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The curious case of Vietnam's trade surplus with US and a delicate bal…

The curious case of Vietnam's trade surplus with US and a delicate balance with China

  Over the years, Vietnam has emerged as a major trading partner for the United States, but a closer look reveals a fascinating twist. The Southeast Asian nation's impressive trade surplus with the US is intricately linked to its import-heavy relationship with China. US surplus backed by China World Bank st... Read more

Textile imports from India to Bangladesh on a downward trend

Textile imports from India to Bangladesh on a downward trend

  Bangladesh, a global leader in apparel exports, has traditionally relied heavily on textile imports, particularly from India. However, recent data suggests there has been a significant decline in textile imports like fibres, yarns, and fabrics, particularly from India, in recent years. This trend raises con... Read more

Global apparel industry slumps in March 2024, import-export fall amids…

Global apparel industry slumps in March 2024, import-export fall amidst low consumer confidence

  The global apparel industry witnessed a significant slowdown in March 2024, with both import and export figures dropping across major markets reveals Wazir Advisors May 2024 report, ‘Apparel trade scenario in key global markets and India’. This trend aligns with declining retailer inventory leve... Read more

China reclaims top spot as India's trading partner its impact on texti…

China reclaims top spot as India's trading partner its impact on textiles, apparel sector

  China has regained its position as India's largest trading partner in fiscal year 2023-24, edging out the US by a narrow margin, as per Global Trade Research Initiative (GTRI) statistics. This shift has significant implications for the textiles, apparel, and fashion sectors in all three countries. China pr... Read more

Fast Fashion's Frenzy: A race against time and the environment

Fast Fashion's Frenzy: A race against time and the environment

  The fashion industry is in a whirlwind. Fast fashion, with its trendy clothes at rock-bottom prices, continues to dominate the market, projected to reach a staggering $291.1 billion by 2032 at a CAGR of 10.7 per cent. However, a growing shadow looms – the environmental cost of this relentless trend. ... Read more

DTY takes center stage, a shift in the global nylon filament yarn mark…

DTY takes center stage, a shift in the global nylon filament yarn market

  The traditional peak season of 2024 for the nylon filament yarn (NFY) market has brought a surprising twist. Unlike last year, where Fully Drawn Yarn (FDY) reigned supreme, Textured Yarn (DTY) has emerged as the hot commodity. This shift can be attributed to a combination of factors impacting global supply ... Read more

Indian Textiles: Weaving a path to $100 bn exports by 2030

Indian Textiles: Weaving a path to $100 bn exports by 2030

  The Indian textile industry, a cornerstone of the nation's economy, has set its sights on an ambitious goal: achieving $100 billion in exports by 2030. This target marks a significant leap from the current figures. According to the Directorate General of Commercial Intelligence and Statistics (DGCIS), India... Read more

Global apparel market poised for growth with APAC leading the charge

Global apparel market poised for growth with APAC leading the charge

  The global apparel industry is thriving, with market size estimated at $1.36 trillion in 2024 as per Mordor Intelligence. This positive trend is expected to continue, with various reports projecting a healthy Compound Annual Growth Rate (CAGR) in coming years. Various studies have estimated the market size... Read more

US home textile imports see upward trend in Q1 2024, but caution remai…

US home textile imports see upward trend in Q1 2024, but caution remains

  US home textiles imports the first quarter of 2024 showed signs of a rebound, sparking cautious optimism in the industry. However, lingering questions about long-term trends and country-specific variations paint a complex picture. Shifting import trends Compared to the lackluster performance in Q1 2023, t... Read more

India's cotton fabrics & made-ups export presents a mixed bag

India's cotton fabrics & made-ups export presents a mixed bag

  While India remains a global leader in cotton production, its exports of cotton fabrics and made-ups (excluding yarn) painted a mixed picture in FY23 compared to previous years. Value wise cotton fabrics & made-ups exports reached $ 6.81 billion in FY23, a slight decline from previous years. The slight... Read more

AAFA slams continued tariffs on apparel and footwear, citing burden on…

AAFA slams continued tariffs on apparel and footwear, citing burden on consumers and businesses

  China “cheats” and “we won’t let it flood our market,” said US president Joe Biden on May 14, to justify quadrupling customs duties on Chinese electric vehicles, imposed alongside tariff rises on other goods. Among them, a wide range of textile and apparel products, a cause of ... Read more

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Australians surpass Americas with purchase of 56 clothing items annually: R…

  As per a recent research by the Australia Institute, Australians purchase more clothe... Read more

UK’s flax fabric exports remain steady in 2023

  In 2023, the volume of flax fabric exports by the UK remained steady at 805, 000 sq m... Read more

Indonesia’s Industry Ministry expresses concerns over rising TPT imports

  Ministry of Industry (Kemenperin) has expressed concerns regarding the influx of impo... Read more

Global kidswear market to reach $286.9 billion in value by 2032: Report

  Valued at $194.1 billion in 2022, the global kidswear market is projected to grow at ... Read more

Fashion industry in Saudi Arabia to grow at 48% CAGR from 2021-25

  The fashion industry in the Kingdom of Saudi Arabia is poised to grow at a CAGR of 48... Read more

Wool yarn shipments by Poland decline by 2.3 % in 2023

  In 2023, after two years of growth, overseas shipments of wool yarn by Poland decline... Read more

Africa’s cotton industry to grow to $7.7 billion by 2029: Report

  From $6 billion in 2024, Africa's cotton industry is projected to grow to $7.7 billio... Read more

Western wear market in India to reach $6,041.8 million by 2032: Report

  Valued at $2,586.5 million in 2021, the western wear market in India is projected to ... Read more

Burkina Faso to boost cottonseed production by 55% in 2024-25

  For the 2024-25 season, the government of Burkina Faso aims to boost cottonseed produ... Read more

Cambodia’s GFT exports increase by 17% from Jan-Apr’24: Report

  Cambodia's export of garment, footwear, and travel products (GFT) reached $3,763 mill... Read more

Pakistan’s textile exports reach $13.68 billion during Jul-Apr’23-24: PBS

  Maintaining a robust trajectory, Pakistan’s textile exports reached $13.68 bill... Read more

Teejay Lanka's Q4 profit jump brightens outlook

  Teejay Lanka PLC, Sri Lanka's pioneering multinational textile manufacturer, reported... Read more

Fast fashion market to reach $291.1 billion by 2032: Report

  The fast fashion market is experiencing significant growth, driven by consumers' desi... Read more

Global athleisure market to grow to $3.2 billion by 2032

  Currently worth $2 billion, the global athleisure market is projected to reach $3.2 b... 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