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Apparel, Clothing & Garments Industry Overview |
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Release time:2013-02-28 Source:admin Reads: | |
The Global Textile Industry, particularly the Apparel Industry has seen remarkable changes in the past few years. The Garment Manufacturing Industry and the Garment Companies in developed countries are now always on a lookout for cheap source of garment production. The days are gone when textile garment industry was concentrated in the consumption hubs of US, EU and other developed countries of the world. The clothing wholesale supply is increasing worldwide in all the sectors of the industry, whether it is men clothing, women clothing, kids wear or infant wear. But at this time, garment accessory like fabric labels have not been discovered as the necessary part in garment area. The elimination of global export quotas has led to a shift towards low cost countries having strong and established Clothing Industry especially the Asian countries. Therefore, garment suppliers overseas tend to look for garment accessories like quality fabric labels made in Asian countries.
Global garment exports are valued at more than US$310 billion a year, of which the world's top 15 clothing exporters account for more than 80%.
China continues to develop its textile and clothing exports despite the re-imposition of quotas by the United States, Europe and some other developing countries till December 2008 as a temporary safeguard measure on exports from China. The gain is due to the strategy of China to divert its clothing wholesale destinations from US and EU to other Asian countries. With rapid development of textile and clothing industry, garment accessory prominently becomes an emerging product in China. Although limited over U.S trade barriers, China does not feel stuck, instead provides accessories like indispensable fabric labels in an attempt to gain the market share. The result is promising and makes China stand higher in the international trade.
Developing countries in Asia continue expanding their Textile Garment Industry due to their very-low-cost production. Apart from China, the true gainers of the post-quota period are India, Bangladesh, Cambodia and Vietnam. |