The continuing appeal of denim apparel, especially jeans, has ensured that the demand for denim fabric remains robust. In turn, robust demand has resulted in sizeable trade flows in denim fabric across markets. In 2005 world denim fabric exports totalled US$4.3 bn, and between 2001 and 2005 the value of global denim fabric exports grew at an average annual rate of 5.0%. The top ten exporting countries in 2005 were China, Hong Kong, the USA, Italy, Turkey, Japan, India, Brazil, Spain and Pakistan. Together, these countries accounted for as much as 83% of world denim fabric exports. The major denim fabric importing countries during the same year were Mexico, Hong Kong, Turkey, Tunisia, Italy, the USA, China, Morocco and Colombia. Chinese denim fabric exporters, as well as achieving the greatest success in penetrating overseas markets, have also achieved rapid growth. Between 2001 and 2005 their sales to foreign markets rose by an average of 18% a year—which was almost four times the growth rate for global exports of denim fabric as a whole. The US denim fabric industry, which at one time dominated world production, has been witnessing a continuing decline in sales and profitability for a number of years. This is largely because of competition from low cost countries as well as falling domestic demand. Two US companies used to hold leading positions in the global denim fabric industry, namely Cone Mills (now known as Cone Denim) and Swift Galey. However, faced with growing competition from foreign manufacturers, higher production costs within the USA and shrinking internal demand for their products, US denim fabric companies have been facing severe financial problems which have forced them to cut output or close their US-based production facilities. Instead, as a survival measure, they have set up manufacturing joint ventures and relocated their operations to low cost locations where denim fabric can be produced at more competitive costs.
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The AKTRIN Group of Information Centers is an international consulting firm fully dedicated to the furniture, textile and wood industries. Our research library contains over 1500 reports, covering all aspects of the residential and office furniture markets, textile, fiber fabrics, apparel, garments, as well as wood products, lumber, MDF, particleboard, plywood, millwork, windows, doors, floor coverings and much more.
Search Terms: Textile Industry Report, Denim, Fabric, Textile Market Studies, Industry Analysis, Market Research, Textile Industries, AKTRIN Textile Information, Aktrin, Gewebe, Kleider,Exports, Imports, Trade, Cone Denim, Swift Galey, Isko, Tavex-Santista Textil, Vicunha Têxtil, Weiqiao Textile, Arvind Mills, Raymond UCO denim, Black Peony, Lanyan Group, Gap Güneydo_u Textile, Aarvee Denims and Exports, Orta Anadolu, Bossa
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