US imports of cotton terry towels were relatively weak in the first quarter of 2007, with China still dominating the higher end of the market. US quotas forced Chinese exporters in shifting to higher-valued towels while India and Pakistan were aggressively cutting their prices on the lower-cost segment. As a consequence, US limits paradoxically gave a clear boost to Chinese exports in value terms to the detriment of India and Pakistan.
source: emergingtextiles
