Wednesday, February 27, 2013

The UAE textile market in 2011 was valued at USD 13 billion which has grown at CAGR of 9.9% during the period 2006-2011

The Textile industry in UAE encompasses several categories such as woven, knitted and non-woven fabrics. The UAE textile market in 2011 was valued at USD 13 billion which has grown at CAGR of 9.9% during the period 2006-2011. UAE is one of the major textile markets of the world which includes fibres, fabrics, cloth, apparels, outerwear and several others.  The output of the textile market in UAE has increased from USD 778.1 million in 2007 to USD ~ million in 2011, at a CAGR of 4.7%. In wake of favorable economic and business conditions in the country, the textile manufacturing market in UAE has been experiencing intense competition from the textile manufacturing countries in South East Asia such as China, India and Thailand. 

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