While most industry executives agree many nations that currently rely heavily on apparel and textile exports will lose U.S. market share to China in 2005, few have been able to quantify the losses. The American Textile Manufacturers Institute, in a recently released report on China, looked at the runup in Chinese imports in the few categories on which quotas have already been lifted over the 10-year phaseout period, and predicted China would be positioned to hold a 65 to 75 percent share of the U.S. market within a year after the end of quotas. That would represent significant growth from the 13.8 percent share China held in the year ended June.

By taking into account China’s gains to date, the ATMI developed estimated annual export losses at 43 of the U.S.’s leading supplier nations of textiles and apparel. Some importers have disputed these projections, but have not released their own numbers.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus