Prospects for the Textile and Clothing Industry in the Czech Republic - 2008/11/01 - Textiles Intelligence

Report title: Prospects for the Textile and Clothing Industry in the Czech Republic

from Textiles Intelligence
24 page report published Nov 01, 2008

Price $520.00 available for immediate download

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The textile and clothing industry in the Czech Republic accounts for 1.9% of total manufacturing activity in the country in terms of sales, and provides 5.1% of manufacturing employment. It also accounts for a significant share of exports. Some 80% of the textiles and clothing produced by the industry is sold abroad, mainly to EU countries. Czech textile and clothing firms benefit within the EU from their proximity to major markets. This gives them a distinct advantage—in an age of quick response and short fashion cycles—over their Asian competitors. Czech firms also benefit from a reputation for good quality. Labour costs are relatively low—especially in firms located close to Poland, where there are people willing to work in the Czech Republic for low wages. Czech firms also employ low cost labour originating in Mongolia, Russia and Ukraine. The Czech textile and clothing industry is still recovering from decades of communist rule—when efforts were focused on exporting to the former Soviet bloc. When the regime broke down, the industry was privatised and firms turned once more to Western markets—helped by foreign investment from companies such as Marzotto of Italy, Schoeller Textil of Switzerland and Toray of Japan. However, faced with strong competition from Asian competitors, the industry has had to restructure and slim down extensively. Many companies have gone out of business—especially in clothing. The textile sector has also declined, but at a slower pace, and its turnover in 2007 was about four times that of clothing. Many textile firms are enjoying success by focusing on higher value products, including technical textiles, where pressure on prices is less intense than in consumer markets. Significantly, technical textiles represent the core business of four of the five biggest textile companies, namely Juta, Kordárna, Pegas and Technolen.

Source:

Textiles Intelligence Ltd

Document ID:

TOI 136 CZECH

Country:

Czech Republic

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Title	Starting Page	Number of Pages
Sections
SUMMARY	5	1
DEVELOPMENT OF THE TEXTILE AND CLOTHING INDUSTRY IN THE CZECH REPUBLIC	5	3
STRUCTURE AND LOCATION OF THE CZECH TEXTILE AND CLOTHING INDUSTRY	8	1
INDUSTRY STRUCTURE	8	1
Table 1: Czech Republic: textile and clothing sales and number of companies, 1998-2007	8	1
INDUSTRY LOCATION	8	1
TRENDS IN TURNOVER AND PROFITS IN THE CZECH TEXTILE AND CLOTHING INDUSTRY	9	2
TURNOVER	9	1
PROFITS	9	1
Table 2: Czech Republic: after-tax profits in industry, in manufacturing, and in the textile and clothing industry, 2002-06	9	1
THE RISE OF TECHNICAL TEXTILES	10	1
HUMAN RESOURCES	10	1
FOREIGN INVESTMENT IN THE TEXTILE AND CLOTHING INDUSTRY	11	2
EXPORTS AND IMPORTS	13	1
EXPORTS	13	1
IMPORTS	13	1
LEADING PLAYERS IN THE CZECH TEXTILE AND CLOTHING INDUSTRY: MANUFACTURING AND RETAILING	13	2
TEXTILES	13	1
CLOTHING	14	1
RETAILING	14	1
TEXTILES EDUCATION IN THE CZECH REPUBLIC	14	7
INTERNATIONAL COMPETITIVENESS: STRENGTHS AND WEAKNESSES	15	1
STRENGTHS	15	1
Prices	15	1
Quality	16	1
Location	16	1
Education	17	1
EU member status	17	1
WEAKNESSES	17	1
Raw materials	17	1
Research and development	17	1
Brands	18	1
Currency appreciation	18	1
Elimination of quotas	18	1
Poor reputation	19	1
Asian competition at home	19	1
Wholesale market	19	1
Electricity prices	19	1
Design	20	1
Government support	20	1
OUTLOOK FOR THE TEXTILE AND CLOTHING INDUSTRY IN THE CZECH REPUBLIC	20	2
STATISTICAL APPENDIX	22	3
Table 3: Czech Republic: textile and clothing exports to other EU countries, 2005-07	22	1
Table 4: Czech Republic: textile and clothing imports from other EU countries, 2005-07	22	1
Table 5: Czech Republic: textile and clothing exports to selected major non-EU destination countries, 2005-07	23	1
Table 6: Czech Republic: textile and clothing imports from selected major non-EU supplying countries, 2005-07	24	1

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Textiles Intelligence specialises in providing business information on the global fibre, textile and apparel industries. It was formed in 1992 as a spin-off from the Economist Intelligence Unit and the company now publishes more than 100 reports a year on the textile and apparel industry. Reports contain authoritative research-based information and statistical data – including details of markets for, and developments in, niche sectors such as technical textiles and performance apparel – and are used by senior executives, investors and strategists who need to understand all areas of the supply chain.

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