Statistics

Global contents also translated in Chinese

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

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…

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 …

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

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…

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…

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

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…

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

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

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 Unica Alexandro 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 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 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 & 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.

MOST POPULAR NEWS