Shipments to the European Union (EU) and
the US account for nearly two-thirds of the country’s textile and
apparel exports, but registered a decline by value of 11% in 2009.”Between
2004 and 2009, India’s textiles and apparel exports to the US grew by
only 4.2% per annum, while China, Vietnam, Indonesia and Bangladesh saw
growth of 15.3%, 14.5%, 8.9% and 11.5% respectively (by value)..”In
2009, Vietnam overtook India in clothing and textile exports, said the
FICCI report..”A similar trend was witnessed in apparel exports to
the EU, where despite the recession, Bangladesh managed a positive
growth of 3.6% by value in 2009, while India, along with China and
Turkey registered a decline..”According to the FICCI, in 2005 India
and Bangladesh commanded an almost equal share of EU apparel imports,
at around 6.2%. However, by 2008 Bangladesh rose to a share of 7.5%,
while India managed only 6.8%..”In 2009, this gap further widened
with the Bangladesh shared going up to 8.9% and India’s to 7.2%..”The
report also noted that while China’s share of EU apparel imports
increased from 42.7% to 44.7%, Turkey’s fell slightly from 12.7% to
12.2%..”In textiles, India’s exports to the EU witnessed a decline
of 15.7% in 2009 as compared to 12.9%, 15.3% and 9.8% decline registered
by China, Turkey, and Pakistan respectively. Pakistan’s share in the EU
textile market increased slightly but India, China and Turkey saw a
decrease in 2009..”FICCI has this year recommended various steps to
turn around the Indian clothing industry, including diversifying export
markets; encouraging consolidation of small and medium size
enterprises; manufacturing high-tech fibres; making more textile
equipment locally; and more technological support from the government..
Date:7/8/2010
Source:Fibre2Fashion