US Textile & Apparel Import Spectrum
Courtesy of www.biggani.org
US Textile & Apparel Import Spectrum: http://biggani.com/content/view/1386/158/
| লিখেছেন Shafiul Islam | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Saturday, 14 August 2010 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dedicated to amazing passion of Bob Berger for outreaching and uplifting our textile profession. The Office of Textile and Apparel, OTEXA, has released recent US textile and apparel import trade data. Digging deeper, we analyze the following trade data in perspective. The analysis reveals many interesting insights. Who are the top five trading partners of USA in 2009? Collectively, these top five players enjoy over 60% of the US apparel market share, but the value and supply chain vary significantly. The US imports of fabrics and yarns are more science and technology driven while it's apparel imports are more favorable to cheap workforce and strategic partnership. How will these markets evolve in the future? Explore more.... Table 1 illustrates the 2008-2009 US apparel import in dollar value ($M), volume (MSME), value-chain ($/SME) and change in value ($) and volume (MSME). In 2009, the overall US apparel import shrunk about 12% in dollar value and 6% in volume from 2008.
The US imports of fabrics and yarns in 2008-2009 are presented in Table 2
and Table 3 respectively. These tables also compare the business volume
of the top five trading partners of the US and the change in their
market share during 2008-09.
Table 1: US Apparel Imports 2008-2009.
Data Analysis & Compilation: TexTek Solutions & MW Canada R&D.
Data Analysis and Observations:
-- The US imports over $200 worth of apparel per capita, totaling over
$63 billion in 2009 compared to over $71 billion in 2008. This is
primarily due to the fierce financial turmoil in the US.
-- China, the largest trade partner of the USA, exports almost one third
of US apparel import and earns $2.7/SME below the global average
approximately $3/SME.
-- China, Vietnam, Bangladesh Indonesia and Honduras are the five top
apparel trading partners of USA. Together they enjoy over 60% US apparel
market share. Among them, Indonesia earns $3.6/SME, while Honduras
earns only $2/SME.
-- The US apparel imports vary significantly in value and volume. The
market is fairly favorable to cheap workforces, least developing
countries and strategic political partnerships.
-- For fabric and yarn sourcing, the US imports are more dependent to
value-added supply-chain for developing advanced textile materials with
sophisticated functional features.
-- In 2009, Bangladesh's apparel sectors, with over 3.1 million
workforce (90% women), earned over $12 billion from its exports - mostly
from the US and EU markets.
Outlook: Bob Berger, President, MW Canada has an interesting idea. This spectrum is likely to change over time. Staging the recent World Cup in South Africa is building the initial infrastructures for creating the future trading inroads. So whoever enjoys significant US market share today has no guarantee of their future tomorrow. The key is building bridges, infrastructures, cross-cultural relationships and strategies for future facing the fierce competition in our global village. Canada, China, India, South Korea, US and advanced countries are moving more towards value-added textile technology and knowledge based econmy. They include exploiting science and technology for developing advanced materials, integrating features/technology to textile structures and transformation of innovations for challenging applications. The advanced countries have minimized the salary and wage gap between their top and bottom-line workforce. In high-impact manufacturing where innovation and continuous improvements are critical, it is all about how well we stimulate the partnership with our people to promote our productivity. Invest on your people and technology. They are your economic engine, energy to your existence. Simply, take care of your people. They will take care of you. After a long struggle, facing the protests, violence and spill of blood, Bangladesh has raised the minimum wage for the garments workers from 1,662.50 taka to 3,000 taka (~$43) a month, to be effective from November 2010; the workers' groups and unions wanted 5,000 taka. This new wage includes an allowance of 200 taka for medical and 800 taka for housing. The accelerated economic growth in Asia is likely to shake the life of 160 million people on the tiny land of 144,000 sq. km. Our planet is changing rapidly. How well Bangladeshi manufacturers will share the benefits and build relationships with their bottom-line will dictate their productivity and growth potential. Imagine your bottom-line as your children. How do you want them to grow? In fact, your bottom-line is your life-line. They enhance your economic existence. How do you like to nurture your life-line? Empower your bottom-line to enhance your life-line. Building a stimulating relationship and work environment are crucial to promote your productivity. Government, University and Industry should work together to exploit science and technology and create mutual opportunity to propel our progress. Vision creates value. What do you think? Acknowledgements: TexTek Solutions :: MW Canada.
শফিউল ইসলাম
ইমেইল:
shafiul_i@yahoo.com :: ওয়েবঃ textek.weebly.com :: Canada :: www.linkedin.com/in/shafiul2009
মন্তব্যগুলো (2)
  লিখেছেন ড. মশিউর রহমান, August 18, 2010
টেক্সটাইল প্রযুক্তিতে আমাদের অনেক জোরদার দিতে হবে। শুধু মাত্র কম
পারিশ্রমিকের কারনেই বাংলাদেশের পোষাক শিল্প উন্নত হবে এই ধারণা একদম ভুল।
এর প্রযুক্তিগত উদ্ভাবনে আমাদের মনোনিবেশ করতে হবে। ধন্যবাদ ড. শফিউল
তথ্যগুলি তুলে ধরার জন্য।
 লিখেছেন Shafiul Islam, August 21, 2010
মশিউর,
I agree with you, we have to improve our technology. Can we propel our progress without building a promising relationship with our people who drive our economic engine? Today, we need much more education of empathy for our co-existence as we weave our global social fabric together. Thanks for your thoughts. Vision creates value. Let there be vision. "Let there be light." শফিউল | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Courtesy of www.biggani.org
US Textile & Apparel Import Spectrum: http://biggani.com/content/view/1386/158/
