Export

India, China And Türkiye Face Decline In Knit T-Shirt Exports, But Opportunities Abound

May 10, 2024

Even as India, China and Türkiye face challenges such as declining export values and shifting market dynamics, opportunities for growth and adaptation abound, particularly in emerging markets, writes Henry Dsouza, Associate Editor, Textile Insights The global export outlook of knit T-shirts

Export

BGMEA Seeks Incentives Post LDC To Reach $100bn Target By 2030

Textile Insights May 10, 2024

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) said the industry will meet target of US $100 billion by 2030, if the government supports industry post LDC graduation in 2026. According to BGMEA President SM Mannan, the apparel industry seeks an alternative support by way of cash incentives after Bangladesh graduates from least developed country […]

Export

Uzbekistan Textile & Apparel Exports Increase 14.7% In Q1

Textile Insights May 9, 2024

In the first three months of ongoing year, Uzbekistan exported textiles and apparels totaling to US $775.7 million, up 14.7 percent over the same quarter of previous year. “Of overall textile and garment exports, the primary share was garnered by finished textile products like apparels, etc at 37.7 percent and yarn at 46.8 percent,” the […]

Export

AEPC Drafting New Growth Strategy To Double Apparel Exports

Textile Insights May 9, 2024

The Apparel Export Promotion Council (AEPC) is drafting a new growth strategy to double exports of apparels to US $40 billion by 2030. The new strategy will include targeting new markets like Brazil, Mexico, Poland, Russia, Saudi Arabia and South Africa while also hiking share in traditional markets of the UK, US and EU. According […]

Export

Sri Lankan Apparel Exports Increase 7.72% In March 2024

Textile Insights May 7, 2024

Sri Lanka’s apparel exports stood at US $418.33 million in March 2024, an increase of 7.72 percent over the same month of previous year. March’s performance represents the highest monthly export earnings since reaching $442.6 million in December 2022 and the highest level so far in 2024. Exports to the US declined by 2.81 percent […]

Export

FIEO Requests Govt To Extend Interest Equalisation Scheme

Textile Insights May 7, 2024

The Federation of Indian Export Organisations (FIEO) has urged the government to extend the interest equalisation scheme (IES) that is set to expire on June 30. In a statement, the exporter’s body said that the extension is required to offer a lifeline to small exporters grappling with high interest rates and faltering exports. “The scheme […]

Export

Bangladesh Apparel Exports Up 4.95% Between July & April

Textile Insights May 6, 2024

In the first ten months of fiscal 2024 ending June 2024, Bangladeshi garment exports totaled US $40.49, up 4.95 percent over $38.58 billion reported in the same period of previous fiscal. In the months between July 2023 and April 2024, knitwear exports stood at $22.88 billion, growing by 11 percent over the comparable months of […]

Export

UK’s Average Apparel Cost Decreases To £16.70 In 2023: WRAP

Textile Insights May 3, 2024

According to a WRAP report, the average cost per item of apparel in the UK has decreased by 2 percent since 2015, reaching £16.70 in 2023. The 2024 Textiles Market Situation Report by WRAP also informs that covid-19 pandemic had a large impact on textiles consumption, with rates falling 330,000 tons between 2019 and 2020. […]

Export

Bangladesh Exports May Shrink Up To 14% Post LDC Graduation

Textile Insights May 3, 2024

After its graduation from a least developed country (LDC) in 2026, exports from Bangladesh are expected to drop between 5.5 and 14 percent, due to the country losing its preferential trade benefits. According to an Asian Development Bank (ADB) study, over 70 percent of the country’s merchandise exports currently benefit from LDC-specific trade preferences. “The […]

Export

Tiruppur Garment Exports Turn Positive In Feb & March

Textile Insights May 2, 2024

Apparel exports from the knitwear hub of Tiruppur in February and March reported growth after facing a slump in demand for more than a year. Data available with the Tiruppur Exporters’ Association (TEA) show knitwear exports from Tiruppur grew 6.4 percent in February and 5.6 percent in March compared with same months last year. Total […]