Bangladesh shifts cotton sourcing from India to Africa, as it impact g…
Bangladesh, the world's second-largest garment exporter after China, is undergoing a significant shift in its cotton import strategy. Traditionally, India was the primary source of cotton. However, in recent years, African countries have emerged as the dominant supplier. This trend has major implications fo... Read more
Global Apparel Trade Slowdown: Waning consumer demand paints bleak eco…
Wazir Advisors April 2024 report on global apparel trade paints a worrying picture, with major markets like the US, EU, and UK experiencing a significant drop in apparel imports. This, coupled with concerning retail trends and a dip in consumer confidence, suggests a potential economic slowdown on the horiz... Read more
China's fabric exports to India shrink with rising domestic demand
While China remains the world's leading textile producer, its grip on India's fabric import market appears to be loosening. Data from the Directorate General of Commercial Intelligence and Statistics (DGCI&S) shows a shift in recent years. India's fabric imports from China peaked at $6.4 billion in 2022... Read more
Levi's makes big bet on DTC sales, embraces baggy denim trend
Levi Strauss & Co. (Levi's) is experiencing a positive shift in its business strategy, with a strong focus on direct-to-consumer (DTC) sales leading to a 7 per cent increase in after-hours trading and an 11 per cent rise in pre-market trading on Thursday. This success is attributed to a significan... Read more
China's apparel and textile industry defies expectations with Q1 growt…
China's economic performance in the first quarter of 2024 surprised many exceeding expectations with a 5.3 per cent GDP growth. This increase was driven in large part by the robust performance of apparel and textile industry, a sector experiencing unexpected strength in both exports and domestic markets. T... Read more
US retail sales on the rise, but fashion sector growth murky
American consumers are opening their wallets again, with retail sales experiencing a modest uptick in recent months. According to the US Census Bureau, sales rose 0.7 per cent in March 2024 compared to February, and are up 4.0 per ent year-over-year. However, the picture within the fashion sector is less c... Read more
The Fast Fashion Conundrum: Profits soaring, sustainability stalling
The story of Shein's soaring profits in 2023 presents a fascinating paradox. While a growing number of consumers, particularly millennials and Gen Z, express a desire for sustainable clothing, fast fashion giants like Shein are experiencing tremendous financial success. This raises several key questions. E... Read more
Fabric Stock Services: A rising trend but not a replacement
The fashion industry is notorious for waste. Unsold garments and excess fabric often end up in landfills. Fabric stock services are emerging as a potential solution, offering a platform for manufacturers and designers to buy and sell leftover materials. But is this a new trend poised to dominate, or a niche... Read more
Asian Apparel Exports: A tale of four tigers, one lagging behind
The apparel industry in Asia presents a fascinating picture of contrasting fortunes. While Bangladesh, Vietnam, and Sri Lanka have seen their garment exports soar in recent years, India, a traditional powerhouse in textiles, struggles to keep pace. This analysis delves into the reasons behind this dis... Read more
Chinese Polyester Exports on Shaky Ground: Boom or bust for global mar…
Polyester product exports from China, a major global supplier, have dipped in the first two months of 2024, raising concerns about the industry's health. According to customs data, total exports reached nearly 1.803 million tons, down 18,000 tons year-on-year. This decline is primarily driven by significant... Read more
FY25 outlook brightens for Indian textiles sector: Systematix
In a recent panel discussion organized by Crisil, titled 'Upstream textiles sector: Threads of promise', industry experts provided insights into the outlook for the cotton yarn and polyester yarn segments of the upstream textiles industry for the fiscal year 2025 (FY25). Crisil anticipates moderate revenue ... Read more
India's cotton stocks plummet 31% to decades-low
India's cotton stocks are set to plummet by almost 31 per cent in the 2023/24 period,... Read more
Welspun Living reports 16% rise in Q4 net profit
Indian textile giant Welspun Living has announced a significant 16 per cent rise in c... Read more
Physical stores, still the preferred choice for apparel shopping: Survey
Despite a pandemic-driven online shopping surge, physical stores remain dominant, as ... Read more
India reigns supreme as world's largest cotton producer in 2024
India continues to dominate the global cotton market, reaffirming its position as the... Read more
Pakistan’s textile exports rise 3.56% Y-o-Y in Mar’24: SBP
Textile exports from Pakistan increased by 3.56 per cent Y-o-Y to $1.36 billion in Ma... Read more
Kenya plans $1 billion T&A exports by 2027: William Ruto, President
Kenya plans to expand textile and apparel (T&A) exports to $1 billion (Ksh 133 bi... Read more
Bangladesh records 8.5% M-o-M rise in apparel exports to EU during Feb’24: …
Bangladesh's apparel exports to the European Union market increased by 8.5 per cent M... Read more
China’s women’s hosiery exports rise 7.5% to 18 billion pairs in 2023
Increasing for seven consecutive years, China’s exports of socks, stockings and... Read more
Jack & Jones, Spinnova launch 2nd fiber product
In a pioneering stride towards sustainable fashion, Jack & Jones and Spinnova hav... Read more
India’s textile exports decline to $34.4 billion in fiscal 2023-24
India's textile exports declined by 16.3 per cent to $34.4 billion in the fiscal year... Read more
Brazil’s cotton cultivation areas to expand in 2023-24: CEPEA
According to recent estimates, Brazil’s cotton cultivation areas are set to exp... Read more
India’s cotton yarn, fabrics and made-ups exports grow 6.78% in Mar’24: TEX…
Exports of Cotton yarn, fabrics and made-ups from India increased by 6.78 per cent Y-... Read more
LVMH starts 2024 with 3% revenue growth in Q1
Luxury giant LVMH reported a solid start to 2024 with overall revenue growth of 3 per... Read more
US apparel imports increase 12.9 % in Feb’24: WTO
US apparel imports increased by 12.9 per cent increase in quantity and a 2.9 per cent... Read more
Global nonwoven fabric market to reach $86.2 billion by 2033
The global nonwoven fabric market is projected to grow at 6.1 per cent CAGR from 2023... Read more
China reports 14.3% Y-o-Y rise in T&A exports in first two months
China recorded a 14.3 per cent Y-o-Y rise in textile and apparel exports to $45.10 bi... Read more
Gildan CEO Vince Tyra outlines strategic priorities
Gildan Activewear Inc. announced today the unveiling of key strategic priorities by i... Read more
Hermes to surpass Louis Vuitton as top luxury brand in future: Citigroup In…
Hermes is likely to surpass LVMH's flagship brand Louis Vuitton as the luxury industr... Read more
China’s T&A exports rise to 45.1 billion during Jan-Feb’24
China’s textile and apparel (T&A) exports grew by 14.3 per cent to 45.1 bil... Read more
Cambodia’s global GFT exports rise by 20% to $2,941 million during Q1FY’24
In Q1 FY’24, Cambodia's export of garments, footwear, and travel products (GFTs... Read more
Global yoga clothing market to reach $70,291.0 million by 2030: Report
Set to witness substantial growth, the global yoga clothing market projected to grow ... Read more
Estimates for cotton crop production for 2023-24 seasons revised to 323.11 …
According to the latest update from the Committee on Cotton Production and Consumptio... Read more
Vietnam’s garment companies report significant rise in exports during Q1 FY…
Vietnamese garment companies including Saigon 3 and Garco 10 have reported significan... Read more
India's textile ambition: $600b exports by 2047
India is charting an ambitious trajectory in the textile sector, targeting a substant... Read more
Alchemie Technology launches digital dyeing hub in Taiwan
Alchemie Technology, a trailblazer in clean digital textile dyeing based in Cambridge... Read more
Cotton production in India to decline by 2% during 2024-25: USDA
India’s cotton production is likely to decline by 2 per cent to 25.4 million ba... Read more
Cotton Candy prices drop by 0.42%
The upward adjustments made by the Cotton Association of India (CAI) and Cotton Corpo... Read more
25th ITMF survey reveals textile industry findings
The latest ITMF Global Textile Industry Survey, conducted in March 2024, reveals a ca... Read more
Italian Textile Machinery dominates Techtextil Frankfurt
Frankfurt is set to host Techtextil, the premier global fair for technical and innova... Read more
India’s apparel exports revenues to recover by 8% in 8% in FY2025: ICRA
India’s apparel exports earnings are expected to recover by 8 per cent to Rs 28... Read more
RMG export earnings to falter in H2: Bangladesh Bank
Bangladesh’s RMG export earnings are expected falter in the second half of the ... Read more
Pakistan’s textile exports grow 3% Y-o-Y in March 2024: APTMA
For the fourth consecutive month, Pakistan's textile exports grew by 3 per cent Y-o-Y... Read more
Myanmar to cultivate over 600,000 acre of cotton in fiscal 2024-25: Report
Myanmar will cultivate more than 600,000 acre of cotton across six states and regions... Read more
ICAC: Cotton forecast signals optimism amid weather concerns
Anticipation is building for the 2024/25 cotton season, with initial projections from... Read more
Global home textile exports surge 9.9% Y-o-Y in Feb’24: EPB
Global home textile exports surged by 9.9 per cent Y-o-Y to $84.61 million in Feb&rsq... Read more
Global secondhand apparel market to expand at 12% CAGR by 2028: ThredUp
A recent report from ThredUp projects, the global secondhand apparel market will grow... Read more
Demand, Red Sea crisis impact India’s textile exports during Apr’23-Feb’24
From Apr’23-Feb’24, India recorded a decline in its textile exports, as p... Read more
TLTF to showcase A/W’25 collections from brands
From Apr’23-Feb’24, India recorded a decline in its textile exports, as p... Read more
India’s cotton exports rise as prices remain competitive
Attractive prices are boosting India’s cotton exports to global markets such as... Read more
Bangladesh registers notable increase in RMG exports to Europe during Jul-F…
Bangladesh’s RMG exports to key European nations increased notably during the p... Read more
Sri Lanka witnesses 0.19% rise in export earnings in Feb’24
Sri Lanka witnessed a 0.19 per cent Y-o-Y rise to $398 million in its export earnings... Read more
Textile exports decline 4.2% Y-o-Y during Apr ’23-Feb’24: Commerce Ministry
Textile exports from India declined by 4.2 per cent Y-o-Y in the initial 11 months of... Read more
Kenya opposes proposal seeking restrictions on export of used clothing from…
Teresia Wairimu Njenga, Chair, Mitumba Consortium Association of Kenya, has opposed a... Read more
Sri Lanka‘s apparel exports earnings grow by 0.19% in February
In February, Sri Lanka's apparel export earnings registered a marginal growth of 0.19... Read more
Bangladesh’s RMG exports to EU surge by 3.27% during July-Feb’24: EPB
Bangladesh’s RMG exports to the EU surged by 3.27 per cent to $16.23 billion du... Read more
Bangladesh RMG exports record marginal growth from Oct-Dec’24: Report
In the second quarter, spanning Oct-Dec‘24, Bangladesh's RMG sector exports rec... Read more
South Korea home textile market to grow at 5.35% CAGR till 2032: Report
The South Korean home textile market is poised for substantial growth, as outlined in... Read more
India’s textile exports surge by 19.54% Y-o-Y in Feb’24: CITI
In Feb 2024, India’s textile exports grew by 19.54 per cent Y-o-Y while apparel... Read more
CAI increases exports projections for the 2023-2024 season to 25 lakh bales
The Cotton Association of India (CAI) has increased its export projections for the cu... Read more
Apparel imports by EU member countries decline by 16.22% in 2023: Data
In 2023, the total clothing imports by EU member countries declined by 16.22 per cent... Read more
Bangladesh’s apparel exports to EU declines by 34% in January 2024: Eurosta…
In January 2024, apparel exports by Bangladesh to the European Union declined by near... Read more