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United Kingdom Textiles and Clothing Report Q4 2009Published by: Business Monitor International Published: Oct. 8, 2009 - 40 Pages Table of Contents
AbstractThe UK is a major textiles and clothing (T&C) producer, with a long tradition of manufacturing. Likemany other European producers, much of this has now been shifted to lower-cost countries, particularly inAsia, and the UK is now more important as a centre of fashion, design, marketing and retail consumption.BMI still ranks it as number five in the world in terms of T&C manufacturing value added, however. Innominal terms, we estimate that to have been worth US$18.93bn in 2008. The industry faces two verydifficult years in 2009 and 2010, with further downsizing and restructuring on the cards as it adjusts to asevere recession. Overall, the UK’s T&C value added will fall by 8.6% in 2009 and by 2.8% in 2010, reflecting verydifficult international economic conditions. The industry’s trade performance will also reflect theespecially difficult international economic situation. Combined T&C exports will fall by 20.5% toUS$9.36bn, while imports will drop by 22.5% to US$25.44bn, leaving a trade deficit of US$16.08bn. Get Full Details About This Report >> |
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