Export

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

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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, […]

Export

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

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Global Bedlinen Exports Decline 10.17% In 2023 Amid Rising Demand For Sustainable Bedlinen

Textile Insights October 10, 2024

The global bedlinen export market represents a significant segment within the textile industry, largely driven by the rising consumer demand for home textiles and interior décor. Over recent years, this market has seen a considerable shift, with an increasing preference for eco-friendly and sustainable products, fueling demand for organic and sustainable bedlinen. As

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Pakistan’s Textile And Apparel Exports Rise Nearly 13% In August

Textile Insights October 9, 2024

According to the Pakistan Bureau of Statistics (PBS), textile and apparel exports grew by nearly 13% in August, reaching a value of $1.64 billion, up from $1.45 billion in the same month last year. This marks a significant rebound from July’s 3.1% decline and a year-on-year drop of 0.93% in June, highlighting concerns about potential […]

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Pakistan’s Textile Exports Up 5.37% In July- August 2024

Textile Insights September 18, 2024

Textile exports from Pakistan grew by 5.37% during the first two months (July and August) of the current financial year (2024-25), reaching US$ 2.92 billion compared to US$ 2.77 billion in the same period last year, according to the Pakistan Bureau of Statistics (PBS). Key contributors to this growth include cotton cloth exports, which rose […]

Export

Vietnam Secures Textile Orders Through 2024

Textile Insights September 5, 2024

According to the Vietnam Textile and Apparel Association (VITAS), several textile companies in Vietnam have secured orders through the end of 2024 and are already negotiating deals for the upcoming year. Key export markets such as the U.S., Japan, South Korea, and China have shown positive growth, contributing to a significant rise in export turnover. […]

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Bangladesh Exports Drop 4.34% In FY24 Due To RMG Decline

Textile Insights August 29, 2024

Bangladesh’s exports fell by 4.34% in FY24, totaling US$ 44.47 billion compared to US$ 46.49 billion in FY23, according to the Bangladesh Bank. This decline is primarily due to reduced shipments of ready-made garments (RMG), reflecting broader economic challenges. The Export Promotion Bureau (EPB) has yet to release the full FY24 export data. In July, […]

Export

Bangladesh Maintains Second Spot In Garment Exports

Textile Insights August 10, 2024

Bangladesh is a major player in the global garment industry and the country has maintained its position as the second largest player in the global garment trade with a 7.4 per cent market share. According to the WTO’s “World Trade Statistics 2023,” released on July 31, Bangladesh’s garment exports totaled $38 billion in 2023. However, […]

Export

India’s T&A Exports Show Steady Growth In Q1 2024

Textile Insights August 1, 2024

The latest quick estimates released by the Ministry of Commerce & Industry reveal a promising outlook for India’s textile and apparel sectors, showcasing steady growth during the first quarter of 2024 In June 2024, exports of cotton yarn, fabrics, made-ups, and handloom products saw a modest increase of 0.92% compared to June 2023, reaching US$ […]