Exports of Clothing in the UK is Forecasted to Show Modest Growth up to 2010.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c38863) has announced the addition of Clothing Manufacturing Market Report 2006 to their offering. The apparent UK market for clothing was worth an estimated GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 12.32bn at manufacturers' selling prices (msp) in 2005, up 2.7% on 2004 and 0.4% higher than in 2001. The market value still remains below levels recorded in 2002 and 2003. The market can be broken down into the two main sectors of menswear mens·wear also men's wear n. Clothing for men. menswear Noun clothing for men menswear n → confección f de caballero (including clothes for boys) and womenswear (including girlswear). A small market also exists for clothing accessories. In fact, in terms of household expenditure, clothing accessories were one of the strongest growing sectors between 2001 and 2005. The world clothing and textile market has been regulated for over 40 years by a series of agreements that restrict access to certain markets. This situation changed on 1st January 2005, when the quota system Quota System can refer to:
Noun 1. liberalisation - the act of making less strict liberalization, relaxation alleviation, easement, easing, relief - the act of reducing something unpleasant (as pain or annoyance); "he asked the nurse rules of GATT See General Agreement on Tariffs and Trade. GATT See General Agreement on Tariffs and Trade (GATT). . The People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China was one of the countries most affected by the quota system, and the most immediate effect of its removal was a huge surge in clothing exports from the People's Republic of China to the EU and North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . The abolition of the quota agreement is expected to affect UK clothing manufacturers in different ways, with those that serve niche markets A niche market also known as a target market is a focused, targetable portion (subset) of a market sector. By definition, then, a business that focuses on a niche market is addressing a need for a product or service that is not being addressed by mainstream providers. least likely to be affected by the abolition. Conversely con·verse 1 intr.v. con·versed, con·vers·ing, con·vers·es 1. To engage in a spoken exchange of thoughts, ideas, or feelings; talk. See Synonyms at speak. 2. , those most vulnerable to the quota abolition are companies that produce items that can be mass produced in a lower-waged, lower-skilled environment. The UK clothing manufacturing market remains under intense pressure from these low-cost imports, especially those of mass-market items. Plant closures, sector rationalisations, falling employment levels and company disposals remain features of the market. These factors, together with rising production costs and price pressures, have resulted in many of the leading manufacturers reporting pre-tax losses in their latest financial year. However, the situation is not completely negative, with some specialised sectors of the market experiencing stability or even growth. The apparent UK market for clothing is expected to increase slowly but steadily up to 2010. However, UK manufacturers' sales are forecast to continue falling and all of the increase will be met by higher levels of imports (with imports from the People's Republic of China likely to account for a large proportion of this rise). UK exports of clothing are forecast to show some modest increase up to 2010, with added-value, high-technology items remaining popular in overseas markets. Topics Covered Executive Summary 1.Market Definition 2.Market Size 3.Industry Background 4.Competitor Analysis Competitor analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors. Created by Michael Porter competitor analysis focuses on four key aspects: competitor's objectives, competitor's assumptions, 5.Strengths, Weaknesses, Opportunities and Threats 6.Buying Behaviour 7.Current Issues 8.The Global Market 9.Forecasts 10. Company Profiles 11. Consumer Confidence Companies Mentioned: --Alexandra Plc --Alexon Group Plc --Austin Reed Group Plc --Coats Holdings Ltd --Dawson International PLC --Pentland Group Plc --Sherwood Group Plc For more information visit http://www.researchandmarkets.com/reports/c38863 |
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