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Bangladesh and India have taken larger shares of EU’s cotton T-shirt market this year, after quotas were re-imposed on Chinese products. Shipments from Vietnam are also surging, boosted by extremely low prices while Turkey is increasingly threatened by the high level in its prices.
The United States and Mexico have signed a decisive commutation agreement that would allow apparel producers in Central America and the Dominican Republic (D.R., using Mexican fabrics, including denim, without losing their duty-free access to the US market.
To flourish cottage industry of Anakaputhur in India, the Ministry of Textiles (MOT) initiated schemes to encourage weavers using jute to weave saris, shalwars and other dress materials. Recently, loan of Rs1,20,000 was received from Indian Bank to eleven women of self help group (SHG) to purchase raw materials, to get training in creating new designs and to sell finished products through showrooms run by the Central and State Governments.
World cotton consumption is forecast at 25.5 million tonnes in 2006-07, up 3% from last season. World cotton imports are projected at 9.0 million tonnes in 2006-07, down 5% from the record reached in 2005-06 due to a projected decline in imports by China (Mainland).
According to the Brazilian Textile Clothing association ABIT, monthly Brazilian production of denim amounts to 45 million meters. Brazil is proud being the world’s second largest denim fabric producer after China, the third largest knitted fabric producer and the fifth largest apparel producer with more than 10 billion pieces in 2005 meters exported.
The Indian textile designers visited Sri Lanka for training of local handloom weavers to use modern techniques and new designs, The training workshop assistance was organised by the Ministry of Textile Development along with the National Institute of Designers, New Delhi.
US apparel imports from China are now surging, compared with the similar period last year. Latest data, however, confirm that shipments will seriously rise this year in volume terms, even more soaring in value terms. The low level in quota fill rates in 2006 could also have pushed up US demand for 2007, with no risk in sight of new US embargoes in the coming year.
The export earnings from silk goods reached an all time high at Rs 3,194 crore in 2005-06 following a sudden spurt in demand for Indian silk products globally. The US, UK, Italy, German and UAE markets stood as the top five countries importing silk goods from India in the first seven months of the current fiscal.
The US Congress has passed a trade package, including extension of the Andean trade preference and AGOA’s third country fabric provision. Haiti is being granted generous rules of origin, allowing 50% of value from Asian origin.
Cotton yarn prices were slightly down in the month of December in India. In the longer run, yarn prices could be depressed by excess supplies as new plants are progressively coming on stream in the country. A lack of investment in modern weaving capacities is another threat on the Indian yarn market.
Wool prices again rose in Australia and South Africa for the last sessions of the year, with prices finally surging over the past 12 months. More is to come, with a severe drought negatively affecting qualities and quantities in Australia.
Far from ending, recession continues in India’s denim market with prices reaching very low levels. Weavers try now shifting to other products, such as grey fabrics, or making more sophisticated denim in order to compete with rising imports from Turkey or Japan.
Spun yarn prices did not really move in the past two weeks in China, except a rise in polyester yarns on certain markets. Stability in cotton, polyester and viscose prices helped spinners in resisting any decline. Margins are extremely good as far as cotton is used, due to the fall in cotton prices.
After facing anti-dumping in India, silk enterprises in Chongqing city started seeking business opportunities in South Korea. After conducting survey of several leading silk companies in Chongqing, experts from South Korean silk industry made decision to strengthen cooperation with Chongqing.
The US market for cotton bed sheets offers a clear view of the low-cost revolution. Pakistan now attracts more than 50% of the import market with China taking another 22%. Except Turkey and Brazil, other countries retreated in 2005 and 2006 while US production is rapidly disappearing.
Uzbekistan’s cotton exports could decline this season as more cotton is processed within the country with yarn exports expanding at the same time, according to a report from the US Department of Agriculture (USDA).
Brazil is also an important producer of intimate wear and beachwear. In 2005, the Brazilian production of intimate wear exceeded 600 million pieces and that of beachwear 200 million pieces. By 2010, Brazil wants to export US$4 billion worth of textile and clothing articles.
China’s T-shirt exports continued to grow in the first six months despite poor sales to the United States and the European Union. With shipments to these two markets limited by quotas, Chinese exporters have instead focused on developing existing and newer markets.
