Fast fashion brands across the US and the UK markets have increased price points across, reveals latest data from Stylumia. Based on latest analysis by KPMG, the report compares retail list price of select brands and retailers in the standard and fast-fashion segments. The performance of these brands and retailers is... Read more
The outlook for China’s textile industry is rather bleak. Nearly, 30 per cent companies have reported a loss in the first five months of this year, as per data by China National Textile and Apparel Council. Similarly, companies’ total profit declined 20 per cent compared to the same period last year. The ... Read more
In May 2022, China’s PSF exports increased 24.4 per cent Y-o-Y and 0.8 per cent M-o-M to 90,000 tons. Imports declined 44.4 per cent Y-o-Y and 8.5 per cent M-o-M to 6,500 tons. However, in the first five months of 2022, exports declined by 4.6 per cent Y-o-Y to 19,200 tons, says a CCF Group report.
China gave ... Read more
Even as a few sectors continue to reel under the COVID pressures, across the world, apparel retail, is booming. Figures show, 2022 was particularly a good year for fashion retail as it managed to navigate through all challenges, be it the Omicron scare or the ongoing Russia-Ukraine conflict.
US leads retail sales gr... Read more
National perspective plans ‘Vision 2021’ and ‘Vision 2041’ were launched by Bangladesh to transform itself from least developed countries (LDCs) to a middle-income country, and become a developed nation by 2041. ‘Vision 2041’ aims to amplify Bangladesh’s bilateral tra... Read more
From 2014-2019, EU’s consumption of nonwoven fabrics recorded a relatively flat trend. The market attained maximum consumption level of $7.6 billion in 2018, before declining slightly in 2019. The figure reflects total revenues achieved by producers and importers excluding their logistics and retail mar... Read more
Latest OTEXA statistics reveals the global textile and apparel trade is shifting with countries moving away from China to newer sourcing destinations like Vietnam, Bangladesh, India, etc.
Textile exports to the US decline 9 per cent
An analysis of the data from 2009 and 2019 reveals in 2019, China’s t... Read more
At its recent meeting, Cotton Association of India (CAI) increased its cotton production estimates for the 2019-20 season by 19 lakh (1.9 million) bales to 354.50 lakh (35.45 million) bales of 170 kg each. The committee increased its production estimate for the North zone by 3 lakh (0.3 million) bales, Centra... Read more
Heavily influenced by fashion trends, the global clothing and textile market has grown from $925 billion in 2015 to $1 trillion in 2019, indicates Trade Map. During this period, top global exporters of clothing and textile last year were: China, Vietnam, Italy, Germany and Bangladesh.
Meanwhile Africa’... Read more
As per a report by textileexcellence.com, in contrast to world exports, India’s exports of baby garments increased 4.90 per cent in 2019. The country accounted for a 12 per cent share in world babywear market. Of all, knitted apparels were the most exported items with its exports growing by 9.64 per cen... Read more
In the pre Corona period, statistics show 2019 as an year of continued growth in textiles and apparel online sales to conclude 6.69 trillion Yuan, up by 12.06 percent Year- on- Year. B2B ecommerce sales topped taking a lion-share of 73.24 percent at 4.9 trillion Yuan. Online retail sales of apparel/home-textiles mainta... Read more