We also offer a flexible subscription product,
the Multi Report Package,
which allows you to select your own choice of reports from our full range,
to suit your own budget. Click here for full details.
Prospects for the Textile and Garment Industry in Hong Kong
published in Issue 138, November-December 2008
Hong Kong is the world’s third largest exporter of garments, behind China and the EU, and a major exporter of textiles—reflecting its favoured position as one of Asia’s most prominent trading hubs.
Textile and clothing exports stood at US$40 bn in 2008, representing 11% of total exports from the territory. Most of this trade, however, comprises re-exports of goods originating in mainland China and other low cost Asian countries.
Hong Kong’s domestic textile and garment sectors have been declining due to high manufacturing costs. In particular, labour and land costs are significantly higher than in most other Asian countries. Not surprisingly, there has been a strong trend, evident since the late 1980s, for manufacturers to subcontract operations to lower cost countries, especially mainland China.
Even so, Hong Kong still retains an important garment manufacturing industry which is the territory’s largest manufacturing activity. There is an emphasis on producing goods for the luxury market where innovation and fashion are essential attributes in attracting sophisticated international consumers. Important links have been established with some of the world’s most famous and exclusive brands.
Moreover, the textile and garment industries remain at the centre of the territory’s economy. The industries employ around 147,000 people, of whom 117,000 are involved in the export/import trade.
Looking ahead, Hong Kong will face growing competitive pressures as the textile and garment industries in other Asian countries expand and build up their design and manufacturing capabilities—and these pressures will need to be accommodated. On the other hand, business opportunities are being boosted by the ever closer business and economic links which are being developed between Hong Kong and mainland China.
Table of Contents
Prospects for the Textile and Garment Industry in Hong Kong
Development of the Textile and Garment Industry in Hong Kong
Importance of the Textile and Garment Industry to the Economy of Hong Kong
Hong Kong: Geographical, Political and Economic Profile
Hong Kong: Infrastructure
Hong Kong: Human Resources
Size and Structure of the Textile and Garment Industry in Hong Kong
Textile and Garment Production in Hong Kong
Production Technology and Machinery in Hong Kong’s Textile and Garment Industry
Markets for Hong Kong’s Textile and Garment Industry: Exports and Brands
Hong Kong’s Textile and Garment Imports
Textiles and Garments in Hong Kong: Government Policies and Foreign Investment
Textiles and Garments in Hong Kong: Strengths, Weaknesses, Opportunities and Threats
Six times a year, Textile Outlook International provides up to 200 pages of expert comment and analysis. A subscription provides an overview of the global fibre, textile and apparel industries. It is essential reading for senior executives in the fibre, textile and apparel industries – and for anyone who is not involved in the industry, but needs to quickly gain an understanding of the key issues.
Reports in Textile Outlook International include:
country profiles – providing a comprehensive guide to the textile and clothing industries in a range of countries and regions. The reports include an economic and political profile together with a comprehensive overview of the main issues, plus an outlook for the future.
company profiles – giving you the opportunity to learn from strategies employed by others. Companies profiled recently include retailers, manufacturers, innovators and sourcing companies involved in textiles and apparel as well as smaller companies which illustrate the opportunities for firms which are interested in selected sourcing locations.
trends in world textile and apparel trade and production – taking into account current issues facing the industry – such as global fibre prices; competition from China and other low cost countries; the elimination of quotas and imposition of selective new ones; relocation of production operations; the impact of economic factors affecting trade; international trade agreements; trade promotion agreements (TPAs); and much more.
trends in EU and US imports of textiles and clothing – providing comprehensive statistical data and analysis of the top ten supplying countries to the EU and US markets. These reports are updated each year and contain value and volume data as well as average prices and analyses of trends for up to 15 product categories.
innovations, technological developments, business development opportunities, individual sector analysis and political implications which affect players in the global fibre, textile and apparel industries. Some of the topics which have been covered in recent reports include: new innovations in the textile and clothing industry, such as environmentally friendly textiles, plant based fibres, and developments in textile colorants; innovations in textile machinery; and overviews of the European swimwear, hosiery and lingerie markets.
So whether you are involved in fibres, textiles or clothing – in manufacturing, spinning, weaving, knitting, sewing, import/export, retailing – or if you are in education or consultancy or investment or finance, a subscription to Textile Outlook International will tell you what you need to know about the key trends in the industry.
Textile Outlook International is available on subscription – either in printed format only, or in printed and electronic format. If you choose the printed only option, you will receive 6 printed publications a year, containing a total of 30 reports plus editorials written by Robin Anson, our editorial director and in-house industry expert.
Electronic supplement If you choose the printed and electronic option, you will receive an extra service. You will still receive each issue in printed format, delivered to you by traditional post.
In addition, you will be able to download PDF files containing the same information – but the PDF files will be available immediately on publication, so you don’t have to wait for the printing and mailing. You also have all the benefits of electronic files: instant access even when you are away from the office; convenient storage in your PC or laptop; portability; electronic search facility; and copy/paste facility.
This is what our customers say:
"If I was paid commission each time I recommend Textile Outlook International, I'd be a millionaire."