Textile

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Export incentives, diversification can help India gain market share in…

Over the last two decades, the contribution of cotton yarns in India’s total textile exports declined to 1 per cent approximately. As per a CRISIL report, the decline is mainly attributed to the lack of free trade agreements (FTAs) and increased competition from neighboring countries. The textile sector... Read more

Increased production reflects on VSF as imports drop

Despite Viscose Staple Fiber (VSF) production being more expensive than the production of Viscose Filament Yarn (VFY), global VSF production increased from 342 million kg in 2015-16 to 578 million kg in 2019-20. As per a Textile Value Chain report, this led to a decline in VSF imports by major countries. Chi... Read more

Pandemic reinvents fashion e-commerce as e-tailers become more efficie…

Following the outbreak of COVID-19, fashion retailers were forced to accelerate their e-commerce strategies overnight to restrict dwindling sales. Around 27 fashion companies filed for bankruptcy during from April 2020. They had to also move their stocks to shippable locations as digital purchases increased a... Read more

Singed by the pandemic, textile machinery sector sees a sharp drop

Like other sectors, the textile machinery segment has also suffered from COVID-19-induced downturn. Released by the International Textile Manufacturers Federation (ITMF), the 43rd annual International Textile Machinery Shipment Statistics (ITMSSS) show, global shipments of all types of textile machines in... Read more

Fashion industry needs to operate as per highest environmental, social…

Efforts at increasing transparency in the fashion industry seem to be failing with just 25 per cent apparel brands surveyed by Fashion Revolution in its annual ranking being honest about their carbon emissions. Less than 20 per cent disclosed the amount of carbon content in their raw materials, says an Edie r... Read more

IWTO: Encouraging young professionals for a career in the wool industr…

The global authority for standards in the wool textile industry, the International Wool Textile Organization has been representing the collective interests of global wool trade since 1930. Having over 33 members in 23 countries across the world, the IWTO has been running a successful Young Professionals progr... Read more

Body inclusivity and diversity to be keys to brands’ future success

Victoria’s Secret’s delay in embracing inclusivity and body positivity has proved to be a boon for other brands who have slowly made way to the top slot in the global lingerie market. In the past 10 years, Victoria’s Secret’s share in the global intimates market has halved fr... Read more

China eyes a more sophisticated, sustainable textile sector in next fi…

The current global economic scenario has compelled China to halt expansion plans. However, in the next five years, China plans to make its textile and clothing industry more sophisticated and technology-driven, reveals the 14th Five Year Plan released by the China National Textile and Apparel Council (CNTAC).... Read more

Pakistan lines up $5 billion investment across textile value chain by …

A vital sector for economic growth, the Pakistan textile industry has embarked on an ambitious plan to double exports by 2025. The industry has earmarked a $5 billion investment across textile value by the end of target year. It has already noted a growth in new orders that would help sustain for next few yea... Read more

Nw textile strategy can help Pakistan restrict cotton export decline

The country’s booming textile exports have given Pakistan government a reason to celebrate amid the COVID-19 gloom. As per a Daily Times report, Pakistan’s garment and apparel exports grew 9.06 per cent to $11.35 billion in Q1FY21 from 10.41 billion in the corresponding period last year. The c... Read more

Reshoring, the key to revive lost American apparel glory

The growth in demand for medical textiles and protective clothing made within the country has spurred demand for reshoring in the US. As per an Apparel Resources report, Americans no longer wish to be dependent on China for apparel manufacturing due to rising labor costs. Labor wages in China have been rising... Read more

Stoking patriotic fervor, global boycott boosts domestic sales of Xinj…

With jump in sale of some Xinjiang manufacturers, foreign brands’ boycott of Xinjiang cotton has stoked patriotic fervor among Chinese consumers. A report by the Global Times says, the boycott has led to local Xinjiang companies stepping up efforts to introduce new techniques to improve the quality of X... Read more

COVID-19 impacts textile machinery shipments across the world

Experiencing a complete knockout due to the pandemic outbreak, the global textile machinery market slumped 30 per cent in 2020. Shipments of all types of textile machines including spinning, texturing, weaving, knitting and finishing machines declined during the year. As the 43rd annual International Textile ... Read more

India’s credit volume declines as COVID-19 halts textile and apparel p…

The third edition of India Spotlight Report reveals, suspension of manufacturing due to COVID-19 led to a 20 per cent decline in credit borrowings by Indian textile and apparel sector in December 2020. The report released jointly by SIDBI and CRIF High Mark says the textile and apparel sector in India burrowed loan... Read more

Vietnam eyes $39 bn exports through FTAs, diversification and trademar…

The Vietnam National Textile and Garment Group (Vinatex) has set an ambitious target of achieving $39 billion in export revenue this year, equal to that of 2019. Last year, the group could achieve exports worth only $35 billion due to the pandemic, US-China trade tensions and Brexit. However, Vietnam was th... Read more

Pandemic disrupts US RMG market as import of knitted, woven apparels f…

One of the leading importers of apparels goods in the world, the US’ import knitted apparels however, fell from $48 million in 2019 to $38 million in 2020 due to the pandemic. US’ imports from China declined to $9million during 2020 from $14 million in 2019. One reason for this was the ban i... Read more

Made-to-order, renewable materials help W Africa boost sustainability …

As the textile and fashion sector is expected to drive West Africa’s economic recovery post COVID-19, key players are exploring ways to make the industry more sustainable. As per an Investorsking report, textile and apparel companies are adopting new and sustainable means of production. For instance, UK... Read more

China’s price rise threatens recovery of western apparel markets

Increase in China’s raw material prices in the first quarter of this year has raised concerns about spiking inflation in Western fashion markets. As per the National Bureau of Statistics, China’s producer-index rose 6.8 per cent in April. The index is likely to further surge in the second and thir... Read more

Philippines needs to upgrade domestic, export markets before joining C…

Though the Comprehensive and Progressive Agreement for a Trans-Pacific Partnership (CPTPP), may boost Philippines’ garment sector, it may eventually drive investors away from the country, believes Robert Young, President, Foreign Buyers Association of the Philippines (FOBAP) As per a Phil Star Global re... Read more

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