The latest India Brand Equity Foundation (IBEF) report forecasts, India’s textile dyes market will grow to $8 billion by 2031. Most of the growth will be stimulated by rapidly evolving fashion trends encouraging manufacturers to experiment with new color combinations and designs. The market wi... Read more
Traditionally, a major cotton exporter, India, for the first time is importing cotton yarn to guarantee uninterrupted supply to weavers and textile mills. Traders are selling imported cotton yarn at Rs 30 per kg lesser than the price of the local yarn, adding further pressure on dwindling profit margins. ... Read more
Net data from China Customs shows, China reduced its spandex imports 20.7 per cent to 7,140 tons from January-April’22 while exports declined only 9.5 per cent to 29.6000 tons from January-April’22. China’s net exports declined 5.1 per cent on annual basis and continued to fall month by ... Read more
Turkiye’s textiles and raw materials exports increased 12.4 per cent to $4.6 billion during January-April 2022 compared to the same period of previous year. As per a Textile Intelligence report, exports of textiles and raw materials surged 13.7 per cent to $1.2 billion in April 2022 compared t... Read more
A massive work order from global fashion brands and buyers led to Bangladesh’s RMG exports rising 33.81 per cent to $31.43 billion during the July-March FY2021-22 period.Though the textile and garment sector in the country is witnessing an excellent flow of orders, supply gain glitches, constant pow... Read more
India’s textile industry saw phenomenal sales and EBITDA growth in FY22 over pre-COVID levels, shows latest Wazir Textile Index compiled by Wazir Advisors for the year FY22. The index based on the analysis of 10 companies highlights, overall grew by 18 per cent Y-o-Y since 2020. Welspun India record... Read more
Producing one meter of woven fabric from cotton 1-1/8" in a continuous open width process (COW) costed $1.36 /metre on average in 2021. Cost was highest at $1.91/metre in Italy and lowest in India at $1.11/metre, reveals latest edition of International Production Cost Comparison (IPCC) from Internat... Read more
This latest edition of Cotton This Month shows, a decrease in the size of cotton crop in top cotton producing countries like India, Argentina and South Africa that has resulted in consumption outpacing production in the 2021-22 season.
Consumption to exceed production by 265,000 tons
Yield of smaller-th... Read more
A strong pillar of its economy in the past, Nigeria’s textile industry is currently on the brink, having shrunk from 175 firms in 1985 to less than 20 in 2022. The sector’s employment has declined from 137,000 jobs in 1996 to less than 20,000 now. Nigeria’s textiles exports suffere... Read more
To maintain its competitiveness, China's textile and apparel sector plans to develop innovative fibers and focus on sustainable production while expanding its reach to markets covering the regions included in the Regional Comprehensive Economic Partnership agreement.
China’s textile and garme... Read more
Italian premium denim manufacturer Candiani and specialized manufacturer of cellulosic fibers, the Lenzing Group have collaborated to sensitize consumers and industry leaders on the growing need to be sustainable and adopt fabrics made from alternative fibers like hemp. As per a Spin Off report, the colla... Read more
Sri Lanka’s textile and apparel sector may face serious consequences if policy makers fail to introduce new reforms to accelerate its growth, warns the Joint Apparel Association Forum (JAAF). Sri Lanka’s textile and garment exports increased 10.8 per cent in the first quarter of 2021 to $1.5 b... Read more
With the former Soviet republics altering ties with Russia, it has become imperative for Central Asian states to find alternative markets for their products to shield their economies from Russia’s impending economic collapse. Only a more economically prosperous Uzbekistan can help protect Cent... Read more