Asia-Pacific is the largest and most vibrant textile market in the world.
Textile market in the Asia-Pacific is largely driven by the expansion of manufacturing markets in China and India.
Its market was valued at US$83.4 billion in 2004 with synthetic fibres as the most profitable sector in the industry.
The growth rate in market volume (10.5 million) was registered at 4.8% for 2004.
The signing of a FTA between China and India has consolidated the regional cooperation and thus enhanced the Asia-Pacific region? domination of the world textile market.
The Asia-Pacific region takes up almost 40% of the world textile market as compared to market shares of 22% in US and 34% in EU.
