Textile Exports Up 11.06% YoY, Apparel Exports Down 11.23% YoY in September 2023

Cumulative Textile and Apparel Exports Up 1.77% YoY, Down 24.62% YoY in September 2023

Indian Textile and Apparel Exports Down in April-September 2023

Report

The Confederation of Indian Textile Industry (CITI) has released its analysis of exports and imports of Textiles and Apparel (T&A) for September 2023.

Key Findings:

Textile exports registered a growth of 11.06% over the previous year in September 2023, while apparel exports registered a degrowth of -11.23% during the same time period.

However, as compared to September 2021, exports of both textile and apparel have declined by -23.02% and -27.27% respectively.

Cumulative exports of textiles and apparel during September 2023 have registered a growth of 1.77% over September 2022, while it has declined by about -24.62% as compared to September 2021.

During April-September 2023, Indian textiles exports registered a degrowth of -3.59% over the previous year, while apparel exports registered a degrowth of -15.36% during the same time period.

Similarly, as compared to April-September 2021, the exports of textile and apparel have declined by 18.37% and 5.69% respectively.

Cumulative exports of textiles and apparel during April-September 2023 have registered a degrowth of -8.81% as compared to April-September 2022, while the same has declined by about -13.59% as compared to April-September 2021.

The decline in textile and apparel exports in September 2023 and April-September 2023 is a matter of concern for the Indian textile industry. The industry is facing a number of challenges, including rising input costs, global economic slowdown, and supply chain disruptions.

The government and the industry need to work together to address these challenges and support the growth of the textile and apparel industry.

Pure London x JATC, The London Festival of Fashion, will take place on February 11-13, 2024 at Olympia London. The show has revealed an inspirational line-up of brands across the newly expanded Woman, POP, and Sustainable destinations.

Woman

Mirayama: A London-based conscious luxury couture brand that celebrates traditional Indian craftsmanship. The collection is characterized by fluid shapes in timeless designs.

Sugarhill Brighton: A renowned brand for its colorful, vibrant, and hand-drawn exclusive prints.

Other returning brands in the Woman destination include GWD by George Davies, La Fee Maraboutee, Lily & Me, and Humility.

POP

Formerly Known As: A gender-neutral brand that creates classic elevated pieces for everybody and every body.

Pheme Paris: A Parisienne ready-to-wear brand with a collection that highlights lines, graceful shapes, and refined details.

Other returning brands in the POP destination include Heretic Nine.

Sustainable

Isabelle Pennington Edmead: A brand for the conscience with zero wastage and zero guilt. The collection celebrates prints, with all fabrics sourced ethically and printed in the UK.

Meta Vocus: An activism-focused fashion brand that originated from a desire to raise awareness about complex societal and environmental issues. The wearable art collection explores these themes with beautiful painted prints on sustainable scarves.

A report by FICCI-Wazir Advisors titled “Textile Industry’s Amrit Kaal: Roadmap for US$ 350 Billion Market by 2030” was released at the FICCI TAG 2023 Annual Textile Conference. The report outlines the global trends, market scenario, and opportunities for India in the textile and apparel sector. It also suggests the key initiatives that India needs to take to reach the US$ 350 billion target by 2030.

According to the report, the Indian textile and apparel market size is expected to grow from US$ 165 billion in 2022 to US$ 350 billion by 2030, with a 10% CAGR. The domestic market will account for US$ 125 billion and exports will contribute US$ 40 billion in 2022.

The report identifies the key enablers for achieving the target as:

Export competitiveness

Manufacturing excellence

Textile value chain strengthening

Sustainable practices and circular economy

Government schemes

The report also recommends that the industry should focus on automation, digitalization, skill development, FTAs, synthetic textiles, technical textiles, and global best practices. The government should support the existing clusters and ensure quality and compliance.

ITME Africa & Middle East 2023, a textile and textile engineering event, will be held in Nairobi, Kenya from November 30 to December 2, 2023. The event is expected to promote joint venture and business cooperation for textile and machine manufacturers. It will also showcase the latest textile technology and innovations, and explore the potential of Kenya as a new business destination.

The event is being organized by India ITME Society, a non-profit apex industry body. It has been conceived with the vision to initiate a new era towards self-reliance, socio-economic advancement, and empowerment in the textile and textile engineering sector with international cooperation for Africa and the Middle East.

The event will feature over 23 participating countries from Africa, Asia, Europe, and North America. It is expected to attract over 10,000 visitors from the textile and textile engineering industry.

The event will focus on new chapters such as cotton seed and cotton farming technology and equipment, machinery related to engineering products, home textile products, associated goods and services for textile industry, and technical information services, educational research institutes, and COEs.

At the curtain raiser event, the Guest of Honor, H.E. Shri Rohit Vadhwana, Deputy High Commissioner & DPR (UNEP & UN-HABITAT), High Commission of India, Nairobi, said, "This Exhibition is a significant stride towards enhancing bilateral trade and promoting industrial cooperation between India & Kenya. This landmark partnership aims to harness the strengths of both nations and drive innovation, sustainability, and economic growth in the Textile Technology & Engineering sector."

The Chief Guest, H.E. Dr. Juma Mukwana, Principal Secretary, State Department for Industry, Republic of Kenya, stated, "ITME Africa & Middle East 2023 hosted in Kenya shall draw more attention to the potential of the Kenyan textile industry and raise awareness about their products and capabilities, both domestically and internationally. This can lead to increased visibility and potential business inquiries and open doors for Kenyan businesses to expand their customer base."

Dune London, a leading footwear and accessories brand under Apparel Group, has received the coveted Superbrands status. The award was given at a gala event on 28th at the Intercontinental Hotel, Dubai Festival City.

The Superbrands organization is an independent authority that recognizes brands that excel in branding and innovation. Apparel Group CEO Neeraj Teckchandani said the award was an honor and a validation of their commitment to excellence and innovation. He said the award reflected their brand portfolio’s strength and resilience.

The award showcases Dune London’s ability to thrive and surpass in the competitive market, affirming its position as a top brand in the fashion industry. Dune London offers products and experiences that appeal to consumers and stand out in the market.

The award also demonstrates Apparel Group’s ability to foster and grow brands in the competitive market, strengthening their global presence.

Kim Hanna, President of TransGlobal Inspections, has been elected as the new President of the International Cotton Association (ICA). She is the first woman to hold this position in the ICA’s history. She will be assisted by Mohomed Bashir and Pierre Chehab as Vice-Presidents.

The ICA also welcomed Chris Williams and Josh Taylor as new board members. The election took place at the ICA’s annual meeting in Singapore.

Kim expressed her gratitude and honor for being the first female president. She said she wanted to inspire others to join the cotton industry and to promote diversity and inclusion. She also shared her vision for the ICA, which involves addressing the challenges of climate change, currency shortages, market volatility, and social and environmental legislation. 

She said she wanted to create an inclusive environment where all sectors of the supply chain can work together.

Pro-Sports, a garment manufacturer in northern Vietnam, has become a Corporate Member of the International Textile Manufacturers Federation (ITMF). The company specializes in both woven and knit products with 6,000 employees working in four factories. Pro-Sports is dedicated to providing their customers with high-quality, ethically manufactured products at a competitive price.

ITMF is a global network of textile manufacturers and other stakeholders in the textile value chain. The organization provides its members with a variety of benefits, including access to research and development, technical support, and networking opportunities.

Mr. Christian Schindler, Director General of ITMF, noted that “ITMF is proud to welcome Pro Sports as the newest Corporate Member as this further strengthens ITMF’s role as a platform for the global textile value chain from fiber to garment producers. By joining ITMF Pro Sports is providing the ITMF membership with an additional perspective from Vietnam which will be mutually beneficial for everyone.”

Ms. Babita, Marketing & Sales Director of Pro Sports, stated that “Pro Sports is delighted to become a Corporate Member of ITMF as this offers the company an international forum that is providing not only relevant publications but also a unique international network. 

Both are important to better understand the dynamics of the global textile industry and to connect with partners from the entire value chain to constantly adapt to an ever-changing business environment. Pro Sports is valuing both the tangible and non-tangible benefits ITMF is providing to its members. Connecting with other companies from different industry segments from different countries in a non-competitive environment is important to build trustful networks.”

The latest data released by the Office of Textiles and Apparel (OTEXA) for the period of January-August 2023 shows that USA's apparel import from the world has declined by 22.77% to US$ 53.45 billion from US$ 69.21 billion in the same period of 2022. In terms of quantity, the import has declined by 26.80%.

USA's apparel import from Bangladesh also dropped significantly by 21.77% year-over-year to US$ 5.18 billion from US$ 6.62 billion. It has also declined by 29.10% in terms of quantity.

However, the unit price per SME of USA's import from the world has increased by 5.50% in January-Aug 2023 to US$ 3.24 from US$ 3.07 in January-Aug 2022. For Bangladesh, the unit price per SME was US$ 3.27 during the mentioned eight months which was USD$ 2.97 during January-August of 2022, that means unit price increased by 10.35% year-over-year.

The decline in USA's apparel import is indicative of the slowdown in retail business and overall economy. Though the decline in import from Bangladesh is relatively less in monetary value compared to China and Vietnam, the urge for avoiding dependence on few major markets cannot be justified enough to ensure growth sustenance. However, USA remains Bangladesh's major market and there is still scope to further specialize capacity for this market.

Birla Cellulose, a leading producer of environmentally conscious Man-Made Cellulosic Fibers (MMCF), has launched a new Circular Fiber Blend. This innovative blend contains 50% mechanically recycled fiber while maintaining high-strength yarn, making it ideal for fabric and garment production. The blend is certified by the Global Recycle Standard (GRS), Recycled Claim Standard (RCS), FSC, and High Index. It also incorporates blockchain technology for traceability.

The mechanical recycling process used to convert PCW waste into fiber is chemical-free and highly energy-efficient. It also minimizes water usage and greenhouse gas emissions. Additionally, the Circular Yarn Blend utilizes in-situ coloration, where recycled dope-dyed/mélange yarn negates the need for additional dyes or pigments, further reducing its environmental impact.

Birla Cellulose's Circular Fiber Blend offers a comprehensive approach to sustainable and environmentally responsible textile production. It addresses multiple environmental concerns, including energy consumption, water usage, greenhouse gas emissions, and waste reduction. The company is confident that this initiative will encourage the textile industry to adopt more sustainable options.

Intex India has emerged as the unrivaled sourcing destination for professionals in the textile and apparel industry, offering a comprehensive platform that spans sourcing, networking, learning, and innovation across the entire textile value chain. With its expansive global reach and unwavering commitment to excellence, Intex plays a pivotal role in shaping the future of textiles, not only in India but across the South Asia.

In 2023, Intex India will open its doors at the India International Convention & Expo Centre (Yashobhoomi) in Dwarka, New Delhi, from December 7 to 9.

Premier B2B textile sourcing show

Intex India is more than just a trade show; it's an annual gathering of industry leaders, innovators, and stakeholders, where Indian and global textile suppliers converge. It serves as the preeminent B2B international textile sourcing event, attracting numerous exhibitors, buyers, and professionals who are integral to the textile and apparel industry's vibrancy.

This year's edition promises to be nothing short of excellent, featuring over 300 companies, both domestic and international. What sets this edition apart are the special featured events that are poised to captivate the attention of Indian and global industry professionals.

Connecting the global textile ecosystem

Intex India stands as a beacon for global textile sourcing, fostering a seamless connection between exhibitors and buyers from diverse across the world. It offers a comprehensive sourcing solutions and access to the rich and diverse tapestry of the textile and apparel industry. This convergence of industry players is a testament to Intex's role in facilitating international business relationships and promoting cross-cultural collaboration.

The fair will also serve as a dynamic platform that caters to the needs of textile manufacturers, suppliers, brands, exporters, and various industry professionals enabling the industry to gain direct access to the Indian, South Asian, and global markets. 

A history of success

Since its inception in 2015, Intex has gone from strength to strength. Through the past 12 editions, it has connected over 50,000 trade buyers from over 35 countries with over 1,850 textile suppliers from 20 countries. This remarkable track record underscores the event's continued growth and its vital role in facilitating international trade relations.

A catalyst for growth, Intex India offers a unique opportunity for networking, knowledge sharing, and business expansion. It caters to a wide spectrum of professionals, ranging from textile manufacturers and suppliers to designers and entrepreneurs. 

The trade show also exhibits latest textile innovations and industry trends. It functions as a hub for the exchange of ideas and knowledge, facilitating discussions on sustainable practices, digital advancements, and design innovations that are shaping the textile landscape. 

Intex India 2023 transcends being a mere exhibition. It offers an immersive experience for professionals, with special forums that serve as platforms for industry leaders to exchange ideas, knowledge, and insights. These forums include:

Intex Textile Conclave (ITC): An inspiration and innovation exchange where the industry's brightest minds come together to share their vision for the future.

Intex Investment Forum (IIF): An opportunity to explore the investment potential in India and globally, paving the way for business expansion and collaboration.

Interactive Business Forum (IBF): A convergence of ideas and businesses, where industry leaders chart the course for future growth and development.

As the industry evolves and transforms, Intex India has emerged as a consistent and indispensable force, contributing significantly to the development and progress of the textile and apparel sector in the region. It is a place where ideas become reality, where connections are forged, and where the textile industry's future is etched. 

Intex India 2023 is not just an exhibition; it's an experience that will shape the industry's future.