Textiles account for 10% in 2006's GDP. In 2010, the textile industry is likely to shrink by 25% compared to 2006. It will reach 7.5 billion euros in 2010, two billion euros lower than 2006 as the number of textile industry will be reduced to almost halve, as domestic companies will reposition so as not to directly compete with Asian products.
Romania Textile companies such as Zara, Christian Lacroix, Escada, Lacoste, Sonya Rykiel, Dolce and Gabbana or H and M have contracted out production. The outsourcing segment is highly unpredictable at the moment; as market estimation depends on it. As the result, plants working under contract will be the hardest hit and the Romanian market will see the contracting out system vanish by 2010.
