INDUSTRY SERIES. Apparel Production and Cluster Development in China IN THIS ISSUE : LI & FUNG RESEARCH CENTRE. I. Apparel production and exports

Size: px
Start display at page:

Download "INDUSTRY SERIES. Apparel Production and Cluster Development in China IN THIS ISSUE : LI & FUNG RESEARCH CENTRE. I. Apparel production and exports"

Transcription

1 LI & FUNG RESEARCH CENTRE INDUSTRY SERIES December 2007 Issue 10 IN THIS ISSUE : I. Apparel production 1 and exports II. Textile and apparel 7 clusters in China Apparel Production and Cluster Development in China China is the world s largest producer and exporter of textile and apparel. With its abundant supply of low-cost and skilled labour, the country has attracted textile and apparel manufacturers from around the world to set up production bases. The textile and apparel clusters are primarily located in the coastal regions. Since raw materials and other processed apparel products are much cheaper in China and their qualities are increasingly up to the global standards; the textile and apparel clusters in China have become principal sourcing bases for textile and apparel products. However, the current development status of the apparel industry, like many other industries, is characterized by surging operational costs, increasing competition and reducing profit margin. As a result, more apparel manufacturers are moving out from the relatively high-cost coastal areas to the inland regions. Relocation of the apparel industry/clusters is being observed. This issue looks into the production and exports of the apparel industry, including some major industry indicators and the current trends. It also gives a brief overview on the characteristics and latest development of China s textile and apparel clusters. I. Apparel production and exports 1. Apparel output China is the largest textile and apparel producer in the world. In 2006, the production of the apparel industry demonstrated steady growth. According to the National Bureau of Statistics (NBS), the total output of apparel products by textile and apparel enterprises above designated size amounted to 17.0 billion pieces, up by 11.9% year-on-year (yoy). Of which, woven products and knitted products increased by 12.5% and 11.2% to reach 8.1 billion and 8.9 billion pieces, respectively (see Exhibit 1). 13/F, LiFung Centre, 2 On Ping Street, Shatin, Hong Kong. Tel: (852) Fax: (852) Contact person: Ms Francesca Lim and Ms Teresa Lam 1

2 INDUSTRY SERIES December 2007 Issue 10 Exhibit 1 Total output of apparel products by enterprises above designated size, 2006 Quantity (billion pieces) Year-on-year increase (%) Apparel Of which: Woven Products Suits Shirts Children s wear Down products Knitted products Source: National Bureau of Statistics 2. Production bases China s apparel industry has long concentrated in the coastal regions. According to the NBS, in 2006, the provinces with the highest production capacity were Guangdong, Zhejiang, Jiangsu, Shangdong and Fujian. The total output of these five provinces represented 83% of China s total apparel output, up by 3 percentage points yoy (see Exhibit 2). This geographic distribution of the apparel industry has been largely driven by the following factors: (1) The coastal areas are China s traditional locations for its apparel industry as well as for upstream industries such as the textile industry and synthetic fiber industry. In addition, there are more qualified workers in the coastal areas than the rest. (2) Most of China s earliest established Economic Development Zones are located in the coastal areas such as Shenzhen, Zhuhai, Haikou, Ningbo, Shanghai, Dalian, Qingdao and Xiamen. These Economic Development Zones have attracted huge foreign investment for over 20 years. (3) The coastal areas are of high population density; in general, residents in these areas have higher disposable income, are better-educated and more fashion-conscious than in other areas, thereby leading to huge market potential. (4) Logistics infrastructures are generally better developed in the coastal regions, making the areas attractive to foreign investors. 2

3 December 2007 Issue 10 INDUSTRY SERIES Exhibit 2 Proportion of apparel output by province, 2006 Source: National Bureau of Statistics 3. Apparel Exports Textile and apparel have been important Chinese exports since the introduction of economic reforms in the late 1970s. Today, China is the world s largest exporter of textile and apparel products. Its total export of textile and apparel products accounts for around one-fifth of the world total. (1) Export value According to General Administration of Custom s statistics, China s textile and apparel exports grew by 25.1% to reach USD147.1 billion in 2006; of which apparel and apparel products accounted for 64.7% of the total exports of textile and apparel (or USD 95.2 billion, up by 28.8% yoy) and 9.8% of China s total commodities exports. A total of 26.6 billion pieces of garments and clothing were being exported in 2006, up by 21.2%. Exhibit 3 shows the breakdown of the apparel exports by total export value and quantity in The total export values of knitted products and woven products amounted to USD 44.9 billion and USD 43.7 billion, increased by 45.4% and 24.8% respectively. For the first time ever, the export value of knitted products was higher than that of woven apparel. The growth of the former was 20 percentage points higher than that of the latter. Exhibit 3 Breakdown of the apparel exports, 2006 Export value Quantity (billion yuan) Year-on-year (billion pieces) Year-on-year increase increase (%) (%) Apparel Exports Of which: Knitted products Woven products Source: General Administration of Customs 3

4 INDUSTRY SERIES December 2007 Issue 10 (2) Export markets Exhibit 4 shows the ten major apparel exports markets of China in Topping the list was the US, followed by Japan and Hong Kong. One major change that took place was that the US overtook Japan for the first time to become China s number one export market. In fact, the US, Japan and Hong Kong have long been the three major export markets of China. However, the share of the top three export markets has been reducing significantly in the past decade, from 72% in 1997 to 43% in China s efforts to diversify its markets paid off. Romania, for the first time ever, entered the Top-10 list and even surpassed Russia to become China s fourth largest export market. Exhibit 4 Ten major apparel exports markets of China, 2006 Rank Country or region Export value Year-on-year change (USD billion) (%) 1 US Japan Hong Kong Romania Russia Germany Korea UK Canada Italy Source: General Administration of Customs (3) Export prices Statistics from the China National Textile Industry Council (CNTIC) showed that export prices of apparel increased steadily over the past five years (see Exhibit 5). In 2006, the average export price of apparel grew by 10.9% to reach USD Among the various apparel products, cotton-knitted garments recorded the largest export price growth of 20.3%; knitted garments registered a growth of 19.8%; while woven garments witnessed the least growth of 7.5%. 4

5 December 2007 Issue 10 INDUSTRY SERIES Exhibit 5 Average export prices of apparel products, Source: China National Textile Industry Council. 4. Recent developments and trends to note (1) Apparel exports under pressure In recent years, China s textile and apparel exports have been suffering from a multitude of pressures such as RMB appreciation against the US dollar, trade friction, restriction and imperfectness of the export quota mechanism. All these have affected the growth of China s export to the US and EU markets. China launched bilateral negotiations on textile and apparel exports with the US and EU in 2005 to limit the growth of its textile and apparel exports. According to the China-US agreement, the US would establish safeguard quotas on 34 categories (21 groups) of textiles and clothing imports from China from 2006 to The agreement included a clause that allows the US to exercise restraint in the application of any safeguard quotas on products outside the scope of the agreement for the duration of the deal. The China-EU agreement, on the other hand, provided for the establishment of safeguard quotas on 10 categories of textiles and apparel imports from China from 2005 to the end of Starting from January 2008, a joint surveillance system monitoring the trade flow will replace the textile quota and operate for one year. It will monitor the issuing of export licenses in China and the importation of the textile and clothing products into the EU. The joint surveillance system should cover 95% of textile trade, extending to 8 out of 10 categories currently subject to the current quotas. 5

6 INDUSTRY SERIES December 2007 Issue 10 These two agreements have had a considerable impact on textiles and apparel trade patterns in both the US and the EU, diverting production that might have otherwise been performed by China to other Asian countries. According to a report by CNTIC, the growth rate of China s textile and apparel exports to the US and EU dropped 70 and 45 percentage points yoy respectively in the first half of (N.B. The report did not provide details on the dollar value of the exports to the two markets) These quantitative arrangements are expected to continue to have substantial distortional effects on the market for some time. (2) Export rebate adjustment The Chinese government s recent policies on export rebate adjustment have quite a significant impact on the industry. In a new Circular No.97 issued jointly by the Ministry of Finance, National Development and Reform Commission, Ministry of Commerce, General Administration of Customs, and State Administration of Taxation in June 2007, China further lowered the export tax rebate rates on 2,268 products that easily trigger trade friction, including apparel products. The export tax rebate rate of apparel and clothing accessories was reduced from 13% to 11%. Some analysts held that the two percentage points on export of textile products will reduce the profits of the whole industry by as much as 2.1 billion yuan. (3) Apparel manufacturers: a shift from OEM to ODM/OBM As said earlier, China s textile and apparel enterprises are suffering from rising costs of production, intensifying competition, RMB appreciation and so on. Many enterprises are indeed operating on narrow profit margins on OEM (Original Equipment Manufacturing). On the other hand, there are very few strong Chinese brands because most textile and apparel manufacturers are working on OEM basis. Therefore, an increasing number of textile and apparel manufacturers are striving to move to ODM (Original Design Manufacturing) as well as OBM (Original Brand Manufacturing), so as to enhance their competitiveness and seek higher profit margins. Meanwhile, they are starting to speed up technology and product innovation, use environmentally friendly methods to reform the industry, focus more on brand building and product design, as well as explore the international market of high-end products. (4) Industrial relocation As shown previously, the production of apparel products has long been concentrated in the coastal areas of Guangdong, Zhejiang, Jiangsu, Fujian and Shangdong. However, the sharp increase in land and labor cost in these coastal regions in recent years has put coastal apparel factories under pressure to cut down their production or relocate their plants to other areas. 6

7 December 2007 Issue 10 INDUSTRY SERIES At present, most of the relocations take place within a province. For instance, enterprises in southern Guangdong gradually shift their productions to the mountainous areas as well as the eastern and western regions of Guangdong; and enterprises in southern Jiangsu relocate their plants to the northern part of the province. Nonetheless, we also see an increasing number inter-provincial relocation lately. More and more apparel manufacturers (mostly those engaging in export processing trade) start moving out of Guangdong to nearby provinces such as Jiangxi, Anhui and Hunan. A major advantage of industrial relocation is that it helps boost the development of apparel industry in the central and western part of China. II. Textile and apparel clusters in China 1. Characteristics (1) Geographically concentrated along coastal regions The majority of textile and apparel clusters are located in the cities along the coastal provinces of Zhejiang, Guangdong, Jiangsu, Fujian, Shangdong and Hebei. Exhibit 6 shows the major textile and apparel clusters in China. As shown in the diagram, most of the apparel clusters are located in Zhejiang and Guangdong; as for the textile clusters, most of them are concentrated in Zhejiang and Jiangsu. The coastal regions have well-established intra-regional logistic infrastructures and strong linkage with the outside world. These facilitate the movement of apparel products within China as well as to other countries. 7

8 Source: China National Textile & Apparel Council; Exhibit 6 Major textile and apparel clusters in China INDUSTRY SERIES December 2007 Issue 10 8

9 December 2007 Issue 10 INDUSTRY SERIES (2) High degree of specialization Most of these textile and apparel clusters demonstrate high degree of specialization and has emerged as leading centre for certain products. Some prominent examples include the leisurewear cluster in Shaxi town in Zhongshan, Guangdong, the children s wear cluster in Zhili town in Huzhou, Zhejiang, the light textile cluster in Shaoxing, Zhejiang, etc. (3) Commodity markets located in or near the clusters Today, wholesale markets or commodity exchange markets mostly located in major apparel clusters. They act as major distribution channels for mass apparel products produced in the cluster. The majority of the products sold in these markets are low-and-mid-range unbranded garment and clothing. Prices of these products usually range from a few yuan to hundreds of yuan. According to the Statistical Yearbook of China Commodity Exchange Market, in 2005, there were 2,525 textile, apparel, shoes and headgear commodity exchange markets with an annual turnover exceeding 100 million yuan in China. Within these markets, there were over 1.4 million stores selling various types of apparel, shoes and headgear products; the total turnover of these commodity exchange markets amounted to 2,628 billion yuan. Exhibit 7 shows the Top 20 textile, apparel, shoes and headgear commodity markets in China. Exhibit 7 Top 20 textile, apparel, shoes and headgear commodity markets in China, 2005 Rank Textile, apparel, shoes and Province Turnover headgear commodity market (billion yuan) 1 China Eastern Silk Market in Wujiang Jiangsu China Light Textile City in Xiaoxing Zhejiang Wuai Small Commodity Wholesale Market Liaoning Xiliu Apparel Market in Haicheng Town Liaoning Qianqing Light Textile Raw Material Market in China Light Zhejiang Textile City in Xiaoxing 6 Dieshiqiao Embroidery Market Zhejiang Zhongda Fabric Market in Haizhu District, Guangzhou Guangdong Xiqiao Light Textile City Guangdong

10 INDUSTRY SERIES December 2007 Issue 10 Rank Textile, apparel, shoes and Province Turnover headgear commodity market (billion yuan) 9 Changshu Commercial Town Jiangsu Hongcheng Market in Nanchang City Jiangxi Zhili Children s Wear Market Zhejiang Chaotianmen Apparel Wholesale market Chongqing Zhejiang Textile Expo Zhejiang Datang Light Textile and Socks City Co. Ltd. Zhejiang Liqiao Daily Commodity Exchange Market Zhejiang Textile Commodity Exchange Market in Changshu Jiangsu 8.92 Commercial Town 17 Chuangang Bed Lining Products Market Jiangsu Luyuan Cotton Wear Market Tongxiang City Zhejiang Xuanmu Market in Xuzhou Jiangsu China Shoe City in Shenyang Liaoning 8.00 Source: Statistical Yearbook of China Commodity Exchange Market, Latest development of textile and apparel clusters in China (1) Cross regional cooperation With growing sophistication of information system and supply chain management, cross regional cooperation among enterprises in different textile and apparel clusters is being observed. This takes place mostly in the lessestablished clusters. Many experts believe that specialization of the enterprises in the clusters gives rise to cross regional cooperation. Indeed, specialization and cooperation coexist and help spur the growth of the clusters. 10

11 December 2007 Issue 10 INDUSTRY SERIES (2) Relocation of textile and apparel clusters As mentioned earlier, industrial relocation is gradually taking place in China. The continual surging land and labour costs, rising costs of raw materials and energy in the coastal regions have prompted many enterprises to relocate to the relatively less expensive inland areas. Some enterprises even move their production to other lower cost countries in Asia. Thus, it is expected to see the formation of some new textile and apparel clusters (with the presence of many Chinese enterprises) in other Asian countries. This may pose some new challenges for the existing apparel enterprises/clusters in China. 11

12 INDUSTRY SERIES December 2007 Issue 10 Copyright All rights reserved. Though endeavours to ensure the information discussed in this material is accurate and updated, no legal liability can be attached as to the contents hereof. Reproduction or redistribution of this material without s prior written consent is prohibited. 12

INDUSTRY OVERVIEW. No. of establishments 117 (manufacturing) March ,257 (import and export) December 2000

INDUSTRY OVERVIEW. No. of establishments 117 (manufacturing) March ,257 (import and export) December 2000 The information provided in this section is derived from various public and private publications. This information has not been prepared or independently verified by the Company, the Vendors, the Directors,

More information

Wig Produced by IAR Team Focus Technology Co., Ltd.

Wig Produced by IAR Team Focus Technology Co., Ltd. Wig 2013.11 Produced by IAR Team Focus Technology Co., Ltd. Contents 1. Industry Overview...3 2. Global Wig Export Analysis...4 2.1. Global Wig Export Analysis from 2010 to 2012... 4 2.2. Global Complete

More information

Statistical Analysis Of Chinese Urban Residents Clothing Consumption

Statistical Analysis Of Chinese Urban Residents Clothing Consumption Volume 4, Issue 2, Fall2004 Statistical Analysis Of Chinese Urban Residents Clothing Consumption Jun Li, Xuchu Jin, and Yan Liu Fashion Institute, Dong Hua University, Shanghai, P. R. China ABSTRACT Clothing

More information

THE DEVELOPMENT OF THE CHINA APPAREL INDUSTRY

THE DEVELOPMENT OF THE CHINA APPAREL INDUSTRY THE DEVELOPMENT OF THE CHINA APPAREL INDUSTRY A Report Presented Jointly by China Textile University & Harvard Center of Textile and Apparel Research November 1999 1 Table of Contents FORWARD... 3 PREFACE...

More information

Hair Care Product Produced by IAR Team Focus Technology Co., Ltd

Hair Care Product Produced by IAR Team Focus Technology Co., Ltd Hair Care Product 2012.10 Produced by IAR Team Focus Technology Co., Ltd Contents 1. Major Importers for Chinese Hair care Products Export from January to August in 2012... 3 2. Major Cities/Provinces

More information

Agenda is subject to change. ECV International reserves the right to alter this agenda.

Agenda is subject to change. ECV International reserves the right to alter this agenda. Summit Highlights: Deep Interpretation of the Latest Government Policies and Masterplan of Textile and Apparel Industry in Myanmar An Overlook and Prospect of Today s Myanmar Textile and Apparel Industry

More information

China Home Textile Industry Overview,

China Home Textile Industry Overview, China Home Textile Industry Overview, 2011-2020 China Home Textile Industry Overview, 2011-2020 BioPortfolio has been marketing business and market research reports from selected publishers for over fifteen

More information

Overview of Taiwan Textile Industry 2013

Overview of Taiwan Textile Industry 2013 Overview of Taiwan Textile Industry 2013 2014.04 A. Status of Taiwan Textile Industry At the beginning stage, Taiwan textile industry imported raw materials for processing and exported most of the finished

More information

THE CHANGING WORLD TEXTILE MARKET

THE CHANGING WORLD TEXTILE MARKET THE CHANGING WORLD TEXTILE MARKET Leo Yung Central Textiles (HK) Limited, Hong Kong Ladies and Gentlemen, it is a great honour for me to be invited to speak at this conference. Before I begin, I would

More information

POST- SHOW REPORT SHOW FACTS STATISTICS & RESULTS. Dates: February, 2018 Venue:

POST- SHOW REPORT SHOW FACTS STATISTICS & RESULTS. Dates: February, 2018 Venue: SHOW FACTS POST- SHOW REPORT Dates: 22-24 February, 2018 Venue: Messe Berlin Exhibition Grounds, Berlin, Germany (Halls 1.1 & 2.1) Admission: Trade Professionals Only Organiser: Comasia Limited Exhibit

More information

2013Q2 Artificial Flowers & Wigs Produced by IAR Team Focus Technology Co., Ltd.

2013Q2 Artificial Flowers & Wigs Produced by IAR Team Focus Technology Co., Ltd. 2013Q2 Artificial Flowers & Wigs 2013.10 Produced by IAR Team Focus Technology Co., Ltd. Contents 1. Major Cities/Provinces for Chinese Artificial Flowers & Wigs Export from Jan. to June in 2013...3 2.

More information

ANALYSIS OF CHINESE GARMENT EXPORT SECTOR. Mina Zhang Bachelor of Education, Zhejiang University, 2001

ANALYSIS OF CHINESE GARMENT EXPORT SECTOR. Mina Zhang Bachelor of Education, Zhejiang University, 2001 ANALYSIS OF CHINESE GARMENT EXPORT SECTOR By Mina Zhang Bachelor of Education, Zhejiang University, 2001 PROJECT SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER OF BUSINESS

More information

China Cosmetics Market Report, Feb. 2012

China Cosmetics Market Report, Feb. 2012 China Cosmetics Market Report, 2010-2011 Feb. 2012 STUDY GOAL AND OBJECTIVES This report provides the industry executives with strategically significant competitor information, analysis, insight and projection

More information

6. Leather Footwear. Fig. 1 Japan s leather footwear imports

6. Leather Footwear. Fig. 1 Japan s leather footwear imports II 6. Leather Footwear Leather Footwear 1. Definition of Category This category covers leather footwear including boots, but excluding athletic shoes and slippers. All leather footwear is subject to tariff

More information

LI & FUNG RESEARCH CENTRE

LI & FUNG RESEARCH CENTRE Industrial cluster series May 2006 Issue 5 IN THIS ISSUE : I. Introduction 1 II. Highlights of the 2 textile and apparel industry III. Textile and 4 apparel clusters IV. Textiles and 15 apparel sourcing

More information

Yiwu city dominates global seamless innerwear industry

Yiwu city dominates global seamless innerwear industry Textile and Apparel Weekly August 29, 2008 EXTRACT Content: Yiwu city dominates global seamless innerwear industry China will Promulgate Relevant Policies to Support independent innovation of enterprises

More information

China Home Textile Industry Report, Apr. 2013

China Home Textile Industry Report, Apr. 2013 China Home Textile Industry Report, 2012-2015 Apr. 2013 STUDY GOAL AND OBJECTIVES This report provides the industry executives with strategically significant competitor information, analysis, insight and

More information

China Textile and Apparel Production and Sales Statistics, Jul. 2014

China Textile and Apparel Production and Sales Statistics, Jul. 2014 China Textile and Apparel Production and Sales Statistics, 2013-2014 Jul. 2014 STUDY GOAL AND OBJECTIVES This report provides the industry executives with strategically significant competitor information,

More information

The 14th Shanghai International Hosiery Purchasing Expo

The 14th Shanghai International Hosiery Purchasing Expo The 14th Shanghai International Hosiery Purchasing Expo 2019.3.20-22 Shanghai World Expo Exhibition & Convention Center www.chpe.com.cn Export Orientation High-end Domestic Trade Gather Original Design

More information

2017 Chinese Home Textile Industry Development. and the Trend Analysis

2017 Chinese Home Textile Industry Development. and the Trend Analysis Sources: http://www.chinaidr.com/tradenews/2017-12/116930.html 2017 Chinese Home Textile Industry Development and the Trend Analysis 1. The home textile industry is picking up at an accelerating pace Affected

More information

Please contact Mr. Jason Chow ( Tel: , Fax: for details of upcoming expos.

Please contact Mr. Jason Chow (  Tel: , Fax: for details of upcoming expos. Vietnam Saigon Textile & Garment Industry Expo 2017 Vietnam Saigon Garment & Accessories Expo 2017 5-8 April, 2017 Show Facts Date: 5-8 April, 2017 SaigonTex 2017 S H O W R E P O R T (First Draft on 19

More information

Global Handbags Market Report

Global Handbags Market Report Global Handbags Market Report ---------------------------------------------------- 2013 Executive Summary Premium handbags and accessories is one of the fastest growing segments in the overall luxury market.

More information

Summit Highlights. Organizer: Support Organization:

Summit Highlights. Organizer: Support Organization: Summit Highlights The Overall Situation of Vietnam Textile and Apparel Industry TPP and Other Trade Agreements Influence on Vietnam Textile & Apparel Industry The Strategy to Enhance Its Vertical Operation

More information

REPUBLIC OF RWANDA MINISTRY OF TRADE, INDUSTRY AND EAC AFFAIRS

REPUBLIC OF RWANDA MINISTRY OF TRADE, INDUSTRY AND EAC AFFAIRS REPUBLIC OF RWANDA MINISTRY OF TRADE, INDUSTRY AND EAC AFFAIRS RESPONSE TO THE REQUEST FOR COMMENTS AND NOTICE OF PUBLIC HEARING CONCERNING AN OUT- OF- CYCLE REVIEW OF RWANDA S ELIGIBILITY FOR BENEFITS

More information

Liberalization of Textiles and Clothing Trade and Evolving Global and Indian Trade Scenario

Liberalization of Textiles and Clothing Trade and Evolving Global and Indian Trade Scenario Liberalization of Textiles and Clothing Trade and Evolving Global and Indian Trade Scenario Aditi Agrawal *, Archana Gandhi Department of Fashion Technology, National Institute of Fashion Technology, New

More information

Risks to the Mexican Textile Industry from trade liberalization effects of the end of. the Multi-Fiber Agreement. By Lenami Godinez. For: Dr.

Risks to the Mexican Textile Industry from trade liberalization effects of the end of. the Multi-Fiber Agreement. By Lenami Godinez. For: Dr. Risks to the Mexican Textile Industry from trade liberalization effects of the end of the Multi-Fiber Agreement By Lenami Godinez For: Dr. Hira LAS450 April 8, 2005 Table of contents 1. Introduction 2.

More information

Countries» Sourcing From Guides» About» Contact us

Countries» Sourcing From Guides» About» Contact us Type your keywords... Search Countries» Sourcing From Guides» About» Contact us Vietnam Sourcing: Garments Industry overview Vietnam Vietnam Sourcing: Garments Vietnam Sourcing: Footwear This section discusses

More information

ISTANBUL APPAREL EXPORTERS ASSOCIATION

ISTANBUL APPAREL EXPORTERS ASSOCIATION What s IHKIB ISTANBUL APPAREL EXPORTERS ASSOCIATION Istanbul Apparel Exporters Association (İHKİB) is one of the most important industrial organizations of Turkish Apparel Industry, which is among the

More information

Extreme fashion and consumer behaviour

Extreme fashion and consumer behaviour Extreme fashion and consumer behaviour Extreme fashion and consumer behaviour Competitive analysis of clusters of textile and apparel Industry in Zhejiang Province 121 Tongyu Gu Abstract China is the leading

More information

BASF investigates establishment of second Verbund site in China

BASF investigates establishment of second Verbund site in China BASF investigates establishment of second Verbund site in China Dr. Martin Brudermüller, Chairman of the Board of Executive Directors and Chief Technology Officer July 10, 2018 1 July 2018 Memorandum of

More information

Overview of the Global Textile Industry

Overview of the Global Textile Industry Overview of the Global Textile Industry Bangladesh Cotton & Textile Convention 2007 Dhaka, Bangladesh Topics To Be Considered Global Trends The Trade/Sourcing Outlook Impact of China Market Requirements

More information

Vietnam Garment & Textile sector Update: Unprecedented developments but the industry is still tied up in a knot

Vietnam Garment & Textile sector Update: Unprecedented developments but the industry is still tied up in a knot August 14, 2013 Vietnam Garment & Textile sector Update: Unprecedented developments but the industry is still tied up in a knot Executive Summary Following our first report on the textile and garment sector

More information

About the Report. Booming Women Apparel Market in India

About the Report. Booming Women Apparel Market in India About the Report "Booming Women Apparel Market in India" is the new report by that give a rational analysis on the Indian women apparel industry. This report has been made to help the client in analyzing

More information

Session 10. Sourcing and Supplier Management Practices

Session 10. Sourcing and Supplier Management Practices Session 10 Sourcing and Supplier Management Practices 1 Outline Introduction: HK Apparel Industry Environment of HK s Apparel Industry Merchandising Management Sourcing Fashion Merchandising organisations

More information

TURKISH LEATHER AND LEATHER GOODS INDUSTRY

TURKISH LEATHER AND LEATHER GOODS INDUSTRY TURKISH LEATHER AND LEATHER GOODS INDUSTRY The roots of the Turkish leather industry go back to the 12th century, according to the sources. However, the importance of leather industry had been realized

More information

Investment Opportunities in the Design Industry in Taiwan

Investment Opportunities in the Design Industry in Taiwan Investment Opportunities in the Design Industry in Taiwan I. Industry Definition and Scope The Cultural and Creative Industry Policy in Taiwan has delineated the domestic design service industry into three

More information

Introduction. Textile Industry Categories. ITIS Program, TTRI. Kai-Fang Cheng; Ying-Kuang Hu; Hsin-Hung Lee; Chi-Chang Wu

Introduction. Textile Industry Categories. ITIS Program, TTRI. Kai-Fang Cheng; Ying-Kuang Hu; Hsin-Hung Lee; Chi-Chang Wu Industry Insights Textile Industry Chapter 13 Textile Industry Introduction Textile Industry Categories ITIS Program, TTRI Kai-Fang Cheng; Ying-Kuang Hu; Hsin-Hung Lee; Chi-Chang Wu Taiwan's textile industry

More information

Post Quota Era and Textiles Industry Outlook

Post Quota Era and Textiles Industry Outlook Post Quota Era and Textiles Industry Outlook Dr Gordon YEN Executive Director Fountain Set (Holdings) Limited 15 February 2006 1 Presentation Overview Major Export Markets Overview US EU Recent Trends

More information

2014Q1 Beauty & Personal Care Products

2014Q1 Beauty & Personal Care Products 2014Q1 Beauty & Personal Care Products 2014.12. Catalog 1. 2014Q1 Chinese Beauty & Personal Care Products Industry Export Situation and Analysis... 4 1.1. 2014 Jan. to Mar. Chinese Beauty or Make-up Preparations

More information

Background on China Textile Safeguards National Cotton Council December 2005

Background on China Textile Safeguards National Cotton Council December 2005 Background on China Textile Safeguards National Cotton Council December 2005 General Background The safeguard provisions and mechanics are part of an agreement signed by China, the United States, and all

More information

Managing Director Rolf Eriksen s address at H&M s AGM 2007

Managing Director Rolf Eriksen s address at H&M s AGM 2007 x 2 May, 2007 Managing Director Rolf Eriksen s address at H&M s AGM 2007 Dear shareholders, It is with great pleasure I am standing here in front of you today. 2006 was the best year ever in H&M s history.

More information

What drives footwear exports of Vietnam and Cambodia

What drives footwear exports of Vietnam and Cambodia FE-PRI EAU Posted : 30 Apr, 2017 00:00:00 What drives footwear exports of Vietnam and Cambodia Mehrin Karim This article is a follow up to the one by Saeba Ruslana of Policy Research Institute (PRI) entitled

More information

China is simply having their comeback.

China is simply having their comeback. Whoever thinks China is an emerging economy in the world is wrong: China is simply having their comeback. MADE IN CHINA Advice Report Shanti Rossa 25 May 2011 Whoever thinks China is an emerging economy

More information

Can't see images? Click here...

Can't see images? Click here... Can't see images? Click here... THE COTTON TEXTILES EXPORT PROMOTION COUNCIL (Sponsored By Government of INDIA) Engineering Centre, 5th Floor, 9, Mathew Road, Mumbai - 400 004. Maharashtra State, INDIA.

More information

EXPORT TO JAPANESE MARKET Fabrics/Garment/Interior Items. The Japan Textiles Importers Association Y. KAMIYAMA Senior Researcher

EXPORT TO JAPANESE MARKET Fabrics/Garment/Interior Items. The Japan Textiles Importers Association Y. KAMIYAMA Senior Researcher EXPORT TO JAPANESE MARKET Fabrics/Garment/Interior Items The Japan Textiles Importers Association Y. KAMIYAMA Senior Researcher 1 1. First, check the latest statistics of Japan s textiles import (2013)

More information

The Lesotho Textile and Garment Industry Opportunities

The Lesotho Textile and Garment Industry Opportunities The Lesotho Textile and Garment Industry Opportunities Contents 1 Overview of Lesotho 2 Profile of the Textile and Garment Industry 3 Investment Opportunities 4 Incentives and Investment Services LESOTHO

More information

China Luxuries Industry Report,

China Luxuries Industry Report, China Luxuries Industry Report, 2010-2012 In 2009, Chinese market size of luxuries reached US$9.4 billion with the global market share approximating 27.5%. Among the varieties of luxuries, Chinese consumers

More information

Turkish Textiles and Apparel Industry

Turkish Textiles and Apparel Industry Turkish Textiles and Apparel Industry 29.11.2018 The Textile & Apparel Industries In View of the Turkish Economy The textiles & apparel industries are the leading industries in manufacturing and employment

More information

Latvian Textile and Clothing Industry. January 2006 Jadviga Neimane, Project Manager

Latvian Textile and Clothing Industry. January 2006 Jadviga Neimane, Project Manager Latvian Textile and Clothing Industry January 2006 Jadviga Neimane, Project Manager Output Value and Employment Output Value of textiles and clothing ( 000 LVL)* Number of employees in the textiles and

More information

INDUSTRY OVERVIEW SOURCES OF INFORMATION

INDUSTRY OVERVIEW SOURCES OF INFORMATION Certain information and statistics that appears in this Industry Overview and elsewhere in this document relating to the global apparel manufacturing industry is derived from the industry report prepared

More information

INDIAN APPAREL MARKET OUTLOOK

INDIAN APPAREL MARKET OUTLOOK INDIAN APPAREL MARKET OUTLOOK Market Size by Apparel Type, Gender and Region Trends and Forecast Till 2021 www.fibre2fashion.com 1 ABOUT US Fibre2fashion.com was established in 2000 and is owned and promoted

More information

Readymade Garment & Textile Industry in Bangladesh

Readymade Garment & Textile Industry in Bangladesh GLOBAL TRENDS IN THE GARMENT SECTOR AND OPPORTUNITIES FOR BANGLADESH: Readymade Garment & Textile Industry in Bangladesh THE DUET OF SUSTAINABILITY & COMPETITIVENESS Faruque Hassan, Senior Vice President,

More information

Pakistan Leather Garments Sector ( )

Pakistan Leather Garments Sector ( ) 2018 Trade Analysis Series Pakistan Leather Garments Sector (2017-18) Trade Analysis Series Turn Potential into Profit! Ministry of Industries and Production Government of Pakistan www.smeda.org.pk UAN:

More information

Mehdi Mahbub CEO & Chief Consultant, Best Sourcing Founder, RMG Bangladesh GLOBAL TRENDS IN THE GARMENT SECTOR AND OPPORTUNITIES FOR BANGLADESH

Mehdi Mahbub CEO & Chief Consultant, Best Sourcing Founder, RMG Bangladesh GLOBAL TRENDS IN THE GARMENT SECTOR AND OPPORTUNITIES FOR BANGLADESH GLOBAL TRENDS IN THE GARMENT SECTOR AND OPPORTUNITIES FOR BANGLADESH TECHNOLOGICAL CHANGES AND INNOVATIONS IN THE WORLD BANGLADESH READYMADE GARMENT INDUSTRY, the 2 nd largest apparel exporter of the world:

More information

Current cotton fiber market in Russia

Current cotton fiber market in Russia Current cotton fiber market in Russia By Mr. Sechko M.S., President of «Russian Cotton Association» NP One of the priorities of economic growth and national safety of the country in developing market model

More information

INDUSTRY OVERVIEW SOURCES OF INFORMATION

INDUSTRY OVERVIEW SOURCES OF INFORMATION This section contains certain information which is derived from official government publications and industry sources, as well as a report we commissioned from Frost & Sullivan (the Frost & Sullivan Report

More information

This is a licensed product of Ken Research and should not be copied

This is a licensed product of Ken Research and should not be copied 1 TABLE OF CONTENTS 1. UAE Textile Industry Introduction 2. UAE Textile Industry Market Size, 2007-2011 2.1. By Output, 2007-2011 2.2. By Revenue, 2006-2011 3. UAE Textile Industry Segmentation 3.1. By

More information

China Market Access. National Standards for Textile and Apparel. ul.com/crs

China Market Access. National Standards for Textile and Apparel. ul.com/crs China Market Access National Standards for Textile and Apparel ul.com/crs With the acceleration of global economic integration and fast economic growth, China has quickly become a market amid global attention

More information

INTERIM RESULTS Shandong Ruyi as controlling shareholder of Trinity Group. Ruyi Group

INTERIM RESULTS Shandong Ruyi as controlling shareholder of Trinity Group. Ruyi Group 23 August 2 Shandong Ruyi as controlling shareholder of Trinity Group Ruyi Group Overview of Ruyi Group 4 Company Overview Founded in 1972, employees over 50,000 globally Ranks 1 st among 500 textile and

More information

Thailand s Jewelry Industry Overview 2016

Thailand s Jewelry Industry Overview 2016 Thailand s Jewelry Industry Overview 2016 Jewelry is one of Thailand s major export products in gem and jewelry category and holds the second place after unwrought or semi-manufactured gold in terms of

More information

VIETNAM TEXTILE AND APPAREL INDUSTRY REPORT Q2/2018

VIETNAM TEXTILE AND APPAREL INDUSTRY REPORT Q2/2018 VIETNAM TEXTILE AND APPAREL INDUSTRY REPORT Q2/2018 1 TABLE OF CONTENTS Contents Page Contents Page ABBREVIATIONS 4 2. Vietnam textile and apparel market 41 SUMMARY 5 2.1. Vietnam textile and apparel market's

More information

SALES (EURO 7.94 BLN) AND TRADE SURPLUS (EURO 2.3 BLN) FOR

SALES (EURO 7.94 BLN) AND TRADE SURPLUS (EURO 2.3 BLN) FOR SALES (EURO 7.94 BLN) AND TRADE SURPLUS (EURO 2.3 BLN) FOR ITALIAN TEXTILES ARE UP 1.3 AND 0.4, RESPECTIVELY. FOR THE SECOND CONSECUTIVE YEAR EMPLOYMENT HOLDS STEADY. CHINA WITH HONG KONG - REPEATS AS

More information

THE INDONESIAN TEXTILE AND CLOTHING OUTLOOK

THE INDONESIAN TEXTILE AND CLOTHING OUTLOOK INDONESIAN TEXTILE ASSOCIATION ASOSIASI PERTEKSTILAN INDONESIA THE INDONESIAN TEXTILE AND CLOTHING OUTLOOK Prospect & Challenge on Global Competition Era Indonesian Textile Association Adhigraha Bldg.

More information

ALASKA GROSS STATE PRODUCT

ALASKA GROSS STATE PRODUCT ALASKA GROSS STATE PRODUCT 1961-1998 by Scott Goldsmith Professor of Economics prepared for Alaska Department of Commerce and Economic Development June 1999 Institute of Social and Economic Research University

More information

TURKISH CLOTHING MANUFACTURERS RELY ON DESIGN AND OWN BRANDS

TURKISH CLOTHING MANUFACTURERS RELY ON DESIGN AND OWN BRANDS TEXTINATION NEWSLINE 12-05-2017 TURKISH CLOTHING MANUFACTURERS RELY ON DESIGN AND OWN BRANDS Companies want stay away from cheap contract manufacturing Istanbul (GTAI) - The highly export-oriented Turkish

More information

TURKISH COSMETICS MARKET

TURKISH COSMETICS MARKET TURKISH COSMETICS MARKET Global cosmetics market size is estimated to be 300 Billion Euros whereas Turkey cosmetics market size is around 5.5 Billion Euros. Researches state that even during the periods

More information

Global Handbags Market

Global Handbags Market Global Handbags Market ----------------------------------------------------- 2014 Executive Summary Handbags and accessories are among the fastest growing segments in the overall luxury goods industry.

More information

2008 in figures Year in brief

2008 in figures Year in brief Dear shareholders, The year 2008 has been an exciting, eventful but also challenging year. The global economic situation changed drastically, which also affected H&M. Despite this, our strong expansion

More information

Ukrainian Textile & Leather industry ,1 thsd ,0 thsd ,9 thsd.. Textile industry. Leather&Footwear. Apparel

Ukrainian Textile & Leather industry ,1 thsd ,0 thsd ,9 thsd.. Textile industry. Leather&Footwear. Apparel Ukrainian Textile & Leather industry Textile industry 475 16,9 thsd.. Apparel 1547 47,1 thsd. Leather&Footwear 319 21,0 thsd. Textile & Leather Industry 2017 +13,8% +7,3% +13,3% Production Export Capital

More information

HERMĒS EXCEPTIONAL SALES GROWTH IN 2010 (+25.4%)

HERMĒS EXCEPTIONAL SALES GROWTH IN 2010 (+25.4%) HERMĒS EXCEPTIONAL SALES GROWTH IN 2010 (+25.4%) In 2010, the Hermès Group's sales came to 2,400.8m, a rise of 25.4% on the previous year., they advanced by 18.9%. The Group exceeded its sales growth target

More information

Insights from Alibaba s Gateway 17 Summit: Consumer and Industry Trends in China Fashion and Apparel Panel

Insights from Alibaba s Gateway 17 Summit: Consumer and Industry Trends in China Fashion and Apparel Panel Insights from Alibaba s Gateway 17 Summit: Consumer and Industry Trends in China Fashion and Apparel Panel The Fung Global Retail & Technology team attended Alibaba s Gateway 17 event in Detroit, Michigan,

More information

THE NATIONAL COUNCIL OF TEXTILE ORGANIZATIONS REPRESENTING THE ENTIRE SPECTRUM OF THE U.S. DOMESTIC TEXTILE INDUSTRY

THE NATIONAL COUNCIL OF TEXTILE ORGANIZATIONS REPRESENTING THE ENTIRE SPECTRUM OF THE U.S. DOMESTIC TEXTILE INDUSTRY THE NATIONAL COUNCIL OF TEXTILE ORGANIZATIONS REPRESENTING THE ENTIRE SPECTRUM OF THE U.S. DOMESTIC TEXTILE INDUSTRY Mike Hubbard American Sheep Industry Association January 24, 2014 THE NATIONAL COUNCIL

More information

Sector: Textile and Clothing. Keywords: Bulgaria, Sofia, Furniture, Clothing and Design sector, Clothing and Textile sector.

Sector: Textile and Clothing. Keywords: Bulgaria, Sofia, Furniture, Clothing and Design sector, Clothing and Textile sector. MINISTRY OF FOREIGN AFFAIRS OF DENMARK THE TRADE COUNCIL TEXTILE AND CLOTHING SECTOR BULGARIA Sector: Textile and Clothing Prepared by the Danish embassy in Sofia May 2012 Keywords: Bulgaria, Sofia, Furniture,

More information

Ports Design Limited Bank of America Merrill Lynch China Investment Summit November 4-5, 2009

Ports Design Limited Bank of America Merrill Lynch China Investment Summit November 4-5, 2009 Ports Design Limited Bank of America Merrill Lynch China Investment Summit November 4-5, 2009 Ports Design Today Leading luxury brand manager in PRC. Brands include PORTS, BMW Lifestyle, Armani, Vivienne

More information

Cost of Production. {Earth Systems & Resources

Cost of Production. {Earth Systems & Resources Cost of Production {Earth Systems & Resources Objectives Students will: Explain various factors that might contribute to a company s sourcing decisions Describe real-life working conditions Weigh the pros

More information

Footwear market in the Visegrad Group countries and the Republic of Croatia

Footwear market in the Visegrad Group countries and the Republic of Croatia S u g g e s t e d c i t a t i o n : Knego, N., & Delić, M. (2017). Footwear market in the Visegrad Group countries and the Republic of Croatia. In Wach, K., Knežević, B., & Šimurina, N. (Eds.), Challenges

More information

BRIEF UPDATE ON COSMETICS MARKET IN VIETNAM (as of November 2018)

BRIEF UPDATE ON COSMETICS MARKET IN VIETNAM (as of November 2018) BRIEF UPDATE ON COSMETICS MARKET IN VIETNAM (as of November 2018) ANALYSIS OF IMPORT VALUE According to the data from UN-Comtrade, the latest figures for cosmetics products under HS codes 3303 (perfumes),

More information

CBI Trade Statistics: Jewellery

CBI Trade Statistics: Jewellery CBI Trade Statistics: Jewellery Introduction Despite the economic crisis, the European jewellery market has consistently shown great opportunities for importers from Developing Countries. While countries

More information

Trade Wars and China Tariffs the Latest on the Threats to Brands and Retailers + Strategies for the Future

Trade Wars and China Tariffs the Latest on the Threats to Brands and Retailers + Strategies for the Future Trade Wars and China Tariffs the Latest on the Threats to Brands and Retailers + Strategies for the Future Julia K. Hughes, President United States Fashion Industry Association (USFIA) February 5, 2019

More information

Going Global. Export Guide for Textiles and Apparel. U.S. Department of Commerce International Trade Administration

Going Global. Export Guide for Textiles and Apparel. U.S. Department of Commerce International Trade Administration U.S. Department of Commerce International Trade Administration Going Global Export Guide for Textiles and Apparel Office of Textiles and Apparel OTEXA Office of Textiles and Apparel The Office of Textiles

More information

China-US Trade Disputes (XIII)

China-US Trade Disputes (XIII) China-US Trade Disputes (XIII) Fung Business Intelligence 18 September 2018 US finalizes tariffs on US$200 billion of Chinese imports The US government announced on Monday (17 September) that it will levy

More information

Kadgee Clothing. Scenario and requirement

Kadgee Clothing. Scenario and requirement Kadgee Clothing Scenario and requirement Overview of clothing manufacturing in Europe Since the 1960 s there has been a decline in the number of UK and European clothing manufacturers due to competition

More information

Growth and Changing Directions of Indian Textile Exports in the aftermath of the WTO

Growth and Changing Directions of Indian Textile Exports in the aftermath of the WTO Growth and Changing Directions of Indian Textile Exports in the aftermath of the WTO Abstract A.M.Sheela Associate Professor D.Raja Jebasingh Asst. Professor PG & Research Department of Commerce, St.Josephs'

More information

Textile Per Capita Consumption

Textile Per Capita Consumption February 2018 Textile Per Capita Consumption 2005-2022 Part 3: High-Income Countries - - CHF800.- Table of Contents Preface... 4 Sources... 5 Definitions... 6... 7 Executive Summary... 11 Regional and

More information

Sample provided by. Research enquiries: Liz Hague, Sales Manager. tel: +44 (0)

Sample provided by. Research enquiries: Liz Hague, Sales Manager.   tel: +44 (0) Sample provided by Research enquiries: Liz Hague, Sales Manager email: liz.hague@just-style.com tel: +44 (0)1527 573 604 US toll-free: 1-866-545-5878 fax: +44 (0)1527 577423 About the Report RNCOS "China

More information

Results for 1Q-3Q of Fiscal 2012: Supplementary Materials. Naoki Kume DIRECTOR OF FINANCE/MANAGEMENT PLANNING DIV. POLA ORBIS HOLDINGS INC.

Results for 1Q-3Q of Fiscal 2012: Supplementary Materials. Naoki Kume DIRECTOR OF FINANCE/MANAGEMENT PLANNING DIV. POLA ORBIS HOLDINGS INC. Results for 1Q-3Q of Fiscal 2012: Supplementary Materials Naoki Kume DIRECTOR OF FINANCE/MANAGEMENT PLANNING DIV. POLA ORBIS HOLDINGS INC. This report contains projections of performance and other projections

More information

CLE Participation in Fashion Access Hong Kong, 14th to 16th March 2018

CLE Participation in Fashion Access Hong Kong, 14th to 16th March 2018 CLE Participation in Fashion Access Hong Kong, 14th to 16th March 2018 International A Report by Dr. Debasis De, RD-ER, CLE and Mr T. Thanjappan, EPO, CLE Fashion Access Hong Kong 2018 is held alongside

More information

China s apparel market, 2006

China s apparel market, 2006 LI & FUNG RESEARCH CENTRE CHINA NATIONAL COMMERCIAL INFORMATION CENTRE INDUSTRY SERIES September 2006 Issue 6 IN THIS ISSUE : China s apparel market, 2006 I. Apparel market definition 1 II. Recent developments

More information

COMPANY PROFILE. For Wholesale & Distribution: Reflex Holding FZCO P.O. Box Dubai, (U.A.E.)

COMPANY PROFILE. For Wholesale & Distribution: Reflex Holding FZCO P.O. Box Dubai, (U.A.E.) COMPANY PROFILE For Import & Sourcing: Rich City Trading Limited (HK) Guangzhou Reflex Consulting Co. Suite 408 A, 899 Jiefang Bei Lu, Yuexiu dist. Guangzhou, Guangdong, China 510000 Phone +86 20 83174272

More information

S R I L A N K A APPAREL

S R I L A N K A APPAREL SRI LANKA APPAREL Sri Lanka s Apparel Export Industry is the most significant and dynamic contributor towards the country s economy. The industry has demonstrated a tremendous growth over the past four

More information

Promoting the Participation of Small and Medium Enterprises in the Global Textile and Apparel Value Chains. Committee on Trade and Investment

Promoting the Participation of Small and Medium Enterprises in the Global Textile and Apparel Value Chains. Committee on Trade and Investment Promoting the Participation of Small and Medium Enterprises in the Global Textile and Apparel Value Chains Committee on Trade and Investment June 2016 This publication has been prepared with financial

More information

Global and China Luxury Apparel Industry Report, Oct. 2015

Global and China Luxury Apparel Industry Report, Oct. 2015 Global and China Luxury Apparel Industry Report, 2015-2018 Oct. 2015 STUDY GOAL AND OBJECTIVES This report provides the industry executives with strategically significant competitor information, analysis,

More information

Study on T/C Economics, Markets and Competition in the EU-MED area (Economic Intelligence)

Study on T/C Economics, Markets and Competition in the EU-MED area (Economic Intelligence) Study on T/C Economics, Markets and Competition in the EU-MED area (Economic Intelligence) Date: 16th June 2014 Author: EURATEX - Roberta ADINOLFI - Economic & Statistics Manager Phone: +32.2.285.48.87

More information

TEXTILES, APPARELS & LEATHER

TEXTILES, APPARELS & LEATHER TEXTILES, APPARELS & LEATHER SECTOR WISE SNAPSHOT Leather Ÿ The state took its initial steps when Sir M. Visvesvaraya established a Tannery Production Centre to fulfil the requirements of leather processing.

More information

2. The US Apparel and Footwear Market Size by Personal Consumption Expenditure,

2. The US Apparel and Footwear Market Size by Personal Consumption Expenditure, 1 TABLE OF CONTENTS 1. The US Apparel and Footwear Market Introduction 2. The US Apparel and Footwear Market Size by Personal Consumption Expenditure, 2005-2010 3. The US Apparel and Footwear Per Capita

More information

SUGI INTERNATIONAL. Headquartered in Hong Kong, Sugi International Ltd is a leading player in the footwear industry. CONTENTS

SUGI INTERNATIONAL. Headquartered in Hong Kong, Sugi International Ltd is a leading player in the footwear industry. CONTENTS COMPANY PROFILE COMPANY PROFILE SUGI INTERNATIONAL Headquartered in Hong Kong, Sugi International Ltd is a leading player in the footwear industry. The Italian brothers Matteo and Massimo Sinigaglia founded

More information

An Introduction on the Economic Cooperation Framework Agreement between Taiwan & China

An Introduction on the Economic Cooperation Framework Agreement between Taiwan & China An Introduction on the Economic Cooperation Framework Agreement between Taiwan & China Justin Huang Secretary General Taiwan Textile Federation October 14 th, 2010 1 What is the ECFA? What Benefits resulted

More information

Italy. Eyewear Key Figures 2015

Italy. Eyewear Key Figures 2015 Italy Eyewear Key Figures 2015 1 General information 2015 Population: 60.656.125 (-0,2% vs 2014) GDP per capita: 26.840 (+2% vs 2014) Population over-40: 55% of population Population over-65: 22% of population

More information

Managing Director Rolf Eriksen s address at the AGM 8th May 2008

Managing Director Rolf Eriksen s address at the AGM 8th May 2008 x Managing Director Rolf Eriksen s address at the AGM 8th May 2008 Dear shareholders, 2007 was the year of H&M s 60th birthday and another record year with a high level of activity. We increased sales

More information

Around the World BANGLADESH CHINA

Around the World BANGLADESH CHINA BANGLADESH Government takes several jute mills back from private firms The Bangladesh government has taken eight jute and textile mills back from the private sector as they violated major conditions that

More information