2012, A New Situation In Clothing Market: "Volume Fall And Price Rise".

In 2011, global clothing exports increased by 17%, up to $412 billion, the most recent growth in exports in the past 20 years, according to Textiles Intelligence, a British business information company.

The volume rose by only 5%.

The agency's latest forecast says that global clothing exports will be lower in 2012 and exports will continue to be strong.

The growth of global garment exports in 2011 was mainly due to the rise of commodity prices, especially by the dramatic increase in production costs.

Especially in low cost major Asian exporting countries, their energy costs and labor costs showed a substantial increase in 2011. The dramatic increase in cotton prices in 2009 of ~2011 in March has greatly pushed up commodity prices.

In the year, the export volume of the 15 main export countries of the world achieved two digit growth.

and

The strongest performance.

It has increased by 33%, India has increased by 31%, Bangladesh has increased by 27%, Vietnam has increased by 27%, and Sri Lanka has increased by 21%.

However, in the first few months of 2012, export growth slowed down in almost all major exporting countries.

The United States and the European Union are the two largest in the world.

Import data from the market also showed that the import volume of clothing in the two countries decreased significantly in the first half of this year.

Textiles Intelligence predicts that in the future, given the escalating euro crisis,

The hope of recovery is slim. In 2012, the European Union's GDP will continue to decline.

It is optimistic that global clothing exports are expected to continue to grow as energy and labor costs continue to rise in major Asian producers and manufacturers try to ease costs by raising prices.

Experts say that a series of strikes in some countries for workers striving for higher wages are also one of the drivers of rising commodity costs and prices.