Producing one meter of woven fabric from cotton 1-1/8" in a continuous open width process (COW) costed $1.36 /metre on average in 2021. Cost was highest at $1.91/metre in Italy and lowest in India at $1.11/metre, reveals latest edition of International Production Cost Comparison (IPCC) from International Textile Machinery Federation.
The report calculates production costs of different textile products in primary textile industry markets based on various elements at each stage of value chain. Besides traditional markets of Bangladesh, Brazil, China Egypt, India, Indonesia, Italy, Korea, Pakistan, Turkey, the US and Vietnam, the edition also analyzes production costs of different textile products in Central America and Mexico. Analyzed products include texturing, weaving, knitting, and finishing segment.
Woven fabrics forms 19% of total fabric production costs in 2021
The report states, cost of finished woven fabric formed 19 per cent of total fabric production cost across the world in 2021.Fabric production costs ranged from 15 per cent in Korea to 22 per cent in Central America. Rise in yarn prices led to an increase in production costs by 19 percentage points on average. Fabric production costs increased in the range of 14 percentage points in Egypt and 26 percentage points in Italy in 2021. Weaving increased production costs by 31 percentage points and was in the range of 26 percentage points in Egypt and 33 percentage points in the US, Turkey, and India.
Average cost of raw materials needed to produce a meter of woven fabric formed 31 per cent of fabric’s production cost. Raw material costs ranged between 22 per cent in Italy to 40 per cent in Egypt.
Energy dominates fabric production cost in Mexico, Central America
With power costs forming 28 and 25 per cent of production costs, Mexico and Central America remained more dependent on energy cost for spinning NE/30 yarn then other countries. On the other hand, the US, and Egypt were less dependent on energy cost for apparel production. Energy costs formed 10 and 11 per cent of their total manufacturing costs, respectively.
Labor costs determine fabric production in Italy and the US
Fabric production costs in Italy and the US remained more dependent on labor costs during 2021. Labor costs constituted 40 and 30 per cent of production costs in these two countries. However, labor costs made up only 2 to 3 per cent of total manufacturing costs in India, Pakistan, Bangladesh, and Egypt. Capital costs was 40 per cent of production costs for spinners of NE/30 yarn in Egypt, Central America and Pakistan. In 2021, spinners in Italy and Korea Rep faced lower capital cost at 21 per cent.
Turkiye’s apparel exports surged by 20.79 per cent Y-o-Y in January-April 2022, shows data from the Turkish Statistical Institute and Ministry of Trade, Turkiye exported apparel worth $6.78 billion, in the first four months of the current year compared to exports of $5.61 billion during the same period of 2021.
Turkiye’sknitted and crocheted clothing and accessories (HS chapter 61) exports grew by 18.6 per cent to $3.742 billion in January-April 2022 as against $3.156 billion earned during the same months of the previous year.
Exports of non-knitted apparel and accessories (HS chapter 62) increased by 23.6 per cent to $3.042 billion compared to $2.460 billion exports made in January-April 2021.
Exports of old clothing and other textile articles and rags (HS chapter 63) also grew by 9.5 per cent year-on-year to $1.046 billion during the period under discussion.
Meanwhile, Turkiye’s imports of cotton, cotton yarn and cotton textiles (HS chapter 52) increased by a sharp 69.4 per cent to $1.733 billion over $1.023 billion in the first four months of 2021.
Likewise, man-made filament (HS chapter 54) imports too shot up by 78.1 per cent year-on-year to $1.172 billion, the data showed.
Japan-based leading fashion tech solutions provider Shima Seiki has launched its new digital content web service known as ShimaDatamall.
An online service, ShimaDatamall allows users to search, browse and purchase a variety of useful data for the planning, production and sales of fashion items. With SHIMA Datamall, users of the SDS-ONE APEX series 3D design system, APEXFiz Design subscription software and Shima Seiki flat knitting machines will be able to streamline their operations and further promote the digital transformation of textile manufacturing, thereby realizing a shift toward sustainable manufacturing.
Digital content available on ShimaDatamall, together with yarn data from the yarnbank digital yarn sourcing web service, are meant to support knit manufacturing from planning and design to production and sales, by arranging the data on SDS-ONE APEX and APEXFiz.
Membership is not limited to users of Shima Seiki products. Anyone can search and browse from digital data comprising over 6000 items, free of charge. Information gathered on SHIMA Datamall is useful for product planning and ideas for new collections. Shima Seiki users can furthermore purchase and download data to facilitate communication with suppliers.
Japan’s textile and apparel imports declined by 12.9 Y-o-Y and 15.9 per cent M-o-M to 197kt. Of these, imports from China declined by19.7 per cent Y-o-Y and 20.9 per cent M-o-M. Japan’s textile and apparel imports declined by 2.9 per cent Y-o-Y and 3.9 per cent from 2019 levels to 844kt during the period. Both in terms of import volume and value, Japan's textile and apparel import demand did not perform well in April, showing a sharp decline, while the decline in Japan's textile and apparel imports from China was greater than that of total imports.
As per a CCF Group report, In April, Japan imported most of its textiles and apparels from l China, followed by Vietnam, Indonesia and Thailand. From the perspective of YoY changes, in the major markets, except for the textile and apparel imports from Thailand and Myanmar, the others all declined to varying degrees, while the imports from China, Voyage, Malaysia and India dropped to a greater extent. As the imports from China accounted for a large proportion in the Japan's textile and apparel imports, it had a greater impact on Japan's total imports.
In recent years, the proportion of import volume and value of Japan's textile and apparel imported from China in total imports had a certain seasonal rule, accounting for the largest share in September or October every year, then gradually falling back to a relatively low level in April or May of the next year, and then fluctuating. Japan's textile and apparel imports fell sharply in April from a year earlier because of weak Japanese demand and seasonal effects.
Vertically integrated NFT-based metaverse real estate company and subsidiary of Canada’s Tokens.com, Metaverse Group has teamed up with Miami Fashion Week to host fashion week events in the metaverse on Fashion Street Estate. Miami Fashion Week is currently underway and will end on June 5.
The virtual grand opening will take place from June 3-5. Miami Fashion Week will be the second event hosted on the Fashion Estate this year. The metaverse event offers an immersive experience featuring fashion shows, catwalks, avatar models, and give attendees direct links to purchase virtual goods via marketplace for quick and seamless transactions.
The runway showcases Dressx in partnership with MTA Kollectiff. Additionally, inside of the L’Atelier, a reveal will take place where participants can register for a whitelisting spot for 'The Key' NFT later this year.
The Key is Miami Fashion Week’s membership which unlocks a host of benefits in both the physical and digital world. Guests will also find Barbara Hulanicki’s fashion illustration NFTs displayed on the walls of the L’Atelier and available for purchase. To wrap up the event, a sustainability panel with Dressx will be live streamed from the physical Miami Fashion Week location on the L’Atelier rooftop, encouraging both physical and virtual attendance on Sunday June 5, 2022.
New garment buyers from the Czech Republic, Egypt, Greece, Jordan, Mexico, Spain, Turkey, Panama and South Africa among others plan to replace China with India as their major garment supplier. The extended COVID lockdowns in China have restricted supplies, forcing buyers to look for other options to diversify risks.
A buyer from South Africa, Lizzard Pty, which has 180 stores, wants to buy women's clothing, he said, while a buyer from Greece wants men's garments.v The Noida Apparel Export Cluster has 3,000 units with an annual turnover of ₹35,000 crore and employs around 9,00,000 people.
China eased COVID restrictions in Shanghai after two months of lockdown on Tuesday, but the country's "zero Covid" policy continues and nearly 650,000 will remain confined to their homes.
The entry of new buyers at Noida export cluster has also raised hopes for the Tirupur garment manufacturers.
India recorded its highest-ever textiles and apparel exports in FY22 at $44.4 billion, a rise of 41 per cent compared to FY21.
The US was the top export destination for the country's textiles and apparel shipments accounting for 27 per cent share, followed by the European Union, Bangladesh and the UAE. Export of ready-made garments grew by 31 per cent to $16 billion.
However, the high cotton prices are dampening the export opportunity that has opened up for Indian manufacturers.
NarendraGoenka, Chairman, Apparel Export Promotion Council (AEPC) requested the government to calibrate cotton yarn exports and reduce export benefit on cotton and cotton yarn export from India.
He assured, the garment industry will make all efforts to achieve the export target of $20 billion this fiscal. However, cotton yarn prices have increased by almost 125 per cent in the last 18 months, he said.
Goenka requested the government to ban cotton exports for a few months to ensure availability to the industry as an immediate measure.
He also urged for the formation of a Textile Advisory Group by the government as an active interface between different stakeholders in the textiles value chain, besides alarming and mitigating the crisis like raw material storage, increasing productivity and containing inflation.
Appreciating the government's move to mitigate the crisis through Textiles Advisory Group, Goenka said, AEPC will look at the issues linked to productivity be it good quality seeds, introducing the new varieties, crop insurance to farmers and use of technology in farm optimization and produce management, water availability, arability for the crop.
Marking its foray into footwear rental, UK-based rental clothing service Bundlee has signed an exclusive deal with British footwear company Vivobarefoot.
The partnership allows customers to save time and money on purchasing new kids’ footwear.
Notably, the rental platform’s subscription model enables parents to save even £700 every year on their kid’s clothes, besides reducing customers’ carbon footprints by as much as 86 per cent with each rental.
More on the collaboration, Eve Kekeh, Founder, Bundlee, said that with Bundlee’s community growing exponentially, there wouldn’t have been a better time than now to unveil this new category.
Eve added that Vivobarefoot’s commitment to circularity and care for children’s feet makes it an ideal ally for Bundlee.
Founded in 2018, Bundleeoffers clothes for kids on a rental subscription basis.
Its prices range from £24 per month for curated essentials and £39 per month for 15 pieces from premium apparel brands, like Patagonia and Mori, amongst others.
Cotton prices fell by around Rs 4,000-Rs 5,000 per candy of 350 kg in sport market as commodity future market Multi Commodity Exchange (MCX) slashed open position limits on cotton contracts to contain cotton prices and its speculative trading. MCX cotton contracts dropped around 2-3 per cent after tightening of the provisions.
MCX informed its members and traders that revised position limits will be effective from June 9, 2022. Traders’ overall open position limit has been cut from 3.80 lakh bales of 170 kg to 80,000 bales, out of which near month position will not exceed 20,000 bales. Currently near month position is fixed at 95,000 bales. Members’ overall open position limit has been reduced from 38 lakh bales to 8 lakh bales, while the near month position has been cut from 9.50 lakh bales to 2 lakh bales. As per the MCX circular, near month positions should not exceed one-fourth of overall positions.
Cotton traded at around ₹95,000-96,000 per candy of 356 kg. According to the traders, cotton prices have reduced in the last couple of days as demand from spinning mills reduced. MCX June cotton contract was at ₹44,100 per bale after a decline of 2.58 per cent. July contract also reduced by 2.48 per cent to ₹43,650 per bale.
Industry sources said that it was a long pending demand to contain speculative trading which was fuelling spot cotton prices. Sanjay Jain, Former Chairman, Confederation of Textile Industries (CITI), says, MCX’s decision will not impact cotton prices much as open interest positions are very low on either side.
A Bangladeshi delegation comprising leaders of the Bangladesh Employers' Federation (BEF), Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) met ILO Director-General Guy Ryder at the ILO headquarters in Geneva to urge him to highlight the issue of ethical pricing of garment items in different global forums to ensure a sustainable industry.
Faruque Hassan, President, BGMEA emphasized on the need to ensure fair prices of garment items to make the apparel industry more sustainable, positively impacting the well-being of garment workers.
Production costs in garment manufacturing have gone up due to the spiralling prices of yarn, chemicals and other raw materials and high shipping charges, but prices offered by the buyers do not reflect the reality and rationality, he said.
The delegation apprised the ILO director-general of the current situation of the ready-made garment industry in Bangladesh, challenges and opportunities.
They also highlighted how the RMG industry of Bangladesh has gone through the tangible transformation in the areas of workplace safety, labour standards, and environmental sustainability.
With these achievements, Bangladesh has earned the global accolades and recognition as one of a safe and ethical apparel sourcing destinations in the world, they said.
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