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Premier Turkish denim manufacturer, Calik Denim plans to launch it new Royal Denim collection at the upcoming Premiere Vision trade show in Paris from July 2-4, 2024. This new luxury denim capsule is designed for creating elegant yet stylish garments.
Inspired by tailored apparel, the Royal Denim collection features clean image indigo denims that resist fading better than traditional denim. The weft yarns in these fabrics ensure minimal shrinkage, ranging from zero to three percent, making them ideal for ‘cut-sew-wear’ clothing, suitable for both ready-to-wear and bespoke apparel such as distinctive suits, pants, and blazers.
The fabrics are primarily made from cotton, enhanced with up to 10 per cent of precious fibers like cashmere, silk, linen, and organic cotton, adding value and meeting the standards of smart apparel. Additionally, these fabrics include a small percentage of stretch fiber, ensuring that classic tension points like shoulders, elbows, and knees accommodate the wearer's movements for maximum comfort.
In May this year, China’s exports of polyester productsimproved marginally with all products increasing month-on-month. Year-on-year, non-fiber products such as bottle-grade PET still performed best, while filament continued to be the main drag.
According to customs data, the total export volume of polyester products by China in May increased by 174,000 tons Y-o-Y and 75,000 tons M-o-M showing significant improvement compared to the previous month.
From January to May, the total export volume of polyester increased by 359,000 tons Y-o-Y to 5.024 million tons. Due to the decline in filament exports, the year-on-year increment in polyester exports this year remains relatively low compared to the same period in previous years.
In May, filament exports increased month-on-month but continued to decline year-on-year. From January to May, filament exports decreased by 131,000 tons Y-o-Y
During the month, China’s export of polyester filament yarn to India decreased by 62,000 tons Y-o-Y while increasing by 4,000 tons M-o-M to 12,000 tons. China's polyester filament exports to other countries were 326,000 tons, a Y-o-Y increase of 36,000 tons and aM-o-M increase of 14,000 tons.
Among the main destination countries, the five countries with the most significant year-on-year increment in May were Pakistan and Vietnam, while from January to May, Vietnam and Russia showed the largest contributions.
Since the end of last year, bottle-grade PET exports have started to increase significantly and have maintained a good order-taking trend since then. In April and May, sea freight shipments slowed down due to container shortages, but the year-on-year increment for bottle-grade PET remained significant compared to other products.
The term ‘Global South’ encompasses a diverse array of developing countries, primarily in Africa, Asia, and Latin America. Traditionally viewed as reliant on raw material exports and basic manufacturing, the economic landscape of the Global South is undergoing a significant transformation.
A shifting landscape
The global south's contribution to global GDP is undeniable. According to the World Bank, in 2023, their share reached 38 per cent, with projections indicating it will surpass the global north by 2030. This trend is projected to continue, with some estimates suggesting that by 2030, three of the four largest economies will be from the global south – China and India leading the charge. This growth is attributed to various factors, including industrialization. Countries like China, India, and Vietnam have become manufacturing powerhouses, attracting foreign investment and generating significant export revenue. Moreover, a youthful population fuels a large workforce, contributing to economic activity.
Major players in the global south
Within the global south, several countries are emerging as major players in the fashion and textiles industry. Here are a few key examples:
China: A powerhouse in garment manufacturing, China is the world's largest exporter of textiles and apparel, accounting for over 30 per cent of the global market share. China's economic influence in the Global South cannot be understated. "China's Belt and Road Initiative (BRI) is a major driver of investment in infrastructure and manufacturing across the developing world," explains Yu Yongding, Senior Research Fellow at the Academy of Macroeconomic Research at Peking University. This initiative has resulted in infrastructure development in many developing countries, facilitating trade and economic growth.
Bangladesh: A rising star, Bangladesh has experienced rapid growth in its garment industry, capitalizing on competitive labor costs and a skilled workforce. In 2022, the garment sector contributed over 80 per cent of Bangladesh's total exports.
India: With a rich textile heritage and a growing domestic market, India is a major player in both apparel production and consumption. The Indian textile and apparel industry is expected to reach $300 billion by 2025.
Vietnam's rise in fashion
Vietnam exemplifies the growing importance of the global south in the fashion industry. As a result of trade agreements, investment in infrastructure and a focus on skill development, Vietnam has seen a dramatic rise in its garment exports. The 2023 McKinsey & Company ‘The State of Fashion 2023’ report highlights Vietnam's impressive growth: "Vietnam's apparel exports grew by 19 per cent in 2021, compared with a global average of 12 percent." This growth can be attributed to factors such as shifting trade dynamics. The ongoing trade war between the US and China has led some fashion brands to diversify their sourcing, creating opportunities for Vietnam. And favorable government policies implemented to promote foreign investment and export-oriented industries.
|
Country |
Share of global textile and apparel exports (approx.) |
|
China |
30% |
|
Bangladesh |
8% |
|
Vietnam |
5% |
|
India |
4% |
Challenges and opportunities
The global south's rise in the fashion industry presents both opportunities and challenges.
Challenges include labor concerns as ensuring fair wages and safe working conditions for garment workers remains a critical issue. Then there are issue around environmental impact as the fashion industry is a significant contributor to pollution. Sustainable practices need to be adopted.
In a positive way, embracing automation and digitalization can improve efficiency and productivity. Also moving beyond basic garment production to higher-value products can increase profit margins.
Indeed, the global south is no longer on the economic periphery. Its growing share in the global economy, particularly in the fashion/apparel/textiles sector, is undeniable. As these economies mature, they will undoubtedly play an even more significant role in shaping the future of the global fashion industry. However, navigating the challenges of fair labor practices, environmental sustainability, and economic diversification will be crucial for sustained success.
Denim, that iconic fabric synonymous with casual cool, continues to be a global fashion staple. But the trade winds that carry jeans around the world are shifting. While the global market for denim jeans is projected to reach a $95.2 billion by 2030 at CAGR of 5 per cent from $64.5 billion in 2022, the trade landscape is changing.
Global trade a balancing act
The global denim market is estimated to have reached $64.5 billion in 2022, and analysts project a healthy growth rate of 5 per cent to reach $95.2 billion by 2030. This growth is due to many factors like rising disposable incomes, particularly in developing economies, and a continued love for denim across demographics. However, the trade landscape is not without its challenges. Fluctuations in cotton prices, a key raw material, and rising concerns about sustainability can create ripples throughout the supply chain.
The past few years haven't been smooth sailing for denim trade. While recovering from the pandemic, the industry faces challenges like fluctuating cotton prices and inflation impacting consumer spending. Despite this, the online segment is expected to see a strong CAGR of 9.2 per cent due to the growing popularity of e-commerce.
Table: Global denim trade
|
Country |
Projected import/export growth (CAGR) |
|
Importers |
|
|
US |
5% |
|
Germany |
3.20% |
|
Japan |
6% |
|
Exporters |
|
|
Bangladesh |
12% |
|
Vietnam |
9% |
|
Egypt |
8% |
The US remains the denim import king, with a steady 5 per cent rise projected for the coming years. This can be attributed to their diverse consumer base and competitive global prices. Europe, particularly Germany (projected CAGR of 3.2 per cent), continues to be a major importer, valuing both functionality and style in their jeans. Their strategic partnerships with countries like Bangladesh and Egypt are expected to keep the German denim scene thriving Interestingly, Japan is projected to see a 6 per cent jump in imports. Their focus on high-quality, innovative jeans, often featuring sustainable features, is driving this growth. This trend is driven by a growing demand for high-performance jeans with unique washes and sustainable features, a niche that both Turkish and Japanese manufacturers are adept at filling.
Export powerhouses, weaving a global web
While the US and Europe remain denim consumption giants, Asia dominates the export scene. Bangladesh, the undisputed ‘denim king’ continues to reign supreme with a projected 12 per cent export growth pushed up by skilled labor, robust infrastructure, and favorable trade deals. Vietnam is making a powerful comeback, with a projected 9 per cent rise in exports thanks to government initiatives, automation investments, and a strategic shift towards high-end denim production. Egypt is a surprise contender, with a projected 8 per cent export jump driven by competitive pricing, a focus on sustainable practices, and partnerships with European labels.
A sustainable future for denim
While the traditional denim giants hold strong, there's a growing demand for sustainable practices. Consumers are increasingly looking for eco-friendly jeans, prompting manufacturers to explore recycled materials and water-saving production methods. This focus on sustainability could reshape the future of denim trade, potentially favoring countries that prioritize these practices. Countries like Egypt, with its focus on eco-conscious production, are well-positioned to capitalize on this shift.
The global denim trade is poised for continued growth, with a projected CAGR of 5 per cent. While traditional powerhouses like the US and Europe will remain key import destinations, Asia is expected to maintain its dominance in exports. Emerging players like Vietnam and Egypt are expected to challenge the established guard, driven by factors like automation, innovation, and a focus on sustainability. As consumer preferences evolve, the industry is likely to witness a shift towards eco-friendly production practices, ensuring a future where denim remains not just fashionable but also responsible.
Overtaking the United States, Brazil is poised to become the world's largest cotton exporter for the 2023/24 season. This shift follows an over 80 per cent increase in Brazilian cotton shipments this season, according to the local exporters' association Anea.
Brazil’s cotton exports are likely to rise further next season, as farmers harvest a potentially record-breaking crop, with further increases expected in 2025-26, opines Miguel Faus, Head, Anea.
He referred to data from the US Department of Agriculture (USDA), which recently raised its forecast for Brazil's cotton exports this year by 300,000 bales to 12.4 million bales, while reducing the US forecast by 500,000 bales to 11.8 million.
Verified by Reuters, a USDA report highlights, Brazil already surpassed the US in terms of cotton production in 2023/24, ranking third globally behind China and India and is expected to maintain its position in 2024/25.
Some of the largest buyers of Brazilian cotton include China, Vietnam, Bangladesh, Turkey, and Pakistan.
The newly introduced brand, Authentico by the Schneider Group promises a completely transparent, verified, traceable, ethical, and high-quality wool supply chain, from farm to garment.
Aspiring to be globally recognised, the brand allows the fashion industry and end-consumers to choose fully traceable premium quality wool. The brand operates within the Schneider Group's globally certified network and adheres to a meticulously structured approach that verifies, traces, and brands every stage of the sourcing and manufacturing processes throughout the supply chain.
The Schneider Group has also developed the ‘Authentico Verification System,’ to provide criteria and guidelines for all supply chain partners. This system includes the ‘Authentico Integrity Scheme,’ which promotes best practices for wool growers at the farm level. Animal welfare is a core component of this scheme, emphasisingmulesing-free practices and adhering to the five domains of animal welfare. The scheme also covers land and pasture management as well as social responsibility. Wool is sourced from carefully selected and dedicated growers who subscribe to the “Authentico” platform. The selected fibers are processed in Schneider Group’s own certified mills across several continents.
The verification system also includes the ‘Authentico Brand Guidelines’ for other supply chain players, including spinners, weavers, knitters, garment makers, brands, and retailers. These guidelines set precise criteria to ensure alignment with ‘Authentico’ brand values.
Additionally, the Schneider Group has integrated the innovative traceability platform ‘TextileGenesis’ into its ‘Authentico Verification System’ to digitally track all wool transactions.
Laura Ros, CEO, Schneider Group, observes, through these initiatives the group aims to reinforce its customers’ confidence in the company’s sustainability and traceability initiatives not only on farms but also at the industrial level.
A key player in the textile manufacturing industry for 34 years, MuthurMurugan Mills has integrated Saurer’s advanced Z 72XL ring spinning machine into their Coimbatore mill. Saurer has introduced an intelligent ring spinning solution at the renowned ring spinning mill in Coimbatore, India. This solution is designed to adapt to the specific needs of the mill, ensuring optimal performance.
Aligned with Saurer’s E³ philosophy, the Z 72XL ring spinning machine is tailored to meet individual needs. It features modular equipment with customisable drafting system drives, a flexible fancy yarn system, and other advanced technologies.
The machine boasts powerful, economical drive technology, low energy costs through Twinsuction and Optisuction, and energy monitoring for cost transparency. It delivers high speed, low yarn break rates, and maximum productivity for both commodity and specialist applications. Easyspin ensures simple and intuitive operation, and Spinnfinity eliminates the need for wharve cleaning, enhancing automation.
The Z 72XL offers doffing times of less than two minutes and can save up to 60 per cent energy on suction. It requires minimal handling and maintenance.
S JVijayavelu, Executive Director, MuthurMurugan Mills,remarks, since acquiring the Saurer ring frame, the quality of products offered by MuthurMurugan Mils has significantly improved, attracting more customer bookings. The machine delivers outstanding quality.
Better Cotton, the leading cotton sustainability initiative, announced its 2024 Member Award winners today. The awards, presented by CEO Alan McClay and Senior Director Eva Benavidez Clayton, honored members for their outstanding contributions to the cotton industry.
The awards took place aboard a Bosphorus dinner cruise in Istanbul, Turkiye, during the Better Cotton Conference, attended by over 200 industry leaders.
Alan McClay emphasized the privilege of hosting the awards and highlighted the pivotal role of partner dedication in driving transformative change within the cotton sector. Recognizing progress as Better Cotton expands is essential.
The Top Contributor Award recognized organizations with the highest uptake of Better Cotton relative to their use of the material. Walmart received the award in the large to very large member category, while John Lewis Partnership was honored in the very small to medium category. The Sourcing Award acknowledged those who processed the highest volume of Better Cotton. Cargill Commodities topped the cotton trader category, and VicunhaTêxtil led in the intermediary category.
The Impact Storyteller Award was given to the Cotton Egypt Association for featuring a compelling story about sustainable cotton production in the Nile Delta, which generated significant interest on the Better Cotton website.
CABI received the Innovators Award for its work in Pakistan, including the creation of a national organic agriculture policy that is currently under review by the Ministry of Food Security and Research. This policy aims to strengthen and build bridges between stakeholders promoting sustainability.
Finally, the Outstanding Contribution Award went to İyiPamukUygulamalarıDerneği (IPUD) for its implementation of Better Cotton’s activities in Turkiye since 2013.
The awards ceremony took place during a dinner cruise on the Bosphorus, part of the Better Cotton Conference in Istanbul, Turkiye. The two-day conference gathered over 200 industry representatives to discuss accelerating impact at the field level.
The upcoming ITMF and IAF annual conferences in Samarkand, Uzbekistan, promise to unveil the latest advancements in the textile-apparel industry. This joint effort by the International Textile Manufacturers Federation (ITMF) and the International Apparel Federation (IAF) will provide a comprehensive view of the entire supply chain, emphasizing the importance of collaboration to address current challenges.
A highlight of the event will be a session featuring Inditex, Epic Group, and the International Finance Corporation (IFC) discussing decarbonization. This panel will illustrate how cooperative strategies can drive substantial environmental progress within the industry.
Additionally, a global regulation session will feature representatives from the American Apparel & Footwear Association (AAFA), the China National Textile & Apparel Council (CNTAC), the European Textile & Apparel Industry Federation (EURATEX), and the Japan Textile Federation (JTF). They will outline forthcoming regulatory changes in their respective regions, reflecting the increasing demand for significant environmental and social improvements.
The conference will also cover topics such as fibers, digitalization, and artificial intelligence, drawing industry leaders worldwide to the rapidly growing textile hub of Samarkand. This event is set to be a pivotal gathering for global textile and apparel supply chain leaders.
Coats Digital's innovative fabric solution, FastReactFabric, has been shortlisted for nine categories in the prestigious 2024 SaaS Awards. The SaaS Awards, encompassing 56 categories, honorpioneering software-as-a-service solutions across various sectors globally.
KunalKapur, Managing Director of Coats Digital, conveyed deep pride in the recognition, emphasizing that being nominated for nine awards underscores their team's dedication and Coats Digital's innovative spirit. He noted that FastReactFabric embodies their mission to empower fashion manufacturers by reducing fabric waste and enhancing profitability. Kapur found the acknowledgment alongside other leading companies particularly gratifying.
FastReactFabric is competing in the following categories: Bespoke SaaS Solution of the Year, Best Data Innovation in a SaaS Product, Most Agile/Responsive SaaS Solution of the Year, Best SaaS Product for CSR, Sustainability & ESG, Best Data-Driven SaaS Product, Best SaaS Product for ERP/MRP, Best SaaS for Business Management, Best SaaS Product for Business Intelligence/Analytics, and Best SaaS Product for Engineering Management, PLM or CAD.
The solution offers a comprehensive, closed-loop feedback system between buying and cutting operations, ensuring efficient and sustainable fabric use for fashion manufacturers.
James Williams, CEO of The Cloud Awards, praised the impressive caliber of this year's entries, emphasizing that making it to the 2024 shortlist signifies a remarkable achievement. He acknowledged the diversity and quality of innovations submitted, extending congratulations to all shortlisted companies as they advance to the next round of judging.
Finalists will be announced on July 22, 2024, with winners revealed in August 2024.
