
In the first 11 months of 2008, imports of textiles and clothing from Hongkong, Indonesia, South Korea, Thailand, Turkey and Vietnam fell by two digits.
But in terms of exports, some European Union companies have achieved remarkable success in Russia (the largest garment exporter in 2007) and Ukraine.
Editor in chief: Xu Qiyun
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