Export

China’s Polyester Exports Cross 10,000 Kilo Tons In 2023

Textile Insights February 3, 2024

China’s exports of polyester raw materials like PSF, PFY, PET fibre chip, PET bottle chip and BOPET have crossed the landmark of 10,000 kilo tons in any year for the first time in 2023. “Overall polyester overseas shipments touched 11,160 kilo tons in 2023, an increase of 13 percent or 1,280

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2023 Chinese Cotton Yarn Imports From India Jump Four Times

Textile Insights February 3, 2024

Chinese cotton yarn import volumes from India jumped four times to 248,000 tons in 2023 as against 56,400 tons in 2022 and accounted for 16 percent of total cotton yarn imports. The total Chinese import volume of cotton yarn for 2023 totaled 1.55 million tons, growing by a massive 41.9 percent compared to 1.09 million […]

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Bangladesh MMF Apparel Exports Can Be Doubled By 2025: Study

Textile Insights February 2, 2024

A Bangladesh study has found that if challenges faced by industry are resolved, exports of the country’s manmade fibre (MMF) apparels can double to US $19 billion by 2025 from the present $8.5 billion. The Economic Relations Division (ERD) study was done based on the present worldwide market share and export forecast of 20 types […]

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90% Of Cambodian Garment Units Owned By Chinese Investors

Textile Insights January 31, 2024

Around 90 percent of garment manufacturing factories in Cambodia are owned by Chinese companies or investors. This was revealed in a report by Research and Markets titled ‘Cambodia Garment Manufacturing Market Report 2023-2032: Youthful Demographic Dividend Fuels Consumer Market Growth’. The report said that that the Cambodian apparel sector was highly appealing for

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Turkish Garment Body Chief Shows Path To Attain $40bn Export Target

Textile Insights January 31, 2024

Speaking at a summit, Mustafa Gültepe, President of the Istanbul Apparel Exporters’ Association (IHKIB) laid down the path to achieving US $40 billion in apparel exports from the current $20 billion. Mustafa Gültepe was speaking at a summit organised by the IGKIB, where Turkish garment manufacturers and global brands and purchasing groups came together. “The […]

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Cambodia Jumps Three Places In Global Garment Export Ranking

Textile Insights January 30, 2024

Cambodia has jumped three places and became the eighth largest global apparel exporter in 2022 from 11th in 2021, as per data of the World Trade Organisation (WTO). “In 2021, the world’s top ten garment exporters were China, the European Union, Bangladesh, Vietnam, Turkey, India, Malaysia, Indonesia, Hong Kong and Pakistan, followed by Cambodia at […]

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Red Sea Crisis May Not Right Away Hit Textile Sector: CRISIL

Textile Insights January 29, 2024

Players operating in sectors like textiles, chemicals and capital goods may not be immediately impacted because of better ability to pass on higher costs, or because of a weaker trade cycle. “But a prolonged crisis over the next few quarters can make these sectors also vulnerable as working capital cycles would get stretched with orders […]

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Amid Red Sea Disruption German Shipper Offers Land Route

Textile Insights January 29, 2024

German shipping group Hapag-Lloyd will be introducing land corridors through Saudi Arabia to mitigate the impact on its business. But the German shipping giant will continue to route its vessels around the Cape of Good Hope until further notice due to Houthi attacks on vessels in the Red Sea. In a statement, the shipping company […]

Export

Uzbekistan Textile & Apparel Exports Slip 3.8% In 2023

Textile Insights January 29, 2024

Uzbekistan exported textile and garments totaling to US $3 billion in 2023, which is a 3.8 percent slip over its previous year. Among these, exports of yarn reached $1.2 billion and accounted for 41 percent of all textile and garment exports. “While exports of finished textile products also touched $1.2 billion and accounted for 41.1 […]

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Between 2018 & 2023 Bangladesh apparel exports surge 43.9%

Textile Insights January 23, 2024

In the six year period between 2018 and 2023, Bangladesh apparel exports surged from US $32.93 billion in 2018 to $47.39 billion in 2023, posting a significant growth of 43.91 percent in the six years. “Overseas shipments of Bangladesh garments grew to $33.07 billion in 2019, but due to the start of the pandemic, these […]