National perspective plans ‘Vision 2021’ and ‘Vision 2041’ were launched by Bangladesh to transform itself from least developed countries (LDCs) to a middle-income country, and become a developed nation by 2041. ‘Vision 2041’ aims to amplify Bangladesh’s bilateral tra... Read more
From 2014-2019, EU’s consumption of nonwoven fabrics recorded a relatively flat trend. The market attained maximum consumption level of $7.6 billion in 2018, before declining slightly in 2019. The figure reflects total revenues achieved by producers and importers excluding their logistics and retail mar... Read more
Latest OTEXA statistics reveals the global textile and apparel trade is shifting with countries moving away from China to newer sourcing destinations like Vietnam, Bangladesh, India, etc.
Textile exports to the US decline 9 per cent
An analysis of the data from 2009 and 2019 reveals in 2019, China’s t... Read more
At its recent meeting, Cotton Association of India (CAI) increased its cotton production estimates for the 2019-20 season by 19 lakh (1.9 million) bales to 354.50 lakh (35.45 million) bales of 170 kg each. The committee increased its production estimate for the North zone by 3 lakh (0.3 million) bales, Centra... Read more
Heavily influenced by fashion trends, the global clothing and textile market has grown from $925 billion in 2015 to $1 trillion in 2019, indicates Trade Map. During this period, top global exporters of clothing and textile last year were: China, Vietnam, Italy, Germany and Bangladesh.
Meanwhile Africa’... Read more
As per a report by textileexcellence.com, in contrast to world exports, India’s exports of baby garments increased 4.90 per cent in 2019. The country accounted for a 12 per cent share in world babywear market. Of all, knitted apparels were the most exported items with its exports growing by 9.64 per cen... Read more
In the pre Corona period, statistics show 2019 as an year of continued growth in textiles and apparel online sales to conclude 6.69 trillion Yuan, up by 12.06 percent Year- on- Year. B2B ecommerce sales topped taking a lion-share of 73.24 percent at 4.9 trillion Yuan. Online retail sales of apparel/home-textiles mainta... Read more
Xiantao city which is known as “China Famous Town of Nonwovens”, has over 300 nonwoven manufacturers all are in operation. High-tech Jiahua Nonwoven Company diverted their original business to the melt-blown nonwovens on urgent notice in the middle of February to keep daily output for more than 20 tons, ade... Read more
In first two months; Jan-Feb 2020, according to the data from National Bureau of Statistics, the man-made fiber industry saw a freefall in profits by 74.78 percent, PET fiber down by 132.01 percent and polyamide fiber (Nylon) down by 15.64 percent in profits. The total number of man-made fiber companies running i... Read more
The first two months Jan and Feb 2020 witnessed garment production drop by 36.61 percent, paid-in investment reduced by 50.2 percent. The domestic retail sales had fallout by 20.5 percent while the retails of garment had a sharp down by 33.2 percent. The online retail too, for the wearable commodities decreased by 18.1... Read more
Taken together, there are 768 companies running in red, accounting for 48.72 percent of all the dyeing and printing companies, considered in a statistical study, a large increase by 16.15 percentage points over the corresponding months last year. The total loss of money in these red bottom-line companies added up to 10... Read more