Export

Nigerian Textile & Garment Imports Soar 106% Over Four Years

Textile Insights April 9, 2024

Despite various intervention efforts by the Central Bank of Nigeria (CBN) to prop up the domestic textile industry, Nigerian imports of textiles and apparels soared 106.7 percent over the past four years. According to data from the National Bureau of Statistics (NBS), imports of textile and

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Market Share Of Global MMF Apparel Exports To Reach 60% By 2030

Textile Insights April 5, 2024

A study informed that global apparel exports are expected to grow to $1,121 billion by 2030, from $953 billion in 2022. Of this, around 60 percent are projected to be manmade fibre (MMF) apparels by 2030. “Around 50 percent of the $953 billion in worldwide apparel exports were MMF-based in 2022, 37 percent were in […]

Export

Indian Textiles Ministry To Curb Sub-Standard Quality Exports

Textile Insights April 5, 2024

In order to control exports of sub-standard textile products and bolster India’s reputation in the global market, the Union Textiles Ministry is planning a significant upgrade of its testing infrastructure. “The move comes amid concerns that poor-quality pashmina shawls and silk exports have been hurting the country’s image as a reliable supplier,” Mint

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Bangladeshi Apparel Exports To India Drop 23% In July-Feb

Textile Insights April 4, 2024

Bangladeshi exports of garments to India totalled US $580 million in the first eight months of fiscal ending June 2024, a massive decline of 22.99 percent as against $750 million in same period of earlier fiscal. Overall exports from Bangladesh to India fell to $1.27 billion between July 2023 and February 2024, down 16.59 percent […]

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Vietnamese Textile & Apparel Exports Grow 9.62% In Jan-March

Textile Insights April 4, 2024

In the first quarter of 2024, exports from the Vietnamese textile and garment industry reached US $9.53 billion, an increase of 9.62 percent over the same period of previous year. The industry has set a target of reaching $44 billion in textile and apparel exports, up 9 percent compared to 2023 and if exports to […]

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Indian Clothing Exports Expected To Rebound In Current Fiscal

Textile Insights April 4, 2024

Indian clothing exports are anticipated to rebound in fiscal 2024-25 at around 8-9 percent led by expected demand from inventory replenishment by brands and retailers in key markets of the US and EU. “After a sluggish fiscal 2023-24 impacted by high inventory levels, apparel exports are expect to touch Rs 28,150 crore in the ongoing […]

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Pakistan Textile Exports Inch Up 3% In February 2024

Textile Insights April 3, 2024

Pakistani textile exports reported an increase of 3 percent in March 2024 to total US $1.3 billion as against $1.26 billion posted in the same month of the earlier year. Textile exports dropped in March 2024 by around 8 percent month on month from $1.41 billion in February 2024. “This is the fourth successive month […]

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Chinese Viscose Yarn Exports Hit Seven Year Low In Jan-Feb

Textile Insights April 2, 2024

Chinese viscose yarn exports in the first two months of 2024 totaled 13.18 kilo tons, a seven year low and was also down by 29 percent from a year ago period. Of this, export of single ply viscose yarn touched 9.24 kilo tons, a massive year on year decline of 40 percent, while exports of […]

Export

Chinese Cotton Fabric Exports Up 10.24% Between Jan & Feb

Textile Insights April 1, 2024

Cotton fabric export volumes in the first two months of 2024 increased 9.32 percent year on year to 938 million metres, while value-wise it rose 10.24 percent to US $1.51 billion. Of this, cotton fabric overseas shipments grew to 560 million metres in January, down 2.77 percent from a year ago month and was also […]

Export

Chinese PSF Exports Down 13.8% Between January & February

Textile Insights March 30, 2024

In the first two months of 2024, Chinese exports of polyester staple fibre (PSF) totaled 167.2 kilo tons, down 13.8 percent over the comparable period of 2023. Of these, PSF exports in January 2024 amounted to 97.27 kilo tons, a year on year decline of 7.2 percent, while in February, they stood at 69.9 kilo […]