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China’s garment trimmings industry is bracing for an even more challenging trade environment as the global economic downturn continues to affect exports adversely.
Overseas shipments in the first five months of 2009 reached $1 billion, down 25 percent from the previous corresponding period. This came after growth in 2008 slowed to a meager 6 percent. In stark contrast, 2007 export sales were up a healthy 33 percent.
To maintain sufficient cash flow despite dwindling sales and drastically reduced product prices, manufacturers have had to rethink their business strategies, including order parameters.
In addition, suppliers are streamlining operations to enhance efficiency and quality. The main approach for this objective is specialization because the myriad product types in the industry require different materials, machinery and skill sets.
This report focuses on the main garment trimmings exported from China – applique, buttons, cord, decorative yard goods, garment hooks, hook-and-loop tape, loose trims, ribbons, tape and zippers.
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