FW
Rapid growth in urbanisation and increasing requirement of industries are the major factors driving the global yarn market growth. The shift in consumer perception of affordable and comfortable clothing increases the demand for high-value fabrics such as viscose, silk, and hemp. Blended varieties of fibres are also growing exponentially due to significant features of artificial and natural yarn thus opening up new markets and growth opportunities in the coming years.
Instability in production of plant and animal source yarn and stringent regulation on trade of textile yarn products are restraining factors in the international textile yarn market. The international textile yarn market classification is based on sources such as chemical, animal, plant or others. Depending on use, the market is split up into home textile, apparel and industrial. Based on artificial subtypes, the market is separated into categories such as viscose, polyester, acrylic, and nylon. The type segment is bifurcated into artificial and natural type. Further down the line, the natural subtype segment is sub-divided into flax, wool, ramie, cotton, hemp, jute, and silk. Diversification of the global market can be categorised into regions such as Asia Pacific, North America, Europe and the rest of the world.
Asia-Pacific is the leading region in the global textile yarn market, followed by North America. Polyester and cotton are widely used textile yarn products in the region. Changing consumption pattern, increasing population, disposable incomes, the increasing demand for clothing along with home furnishing products in Asia-Pacific region are major growth factors.
The North American market is projected to grow at a quick pace following increasing investment from the multinational manufacturers in the US and Canada thus spiralling up market growth. Markets in the Latin America and the Middle East are expanding following the developing apparel industry and high levels of product development.
Major market players in the international textile yarn market are Parkdale Mills Incorporated, the Hengli Group, Kairuide Holding., Vardhman Textiles and Birleþik Koyunlulular Mensucat. The other influencing market players in the global market include Weiqiao Textile Company, E SAN. A.Þ., Low & Bonar, Raymond, Huvis Corporation, and Grasim Industries.
Collection Première Moscow has announced the start of a global cooperation with German publishing house “Burda” which is celebrating its 30-year presence on the Russian market in 2017. First stage of the cooperation on August 31st, will see the final of the annual “Burda Fashion Start” for young designers being held on the CPM Catwalk at the Expo Centre venue.
The “Burda Fashion Start” project is designed as a reality show with 10 episodes. The competition final is a gala fashion show where the winners and prize-winners are named. The main prize not only includes extensive PR support for the young designers in the print media and online editions of the Burda publishing house but also features a trip to Offenburg to the Burda Fashion Factory where Burda’s clothing styles and designs are produced.
Starting in June 2017, Burda Fashion Start” registration will run for one month. There will be 20 participants. Furthermore, a new jury, partner and expert committee line-up has been announced. The main prize has already been publicized, the manufacture and online sale of a complete collection by private shopping club Kupi VIP as well as the opportunity to take part in CPM in February 2018.
First of all as part of the global cooperation programme between CPM and the Burda publishing house readers and subscribers of Burda magazines Lisa, Dobryesovety, Otdokhni and Moirebenok as well as readers of the online projects Burdastyle and Verena will have access to the latest events on the most important business platforms in the fashion sector in Eastern Europe.
The next CPM – Collection Première Moscow will be held at the Moscow’s Expo centre exhibition centre from 30 August to 2 September 2017. National and international manufacturers will showcase their collections for the 2018 Spring/Summer season.
Vardhaman Textiles has cut its earnings per share estimate. There are two reasons for this. One is that it expects international cotton prices to fall up to eight per cent. Second is the uncertainty with regards to GST.
Since the area under cultivation next year is expected to be much higher, and the overall crop seems to be better compared to this year, there is an expectation of higher inventory and so a drop in prices. The company feels that going by all the input credits available on the services and other things, there may not be any adverse impact on the cotton yarn side.
Vardhaman makes almost all types of yarn, barring a few synthetic yarns like 100 per cent polyester. Otherwise it is a pioneer in cotton, cotton blended, cellulosic. Vardhaman has 1.1 million spindles and it makes 6,00,000 tons of yarn a day. Of the total capacity one-third goes for captive consumption. Another one-third goes for the Indian market. And one-third goes for exports. The company uses innovative fiber blends and it has special products to cater to customers’ needs. Today 50 per cent of its production is of value added yarns for India.
For the third quarter of financial year 2017 Vardhaman Textiles’ consolidated revenue for the quarter saw a 0.3 per cent year on year decline.
Indian fabrics and apparel major Raymond will export garments to Europe and the US from its Rs. 100 crore plant in Ethiopia. The company has set a target of an annual revenue of about Rs. 250 crores within a year from the plant by exporting mainly to the two developed markets.
The 27,000 square meter plant has a capacity to produce 1.4 million suits per annum. It will only produce suits and exports will start from early next month. The facility currently makes 500 suits a day and the company plans to increase it to 4,000 per day by next year.
Ethiopia has duty free access to Europe and America. Ethiopia has a low labor cost, low land cost, subsidised power and availability of readymade industrial sheds.
The company would create employment for 7,000 people towards the end of its final phase. It currently employs 500 locals. The green field suit plant will be operated by Silver Spark Apparel Ethiopia, a wholly owned subsidiary of Raymond. Raymond feels the plant would be significantly cost competitive and would lure global buyers to source the suits from Ethiopia.
Raymond is also looking to expand its retail presence to about 1,500 stores by 2020 The company will open nearly 150 to 200 stores this year. Raymond has more than 1,000 retail stores that are franchise based.
Textile Minister Smriti Irani unveiled the world’s largest cushion representing ‘Fabrics & Embroideries of India’ in New Delhi. This textile masterpiece called Cushion Kari was unveiled at the Heimtextil India and Ambiente India (June 20-22) being held at Pragati Maidan, New Delhi. Over 180 companies from six countries including top home fashion players. The three-day joint fairs organised by Messe Frankfurt Trade Fairs India have brought together companies from India, Bangladesh, China, Korea, Nepal, and Thailand.
Addressing the industry at the inauguration, Minister Smriti Irani says that India’s home textile business this year has contributed 12 per cent to the country’s overall shipments globally. The initiative, organised by Messe Frankfurt India, has witnessed a 30 per cent increase in exhibitors this year, which shows the capacity of Indian businesses to come up with new ventures as well as the appetite of the country’s consumers or buyers.
Renowned retail buyers and purchase managers from top hospitality industry chains came to visit the fair. Hotel Purchase Managers’ Forum (HPMF) was associated with the event. Nitin Nagrale, Founder and General Secretary stated, the company is continuously seeing new names coming up in the market. This platform is giving a wonderful opportunity for the buyers and sellers to meet.
India has taken long strides in home textiles space worldwide with the country emerging as the second largest supplier of home textile products only after China. Shift in the consumer’s lifestyle, influencing spends and retail growth is also impacting domestic consumption of home fashion and furnishing products. The co-located fairs which host more than 180 exhibitors target the entire chain of home fashion through its Dining, Living, Giving, and Furnishing segments.
By 2020, India is expected to be the growth leader among Asia-Pacific’s top B2C markets, outpacing China. In both countries, much of the future growth is projected to stem from rural areas where online shopper penetration is rising more rapidly than in the top tier cities. B2C (business-to-customer) e-commerce is the exchange of goods or services over the internet between online stores and individual customers.
Asia-Pacific is the world’s largest B2C e-commerce market. By 2021 Asia-Pacific will account for nearly half of global B2C e-commerce sales of products and digital content. Between 2016 and 2021, the region’s online sales are projected to maintain strong double-digit growth rates and reach new heights in terms of the e-commerce share of retail.
Nations in southeast Asia are also experiencing strong growth in B2C e-commerce sales which are projected to remain in double digits, including even Singapore, already the most advanced of the Asean countries pack. Further, other advanced markets, including Australia, Japan and South Korea, are also projected to grow more moderately due to the already high rates of online shopping penetration.
M-commerce is the strongest trend in both advanced and emerging economies across the Asia-Pacific. In many of them, the mobile share of B2C e-commerce sales has already topped one-third, and in some has approached 50 per cent.
The US is reviewing trade benefits to Rwanda, Tanzania and Uganda under the African Growth and Opportunity Act (AGOA) after a complaint by US interests about an East African ban on imports of used clothing.
The review was in response to a petition filed by the Secondary Materials and Recycled Textiles Association (SMART), which complained that the ban imposed significant hardship on the US used-clothing industry and violated AGOA rules.
Through the review, the US will assess the allegations contained within the SMART petition and review whether Rwanda, Tanzania, and Uganda are adhering to AGOA's eligibility requirements.
The move follows a decision by the six-nation East African Community - Kenya, Uganda, Rwanda, Burundi, Tanzania and South Sudan - to fully ban imported second-hand clothes and shoes by 2019, arguing it would help member countries boost domestic clothes manufacturing.
AGOA provides eligible sub-Saharan countries duty-free access to the United States on condition they meet certain statutory eligibility requirements, including eliminating barriers to US trade and investment, among others.
US AGOA imports from Rwanda, Tanzania, and Uganda totaled 43 million dollars in 2016, up from 33 million dollars in 2015. US exports to Rwanda, Tanzania and Uganda were 281 million dollars in 2016, up from 257 million dollars the year before.
Resort wear trade show Splash Paris will be held June 25 to 27, 2017. It will be more than triple its previous size this year, as the exhibition gears up for its second annual outing this month. Previously a 3,000 sq ft show with 20 brands, Splash will now feature 90 brands across 11,000 sq ft. Returning brands include Heidi Klein, Lazul and Mara Hoffman, while the roster of new additions includes Jets, Pily Q and Milly.
The show is now the largest resort wear show in Europe. It aims at bringing a point of difference to the trade show market by creating a smaller show that will have a fun, light-hearted mood, whilst still meeting the commercial needs of brands, buyers and media.
Trade shows are getting larger by the season and the ethos of Splash Paris is to bring a beautifully curated small resort wear show to the center of Paris. The environment will be relaxed and fun, making the show relevant for all buyers who are looking to see the top resort wear brands at one venue.
Resort wear for women includes tropical patterned dresses, vintage-style swimsuits, tops, pants, mandarin-collared dresses, short apron-wrap dresses and knee-length sheaths, mini-skirts, blousons, maxis, long-tailed kurtas with cropped pajamas to saris.
According to the Association of Italian Textile Machinery Manufacturers (ACIMIT), Italian textile machinery manufacturers will partake at the upcoming edition of CAITME, the Central Asian International Textile Machinery Exhibition, to be held in Tashkent, Uzbekistan from September 13 to 15, 2017. There will be 16 Italian textile machinery manufacturers will exhibit in the common area set up by the Italian Trade Agency and ACIMIT.
ACIMIT’s associated members include Beta Machinery, Carù, Cormatex, Durst, Ferraro, Mcs, Pozzi Leopoldo, Ramallumin, Ratti, Rite, SantexRimar, Savio, Sicam, Smit, Stalam, and Unitech. At CAITME, Italian exhibitors will show the most advanced technology applied to the textile sector, offering proper solutions in terms of efficiency, costs saving, and sustainability.
Uzbekistan is one of the largest producers and exporters of cotton and its textile industry is a relevant driver for the national economy. The business conditions are favorable for the development of the local industry due to the availability of raw materials and low production costs the upgrading of installed equipment is considered a step to achieve this goal.
Italian exports amounted to €15 million, compared to 2015 figures, with a 16 per cent increase in 2016. Among the Italian machines most in demand by Uzbek textile companies are knitting machinery for 62 per cent and spinning machinery 24 per cent.
India’s readymade garment exports registered a positive growth of just 8.06 per cent in May compared to the corresponding period last year.
The decline in growth is attributed to two reasons. Though exporters are happy with the new rates announced under GST, they need to ensure compliance with GST for input credit for the already existing stock on June 30, which has lead to curtailment in production. Secondly, there is uncertainty about the continuation of ROSL, which was used by small and medium enterprises to boost exports.
According to a recent survey done by AEPC in eight states where there is significant apparel production, 85 per cent of apparel exporters say that they are substantially benefited by ROSL in their export performance, while 65 per cent rate the impact of ROSL as high or game changing.
Incorporated in 1978, AEPC is the official body of apparel exporters in India that provides invaluable assistance to Indian exporters as well as importers and international buyers who choose India as their preferred sourcing destination for garments.
AEPC has worked tirelessly in integrating the entire industry - starting at the grass root level of training the workforce and supplying a steady stream of manpower to the industry, identifying the best countries to source machinery and other infrastructure from to brokering several path breaking deals for its members and finally helping exporters to showcase their best at home fairs as well as at international fairs the world over.
