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India well placed in US market : TEXPROCIL study
E-Tex Staff - Mumbai
The Cotton Textiles Export Promotion Council recently released the Dun &
Bradstreet study on the US market for cotton textiles, which concludes that
India is quite well-placed in US market.
According to the study, “The China factor remains, and innovative price-product
strategies would be required to meet that challenge. Pakistan too is emerging
as a strong competitor in made-ups.”
In case of yarn, US imports have been steady at around US$ 300 million during
1998-2003. Its imports of carded yarns have declined, while that of combed yarn
have been steadily increasing since 2001.
However, the study reveals that India’s share in the US yarn market is
just 0.01 per cent, as against Mexico’s share of 21.9 per cent, Pakistan
19 per cent, Canada 13 per cent, Egypt nine per cent. “With the domestic
market in the decline, long run opportunities in this segment of the US cotton
textiles import market are slim. However, due to India’s cost competitiveness,
short to medium term opportunities for supply of combed yarn do exist post-2004,”
the study states.
Fabric imports by the US have also remained steady over the last five years.
India’s share at 3.6 per cent of US fabric imports, is quite low when compared
to that of South Korea at 14.9 per cent, Canada 13.9 per cent, Pakistan 10.4
per cent, China 10.2 per cent, Taiwan 9.3 per cent, Mexico 7.2 per cent. According
to D&B, “Good opportunities exist for Indian fabric exporters, even
as India’s present share in the major categories is quite miniscule.”
US imports of made-ups have increased from US$ 2.2 billion in 1998 to US$ 3.9
billion in 2003. India’s share in this segment is 18 per cent, China’s
30 per cent, Pakistan 15 per cent, Portugal five per cent.
The D&B study recommends that the Indian industry should consolidate its
position in segments where it has emerged a market leader like pillowcases,
bedspreads, bedlinen, curtains, etc, where opportunities will multiply post-2004.
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