Yarn and Fibers
06 Apr, 2006
India and Bangladesh are among countries benefiting from the uncertainty following embargoes on China’s exports in the US. Instead of sourcing from the Chinese players, the US retailers are redirecting orders to other low-cost Asian producers, including India and Bangladesh. Indian export volume in January 2006 grew 34% against China's 21%.
Exports of textile from India and Pakistan out performed that from China in terms of growth in January. According to the US Office of Textiles and Apparel figures, the textile exports from India in January grew 34% in volumes, well above China’s 21% growth. Pakistan’s exports grew at an even higher rate of 36%.
According to US department of commerce data, exports of Chinese apparel in January were hit by large declines in sensitive quota categories — following the US government’s embargoes last year created a sense of uncertainty among the US retailers.
Overall shipments from China increased only 15% in volume in January compared with that in the same month in 2005. In turn, China’s share in the American market too fell 2% from the 2005 average.
As for apparel exports, India clocked the highest growth in volumes among the developing countries at 46%, while Pakistan’s exports grew 35%. China’s apparel exports increased just 15%.
Other countries such as Bangladesh, Indonesia and Cambodia have seen substantial increase in their exports to the US in January. Bangladesh grabbed the third place in terms of volumes, up 32% from the one-year earlier level. Exports of textiles from Indonesia and Cambodia to the US were also 30% higher in the first month of the year.
Pakistan profited at the expense of China, whose shipments increased by an impressive 35%. Industry experts believe that China will find it difficult to cover the lost ground in the short term.
Latin American countries saw their shipments to the US decline. Mexico, the second-largest US supplier, lost 15% volume from last year, while Honduras and El Salvador were also down by similar levels in export volumes.
Exports of textile from India and Pakistan out performed that from China in terms of growth in January. According to the US Office of Textiles and Apparel figures, the textile exports from India in January grew 34% in volumes, well above China’s 21% growth. Pakistan’s exports grew at an even higher rate of 36%.
According to US department of commerce data, exports of Chinese apparel in January were hit by large declines in sensitive quota categories — following the US government’s embargoes last year created a sense of uncertainty among the US retailers.
Overall shipments from China increased only 15% in volume in January compared with that in the same month in 2005. In turn, China’s share in the American market too fell 2% from the 2005 average.
As for apparel exports, India clocked the highest growth in volumes among the developing countries at 46%, while Pakistan’s exports grew 35%. China’s apparel exports increased just 15%.
Other countries such as Bangladesh, Indonesia and Cambodia have seen substantial increase in their exports to the US in January. Bangladesh grabbed the third place in terms of volumes, up 32% from the one-year earlier level. Exports of textiles from Indonesia and Cambodia to the US were also 30% higher in the first month of the year.
Pakistan profited at the expense of China, whose shipments increased by an impressive 35%. Industry experts believe that China will find it difficult to cover the lost ground in the short term.
Latin American countries saw their shipments to the US decline. Mexico, the second-largest US supplier, lost 15% volume from last year, while Honduras and El Salvador were also down by similar levels in export volumes.
1 comment:
I think India, Pakisthan and Bangladesh has to imporove their cost structure and deliver goods which have quality and cost competitive with chinese garments.
India and other asian countries are currently surviving on the benevolence of USA. India should take a leaf from its IT success were it's quality and cost competitiveness are the only reasons for its great success. Indian textile sector lacks intiatives and its management is unambitious. The textile management(moghuls) count on the local market because it offers them higher returns. The best way to make the textile industry efficient in India is to open the local textile market for chinese textiles. This itself will bring in great effeciencies in the Indian textile segment.
Indian public by and large deserve better garments at cheaper price.
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