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
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
Donear Group, India's premier lifestyle and fashion house, has raised the bar for men's fashion by unveiling its acclaimed product line at AsiaTex'23, hosted at the JWCC (Jio World Convention Centre), BKC, from August 31st to September 2nd, 2023. A prestigious showcase AsiaTex'23, organized by the Hindust... Read more
Bangladesh is on the verge of surpassing China as the world's leading exporter of cotton with global demand for cotton apparels increasing. The World Trade Organization had already identified Bangladesh as the world's second-largest garment exporter after China in 2022 and the quick upsurge has continued st... Read more
Following a triumphant showing at ITMA 2023 in Milan, Optima 3D, a UK-based pioneer, is poised to introduce its cutting-edge weaving technology to the USA. The renowned University of Maine's Advanced Structures and Composites Center (ASCC) eagerly awaits installation. A Technological Marvel Unveiled Optim... Read more
When Terry Townsend, former executive director of the International Cotton Advisory Committee, raised a red flag that India is on the brink of a potential “cotton crisis” and the Indian government seems indifferent to the pending crisis it had a dominos effect with many other experts joining in ... Read more
India, one of the largest cotton producers in the world, is going through a tough time with its current crop of the white fluff. It isn’t just the Ukrainian conflict as economic uncertainties have also created a sizeable slump in demand for clothing and therefore textile. A year ago things looked diff... Read more
Fast fashion has been on the radar for a while now. From environment activists and watch-bodies to governments, there are a multitude of sources that are building up pressure on fashion’s black sheep – this has resulted in companies such as Shein, H&M and Inditex being forced to submit their... Read more
Munich Fabric Start is one of Europe’s most important trade fairs for the textile sector hosted twice a year. Between July 18 and 20, 2023, a comprehensive range of textiles, accessories, finishing and sourcing contacts for Autumn/Winter 2024-25 (A/W 24/25) were on display with 1,100 international collections... Read more
Better Cotton, the world's largest cotton sustainability initiative, has joined forces with the Cotton Egypt Association (CEA) to expand the Better Cotton program in Egypt. This strategic partnership aims to enhance the sustainability and quality of Egyptian cotton production while ensuring fair working conditions ... Read more
Pakistan’s exports share in the international market has dropped to 1.76 per cent due to expensive electricity. As per APTMA, textile exports dropped to $35.21 billion in FY2022-23 compared to $39.59 in FY2021-22. Moreover 50 per cent production capacity of textile mills is not being utalised and with high el... 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, 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.
The Indian textiles and clothing industry, a significant employment generator with ov... Read more
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Key members of the Swedish Textile Machinery Association (TMAS) are set to participat... Read more
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In a significant move towards revolutionizing the fashion industry, the Good Fashion ... Read more
Lenzing, a leading global producer of wood-based specialty fibers, has launched a rea... Read more
Lenzing Group, a leading global producer of wood-based specialty fibers, is revolutio... Read more
Better Cotton, the world's largest cotton sustainability initiative, will play a pivo... Read more
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Techtextil India 2023, inaugurated today at the Jio World Convention Centre in Mumbai... Read more