In the highly profitable global apparel export market, India has continued to show signs of fatigue and has slipped to fifth place, according to a new ranking released by the World Trade Organization as part of the World Trade Organization's 2011 international trade statistics.
The data shows that in 2010, India’s clothing exports fell sharply by 6%, which was the only country in the major apparel exporting countries that experienced the decline in exports.
In terms of total clothing exports, before Bangladesh and Turkey had climbed to India, Vietnam and Indonesia followed.
Home textile
If you consider the export of home textiles and clothing, India can remain in the third place among the major exporters last year, far behind China and the European Union. This is mainly an exporter of India showing strong strength in home textile products, including bedspreads, household linens and curtains.
Overall, according to these statistics, global textile and apparel exports have increased by 15% from 525 billion US dollars in 2009 to 602 billion US dollars in 2010. Despite the economic recovery in the United States, the debt crisis in the euro zone has begun to sprout.
In 2010, India gradually became the world’s second-largest supplier of textiles and apparel, second only to China. In terms of home textile products, India’s exports boomed by 41% in 2010. India is the third largest exporter of home textiles, ahead of China and the European Union and ahead of the United States.
Lost to Vietnam, Indonesia
Although the export of Indian home textiles is shining, analysts say that the loss of competitiveness in apparel and apparel is severe because these products are more profitable than home textile products.
Market trends in early 2011 showed that India has given up more markets in the US market for textiles and apparel products to Vietnam and Indonesia, while Bangladesh is rapidly seizing India’s market share in the EU because Bangladesh enjoys the EU. Give zero-tariff benefits to undeveloped countries.
Between 2000 and 2010, Vietnam became one of the five largest exporters of textiles and clothing in the world. Vietnam's exports grew by 20.3%, because China has made significant investments in Vietnam. China’s growth rate reached 14.8%, Bangladesh reached 12%, Turkey reached 7.8%, and India’s growth rate was 7.6%.
In 2000-2010, China’s share in the global export market increased from 14.8% to 34.3%, India’s share increased from 3.3% to 4%, Turkey’s share increased from 2.9% to 3.6%, Bangladesh’s share from 1.6 % rose to 2.8%, Vietnam's share increased from 0.6% to 2.2%.
The data shows that in 2010, India’s clothing exports fell sharply by 6%, which was the only country in the major apparel exporting countries that experienced the decline in exports.
In terms of total clothing exports, before Bangladesh and Turkey had climbed to India, Vietnam and Indonesia followed.
Home textile
If you consider the export of home textiles and clothing, India can remain in the third place among the major exporters last year, far behind China and the European Union. This is mainly an exporter of India showing strong strength in home textile products, including bedspreads, household linens and curtains.
Overall, according to these statistics, global textile and apparel exports have increased by 15% from 525 billion US dollars in 2009 to 602 billion US dollars in 2010. Despite the economic recovery in the United States, the debt crisis in the euro zone has begun to sprout.
In 2010, India gradually became the world’s second-largest supplier of textiles and apparel, second only to China. In terms of home textile products, India’s exports boomed by 41% in 2010. India is the third largest exporter of home textiles, ahead of China and the European Union and ahead of the United States.
Lost to Vietnam, Indonesia
Although the export of Indian home textiles is shining, analysts say that the loss of competitiveness in apparel and apparel is severe because these products are more profitable than home textile products.
Market trends in early 2011 showed that India has given up more markets in the US market for textiles and apparel products to Vietnam and Indonesia, while Bangladesh is rapidly seizing India’s market share in the EU because Bangladesh enjoys the EU. Give zero-tariff benefits to undeveloped countries.
Between 2000 and 2010, Vietnam became one of the five largest exporters of textiles and clothing in the world. Vietnam's exports grew by 20.3%, because China has made significant investments in Vietnam. China’s growth rate reached 14.8%, Bangladesh reached 12%, Turkey reached 7.8%, and India’s growth rate was 7.6%.
In 2000-2010, China’s share in the global export market increased from 14.8% to 34.3%, India’s share increased from 3.3% to 4%, Turkey’s share increased from 2.9% to 3.6%, Bangladesh’s share from 1.6 % rose to 2.8%, Vietnam's share increased from 0.6% to 2.2%.
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