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 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
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
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
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 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
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
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 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
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
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