Of the textile growth of $2.6 billion, growth from the US and the EU marked only $466 million, up 18 percent. Of the garment growth of $5.3 billion, growth from the EU and the US scored $4 billion, accounting for 75 percent. This shows that in the past six years, India's growth rate in clothing sector was stronger, and primarily led by the demand from Europe and the US, while textile growth was mainly in countries outside Europe and the US.
In 2000-2006 periods, Chinese textile exports increased to $37.4 billion from 13.6 billion, a growth of 174 percent. Apparel exports rose from $35.7 billion to $100.7 billion, an increase of 182 percent.
Of the clothing growth of $64.9 billion, the growth with the EU and the US was $22.8 billion, accounting for 35 percent. Garment exports to Japan showed little increase. Of the textile growth of $23.7 billion, the increase of $18.9 billion were from the EU, $4.4 billion were from the US, $4 billion were from Japan. The three countries together accounted for 80 percent of the total increase.
From the above analysis it can be seen that China's growth rate has far exceeded India in both clothing and textile exports.
Relatively, India's garment competitiveness is stronger than textiles. Chinese textiles still have a considerable competitive edges in the EU market.
Fibre2fashion, News Desk - China
marketing@alchempro.com
