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Vietnam Poised To Surpass Bangladesh In Garment Exports

Textile Insights December 27, 2024

Vietnam’s garment exports are projected to reach US$ 44 billion in 2024, marking an 11% year-on-year growth and positioning the country to surpass Bangladesh as the world’s second-largest garment exporter, according to a Vietnamese media report. In comparison, Bangladesh has set a

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Vietnam’s Garment-Textile Exports Set To Reach US$ 44 Billion In 2024

Textile Insights December 17, 2024

Vietnam’s garment-textile exports are projected to hit US$ 44 billion in 2024, marking an 11.26% increase from 2023, according to the Vietnam Textile and Apparel Association (VITAS). Imports are estimated at US$ 25 billion, up 14.79%, resulting in a trade surplus of US$ 19 billion, a 6.93% rise over the previous year. VITAS President Vu […]

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Women’s Nightwear Driving 76% Of Global Market In 2023

Textile Insights December 10, 2024

The global nightwear industry is navigating a period of transformation, shaped by evolving consumer preferences and economic challenges. The emphasis on comfort and functionality is now complemented by a growing demand for sustainable and versatile options, writes Henry Dsouza, Associate Editor, Textile Insights Nightwear, including pyjamas, has transcended its traditional

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Tiruppur’s Apparel Exports Recover Notably With Surge In Export Orders

Textile Insights December 5, 2024

India’s textile hub, Tiruppur, is witnessing a remarkable recovery as apparel export units operate near full capacity, driven by a surge in orders from the United States and United Kingdom. The region’s 5,000 export units are now running at 95% capacity, a sharp rise from 60-65% just months ago. This growth is fueled by evolving […]

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Bangladesh’s Apparel Exports To EU Witness Mixed Trends In 2024

Textile Insights December 5, 2024

Bangladesh’s apparel exports to the EU rose 6.9% year-on-year in September 2024 to €1.53 billion, driven by strong knitwear demand. However, exports for January-September 2024 fell 2.47% to €13.43 billion due to sharp declines in the first quarter, according to Eurostat data. Knitwear exports dropped 5.04% to €7.93 billion, while woven garment exports rose 1.5% […]

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Vietnam’s T&A Industry Aims US$ 48 Billion In Exports By 2025

Textile Insights November 22, 2024

Vietnam’s T&A industry aims to achieve US$ 47-48 billion in export turnover by 2025, according to Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association (VITAS). The announcement was made during a press conference hosted by the Voice of Vietnam. The ambitious target builds on the sector’s strong performance in 2024, with export […]

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Uzbekistan Aims To Increase Textile Exports To India

Textile Insights November 6, 2024

Uzbekistan is looking to enhance its textile exports, particularly in knitwear, to the Indian market. Ambassador Sardor Rustamboyev met with Pabitra Margherita, the Union Minister of State for External Affairs and Textiles of India, to discuss strategies for expanding this trade. The meeting was part of the preparations for Bharat Tex, a significant international

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Indian Apparel Exports Set To Grow 9-11% In FY25: ICRA

Textile Insights October 24, 2024

Indian apparel exporters are projected to register 9-11% revenue growth in FY25, driven by the gradual liquidation of retail inventories in key global markets and a shift in sourcing to India, according to a report by ratings agency ICRA. The recovery follows a sluggish FY24, which saw exports decline by 2% due to high retail […]

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Nigeria’s Textile Exports Under AGOA Remain Minimal

Textile Insights October 24, 2024

Nigeria’s textile and apparel sector contributed only 0.01% of imports to the United States under the African Growth and Opportunity Act (AGOA) in 2023, according to Melissa Jones, USAID Mission Director. Jones disclosed this at an AGOA training workshop organized by USAID and Prosper Africa to help Nigerian businesses maximize the benefits of AGOA. AGOA, […]

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CITI: Textile Sector Records 12.38% Growth In September

Textile Insights October 17, 2024

India’s textile and apparel industry demonstrated impressive growth in September 2024, achieving a 12.38% rise in exports compared to the same period last year, according to a report by the Confederation of Indian Textile Industry (CITI). The surge was primarily driven by apparel exports, which increased by 17.30%, underscoring the growing global demand for Indian-made