Growing at a CAGR of 15.1 percent from 2021 to 2028, the worldwide abaca fiber market is expected to reach USD 1.7 billion by the end of the forecast period. As per a Textile Focus report, growth in the market would be promoted by the adoption of natural fibers as a substitute for harmful
Prices of textiles and garments made in China are likely to rise by 30 to 40 percent in the coming weeks on account of planned shutdowns in industrial provinces of Jiangsu, Zhejiang and Guangdong. The shutdowns are due to the government’s effort to reduce carbon emissions and shortage of e
In the new era of continuous deepening of centurial changes and the new starting point of two centurial converging, the establishment of goal of carbon peak, carbon neutrality and the rapid development of digital economy have brought new challenges and opportunities to the global textile i
The prosperity monitoring results of the China Commercial Circulation Association of Textile and Apparel (CATA) show that in August 2021, the national textile and apparel specialized market manager’s prosperity index was 50.38, unchanged with July; the specialized market merchant’s pro
To fully utilise generalised scheme of preferences plus (GSP+) benefits, Sri Lanka’s apparel industry must increase the share of value-added products in its exports to the European Union (EU) from 52 percent to 65 percent at the earliest possible and vertical integration of the country’s a
Economic activity in the U.S. manufacturing sector grew in August, with the economy notching a 15th consecutive month of growth, says the latest Manufacturing ISM Report on Business released by the Institute for Supply Management based in Tempe, Arizona. The August manufacturing purchasing