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Global spandex market to grow exponentially at over 8 per cent by 2023

Global spandex market to grow exponentially at over 8 per cent by 2023

"The global spandex market estimated at over 760 kilo ton in 2015, is likely to cross 1,550 kilo ton by 2023. It is likely to grow at a CAGR of over 8 per cent from 2016 to 2023. China dominated the Asia-Pacific market in 2015, accounting for 60 per cent of the total volume. Major growth driver for the spandex mar... Read more

Hong Kong’s inspiring initiatives to recycle textile waste

Hong Kong’s inspiring initiatives to recycle textile waste

The growth of clothes-mending workshops and pop-ups in Hong Kong has given rise to a nascent movement against fast fashion. Designers are now parading recycled fabrics on the catwalk. For example, designer Jesse Lee, displayed everything from broken umbrellas to discarded curtains, at a recent sustainable fashion show ... Read more

Bangladesh needs to focus on inclusive growth to achieve export target

Bangladesh needs to focus on inclusive growth to achieve export target

"As per a recent survey the RMG sector in Bangladesh is expected to garner $33.5 billion followed by leather and leather goods at $1.13 billion. To achieve this goal, the government plans to set a $40 billion goods export target with a 7.14 per cent growth for fiscal year 2018-19, riding largely on apparel industry&rsq... Read more

China keeps its position as a textile industry leader

China keeps its position as a textile industry leader

"Though the fast-paced recovery of global economy and increased domestic demand led to the strong growth in Chinese textile industry in the first half of 2018, the US-China relationship posed great challenges. As the latest statistics of the General Administration of Customs of China indicate, Chinese textile and appar... Read more

Industry divided about effects of a falling rupee on exports

Industry divided about effects of a falling rupee on exports

"After having fallen by over 12 per cent this year, the Indian rupee has hit an all-time low against the US dollar. Though a weakening rupee is in favor of exporters, stalwarts of Indian apparel industry are skeptical about how it will benefit trade. Harish Ahuja, Managing Director, Shahi Exports believes the depreciat... Read more

Fur industry witnessing a boom globally

Fur industry witnessing a boom globally

"A recent report by the International Fur Federation (IFF) states estimates global fur retail at around $40 billion, largely due to the sustained demand in Asian markets, including the Chinese mainland, Japan and South Korea. Meanwhile, challenges such as volatile pelt prices owing to the slow recovery in demand in exc... Read more

Jeans production and its associated environmental damage

Jeans production and its associated environmental damage

"Worldwide, approximately 80 billion garments are produced annually, which is equivalent to 11 pieces of clothing per person, per year. At the same time, the number of worn clothes being discarded is also growing. In Shanghai alone, hundreds of tons of garments are being discarded every day, equating to 130,000 tons a ... Read more

Changing buyer behavior, demand pushing up premium fashion in India

Changing buyer behavior, demand pushing up premium fashion in India

"The fashion and lifestyle sector, estimated at $80 billion in India, is growing at a CAGR of 10 per cent. Online fashion contributes around 7-8 per cent or approximately $6 billion to this entire market. It is further expected to reach $12-$14 billion by 2020 with the overall retail market at $100 billion. The driving... Read more

Bangladesh upstages Mexico as the US’ new denim partner

Bangladesh upstages Mexico as the US’ new denim partner

"Apparel business from the US is gradually skewing towards Bangladesh. Recent OTEXA figures reveal, Bangladesh exported denims worth $507.90 million to the US in 2017, a 9.57 per cent surge over previous year. Mexico’s exports, on the other hand dipped 7.92 per cent to reach $793.46 million. During the first six ... Read more

Pakistan needs to enhance its export competitiveness

Pakistan needs to enhance its export competitiveness

"Pakistan has consistently got low rankings on Global Competitiveness Index. It ranked 115 out of 137 economies for 2017-18, compared with India (40), Iran (69), Sri Lanka (65), and Bangladesh (99). Pakistan needs to amplify exports competitiveness just the same way as East Asian economies, such as South Korea, Taiwan,... Read more

GSP Plus: Enabling Sri Lanka compete with region’s apparel industry

GSP Plus: Enabling Sri Lanka compete with region’s apparel industry

"Sri Lanka faced export revenue losses of around Rs 250 billion after being blackballed and losing its GSP+ concession in August 2010 on allegations of human rights. The country, which according to the International Trade Centre, was much ahead of Vietnam, Pakistan and Cambodia in apparel exports in 2009, trailed them ... Read more

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Q1 sees slight increase in Pakistan textiles exports

Pakistan’s exports of textile and clothing increased 0.86 per cent during the first quart... Read more

Global textile, apparel exports rise in first 8 months of 2018

Most countries recorded an increase in textile and apparel exports during the first eight month... Read more

IIP for textiles increases by 7.8% in August 2018

As per the Confederation of Indian Textile Industry (CITI), the monthly Index of Industrial Pro... Read more

Sri Lankan apparel exports up seven per cent

Sri Lanka’s apparel exports grew 7.8 per cent till August 2018, compared to last year. Ex... Read more

Vietnam to witness export-import turnover of $475 million

As per calculations, Vietnam will most likely witness a total export-import turnover of $475 bi... Read more

Bangladesh export earnings from India up 142 per cent

Bangladesh’s export earnings from India rose 142 per cent in the first quarter. Readymade... Read more

China increases apparel exports to the US

Despite its ongoing trade war, Chinese apparel exports to the US increased to 31.68 per cent of... Read more

Pakistan footwear exports up 22 per cent

Pakistan's volume of footwear exports increased 22.6 per cent in August. Value of footwear expo... Read more

Tunisia focuses on textile exports

The textile and clothing sector in Tunisia accounts for 35 per cent of the country’s GDP ... Read more

Bangladesh home textiles grows by 9.95 per cent

According to data from the Export Promotion Bureau, Bangladesh’s export of home textiles,... Read more

Global yarn production down nine per cent in Q1

Yarn production decreased nine per cent in the first quarter of 2018 across the world. Increase... Read more

Global yarn and fabric production decreases 9 per cent in Q1

Global yarn production declined 9 per cent between Q4 of 2017 and the first quarter of 2018. Ya... Read more

Export value of Central Java's textile and textile goods recovering after a…

As per the Central Java Indonesian Enterprenuers Association (Apindo), although the export valu... Read more

European textile imports decline 2 per cent in H12018

As per l’Institut Français de la Mode (IFM) European textiles and clothing imports... Read more

Vietnam exported denim apparels worth $148 million till July ’18

As per latest OTEXA figures, Vietnam saw an increase in exports of skirts, men & boys (MB) ... Read more

India emerges top junior wear supplier to the US

India topped among the countries exporting children’s wear to the US between January to J... Read more

US dominates global home textiles market

The US is the world's largest home textile market. The US market is projected to grow at CAGR o... Read more

Russia’s import of footwear and apparels on the rise

As per Federal Custom Service of Russia figures, in the first half of 2018, Russia imported 28.... Read more

Better times ahead for Indian synthetic textiles makers

Synthetic textile manufacturers in India hope to see a turnaround. In a major relief for domest... Read more

India’s apparel exports to grow at a modest rate in FY19: ICRA

As per ICRA analysis, India’s apparel exports are expected to grow at a modest pace of 1-... Read more

India: TEA’s 28th AGM mulls over challenges facing knitwear exports

The 28th AGM of Tirupur Exporters’ Association (TEA) held recently expressed concerns ove... Read more

India’s textile and clothing exports up 11 per cent since last July

Indian textile and clothing exports increased 11 per cent in July 2018 over July 2017. Overall ... Read more

CITI predicts a turnaround for Indian textile sector

As per Confederation of Indian Textile Industries, the Indian apparel sector is poised for a tu... Read more

EU half yearly clothing imports up six per cent

The volume of European Union clothing imports rose 6.62 per cent during the first five months o... Read more

Pak industry to capitalise on declining Chinese textile exports to US

Federation of Pakistan Chambers of Commerce & Industry (FPCCI) will sign a trade economic c... Read more

Athleisure accounts for 24 per cent of US apparel sales

According to the NPD Group’s recently released “The Future of Apparel” report... Read more

Bangladesh exports to China down 26 per cent, both aiming for an FTA

Bangladesh's exports to China fell 26.79 per cent year-on-year in 2017-18. China has toughened ... Read more

India to protect local industries from Chinese goods

India is planning to change the rules of origin clauses in free trade pacts, including the Sout... Read more

US urges China to offer more concessions in trade

President Donald Trump has urged China to offer more concessions as the two countries prepare f... Read more

Global fiber prices keep rising

Strong consumer demand for apparel, tight raw materials supply and fears of higher tariffs are ... Read more

Jeans imports of US increase in H1

The US imported more jeans in the first half of 2018 compared to last year due to the closure o... Read more

Bangladesh targets over six per cent growth in RMG exports this fiscal

Bangladesh targets a 6.33 per cent rise in readymade garment exports for fiscal 2018-19. Appare... Read more

Turkey’s apparel exports up seven per cent in first six months

For the first six months of 2018, Turkey’s apparel and clothing exports went up 7.7 per c... Read more

Philippines garment exports to rise 10 per cent

The Philippines expects garment and textile exports to increase 10 to 20 per cent this year. Lu... Read more

EU’s apparel and textile exports to the US up 15 per cent

From January to June 2018, the EU’s exports of textile and clothing products grew 15.12 p... Read more

China is still top apparel exporter to the US, India’s shipments drop

China’s June apparel exports to the US fell 0.83 per cent in volume. But the country is s... Read more

Vietnam to build product chains to improve competitiveness

Vietnam plans to build product chains to increase the value of the goods and cut out middle men... Read more

Turkey apparel exports up seven per cent

For the first half of 2018, Turkey’s apparel and clothing exports increased 7.7 per cent ... Read more

Canada records 4.67 per cent growth in apparel imports in H1 2018

Witnessing a surge during in the first half of 2018, Canada posted a 4.67 per cent growth value... Read more

Cotton production impacted by environmental factors

Latest figures from the International Cotton Advisory Committee (ICAC) show, water availability... Read more

Turkey exports 9 per cent world’s denim fabrics

One of the world’s major denim fabric production hubs, Turkey’s exports of denim fa... Read more

Cambodia garments exports up nine per cent

Cambodia’s exports of garment and footwear products grew 9.3 per cent in the first half o... Read more

Indian polyester and blended yarn exports increase by 50 per cent

As per an analysis of Textile Beacon’s Fibre to Yarn Trade Statistics – India&rsquo... Read more

Bangladesh emerges top trousers supplier to the EU market

Bangladesh emerged as the top trousers supplier to the European Union during January -April 201... Read more

Pakistan’s textile exports grew almost 9 per cent last fiscal

Pakistan registered a 8.67 per cent growth in textile exports in last fiscal mainly due to shar... Read more

EU tees imports up six per cent

The European Union’s import volume of T-shirts rose 6.06 per cent during January to April... Read more

VF’s forecast for revenue reflects an increase of 10-11 per cent

On the strength of the first quarter and the new lineup that helped boost major gains in first ... Read more

Drop in unit prices surges EU clothing imports

The massive drop in unit prices of garments has resulted in a stellar surge in clothing imports... Read more

Cambodia’s garment and footwear exports register robust mid-year growth

As per a report recently released by the National Bank of Cambodia (NBC), the country’s g... Read more

KCA urges the government to waive all taxes and duties on cotton imports

The Karachi Cotton Association has urged the government to waive all duties and taxes on import... Read more

Garment exports down 16 per cent in first three months of this fiscal

India’s readymade garment exports in the first three months of the current fiscal fell by... Read more