the US | Yarns and Fibers

India likely to miss wool export target on slow demand in FY17

Related Keywords: affected medium sized manufacturers in Ludhiana and Amritsar, current FY, due to slowdown in demand, European Union and the UAE, exploring options, India likely to miss its target of wool and wool-blended exports, main export markets, moderation in commodity prices, set of USD six hundred ten million, the US, Woollen manufacturers

India is likely to miss its target of wool and wool-blended exports set of $610 million for 2016-17 due to slowdown in demand in its main export markets – the US, European Union and the UAE and moderation in commodity prices.

Punjab accounts for 35 percent of the total exports of wool and wool-blended products, followed by Maharashtra and Rajasthan. The slowdown in global demand has affected medium-sized manufacturers in Ludhiana and Amritsar.

VN textiles and garments exports to US increasing with or without TPP

Related Keywords: Biggest export market of Vietnam, by thirty to forty percent, consumes fifty percent, export increase with or without TPP, if TPP takes effect, in first year of agreement implementation, increase by twofold after three to four years, textile and garment export turnover would increase, the US, Vietnamese total textile & garment export turnover

Vietnam’s biggest export market, the US which consumes 50 percent of Vietnam’s total textile & garment export turnover, if TPP takes effect, analysts estimate that Vietnam’s textile & garment export turnover would increase by 30-40 percent in the first year of the agreement implementation, and would increase by twofold after three to four years.

In October 2016 alone, Vietnam exported $9.476 billion worth of textile & garment products to the US. This means that export turnover would reach $16 billion by 2018, an increase of $3 billion, and to $20 billion by 2020.

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India likely to miss wool export target on slow demand in FY17

VN textiles and garments exports to US increasing with or without TPP