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Czech Republic Textiles and Clothing Report Q4 2009Published by: Business Monitor International Published: Sep. 21, 2009 - 46 Pages Table of Contents
AbstractThe Czech Republic is a small-sized textile and clothing producer, benefitting from a surge of investmentlinked to the country’s accession to the European Union in 2004. BMI ranks it as number 62 in the worldin terms of textile and clothing manufacturing value added. In nominal terms we estimate that to havebeen worth US$2.03bn in 2008. Market conditions in 2009 and 2010 are proving difficult for theindustry. We see it being battered by the combined forces of European recession and relentlesscompetition from low-cost Asian textile producers. The best-performing local companies will be thosewith high quality, competitively prices niche products, particularly those in the technical textiles sector.We see textile and clothing value added dropping by 8.0% in 2009 and by 2.0% in 2010, beforerecovering with 3.2% growth in 2011. This path will reflect the very difficult international economicconditions faced by the Republic. The industry’s trade performance will also reflect the especiallydifficult international economic situation. Combined textile and clothing exports will fall by 13.9% in2009, to US$3.65bn, rebounding by 5.4% in 2010, to US$3.85bn. Get Full Details About This Report >> |
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