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Texhibition Istanbul 2023 records impressive growth

Texhibition Istanbul 2023 records impressive growth

  The fourth edition of Texhibition Istanbul Fabric, Yarn, and Textile Accessories Fair, held at the Istanbul Expo Center from September 13 to 15, solidified its reputation as a global textile powerhouse. Since its debut in March 2022, Texhibition has rapidly ascended in the international trade fair scene. Th... Read more

Apparel export growth to be moderate and satisfactory: BGMEA

Apparel export growth to be moderate and satisfactory: BGMEA

  The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) in a report states, in fiscal year 2022-23, the readymade garment export contributed 84.5 per cent of Bangladesh’s total exports valued at nearly $47 billion. The report also published growth figures for Bangladesh’s major de... Read more

Severe heat, floods can lead to $65 bn losses by 2030 in Asian garment…

Severe heat, floods can lead to $65 bn losses by 2030 in Asian garment hubs: Study

  The impact of climate change is here and how.  Random flooding is commonplace and summer heat waves are the new normal. Analysis by Cornell University’s Global Labor Institute and Schroders, which has studied four important readymade garment manufacturing countries, namely, Bangladesh, Pakistan, ... Read more

Apparel imports continues to slag in Western markets, India’s exports …

Apparel imports continues to slag in Western markets, India’s exports suffer: Wazir Report

  Wazir Advisors September 2023 report spanning June and July 2023 reveal not much has changed since August in terms of Western import of apparels and India’s exports. Comparing the stats in August and the soon-to-be-published report, shows no newsworthy changes but more affirmation that apparel imports... Read more

Global denim jeans market is poised to hit $88 billion by 2030

Global denim jeans market is poised to hit $88 billion by 2030

  One of the most popular clothing items across the world, denim jeans never go out of style and that is why some global research conclude that between 2026 and 2030, the denim jeans market size will reach $88.1 billion. Facts Factors released its specialized and expertise-oriented industry research report th... Read more

High-quality, luxury brands driving European menswear, UK single large…

High-quality, luxury brands driving European menswear, UK single largest market in region: Study

  Europe was and continues to be in pole position for western wear for men, women and children. A recent report by a research house IMARC Group titled “Europe Menswear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” reveals a CAGR of 4.5 per cent between 20... Read more

High-tech textile staples propels growth in global apparel industry: S…

High-tech textile staples propels growth in global apparel industry: Study

  Past mid-2023, there is a clear indication that the Indian textile industry is brushing off all setbacks and coursing a revival path. Traditionally the global textile manufacturing segment has traditionally been associated with China, US, the EU collective of France, Germany, Italy, Spain and Portugal. Indi... Read more

Steady rise of yarn prices ties Bangladeshi apparel exporters in knots

Steady rise of yarn prices ties Bangladeshi apparel exporters in knots

  Bangladesh’s biggest foreign exchange revenue is from readymade garment exports wherein it enjoys the position of being the world’s second largest exporter after China. When this South Asian nation’s apparel exporters face a challenge due to escalating yarn prices in the domestic market, i... Read more

India’s textile sector stocks see a spurt riding on positive indicator…

India’s textile sector stocks see a spurt riding on positive indicators

  Recently, India’s textile industry has become one of the most visible sectors as it generated a series of reports that translated to a roller-coaster ride, now up, now down. As the world’s fifth largest economy, India’s contribution to the global textile market as of 2023 is a mere 4 per c... Read more

Sino-US standoff is an advantage for Bangladeshi apparel exporters

Sino-US standoff is an advantage for Bangladeshi apparel exporters

  Since 2020, Bangladesh, despite its tremendous effort at trying to maintain a steady supply of apparel exports to client markets, is experiencing numerous setbacks and headwinds that are stressing out manufacturers and exporters alike. However, the country has continued retaining its position as the world&r... Read more

GAP’s second quarter fiscals shows the downslide continues

GAP’s second quarter fiscals shows the downslide continues

  Last week, The Gap Inc. released its fiscal results for Q2 2023 ending in June. The lifestyle conglomerate ended the quarter with cash and cash equivalents of $1.4 billion, an increase of 91 per cent over previous year. A dive into details of fiscal performance shows in most segments, decrease is the common... Read more

Vu Ba Phu, Director General, Vietnam Trade Promotion Agency (Vietrade), on the new trade show VIATT and its association with Messe Frankfurt

“The Vietnam Trade Promotion Agency (Vietrade) recognized the need for an international trade exhibition in Vietnam and approached Messe Frankfurt to organize it. The event, Vietnam International Trade Fair for Apparel, Textiles and Textile Technologies (VIATT) aims to strengthen trade relations between China and Vietnam, as well as other countries in the region. It is expected to be an annual event and will showcase a wide range of products, including home interiors, textiles, garments, fabrics, and garment technology. The goal is to create a collaborative environment rather than a competitive one, with the aim of benefiting the entire Asian textile industry”.

Alexandro Barberis Canonico President Milano UnicaAlexandro Barberis Canonico, President, Milano Unica, on impact of the pandemic on the textile industry and the return of Milano Unica to the Intertextile Shanghai fair. 

“Market is slowly recovering and luxury products are still performing well. Italian manufacturers are focusing on niche markets and special fibers, such as cashmere and vicuna. Creativity and sustainability are important factors for Italian manufacturers, who are investing in the Chinese market. The exhibition response has been positive, with better figures than in 2019. The trends in the Chinese market are about functional fabrics and the use of natural fibers”. 

Yuko Watanabe Director International CommunicationYuko Watanabe, Director International Communication, JFWO on business scenario in japan

 “Japanese domestic market, particularly in the department store and textile industries, is facing challenges due to the pandemic and rising costs. Although, online shopping is growing but offline stores are struggling. The weak yen has made exporting raw materials to China and other countries less profitable, while importing goods has become expensive. The tourism industry has also been affected, with only wealthy tourists able to travel to Japan, international tourism can help the domestic market to some extent, but it is not enough to fully recover”. 

Kim Bu Heung General Director of Korea Textile CenterKim Bu-Heung, General Director of Korea Textile Center, on business with Chinese market

“China had been a significant investment destination for Korean enterprises. However, the current low demand in China has translated into reduced exports and investment returns. This underscores the shift in China's textile landscape and its impact on neighbouring countries”.

Joshua Lane Regional Director Asia at Holland SherryJoshua Lane, Regional Director - Asia at Holland & Sherry, on Intertextile and the challenges brought about by the COVID-19 pandemic and the subsequent changes in market dynamics.

The Intertextile provided a valuable opportunity to assess market conditions, observe competitors, and gauge the recovery of the Chinese economy in the textile sector. 2023 has been marked by a more subdued global textile market, with China experiencing a slowdown, but not entered a recession but was gradually tapering off its growth trajectory. For the textile sector, however, globally the trend was still upward, with a growing demand for custom-made clothing from reputable European brands.

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H&M Hennes & Mauritz AB Nine-month report

  H&M's net sales in SEK increased by 8 percent in the first nine months of the fin... Read more

18th Edition of Milano Unica Shanghai Shows Positive Signs for Future of Ch…

  The 18th edition of Milano Unica Shanghai closed its doors on August 30th, with the c... Read more

CHIC Autumn 2023: Setting new fashion fair standards

  The CHIC, China International Fashion Fair's autumn event, held from August 28 to 30 ... Read more

EU Apparel Imports Decline in First Seven Months of 2023

  The latest apparel import data from the European Union (EU27) for the period of Janua... Read more

SIMA tackles challenges in Indian textile industry

  The Indian textiles and clothing industry, a significant employment generator with ov... Read more

India: Tiruppur Exporters Association to Reintroduce Tiruppur Stakeholders …

  The Tiruppur Exporters Association (TEA) announced its plans to reintroduce the Tirup... Read more

Lenzing AG revises 2023 earnings outlook

  Lenzing AG faces a challenging economic landscape in 2023, as markets crucial to thei... Read more

Better Cotton India impact: Sustainable success

  Better Cotton, the world's largest cotton sustainability initiative, has released its... Read more

EU apparel import from world declines 9.22% in Jan-Jun 2023

  In the first six months of 2023, the European Union's (EU) apparel import from the wo... Read more

Coated Fabrics Market to Grow at 4.1% CAGR to Reach $29.79 Billion by 2030

  The global coated fabrics market is projected to grow from $21.6 billion in 2022 to $... Read more

Vietnam's Export Sector Poised for Rebound in Q4

  Vietnam's export sector is poised for a rebound in the fourth quarter, according to V... Read more

Bangladesh Garment Manufacturers to Invest in Cutting-Edge Technologies

  Industry leaders plan to invest in new machinery, recycled fibers, and robotic techno... Read more

Guess Inc. reports growth in Second Quarter

  Guess Inc., the U.S. fashion brand headquartered in Los Angeles, announced that its n... Read more

Plus size women's clothing market to grow at 4.3% CAGR

  The global plus size women's clothing market is projected to grow at a compound annua... Read more

Pet apparel market to reach $8.738 Bn by 2033

  The global pet apparel market is expected to reach US$8.738 billion by 2033, growing ... Read more

Disposable protective apparel market size to reach US$3.475.9 Mn by 2033

  The disposable protective apparel market is estimated by Future Market Insightsto gro... Read more

Western Wear Market to Grow at a CAGR of 4.6% from 2021 to 2027

  A new research report by Advance Market Analytics titled "Insights into the Western W... Read more

Bangladesh's Apparel Exports to EU Decline in H1 2023

  Bangladesh's apparel exports to the European Union (EU) declined by 12.69% in the fir... Read more

11th ATEXCON: Pioneering Asia's textile industry evolution

  The eagerly anticipated annual Asian Textile Conference (ATEXCON), organized by the C... Read more

UK and ASEAN collaborate on Economic Integration Program

  The United Kingdom and the Association of Southeast Asian Nations (ASEAN) are jointly... Read more

Italy's cotton yarn imports impacted by price decline

  In April 2023, cotton yarn prices stood at $5,651 per tonne (CIF, Italy), down -9.8% ... Read more

Bangladesh: Yarn consumption in RMG sector declines

  Yarn consumption in Bangladesh's Ready-Made Garments (RMG) sector declined by 31.55% ... Read more

Bangladeshi RMG exporters face price disadvantage in US, EU markets

  Bangladesh is the second-largest exporter of ready-made garments (RMG) in the world, ... Read more

US textile, apparel imports decline in June

  Overall imports fell by 4.2% from May and 16.7% from the previous year.  In Jun... Read more

Women's hosiery imports by US declines in June 2023

  The price of women's hosiery in the United States decreased by 1.5% in June 2023 to $... Read more

Top Indian exporter cuts FY24 revenue forecast

  Gokaldas Exports Ltd., a Bangalore-based garment manufacturer and exporter, has proje... Read more

Declining textile and apparel exports impact India's economy

  India's textile and apparel exports have continued their downward trend in July 2023,... Read more

UK: Northumbria University leads £2m fashion impact project

  The textile industry's environmental impact is gaining recognition, but its full exte... Read more

Italy's trade balance surpasses expectations in June

  Italy's trade balance surplus reached €7.7 billion in June 2023, surpassing mark... Read more

Chinese exporters flood India with low-cost fiber

  The looming implementation of a Quality Control Order (QCO) on textile input material... Read more

China's machinery industry sustains steady growth in H1 2023

  Steady Revenue Increase In H1 2023, China's machinery industry demonstrated unwaveri... Read more

Coats Digital's FastReactPlan boosts Apparel Tech's productivity and on-tim…

  ApparelTech Co. Ltd., a prominent outdoor garment manufacturer, has achieved a 9% ann... Read more

China's US imports hit 20-year low

  The trade war between the United States and China has led to a significant decrease i... Read more

Sourcing executives plan to decrease reliance on China, says USDA survey

  A new survey by the U.S. Fashion Industry Association found that 80% of fashion execu... Read more

USDA: U.S. cotton production to decline in 2023/24

  The U.S. Department of Agriculture (USDA) has released its August 2023 World Agricult... Read more

India's cotton yarn exports face steep decline in 2023

  Demand Shortage Emerges India's cotton yarn exports have sharply declined from Janua... Read more

Nylon 6 vs. 66: Polyamides with Different Properties

  Global market for Nylon-6 and Nylon-66 will experience a Compound Annual Growth Rate ... Read more

Bangladesh to receive duty-free export boost

  Bangladesh is set to receive duty-free export privileges for 92% of its tariff line p... Read more

India-UK free trade agreement nears realization

  India and the United Kingdom are making gradual progress towards formalizing a free t... Read more

Alpaca fibre to grow for utilisation across automotive industry

  The alpaca fiber market is projected to reach US$ 4.7 Billion from 2022 to 2032. The ... Read more

India's consumer spending to hit $4 trillion by 2030

  According to a joint report by e-commerce facilitator Shiprocket and ONDC, consumer s... Read more

China's raw silk exports drop amidst global trends

  China's raw silk exports plummeted to 307 tonnes in June 2023, marking a 12% drop fro... Read more

Chinese apparel and textile exports decline in H1 '23

  Chinese apparel and textile exports faced challenges in H1 '23, with apparel exports ... Read more

US synthetic yarn exports down in May 2023

  In May of 2023, the United States experienced a 29% increase in synthetic yarn export... Read more

Bangladesh eyes respectable apparel market share by 2030

  In its annual release of global apparel trade data for 2022, the World Trade Organiza... Read more

United States leads Plus Size clothing market in 2023

  The US plus size clothing sector has gained prominence, capturing a dominant 40% mark... Read more

Cotton Optimism Tempered by Concerns in Major Producing Countries-ICAC

  The August 2023 edition of Cotton This Month paints a positive picture for the upcomi... Read more

Bangladesh's clothing export share grows manifold

  Despite facing challenges in the global markets and dealing with rising production co... Read more

Kazakhstan-China trade up in Jan-May 2023

  In the first five months of 2023, the commodity turnover between Kazakhstan and China... Read more

India: VSY industry to reach new heights

  The Indian Viscose Staple Yarn (VSY) industry is expected to grow 10-12% YoY, reachin... Read more

Bangladesh's apparel exports boom in non-traditional markets

  Bangladesh's apparel industry has shown remarkable growth in exports to non-tradition... Read more