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China has taken control of half of the US apparel market in areas where quotas have been removed, gaining much of it from other developing countries, a US textile group said. The National Council of Textile Organizations (NCTO), citing official US government data, said the developing world has lost US$3 billion in exports while China has gained almost US$8 billion in textile sales during the past four years.
Chinese Government has decided to reduce export duty rebate on clothing by 2% within one month. Exports of China exceeded imports and favourable balance amounted to US $14.6 billion which has forced the Government to reduce rebate on export duty. Chinese exporters are disappointed due to this decision as they will lose profitability margin.
Textile machinery sales have recorded 21.52 percent increase during the first six months this year. The surge has generated by demand for top and middle grade textile machines market. Moreover, Chinese textile machines export has been rapidly growing with the export value of first half this year reaching US $565 million; Major export destinations were India, Pakistan and Bangladesh occupying 40 percent import value of $565 million.
The US announced an agreement with the Philippines to cooperate on eradicating the practice of illegal re-shipments of textile and clothing goods. The move comes as part of a US clampdown on imports from countries suspected of rerouting goods made in China, subject to quotas in the US. A joint strategy is also being pursued by Congress, customs and US textile manufacturers.
Indian Union Textile Minister, Mr Shankarsinh Vaghela, said that one emerging segment of the country’s textiles was home textiles, which remains by far a strength of Indian handlooms. Presenting the award of excellence for handloom exporters here, the Minister said that domestic companies dealing in home textiles would be expanding their capacities to capture a greater market share in this segment. Home textiles segments would grow from $2 billion in 2005-06 to $10 billion by 2010.
Arrow Fabrics (Pvt) Ltd, a local company, will establish a readymade garment unit in the Karnaphuli Export Processing Zone. It will be the seventh manufacturing plant in the Karnaphuli EPZ, said Bangladesh Export Processing Zone Authority (BEPZA). The company will invest US$ 1.43 million with a target of manufacturing 250,000 dozens of readymade garments, including jackets, shirts, shorts, trousers and other dresses.
The Dominican Republic’s performance on the US apparel market weakened in the first half of 2006. Shipments into US ports fell 20% while business leaders complained of high operating costs and an unfavourable US dollar exchange rate.
EU knitted and woven clothing imports from Romania were lower in the first quarter. However, the decreases were less severe than a year ago. Also, a move to higher pricing meant that the value of several items actually increased. Italy, despite lower imports, remains the largest destination. Several other leading markets also took in less.
During the 11th Plan, Indian Government plans to setup another 200-250 textile parks across the country, one of these a Rs.125-crore Komarapalayam.
Prices of PTA and MEG have increased following the PTA price settlement for the September contract. PX prices also rose a little in China along with the improvement of FOB Europe. Polyester yarn prices have not changed on Qianqing market although the polyester market was encouraged by the good news concerning the PTA contract price.
Wool prices again reflected the current strength in the market this week with Newcastle sales pushing up prices to higher levels in Australia. South African prices were sharply higher for the first session of the new season, as a clear sign that wool prices will probably not decline in the short term.
The Indian government is in process to amend labour laws in textile and clothing industry by end of 2006 as the industry has huge potential to generate employment, minister for textiles, said Shri Shankersinh Vaghela.
China’s use of EU quotas in the past four weeks has not seen any sudden large increases. However, quota use for pullovers has nearly doubled since the end of June as European retailers stock up in time for the autumn and winter seasons. Overall, annual quota use for most categories remains low and there is little sign of any immediate large increases.
The United States military has long been working with textile engineers to produce touch-sensitive fabrics for military applications. Eleksen, a U.K.-based company, successfully developed and marketed an electronic fabric known as ElekTex. The fabric is composed of five layers, one of which conducts electricity. Other layers provide insulation for the conductive layer and mechanical protection. The structure of the material makes it touch-sensitive, allowing designers to incorporate electronic devices.
The US Congress has been urged by a coalition of trade associations, businesses and pressure groups to extend the so-called “third country fabric provision” that benefits African countries. The group is concerned that the present arrangement, due to be scrapped in 2007, will further reduce US apparel imports from sub-Saharan African countries.
