Export

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

Export

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 […]

Export

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 […]

Export

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 […]

Export

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 […]

Export

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 […]

Export

Textile Industry Seeks Higher Duty On Knitted Fabric Imports

Textile Insights January 22, 2024

The first-ever meeting of the newly constituted Textile Advisory Group (TAG) for manmade fibre under the Ministry of Textiles has offered hope for changes in customs duty on knitted fabrics to reduce imports. “We raised the issue of illegal and undervalued import of Chinese knitted fabric, which is mixed with woven fabric,” RK Vij, Secretary […]

Export

Chinese Textile & Apparel Exports Post Slight Fall In December

Textile Insights January 20, 2024

Chinese exports of textiles and apparels were down slightly by 0.10 percent year on year and touched US $25.27 billion in December 2023. Of this, textile overseas shipments totaled $11.21 billion, growing by 1.85 percent over same month of its previous year and garment exports were down by 1.60 percent and reached $14.07 billion. In […]

Export

Vietnam Textile & Garment Exports Expected To Prosper In 2024

Textile Insights January 15, 2024

Vietnam’s textile and apparel exports to the US market are expected to prosper in 2024, as Vietnamese textile and garment exporters already have orders in hand till end of first quarter of 2024. According to a VinaCapital Group report, export orders are expected to rise in 2024, as inventories with US clothing brands and retailers […]