kids' wear and women's wear segment comprise a huge portion of the retail apparel market in India and the women's wear in itself is a Rs 42,600 crore segment.Indian retail market shows that the western wear segment of Rs 2,400 crore,
Apparel industry is growing at the rate of 15 per cent per annum, apparel industry is likely to touch Rs 2 to 2.2 million crore by 2012-13 according to a leading marketing research company
India and Bangladesh have entered into to agreement in which India has agreed to to Import 80,00,000 garments without any duty on it for an year. Bangladesh have started to exported based on this agreement, reportly a first set for garment consignment have reached India without duty. This would again add worry to domestic manufacturer as there will a bit of price war due to this cheaper imports. already domestic players are facing trouble times due inflation, increased fuel cost, rising in yarn price and increased labour prices.
US imports of textiles and clothing grew by only 1.8% in 2007-to 53.1 bn sme (square metres equivalent)-following a 2.6% increase in 2006 and double-digit growth in seven of the nine years between 1996 and 2005. Within the 2007 total, imports of made-up textiles rose by 4.5% and apparel by 3.5%. But fabric imports fell by 2.9% and yarn imports by 9.8%. Apparel continued to account for the highest share of total imports, at 43.9%, reflecting strong US demand for cheap clothing. However, the importance of made-up textiles increased for the tenth successive year. In fact, the share of made-up textiles doubled between 1997 and 2007, from 16.8% to 33.7%.
In terms of fibre type, cotton dominated US clothing imports in 2007 with a share of 60.2%. But man-made fibres dominated imports of all textile and clothing products with a 55.0% share.
US import prices rose for the second year in 2007, following several years of falling prices. The increase was led by China and Asean countries, including Cambodia, Indonesia and Vietnam. But the average price of imports from Mexico continued to fall. China strengthened its lead as the USA's biggest supplier in 2007, in both value and volume terms. Moreover, growth in imports from
China accelerated following a slowdown in the previous year. In volume terms, imports from China rose by 14.8% in 2007. That said, 2007 was the second consecutive year in which growth fell below 40% since China joined the World Trade Organisation (WTO) in late 2001. In 2002 US imports from China rose by 124.5%, in 2003 by 67.0%, in 2004 by 40.7% and in 2005 by 43.7%. US imports from Mexico, the second biggest supplier, fell in both value and volume in 2007. The drop in value was the sixth in succession, while the volume fall was the third in a row. Dominican Republic-Central America- United States Free Trade Agreement (CAFTA-DR) countries also supplied less in 2007, in both value and volume. Imports from South Asia-including India, Bangladesh and Pakistan-accounted for 13.6% of the US import market in value terms in 2007 and a larger 14.9% in terms of volume. But the fastest growing supplier in 2007 was Vietnam-in both value (up by 34%) and volume (up by 31%).
India's textile export prices have not been as competitive as those of smaller countries like Vietnam and Pakistan and faced severe competition in the E.U. and U.S. markets during 2005 and 2007. India's average price for textile exports was higher than China's and Pakistan's, its share in U.S. global textile imports increased by a mere 1.6 percent between 1995 and 2007. Vietnam's share rose to 4.7 percent from 0.04 percent, while that of China went up to 33.5 percent from 11 percent in the same period. India was the third largest exporter of textiles and clothing in the U.S. market. However, in value terms its exports were just one-sixth of China, which was the largest supplier.In volume terms, Pakistan was the second largest exporter of textiles and clothing to U.S. in 2007, while India ranked fourth. Vietnam also seems to be fast catching up with Indian exports.Prices of Indian textiles and clothing hardened during 2005-07 in the E.U. market. Its share in E.U's global textile imports declined to 7.5 percent from 7.9 percent between 1995 and 2007.
Pakistan has experienced a drop of nine percentage in textile exports. This is one of the worst performance by this sector. The Pakistan exporters feel that intense competition from China and Bangladesh have wounded them along with high production cost. The production costs are high compared to their main competitors such as China and Bangladesh, this make them uncompetitive in global market. The exporter demand for more R&D setups to increase the exports.
Tesco have come up with a T-shirt and socks with built-in mosquito repellent.
Woven with extracts of lemon eucalyptus and lavender, and coated with a special layer to lock in the smell mozzies hate, the cotton items go on sale today. Repellent is active for up to six washes. The T-shirts cost �8 (children's �5-�6), while the socks are �4 a pack.
More then two decades of reliable catering to the requirement of FIBC's, container liner, leno bag, geo textile, ground cover, shade nets, hale nets, wind breakers and constructive cover from fully integrated, clean room 30000 square meter manufacturing facility.
Neo successfully launched the value added product i.e. Flexible Intermediate Bulk Containers (FIBC), and Raschel Bags in the year 1996 and was also successful in penetrating Overseas Market for the FIBC and Raschel Bags.
Indian company Neo Corp International has acquired UK's Euro Plast Euro Plast, a technical textile marketing company which has extensive business in UK, France and Germany, has an annual turnover of about $10-15m. The Indian technical textile market is worth $3bn, growing at a rate of 26 per cent/year. Neo is currently manufactures products including container liners, geo textiles, ground covers, shade nets and wind breakers
Indian domestic apparel player have been looking to improve their strategy to encash the growing kidswear market. According to a KSA Technopak report, the kidswear market in India is estimated at Rs 17,300 crore, and has shown a growth of 16% in 2007. Besides, there is an additional Rs 11,500 crore of kids uniform segment growing at more than 23% in 2007, thus taking the total kidswear market at about Rs 28,800 crore with an annual growth of 18%. The urban kidswear market is estimated to be about 60% of the total kidswear market.(source: Economic times)
Cotton price has increased, petrol price keeps increase on a regular basis, Inflation at about 7% constantly through out past six months, increase in the wages cost, yarn price hike, increase in the dyeing prices.... when everyone has increased the price why not Tirupur knitwear exporter, they have planned to hike the price by about 10 - 15%. They have decided to talk with their clients in the regard to price hike. only time will tell us weather customers are interested in hiking the price or will seek new suppliers else were..
Related topics:Reason For Raising Yarn price
The yarn price in India as whole has been increasing. many say the reason for the price hike is due the cotton price rise. Now comes the question, has the demand for cotton gone due to low production as compared to previous, the answer is no, the production cotton is as compare to previous year. The main culprit the is exports, According to Cotton Advisory Board (a government body under the Central Textile Ministry) the cotton export for the year 2007-2008 is 8.5 million bales, (one cotton bale consists of 170 kgs) out of which 60% has gone to China alone.if these exports were not allowed by our government then, there would never have been an shortage of cotton in the home market. Now Tirupur exporter have felt the pinch of the rising yarn price.
Primark a leading retail stores in UK has been sourcing their knitwear requirements from Tirupur. They have been sourcing in Tirupur for more than a decade. The have their own social responsibility policies which are expected to followed up the ready made garment exporters and also by the exporters sub contractor. During an surprise audit by Primark officials they have found out the ready made garment exporter's sub contractors have employed child labour. In the context of child labour employment primark have stopped from further supply of their products to primark.
Here is a video that shows us how naturally the fabric and yarn can be dyed. If this method is a success method for knitted fabric then,Tirupur dyeing industry has a chance to implement this to avoid the pollution. Government however should step to test this natural way to dying. if this is success and implement then not only we will have less pollution but cheaper dyeing and more indirect employment. pls watch this video which explains in detail about the advantage of natural dyeing
