Textile And Clothing Case Study

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4.1. World market and EU textile and clothing 4.1. 1.. The world market for textiles and clothing The global textile and clothing market is vast and heterogeneous, covering a multitude of products from fiber and yarn to finished textiles, knitwear and clothing. International trade in textiles has a market share, accounting for 295.5 billion dollars. China is the first and leading textile exporter in the world, its share accounting for more than a quarter of the total volume of trade in this area. Textile sector is characterized by a high degree of automation especially in developed countries. In the top five global producers of textiles are found three developed countries USA, Germany and Italy who invest more in innovation and technological…show more content…
Europe is a major player in world trade, ranking first in exports of textiles and clothing in third place. With a total amounting to over 170 000 companies in an enlarged Europe, of which about 96% are SMEs, it covers a fascinating industrial landscape, with thousands and thousands of varieties of products, which use many knowledge intensive processes highly specialized production and related technologies (Visileanu, Teodorescu, Onete,…show more content…
• Lower transportation expenses by employing such operations preferably with countries geographically close to the importing country. This factor contributed to the expansion of the EU under contract agreements, especially with Eastern European countries and the Mediterranean countries. • Quick response and great flexibility in making finished products based on geographical proximity on market, and executing the company's ability to respond to fluctuations in demand and fashion; • Sharing know-how by investments made in the beneficiary country with machinery and technologies. Producing countries that perform such contracts under contract, including Romania, this system has proven to be beneficial in the medium term, allowing operation at full capacity of garment and knitwear factories, machinery and equipment with modern technologies and providing increased access of producers Western European markets. In the long term, lohn involve disadvantages such as export receivable are much smaller than the full production of the finished product and reduced opportunities to promote own brand of clothing, loss of company

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