Dynamic Analysis Of International Textile And Garment Market In 2008

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 has increased its share of textile and clothing imports from the 25 EU countries 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 worth of clothing to the United States. In 2007, the value of clothing exported to the United States reached $4 billion 350 million, while the value of garments exported to the United States was 3 billion 200 million dollars in India.

The continued appreciation of 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.

Yang Jing: editor in charge