2014 Textile Industry Development Opportunities and Challenges
Published on：2014/1/3 17:16:02
Keyword：Apparel market, cotton, textiles, garments, dyeing, fabric, fabric, condition, price
Introduction：With the continued rise of raw materials with labor costs in recent years, some manufacturers have begun in Europe and other markets outside the count...
From a practical situation, the rise of Southeast Asian countries to promote global trade patterns did continue to evolve, even affecting the textile manufacturing relationship with the market rebalancing. In the context of this child, the opportunity to understand the challenges these countries with textile and garment industry will face in the new year to explore investment in production, development and sales with a viable mode of cooperation for development, which for promoting the building with other countries in Southeast Asia between China mutually beneficial multilateral trade relations have great significance.
Opportunity to work with the challenges
Indias textile and garment industry is the most important manufacturing industry, accounting for about 12% of the countrys total manufacturing. According to Indias 12th five-year plan, from 2012 to 2017, total planned investment in Indias textile and garment industry will increase by $ 29.5 billion, direct employment opportunities will increase by 3,000,000.
End consumer warming
Indian retail market is still underdeveloped, but for clothing with the textile industry, this situation is changing occur. About 9% of household budgets Indian consumers will buy used clothing, and 70 percent of consumers said they love to buy clothes. In the major product categories, mens market is showing a rapid growth, its annual compound growth rate will reach 9%. In 2014, the Indian mens market size is expected to reach $ 16.4 billion. In addition, this country luxury goods market will show rapid growth developments, the completion of $ 10 billion in sales in 2014.
Net sales mechanism is not perfect
2013, the global apparel industry recognizes the importance of e-commerce with social networking sites. But in India, online sales of apparel products but mediocre. Mehtas creative lifestyle statement, the development of e-commerce in India will face a series of challenges for Indian consumers still have a higher crime online fraud with vigilance, so the site will not have substantial sales growth. New year, the Indian garment enterprises succeed in network marketing gold market, but also has a standardized platform as the basis.
In Vietnam, the textile industry for the country of 2.2 million people has given employment opportunities of employees per capita monthly income of nearly five million dong. Thanks to specialized production equipment with modern transformation, as well as the influx of foreign investors, the moment, the Vietnamese textile and garment industry has become the largest economic sector, a total of 4,000 enterprises, annual turnover of $ 20 billion, equivalent to Vietnam 15% of GDP.
TPP agreement forward
Development opportunities in Vietnams textile industry with the Trans-Pacific Partnership Agreement (TPP) has no points close relationship. Based on current growth rates, by 2020, Vietnams textile and apparel exports to the U.S. will reach $ 13 billion. However, with the implementation of TPP 2020 actual exports may reach $ 22 billion. This means millions of new jobs opportunities. TPP is considered can bring economic benefits, and can bring social benefits.
Supply of raw materials self-sufficiency difficult
Vietnams domestic raw materials production can only meet 30% of the textile industry production needs, so difficult to raise the industrys trade surplus. To import fabrics, for example, Vietnams garment export processing industry requires a variety of fabrics 6.8 billion meters per year, domestic production is only 800 million meters, and ordinary fabrics, most of the severe dependence on imports of high-grade fabrics. Although the industry self-sufficiency rate of 3 to 5 percent growth year after year, in 2012 reached 49%, but still far below the 90% of India with our 95%.
The United States is a major exporter of textiles and clothing in Indonesia. With the gradual recovery of the U.S. economy, the demand for Indonesian textile products will also increase. In addition to the United States, Southeast Asia, regional markets have not been severely affected by the global financial crisis, it is also a potential market for Indonesian textile products.
Cotton fabric import restrictions cancel
June 2014, the Indonesian Ministry of Trade will cancel the import restrictions on cotton fabric, which will promote the comprehensive development of the Indonesian textile industry, attract investment and create more opportunities. Cotton fabric, especially the white cloth, on Indonesias textile and apparel industry is certainly not less imports. Policy restrictions from May 1, 2012 began, and the provisions of the imported cotton fabric tariffs from 2.5% to 7.5%, which for the Indonesian textile and apparel industry is now a very big challenge