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Global Apparel Markets
Issue 4:
4th Quarter 2008

Product Overview
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Reports in this issue
Talking strategy: global sourcing of premium brands (8 pages)
Prospects for the textile and garment industry in Hong Kong
Global apparel markets: product developments and innovations, 4th quarter 2008 (11 pages)
Trade and trade policy: five key emerging apparel import markets (13 pages)
Global apparel markets: business update, 4th quarter 2008 (23 pages)

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Prospects for the textile and garment industry in Hong Kong

published in Issue 4, 4th Quarter 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, comprised 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 the territory. 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
  • Summary
  • 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

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Related Reports  
Product Overview   

Four times a year, Global Apparel Markets provides essential and up-to-date analysis and insight into the global apparel industry.

Reports contain updates on developments in the apparel sector, trade and trade policy, research-based information on individual market sectors, business news and expert opinions on strategy – to keep retailers, manufacturers and investors informed of the facts and figures which will affect their businesses.

Each issue contains:
a detailed research-based report or company profile covering information on sourcing, developments in technology, colour and/or fabric trends, market sectors such as discount retailing, or other issues which affect companies in the apparel industry;
a round-up of industry developments and innovations in the apparel sector;
a feature on trade and trade policy;
advice from industry experts on strategy; and
business news
An annual subscription to Global Apparel Markets is a cost-effective way to keep yourself and your colleagues informed about trends and developments in the global apparel industry. The reports are available on subscription in printed and electronic format.

You will also receive "Global Apparel Update" delivered to you by email, free of charge, once a month. This free supplement contains an update of business news as well as the latest product developments and innovations.

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This is what our customers say:
"We welcome the publication of Global Apparel Markets in joining our mission to communicate the challenges and opportunities facing the world's Textile and Apparel industries to a global audience"
(Michael Duck; Director; APLF Ltd, organisers of Prime Source Forum)