Textile

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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

Textile exports can help Pakistan achieve economic strength

To combat rising inflation and unemployment levels, Pakistan needs a new long-term textile policy and a continued supply of gas/RLNG, highlights All Pakistan Textile Mills Association (APTMA). The association has urged more investments and value addition in the textile sector to help create new jobs, reports ... Read more

Denmark eyes circularity milestone with new textile recycling project

Denmark is set to achieve a new milestone in circularity with a new textile recycling project called ReSuit (Recycling Technologies and Sustainable Textile Product Design). Launched by the Danish Technological Institute, project ReSuit or Recycling Technologies and Sustainable Product Design, is being... Read more

Pandemic control helps Southeast Asia regain textile and apparel order…

Southeast Asian countries lost quite a few textile orders last year due to the pandemic. However now, as the pandemic situation in these countries is controlled, orders are again flowing back. As per Vietnam’s Ministry of Industry and Commerce statistics, there has been a 1.1 per cent increase in te... Read more

China’s cotton exports under scanner as US looks to diversify sourcing

International cotton trade is becoming more complicated for China with the US keeping a close watch on its exports. The CCF Group reports, these days China’s cotton exports are being closely monitored by the US for their purchase invoice, certificate of origin and declaration of noncompulsory labor impo... Read more

Goal-oriented approach to help Bangladesh boost RMG exports amid pande…

Bangladesh garment manufacturers and workers are currently living in perpetual terror of cancelled orders and deferred payments. The spread of new virus variants is delaying apparel recovery, making it tough for analyst to identify the duration and gravity of the pandemic. Drop in global trade threatens Bang... Read more

MMF focus can help Bangladesh enhance textile value chain

From 2009-19, global textile and apparel trade grew at 3 per cent CAGR to reach $818 billion in 2019. Majority share is likely to be claimed by the apparel segment which is likely to grow to $470 billion, says a Textile Value Chain report. This will be followed by fabric and yarn as the second and third large... Read more

Highlighting achievements will help remove stigma around Bangladesh ap…

Bangladesh is regularly criticized for poor working conditions in its apparel factories, rising pollution, water wastage, etc. However, for several years, Bangladesh has supported apparel factories through the Accord and Alliance for Bangladesh Worker Safety agreement. The country has also carried out maj... Read more

Slow apparel, textile recovery calls for patience from industry leader…

The first quarter of this year is proving to be a boom for China’s textile and apparel industry with exports increasing 43.8 per cent to reach $65.1 billion, reveals China Customs Statistics Express statistics. As per China Textile, though China reduced its export projection for the year due to the pand... Read more

Regenerative agriculture gains ground in fashion with more brand inves…

A new concept known as regenerative agriculture is taking root in the fashion industry with brands like Patagonia, Allbirds, Timberland, Mara Hoffman, Christy Dawn, and luxury conglomerate Kering making heavy investments. As per reports, currently brands are producing only a small proportion of their raw mate... Read more

India’s yarn exports expected to surge as fabric exports remain stable

The boost provided by the US-China trade war to India’s cotton exports in marketing year (MY) 2019-20 was offset by the spread of pandemic. However, the country was able to control the pandemic’s impact through lockdowns and vaccination, reports SRTEPC. This also boosted area under cotton cultiv... Read more

Fast fashion brands come under fire for involvement in forced labor

Fast fashion brands, Uniqlo, Inditex, Skechers USA and French apparel group SMCP have come under fire after a French legal association Sherpa, human rights NGO Collectif Ethique Sur L’etiquette, the Uyghur Institute of Europe and an individual Uyghur victim filed a complaint against them with the ... Read more

Slowdown in EU, US create new opportunities for Chinese textiles and a…

The bull run that the Chinese textile and apparel industry experienced from November 2020 lasted until March 2021. However, by mid-M arch, the Chinese market started gradually weakening as in 2020 the US retail market struggled with inventory stabilization and recovery. US’ imports of textiles and appa... Read more

HKTDC International Sourcing Show underlines brands’ need to focus on …

In the webinar titled ‘The Perfect Storm: Future-Proofing Your Fashion Business’, Michael Ho, Marketing & Brand Partnerships Manager, Zalora, described 2020 as a year of expansion. The webinar was a part of the three fashion-related webinars hosted by the Online HKTDC International Sourcing Sh... Read more

Innovation and resilience to boost Bangladesh denim industry’s growth …

From production of basic wear, the Bangladesh and garment industry is fast transforming into a manufacturer of sophisticated garments aided by high-end technologies. A large part of this growth is being led by the denim industry, says a Denim Focus report. Already a reputed name in the world denim market, Ba... Read more

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