Rise in India’s textile imports a cause of concern
Industry analysts are concerned as the country’s textile exports surpassed imports. Recently, there has been a growth in textile imports, driven not just by massive purchases of raw materials such as raw cotton, fabrics, and man-made textiles but surprisingly also of finished products. India, ... Read more
Textile staples market to be worth $275.48 billion by 2032: Study
Natural staple fibers are driving this sub-sector within the textile industry as a sea change is being witnessed in terms of fabric preferences. Eco-conscious consumers, especially the millennials and Gen Z, the largest consumer groups worldwide are clear about their eco-friendly choices and the ind... Read more
Budget 2023-24: Thumbs up for ELS cotton, green growth schemes, worry about…
The last Union Budget before the next general election in 2024 has got a mixed reaction from India’s textile and apparel industry. The Finance Minister Nirmala Sitharaman’s focus on infrastructure, investment, green growth, youth power and inclusive development has got a thumbs-up from acr... Read more
January edition of Munich Fabric Start & Bluzone puts the spotlight on …
One of the world’s largest and most reputed textile industry shows, the three-day Munich Fabric Start that concluded on January 26 showcased multi-layered and complex new materials and presented the colour palette for Spring/Summer ’24. The show also discussed efficiency and transparency throu... Read more
India’s e-commerce duopoly flourishing amongst competition
India’s e-commerce industry is flying high while being driven by increasing pan-India mobile phone adoption across all social and economic segments along social commerce retail giants like Amazon and Flipkart leading the bandwagon. The e-commerce market size is currently estimated at $75 billi... Read more
Study highlights adverse effects of Section 301 tariffs on US businesses
The Section 301 Tariffs on American Consumers and US Businesses imposed by the Trump administration in 2018 in response to China’s unfair trade practices, seem to have boomeranged on the US doing more harm than good. A recent joint industry study has pointed out the negative Impacts on US consumers ... Read more
Pure London launches sustainability toolkit for retailers
Pure London has come up with a toolkit for independent fashion retailers in the UK. With nearly 14,000 independent fashion retailers in the UK, the toolkit is an invaluable resource that provides step-by-step guide with tangible and practical information on everything from reducing carbon footprint and en... Read more
Bangladesh RMG exports to Russia drops as shipments, payments get affected
Shipment of garments from Bangladesh to Russia dropped 47 per cent year on year in the July to December 2022 period of the current fiscal year. Before the war, Russian buyers used to place work orders in big volumes. Ever since the war with Ukraine, Russian buyers have delayed payments. Before... Read more
India’s apparel exports rose in December 22, US continued to have largest s…
The latest Wazir Advisors’ latest ‘Apparel Trade in Key Global Markets and India’, reveals in November 2022, the US imported apparel worth $6.3billion which is 15 per cent lower than apparel imported in November 2021. The report also shows, in December 2022, the US’ monthly apparel... Read more
Asian markets throw lifeline for Bangladesh’s RMG exporters
The effect of two-year long pandemic, followed by Russian-Ukraine war and how Western countries are slipping into recession and tightening their purse strings on non-essential items such as clothing. Whilst Bangladesh went all out during the pandemic to maintain uninterrupted supply to the West by not shu... Read more
India’s garments industry seek favorable tax incentives in Union Budget 202…
Garment manufacturing is the single largest sector and backbone of India’s MSME with a whopping 95 per cent contribution. Stakeholders are hopeful the Finance Minister will announce some incentives for the apparel sector in the upcoming Union Budget. Indeed, the government’s Production Linked ... Read more
Wearing rentals is becoming a lifestyle worldwide
Fashion circularity is no longer a concept celebrated in industry forums and seminars but a living lifestyle choice as rentals are growing phenomenally. Owning a fashion piece is no longer in, it’s all about usability. Rented wardrobes may soon become the norm as consumers are expressing... Read more
Deloitte Retail Outlook 2023 indicates possibility of profitability
Conducted between October 21 and 31 2022 with 50 retail executives working in the US, the Deloitte study indicates retailers can expect positive growth and profitability even during inflationary period. The study has been particularly insightful on how retailers can confidently build on their resiliency a... Read more
Cotton Association of India announces further drop in 2022-23 production
The CAI has announced it further expects a decrease in total seasonal production which stands at 330.50 lakh bales, a decrease of 9.25 lakh bales as was projected earlier. The decrease of 9.25 lakh bales was due to readjustment of production in India’s cotton-producing states. Gujarat was the only c... Read more
The Lycra Company’s innovative legwear trend forecast for AW23/24 fosters i…
Stepping forward into an innovative AW23/24 season trend forecast, US-based manufacture of exceptional fibre and technology solutions The Lycra Company is looking at changing the legwear fashion segment. With trend forecasting experts from Stijlinstituut Amsterdam, the company each year presents a predict... Read more
As global fashion sector deal with issues in 2023, economic slowdown is for…
Year 2022 was all about positivity and hope for the fashion industry with much hype about the return of consumers after two years of lockdown and uncertainty. Many brands went on to invest in more “on trend” collections that addressed sustainability and eco-consciousness. Fast fashion was pull... Read more
Sustainable cotton grows and fetches better prices: Study
International Institute of Sustainable Development (IISD) published a report recently on the growth of sustainable cotton practices and their pricing, as a part of their Global Market Report on agricultural products. Since 2008, IISD has been tracking the growth of voluntary sustainability standards (VSS)... Read more
The luxury A-list brands of the world being driven by young millennials
Luxury is a personal indulgence and a slice of heaven for those who can afford it or have an affinity towards it. Luxury goods and services are not just defined by the physical item but an emotional experience that transforms the mundane to an elevated feeling. It is not just limited to clothing and acces... Read more
‘Bangladesh wants to cooperate and collaborate instead of competing with India,’ BGMEA President
Bangladesh apparel industry has bounced back from the pandemic with order books full and deliveries happening across the globe. Expecting to touch $41 billion in apparel ... Read more
‘Suppliers, brands need to rebuild relationships not to repeat similar mistakes in future’, IAF President
The pandemic and now the Russia-Ukraine war have put a lot of pressure on global apparel market across the value chain. The industry is coping with numerous issues includ... Read more
Growing demand from domestic, foreign players boosts India’s textile machinery b…
Heralding a textile revolution in India, the textile machinery industry is transforming from labor-intensive to a more modern and automated manufacturing ... Read more
Innovation key highlight at ITMA 2023
ITMA has announced it will continue to present and share innovative manufacturing technology and materials with the industry at its 19th edition in Milan.... Read more
Santoni launches new XT intarsia machine
Leading Italian circular knitting machine builder SantoniSpA has launched its new unique XT intarsia machine that combines all of the knitting possibiliti... Read more
Gartex Texprocess to be launched as a hybrid event
In conjunction with MEX Exhibition, Messe Frankfurt Trade Fairs India will hold Gartex Texprocess India as a hybrid event. The event will scheduled alongs... Read more
Kornit Digital reports revenues of $57.4 million in Q3
Kornit Digital reported revenues of $57.4 million in its third quartercompared to $47.3 million, net of $2.4 million attributed to the non-cash impact of ... Read more
Franco Giachetti, pioneer of cutting room solutions, passes away
Franco Giachetti, founder of Morgan Tecnica Spa, Italy,a leading provider of cu... Read more
Vietnam to host apparel summit
Global Textile and Apparel Summit (GTAS) will be held in Vietnam, April 20 to 2... Read more
CHINA INSIGHTS
Contributed by Mr. Zhao Hong & Ms. Xing Rong
Amid unprecedented Non Woven growth, China revises mask quality standards
With the daily output of masks touches over 20 million, China introduces new standards for... Read more
China: Silk city Shengze is pilot zone for the world-class textile cluster
Shengze, home to the largest silk wholesale market known for silk and man-made s... Read more
US dominates golf clothing market growing at 6% CAGR
The global golf clothing market is growing at six per cent a year. In 2021, th... Read more
Nonprofit releases recycling directory
A free directory of textile-to-textile recycling resources has been released by... Read more
Levi Strauss Q4 revenue down six per cent, despite share gains
For the fourth quarter Levi Strauss’s revenue fell by six percent. Despi... Read more
Faibrics converts carbon emission into polyester
Faibrics is developing a technology to convert CO2 emissions into high value po... Read more
H&M expects a tough quarter
H&M expects the first quarter of this year to be very challenging. Even tho... Read more
Italy to host White Milano
White Milano will be held in Italy, February 24 to 27, 2023. This is a ready-t... Read more
India: Budget to reduce ELS cotton imports
The budget has announced a scheme for enhancing the yield of extra long staple ... Read more
Bangladesh garment exports set for bigger goals
The readymade garment industry in Bangladesh is a major contributor to the coun... Read more
Textile waste project launched in the US
Fashion for Good has launched a recycling project in the US. The initiative is... Read more
Pure London to present alternative lifestyle
Trade show Pure London (UK, February 12 to 14, 2023) will present alternative l... Read more
UK to host Source Fashion
Source Fashion will take place in the UK, February 12 to 14, 2023. This is the... Read more
Pakistan pushes exports on online platforms
Pakistan is turning to e-commerce platforms to increase textile exports. Major ... Read more
Germany to host Fespa
Fespa will be held in Germany, May 23 to 26, 2023. This digital and textile pri... Read more
Italy to host ITMA
ITMA will be held in Milano, Italy, June 8 to 14, 2023. This is a textile machi... Read more
Jeanologia develops technologies to cut waste
G2 Dynamic and Anubis enable the production of sustainable fabrics and achieve ... Read more
Dollar shortage affects mills and spinners in Bangladesh
Textile mill owners and spinners in Bangladesh are finding difficulties in open... Read more
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