Post by Ismail AbdulAzeez on Jun 23, 2019 22:42:25 GMT 1
Nigeria needs to wake up to the huge potentials it offers to the Apparel and Leather market. Cotton, textile and garment sector used to be the largest employer after the government. The textile and garment industry alone generates a lot of money as revenue from export from Nigeria.
And it’s not just the size of Africa’s market that’s attractive to the footwear industry. Africa is also richly endowed with the raw materials, impressive talent and affordable labour that gives it the edge to build a multi-billion dollar footwear industry.
Export Value Chain
The apparel and clothing industry value chain begins with the production of cotton and moves through the spinning and twisting of the fibre into yarn, the weaving and knitting of the yarn into fabric, and the bleaching, dying and printing of the fabric to obtain the fashionable garment worn worldwide today. At each step of the value chain, more value is added and additional jobs and opportunities are created.
Global market for Apparels and Leather
People around the world appreciate the African culture, and Nigerian fabrics and garments fascinate foreigners. Also, the cotton business is currently on the rise in Nigeria. So, Nigeria can join the list of top 10 apparel exporting nations by year 2020 contributing up to 0.1 percent of global apparel exports despite energy and raw material challenge considering the large population of young Nigerians that have shown interest in Fashion possessing a strong entrepreneurial drive and assess to investments.
This is largely due to growing interest in Africa’s cultural traditions, including its vibrant and colourful fabrics, and the high quality of craftsmanship in African cultures.
It is also a fact that unlike other products that battles with high strict rules of tests, Nigeria’s textiles enjoy duty free passage into United States where it has the largest market in the world because of its unique designs, ethnic African designs and quality.
The industry and its designers, both on the continent and abroad, are capitalising on this situation, with Africa-inspired designs now regularly shown in fashion shows in countries like Paris, London and Milan.
The Export Process
After choosing your export product as apparel and clothing accessories, knitted, crocheted etc. and export samples are sent, terms of payment and terms of delivery are agreed with your overseas buyer along with other terms and conditions and issue proforma invoice, in turn you receive export order for apparel and clothing accessories, knitted, crocheted etc. followed by purchase order from your overseas buyer.
You can do the business from home
Nowadays, it is very easy to conduct export business from the comfort of your own home. You don’t even have to leave your couch to find the importers for your product. You can just go on the Internet, register your company on some trade websites and start negotiations with potential clients.