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Editorial: Even China Is Struggling in the Recession-Hit US Textile and Apparel Market--Despite the Lifting of Quotas
published in Issue 140, August 2009
Any textile or apparel supplier who is heavily reliant on the US market can not be finding business easy at present. According to “Trends in US Textile and Clothing Imports”, starting on page 122 of this issue of Textile Outlook International, US imports of textiles and apparel in the first five months of 2009 were down by 14.1% in value and by 11.1% in volume compared with the corresponding period a year earlier.
Most of the major suppliers fared badly, with two notable exceptions. US imports from Vietnam were up in value by 2.9% during the five-month period while those from Bangladesh grew by a significant 9.9%.
Even China is struggling—even though 2009 is its first year for several decades without quota restrictions. In the first five months of the year, US imports from the country were down by 3.7% in value and by 6.5% in volume.
One particularly unwelcome development for producers—although welcome for US consumers—is a reversal of the price firming which has been witnessed in the US market in recent years.
In the first five months of 2009, the average price of US textile and apparel imports fell by 3.5% compared with the corresponding period of 2008, after growing by 5.7% between 2005 and 2008.
Six times a year, Textile Outlook International provides up to 200 pages of expert comment and analysis. A subscription provides an overview of the global fibre, textile and apparel industries. It is essential reading for senior executives in the fibre, textile and apparel industries – and for anyone who is not involved in the industry, but needs to quickly gain an understanding of the key issues.
Reports in Textile Outlook International include:
country profiles – providing a comprehensive guide to the textile and clothing industries in a range of countries and regions. The reports include an economic and political profile together with a comprehensive overview of the main issues, plus an outlook for the future.
company profiles – giving you the opportunity to learn from strategies employed by others. Companies profiled recently include retailers, manufacturers, innovators and sourcing companies involved in textiles and apparel as well as smaller companies which illustrate the opportunities for firms which are interested in selected sourcing locations.
trends in world textile and apparel trade and production – taking into account current issues facing the industry – such as global fibre prices; competition from China and other low cost countries; the elimination of quotas and imposition of selective new ones; relocation of production operations; the impact of economic factors affecting trade; international trade agreements; trade promotion agreements (TPAs); and much more.
trends in EU and US imports of textiles and clothing – providing comprehensive statistical data and analysis of the top ten supplying countries to the EU and US markets. These reports are updated each year and contain value and volume data as well as average prices and analyses of trends for up to 15 product categories.
innovations, technological developments, business development opportunities, individual sector analysis and political implications which affect players in the global fibre, textile and apparel industries. Some of the topics which have been covered in recent reports include: new innovations in the textile and clothing industry, such as environmentally friendly textiles, plant based fibres, and developments in textile colorants; innovations in textile machinery; and overviews of the European swimwear, hosiery and lingerie markets.
So whether you are involved in fibres, textiles or clothing – in manufacturing, spinning, weaving, knitting, sewing, import/export, retailing – or if you are in education or consultancy or investment or finance, a subscription to Textile Outlook International will tell you what you need to know about the key trends in the industry.
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