Report Overview
In 2009, exports in some product lines rose as businesses boosted sales to alternative markets. For the hosiery segment, moreover,
Other categories, however, still contracted due to weak demand. Apart from a market rebound, caution that the recent winter snowstorms in the Northern Hemisphere may be repeated is expected to stimulate orders for hats, caps, gloves and scarves.
Even as export growth is forecast, however, profitability is being jeopardized by rising material and labor outlay. Suppliers are absorbing most of the additional expenses as price sensitivity is still a general sentiment among buyers.
This report covers belts & buckles, sunglasses, optical frames, reading glasses, gloves, hats, caps, hair accessories, hosiery, and neckwear.
