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Looming recession threatens global textile and apparel industry

Looming recession threatens global textile and apparel industry

  The latest Economic Experts Survey paints a concerning picture for the global economy, with a significant risk of recession looming by the end of 2024. While experts remain cautiously optimistic overall, the potential impact on the textile and apparel industry is particularly worrisome. The World Trade Orga... Read more

The Shifting Fabric of Apparel Exports: Europe's diversifying landscap…

The Shifting Fabric of Apparel Exports: Europe's diversifying landscape

  The landscape of apparel exports to Europe is undergoing a significant transformation, driven by changing consumer demands, sustainability concerns, and geopolitical shifts. The European Union (EU) represents a vast and lucrative apparel market, one that is undergoing a significant shift in its import dynam... Read more

From Fast Fashion to Slow Fashion: How European buying habits are resh…

From Fast Fashion to Slow Fashion: How European buying habits are reshaping the industry

  Europe, the world's leading apparel importer, is experiencing a dynamic shift in its consumption patterns and sourcing strategies. This transformation is driven by numerous factors, including changing consumer preferences, sustainability concerns, and evolving supply chains.  A conscious shift in cons... Read more

Final Report - IFCO Istanbul set record attendance

Final Report - IFCO Istanbul set record attendance

  The fifth edition of the IFCO Istanbul Fashion Connection, held from February 7-10, 2024, witnessed a remarkable turnout, welcoming a record-breaking 38,545 visitors. The event, hosted at the Istanbul Expo Centre across eight expansive halls, saw participation from 545 exhibitors who engaged with internatio... Read more

India’s textile industry navigates headwinds with slow exports and sta…

India’s textile industry navigates headwinds with slow exports and stable domestic demand

   The textile industry, a key pillar of the Indian economy, witnessed a mixed bag of results in Q3 of the 2023-24 financial year. While some companies like Arvind saw profits grow, others like Century Textiles struggled with revenue dips. This indicates differing responses to market pressures within t... Read more

India-UK FTA: Weaving a new fabric for textile and apparel trade

India-UK FTA: Weaving a new fabric for textile and apparel trade

  India and the UK are inching closer to a Free Trade Agreement (FTA), with potential significant impacts on the textile and apparel industry. While negotiations are ongoing, there are numerous anticipated effects on both imports and exports from this perspective. Data from the Global Trade Research Initiativ... Read more

India at Crossroads: Seizing the cotton boom or facing a bubble burst?

India at Crossroads: Seizing the cotton boom or facing a bubble burst?

  With cotton prices soaring to unprecedented heights globally, India stands at a pivotal juncture. The surge in international markets presents an opportunity for export growth, yet it also poses significant risks to the domestic textile industry's sustainability. This conundrum creates a complex landscape fo... Read more

Apparel Exports to the US: A paradigm shift in the making

Apparel Exports to the US: A paradigm shift in the making

  The apparel industry, like many others, is experiencing a paradigm shift in its export dynamics to the US. Driven by factors like rising costs in traditional hubs, changing consumer preferences, and geopolitical tensions there is a shift towards new players and product categories. This shift is driven by ma... Read more

The Fabric of Trade: Chinese imports loom large over India's textile i…

The Fabric of Trade: Chinese imports loom large over India's textile industry

  The influx of Chinese fabrics into India has become a contentious issue, raising concerns about unfair competition, job losses, and the fate of the domestic textile industry. This influx raises concerns about legality and the future of domestic manufacturers. The issue is fairly complex. Policy tailwinds f... Read more

Turkish Textile & Apparel Industry: Navigating challenges and embr…

Turkish Textile & Apparel Industry: Navigating challenges and embracing opportunities in 2024

  Despite a tough 2023, marked by declining exports and shrinking employment, Turkish textile and apparel industry remains cautiously optimistic for 2024. While acknowledging ongoing challenges like high inflation, increasing production costs, and slow European market, industry leaders point out to strategic ... Read more

China-Pakistan FTA spurs textile trade, reshaping Asian dynamics

China-Pakistan FTA spurs textile trade, reshaping Asian dynamics

  The China-Pakistan Free Trade Agreement (FTA), implemented in 2020, has become a game-changer for both nations, particularly in the textile, apparel, and fashion industries. Bilateral trade has soared, with data highlighting significant growth in both imports and exports especially in textiles and apparel s... Read more

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Cambodia’s T&A exports drop to $11.1 billion in 2023

  Cambodia's textiles and apparel (T&A) exports declined by 13.3 per cent to $11.1 ... Read more

Chinese fashion icons team up with Canopy for forest protection

  In a significant move to mark the Lunar New Year, three prominent Chinese fashion con... Read more

Comprehensive prosperity index for China’s textile industry grows in 2023

  Rebounding notably, the comprehensive prosperity index for the China’s textile ... Read more

Global technical textile market to grow at 5.7% till 2032

  Growing at a CAGR of 5.7 per cent, the global technical textile market is poised to r... Read more

Establish MIP for fabric imported from China, urge textile leaders

  India’s textile leaders are urging the Central Government to establish a minimu... Read more

China’s cotton yarn imports from Pakistan surge 46.7 % in 2023: CCCT

  In 2023, China’s cotton yarn imports from Pakistan surged by 46.7 per cent to a... Read more

ICAC: 2023 CSITC continues decade of improvement

  The International Cotton Advisory Committee's (ICAC) Task Force on Commercial Standar... Read more

Lindstrom India introduces recycled polyester workwear

  Lindstrom India, a key player in textile rental services and a subsidiary of Lindstr&... Read more

Global yoga clothing market to reach $70,291.0 million by 2030: Report

   The global yoga clothing market is poised to reach $70,291.0 million by 2030, e... Read more

India records 11% surge in RMG exports in January 2023

   In January, India witnessed an 11 per cent surge in its RMG exports to $11.57 b... Read more

Turkey’s nonwoven fabric exports decline by 84.1% in December 2023

  In December 2023, Turkey’s exports of nonwoven fabrics decreased by 84.1 per ce... Read more

India’s cotton output to remain at 294.10 bales in 2023-24 season: CAI

  Affirming its projections, the Cotton Association of India (CAI) in January 2024, mai... Read more

Global plus size market to reach $696,712.1 million by 2027: Report

  Valued at $480,991.8 million in 2019, the global plus size clothing market is project... Read more

Flipkart’s BBD boosts international sales for Walmart during Q4 FY24

  Propelled by Flipkart’s stellar performance during its annual Big Billion Days ... Read more

Mixed fortunes for Bangladesh as exports of knitwear rise, woven apparels d…

  Bangladesh's textile industry is experiencing mixed fortunes, with knitwear exports e... Read more

Philippine garment industry faces challenging year ahead as revenues remain…

  The Philippine garment industry faces a challenging year ahead, with revenues expecte... Read more

Spinnova's sustainable innovation shines at New York Fashion Week

  Spinnova, the sustainable textile material company, made a striking return to the pre... Read more

Cotton import duty slashed in India to boost exports

  Effective February 20th, 2024, the Indian government eliminated import duties and AID... Read more

Mexico retains top position despite 22% dip in wool imports from Argentina

  Despite a 22 per cent decline in imports from July to December 2023 compared to the s... Read more

Global digital printing market to grow to $8.8 billion by 2034

  Driven by a surge in demand for personalised products, rapid technological advancemen... Read more

SIMA applauds textile focused policies in Tamil Nadu budget

  Tamil Nadu, long a powerhouse in India's textile industry, has faced challenges maint... Read more

Italian textile machinery orders remain stable in Q4 2023

  The latest report from the Economics Department of ACIMIT reveals a stable performanc... Read more

Pakistan reports 10.10% rise in T&C exports in January 2024

  Pakistan’s textile and clothing (T&C) exports grew for the second consecuti... Read more

India’s textile exports decline by 1.18% in January 2024: CITI

  In January 2024, India’s textiles exports declined by-1.18 per cent compared to... Read more

Sympatex unveils sustainable footwear technologies at Lineapelle Milan 2024

  Sympatex, the forefront supplier of sustainable high-tech functional materials, is se... Read more

Lenzing Group updates climate targets to align with Paris Agreement

  The Lenzing Group, a prominent global producer of regenerated cellulosic fibers, has ... Read more

European apparel exports to the US shine amid global downturn

  In 2023, US’ total apparel imports plummeted by 22 per cent to reach $77.8 bill... Read more

GTIL reinforces industry leadership with acquisition of Globe Denwash

  Globe Textiles India Limited (GTIL), a prominent figure in the textile sector known f... Read more

Brazil retains position as world’s second largest cotton exporter in 2023

  Despite a 10 per cent drop in exports compared to 2022, Brazil managed to retain its ... Read more

Women’s hosiery exports from Turkey fall by 5.8% in November

  Marking a second consecutive month of decline, export of women's hosiery  items ... Read more

Bangladesh reports 25% decline in apparel exports to the US in 2023: OTEXA

  Global economic slowdown combined with local production hurdles led to over 25 per ce... Read more

Canifa's app conversion jumps 54 per cent with CleverTap

  Leading Vietnamese fashion brand, Canifa, has seen a remarkable 54 per cent jump in a... Read more

SP Apparels diversifies portfolio with acquisition of young brand apparel

  SP Apparels (SPAL), a prominent player in the apparel manufacturing and export indust... Read more

ITMF survey: Positive outlook emerges for global textile industry

  In January 2024, the latest ITMF Global Textile Industry Survey (GTIS) revealed a not... Read more

Textile machinery sales in Bangladesh to rebound in 2024

  After a challenging 2023 due to global economic slowdown, textile machinery sales in ... Read more

Teejay Lanka records remarkable profit growth

  Teejay Lanka PLC has increased with impressive financial performance in the third qua... Read more

Turkish apparel aims for $40B exports in EU & US

  At a summit uniting Turkish apparel manufacturers, global brands, and purchasing grou... Read more

Eco fibers market to boom, reaching $108.6 billion by 2032

  Eco fibers are taking the textile world by storm, with the market projected to reach ... Read more

Cotton candy prices bounce back despite consumption woes

  Cotton candy prices saw a sweet gain of 0.76% today, settling at 55,660. This rebound... Read more

Hyosung leads the denim industry's sustainable charge

  Hyosung, anticipating the denim industry's shift towards agile sourcing and sustainab... Read more

Bangladesh garment industry faces mixed fortunes in H1FY’24

  A vital engine of its economy, the Bangladesh garment industry faced mixed fortunes i... Read more

Bangladesh's Garment Exports: Mixed Fortunes in a Season of Change

  The first half of Bangladesh's current fiscal year saw the garment export industry na... Read more

Fashion for Good expands Circularity Sorting in Europe for rewearable texti…

  Fashion for Good, a global initiative for sustainable fashion, is amplifying its Sort... Read more

Global polyester fiber market to reach $151.6 billion by 2028: Report

  Growing at a CAGR of 8.2 per cent from 2023-2028, the global polyester fiber market i... Read more

Cambodia's Garment Industry: Facing headwinds but hope on the horizon

  Cambodia's garment and clothing accessory exports faced a tough year in 2023, droppin... Read more

Brazil poised to overtake US as world's top cotton exporter

  Brazilian cotton is on a bullish run, threatening to dethrone the US as the world's l... Read more

Textile Fibers Weave Growth Despite Turmoil: Market boom forecast in new re…

  While global uncertainties loom, the textile fiber industry shows surprising resilien... Read more

Global smart clothing market to grow at 32.3% CAGR till 2030: Report

  Spurred by the growing integration of electronic devices into clothing, the global e-... Read more

Viet Nam’s textile exports to rise by 9% in 2024: VITAS

  Troung Van Cam, Chairman, Vietnam Textile and Apparel Association (VITAS), says, Viet... Read more

Philippines textile and wearables exports surge by 9% in October 2023: Conw…

  Philippines’ exports of textile and wearables surged by 9 per cent to $141.5 mi... Read more

USDA’s cotton yield estimates drop to 845 pounds per acre in 2023

  This year, drought and prolonged heat took a toll on US cotton yields as production d... Read more