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Apparel, footwear to be ‘deprioritized’ with consumer shift in purchases in…

Apparel, footwear to be ‘deprioritized’ with consumer shift in purchases in 2023: McKinsey- BOF report

  The much-awaited ‘The State of Fashion 2023’ report launched on the second day of the annual gathering of industry experts in London by the Business of Fashion Voices in association with McKinsey & Co reiterates a fact that has already been trending, i.e. global slowdown of the fashion sec... Read more

Consumers can look forward to lower apparel pricing in 2023

Consumers can look forward to lower apparel pricing in 2023

  Every cloud has a silver lining and industry analysts are predicting good things for 2023. After rampant inflation in 202, with disruption in supply chains after the pandemic, there is a positive projection that the cost of goods as a whole, including apparel, should start to come down by next year. US-b... Read more

Gen Z to drive growth in gender fluid fashion in 2023 says, BOF-McKinsey’s …

Gen Z to drive growth in gender fluid fashion in 2023 says, BOF-McKinsey’s ‘State of Fashion 2023’ report

   Year 2023 shows a greater acceptance and following of gender-fluid fashion as detailed research in the just published Business of Fashion and McKinsey & Company’s report ‘State of Fashion 2023’ reveals. Gen Z is the key segment driving popularity as this generation does not ide... Read more

Textile chemical market grows by four per cent

Textile chemical market grows by four per cent

  The global market for textile chemicals is growing by four per cent a year. Textile chemicals are used in many parts of the manufacturing process to ensure that fabrics, yarns, and fibers are produced with consistent results across multiple batches. In addition, textile chemicals can help create innovat... Read more

Almost 56% top fashion industry leaders expect a slowdown next year: says M…

Almost 56% top fashion industry leaders expect a slowdown next year: says McKinsey-BOF The State of Fashion 2023 Report

    The Russia-Ukraine war, growing inflation and supply chain pressures are two of the biggest threats to the global fashion industry in the run-up to a challenging year, states The State of Fashion 2023 released by The Business of Fashion and McKinsey & Company today. The other key insights of the... Read more

October textiles exports a downer for India

October textiles exports a downer for India

    The world of international trading has been grappling with one challenge after the other since the pandemic, followed by the war theatrics Europe. Many sectors had roller coaster rides and are continuing to do so, trying their best to keep their heads above the water. For the Indian textile exporter... Read more

Unpredictable times for global brands as inflation, war hit consumer sentim…

Unpredictable times for global brands as inflation, war hit consumer sentiment

     At the beginning of 2022, across the world few brands were surpassing their pre-Covid performances. They benefited from a burst of pent-up consumer demand that was expected to continue. But the Ukraine War, cost-of-living crisis and ongoing supply chain issues has eroded this optimism somewhat... Read more

Intex India- The Leading International Textile Sourcing Show in South Asia

Intex India- The Leading International Textile Sourcing Show in South Asia

     • Intex India – The Leading International Textile Sourcing Show in South Asia • Exhibitors from 10+ countries across South Asia, South East Asia, China, MENA Region, the EU, Central Europe, the USA and Central America • 125+ Leading Manufacturers from around the world an... Read more

CRISIL predicts gradual rise after a current slowdown in 2023

CRISIL predicts gradual rise after a current slowdown in 2023

    Weak consumer demand and the slowing down of private investments are the main reasons behind the global slowdown which is pulling down India’s export figures and industrial activity, according to the Union Budget 2023. Catching up to pre-pandemic levels is not a walk in the park for the appare... Read more

Despite recession fears, global luxury market grows 21%, outlook bright: Ba…

Despite recession fears, global luxury market grows 21%, outlook bright: Bain

    The global luxury market has grown 21 per cent from 2021, says a recent report by Bain & Co. and Altagamma. Despite worsening economic conditions, high inflation and rising costs of living, coupled with ongoing Covid restrictions, some 95 per cent luxury brands have clocked in positive growth in... Read more

Remake’s Fashion Accountability Report 2022 shows fashion companies not mee…

Remake’s Fashion Accountability Report 2022 shows fashion companies not meeting green commitments

  After the two years of the pandemic that turned the world upside down, Remake World – a global advocacy organization that fights for fair pay and climate justice in the $3 trillion clothing industry- is all out to revamp sustainability issues and repair and remake the future of fashion. Remake Worl... Read more

Indian cotton gains market share in Turkey’s textile sector

Indian cotton gains market share in Turkey’s textile sector

  October 2022 saw a decline of cotton prices globally and Turkish cotton growers are feeling the pinch as they are struggling to control their production cost to meet worldwide prices. However, between January and October 2022, Turkiye has seen an overall growth in its textile exports, primarily led by Afr... Read more

Delhi to host 10th Intex India from December 8, leading buyers from India a…

Delhi to host 10th Intex India from December 8, leading buyers from India and abroad to attend

      The 10th Intex India, a premier International Textiles Sourcing Show in South Asia, will be held in New Delhi from December 8 to 10, 2022. Showcase fabrics, accessories from across the world To keep accelerating India positive growth story, Intex India will showcase international suppl... Read more

Economic slowdown in the West will affect global apparel exports in 2023: W…

Economic slowdown in the West will affect global apparel exports in 2023: Wazir Advisor

   Wazir Advisor’s latest report, ‘Apparel Trade Scenario in Key Global Markets and India - Nov 2022’ reveals India’s garment export was not up to the mark at all, having suffered a decrease of 24 per cent compared to October 2021. However, on YTD basis the exports are 11per cen... Read more

Clean Clothes Campaign red flags Pakistan on safety

Clean Clothes Campaign red flags Pakistan on safety

  Since 1989, Netherlands-based Clean Clothes Campaign has been working for the interest and betterment of workers in the textile and garment industries. It is now a global network of 235 organizations across 45 countries, helping identify work-force related issues that workers in these industries face and ... Read more

India should focus on emerging as the world’s largest producer and exporter…

India should focus on emerging as the world’s largest producer and exporter of hosiery, says Rikhab Chand Jain

  Good times are spinning for the Indian hosiery industry expectations unfold for a ten-fold growth in the next 25 years with focus on a long-term adoption of good cotton farming practices and India becoming more self-reliant. Like a fish in troubled waters, now is the time for India to increase its global ... Read more

Its return to luxury as sales rise across the world, Asia leads the pack

Its return to luxury as sales rise across the world, Asia leads the pack

    When the sector’s growth percentage for 2022 is at 22per cent, then luxury can claim to have returned to its pre-pandemic glory. As per a Bain & Company Luxury Study presented earlier this week in Milan, the news is good for a sector that took a beating during the last two pandemic years. ... Read more

Vietnam textile industry faces demand decline due to slowdown

Vietnam textile industry faces demand decline due to slowdown

  Vietnamese textile and garment factories are currently in muddy waters as they are facing lower-than-expected orders from key trading partners along with a decline in cotton and yarn, fabrics and textile exports over the last two months of September and October. The fluctuations are however slight and an... Read more

Make in India project can help transform textiles sector

Make in India project can help transform textiles sector

  From a proud stamp of ‘Made in India’, Modi’s vision of a ‘Make In India’ dream project has now completed eight years with annual FDI doubling to $83 billion while transforming the country into a leading global manufacturing and investment destination. This flagship program o... Read more

COP 27 puts the spotlight on fashion

COP 27 puts the spotlight on fashion

    With COP 27 underway at Egypt’s Sharm El Sheikh, the fashion industry and its associates are present in large numbers to attend exhibitions, discussions and announcements pertaining to the sector that is under the spotlight for its excesses. For a while now, the global fashion industry has bee... Read more

US Cotton Trust Protocol gains worldwide recognition

US Cotton Trust Protocol gains worldwide recognition

  The US Cotton Trust Protocol established in 2020, has become the international benchmark for the sustainable farming of cotton worldwide in two years. Its commitment, transparency, meticulous data capture and aggregation that leads to annual reports has won over more than 40 global brands as members, such... Read more

Comfort, sustainability drives global loungewear market, APAC leads growth:…

Comfort, sustainability drives global loungewear market, APAC leads growth: Study

  The world spent two years in lockdown, with varying intensities based on local laws and work from home became the norm. Indeed, professionals are finding it hard to break in 2022. Is it any wonder then that sleepwear and loungewear the preferred garments for spending time at home has turned to comfortable... Read more

India’s Gujarat clusters face dwindling orders

India’s Gujarat clusters face dwindling orders

    Gujarat’s industrial clusters are losing order volumes and revenues to falling demand. As orders dwindle, operating margins are shrinking.A trifecta of headwinds — high domestic cotton prices, dwindling exports and grossly underutilized capacities — has eroded the profitability of ... Read more

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Reduce source tax, say exporters

   Garment manufacturers and exporters in Bangladesh want the tax at source on the... Read more

US sets record Black Friday sales: Adobe

   Online Black Friday sales in the US this year set a new record. So says Adobe A... Read more

A Cat Eye View Cat Eye <br />China Insight
CHINA INSIGHTS

Contributed by Mr. Zhao Hong & Ms. Xing Rong

Amid unprecedented Non Woven growth, China revises mask quality standards

Amid unprecedented Non Woven growth, China revises mask quality standards

With the daily output of masks touches over 20 million, China introduces new standards for... Read more

China: Silk city Shengze is pilot zone for the world-class textile cluster

China: Silk city Shengze is pilot zone for the world-class textile cluster

  Shengze, home to the largest silk wholesale market known for silk and man-made s... Read more

India: Textile and garment units cease operations in Tamil Nadu

   Some 300 textile and weaving units in Tamil Nadu, India plan to shut down for s... Read more

Shima Seiki to exhibit at ITME

   Shima Seiki will exhibit at India ITME, Noida, December8 to 13, 2022. The Japan... Read more

India: PLI replaces ATUFS

   India will promote the development of textile machinery through a production li... Read more

Pure London to feature eminent speakers

   At the UK’s leading trade fashion buying event, Pure London, February 12 ... Read more

Lenzing hosts conclaves in India

   Lenzing hosted conclaves in Surat and Mumbai. India is one of the key markets f... Read more

Chinese Oct exports to EU down nine per cent

   China’s exports to the EU dropped by nine per cent in October 2022. China... Read more

Bangladesh retains much of garment receipts

   Bangladesh has managed to retain nearly 67 per cent garment export receipts, th... Read more

FTA will boost Indian exports to UAE

   The free trade agreement between India and the UAE will give duty free access t... Read more

India: Exports of children’s wear up 16 per cent

   From January 2022 to September 2022 India’s exports of children’s w... Read more

India’s cotton yarn exports down 70 per cent

   India’s cotton yarn exports fell 70 per cent during September 2022. Cott... Read more

US suit imports up 105 per cent

   American imports of suits from January 2022 to September 2022 grew by 105 per c... Read more

Global high performance textile market up nine per cent

   The global high-performance textile market is growing at nine per cent a year. ... Read more

Sportswear market grows by six per cent

   The global sportswear market is growing by six per cent a year. The rising dema... Read more

Cambodia T&A exim up till Sept, Oct’22 numbers down

   Cambodia’s apparel exports in the first ten months of 2022 rose by 18 per... Read more

Indian apparel displayed at Dubai fair

   Indian apparel exporters are having a presence at International Apparel and Tex... Read more

Cotton production falls in India

   Cotton production in India is either declining or stagnant. So says the RBI. Pr... Read more

Made in Bangladesh event highlights progress

   Made in Bangladesh Week was held from November 12 to 18, 2022, organized by BGM... Read more

Indian exporters welcome FTA with Australia

   India’s free trade agreement with Australia is expected to come into forc... Read more

Top brands exhibit at Denim Premiere Vision Italy show

   Denim Premiere Vision was held in Italy, November 23 and 24, 2022. The speciali... Read more

US garment imports up 34 per cent

   America’s imports of garments between January 2022 to September 2022 incr... Read more

Global retailers saddled with unsold clothing

   Fashion retailers across the spectrum are sitting on piles of unsold clothing. ... Read more