Trade & Market

India Withdraws Trans-Shipment Facility For Bangladesh Export Cargo

Textile Insights April 10, 2025

The government has withdrawn the trans-shipment facility that allowed Bangladesh to export goods to third countries via Indian land customs stations, ports, and airports. The facility, introduced in June 2020, enabled seamless cargo movement to nations such as Bhutan, Nepal, and Myanmar using

Trade & Market

Vietnam-India Business Meeting Strengthens Trade And Investment Ties

Textile Insights March 29, 2025

A Vietnam-India business meeting was held in New Delhi on March 26 to support Vietnamese enterprises in enhancing competitiveness and expanding their presence in the Indian market, further strengthening bilateral trade and investment. Ranjeet Mehta, Secretary-General and CEO of the PHD Chamber of Commerce and Industry (PHDCCI), emphasized the trade potential between both

Trade & Market

Bangladesh Set To Gain As U.S. Tariffs Reshape Global Cotton Jersey Market

Textile Insights March 20, 2025

Global trade dynamics for cotton jerseys and pullovers (HS-611020) are shifting as the U.S. imposes higher tariffs on Chinese exports, positioning Bangladesh and Cambodia to benefit from the evolving market landscape. Cotton jerseys and pullovers remain among the most imported apparel items worldwide, valued for their versatility, comfort, and consistent year-round demand.

Trade & Market

Indonesia Pushes For Early Completion Of IEU-CEPA To Boost Textile Industry

Textile Insights March 20, 2025

The Indonesian government has called for the swift completion of the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA) to protect and strengthen its textile industry amid global geopolitical uncertainty. Coordinating Minister for Economic Affairs Airlangga Hartarto highlighted that the European Union (EU) is Indonesia’s largest market for

Trade & Market

Global Fibre Market Reaches Record Production In 2023

Textile Insights October 10, 2024

The global fibre market experienced a significant surge in 2023, with total production reaching an unprecedented 124 million tonnes, marking a major milestone for the industry. This represents a notable increase from 116 million tonnes in 2022, and more than double the production levels from the year 2000, which stood at 58 million tonnes. These […]

Trade & Market

Maersk Opens Largest Middle East Logistics Park At Jeddah Port

Textile Insights August 22, 2024

A.P. Moller – Maersk and Saudi Arabia’s General Ports Authority, Mawani, have inaugurated the largest logistics park for Maersk in the Middle East, located at Jeddah Islamic Port. The ceremony was attended by notable figures including Engineer Saleh bin Nasser Al-Jasser, Minister of Transport and Logistics Services, Omar bin Talal Hariri, Chairman of Mawani, and […]

Trade & Market

India Follows Trend As Global Trouser Export Market Declines Across The Board In 2023

Textile Insights August 10, 2024

The 2023 global trouser export market faced significant challenges, with declines across most categories and regions, writes Henry Dsouza, Associate Editor, Textile Insights In 2023, the global trouser export market experienced a notable downturn, with total exports amounting to US$ 105.35 billion, reflecting an 8.76% decline compared to the previous year. Woven men’s

Trade & Market

Policy Countermeasures Offer Respite To Poly Yarn Makers In 2024-25: CRISIL Ratings Report

Textile Insights August 10, 2024

Recovery in profitability amid curbs on cheaper imports and modest capex support credit profiles After two years of subdued performance, India’s polyester yarn manufacturers will see operating profitability recover by 100-150 basis points (bps) to 7-8% this fiscal, because of countermeasures taken by the government to curb import of cheaper competing products, according to

Trade & Market

Ocean Freight Container Shipping Market Peaks As Spot Rates Show Signs Of Easing

Textile Insights July 25, 2024

The dramatic surge in ocean freight container shipping rates appears to be reaching its peak, with importers increasingly resisting the skyrocketing spot rates. According to data released by Xeneta, average spot rates from the Far East to the US East Coast increased by 3.7% on July 15, reaching US$ 10,045 per FEU (40ft equivalent unit). […]

Trade & Market

Jute Makers To See Margins Drop For Second Straight Fiscal

July 14, 2024

Operating margins of jute manufacturers are expected to shrink by approximately 50 basis points (bps) this fiscal due to wage hikes and subdued demand in the more profitable export markets. This marks the second consecutive year of declining profitability. Despite this, their credit profiles will remain stable due to strong procurement by government agencies, healthy […]