- FISH launches fabric intelligent search
- Apr 04,2023
- The Intertextile Shanghai Apparel Fabrics-Spring Editon was grandly held at the National Exhibition and Convention Center in Shanghai from March 28th to 30th. Two heavyweight products of FISH (Fabric Intelligence Search Hub), FISE (Fabric Intelligence Search Engine) and PLSS (Product Library Selecting System), made their simultaneous debut at the Digital Fashion Innovation Space and corporate booths. The booth layout and intelligent products, inc...
- Vietnam's trade with 11 Asian markets will grow to $465 billion by 2030
- Mar 22,2023
- According to an industry study released by UPS, by 2030, the trade volume between Vietnam and 11 major Asian markets may greatly increase from the current $326 billion to $465 billion. According to the report, Australia, China, Hong Kong, Indonesia, Japan, Malaysia, the Philippines, Singapore, South Korea, Taiwan Province, Thailand and Vietnam are called the top 12 markets in Asia, accounting for 88% of intra-Asian trade. Retail, indust...
- BTMA welcomes digital dyeing and finishing pioneer Alchemie
- Mar 22,2023
- Alchemie Technology is the latest fast-rising company to join the British Textile Machinery Association (BTMA), as all of the organisation’s members gear up to showcase an array of new innovations at ITMA 2023 in Milan from June 8-14 this year. Cambridge-headquartered Alchemie is the inventor of two ground breaking technologies – EndeavourTM and NovaraTM. The Endeavour digital dyeing system produces no wastewater and reduces wate...
- China's apparel exports to UAE slip to $2.627 bn in 2022
- Mar 22,2023
- China’s apparel exports to United Arab Emirates (UAE) slipped to $2.627 billion during 2022. The country exported apparel worth $2.810 billion in the preceding year. The outbound trade was hit during the COVID year 2020, but the exports bounced back the very next year. China is a leading supplier for importers in the UAE. Exports to the UAE peaked at $3.251 billion during 2017 but declined to $2.462 billion in 2018 and $2.445 billion in...
- Online sales of luxury goods in China exceeded 200 billion yuan
- Mar 22,2023
- Recently, Yaok Institute, a professional research and consultancy institution in China's high-end consumption field, released the 2022 China Luxury Report, which is the 13th consecutive year that Yaok Institute released the report. According to the report, due to the poor logistics caused by long-term closure, more offline consumption has been transferred to online, resulting in rapid growth. In 2022, the sales of...
- 60% US consumers plan to spend on luxury clothing; 36% on shoes
- Mar 22,2023
- Around 62 per cent of US-based consumers surveyed in January 2023 plan to spend the same or more on luxury compared to the last three months. Respondents with an income of over $200K plan to prioritise spending on clothing after travel, events, and activities. Sixty per cent said they were buying clothing and 36 per cent would spend on shoes for their upcoming trips. Women respondents wanted to embrace spring fashion, such as colourful s...
- Global economic slowdown to affect Indian textile & apparel industry
- Mar 21,2023
- India's textile and apparel industry is facing a severe blow due to the global economic slowdown and declining global trade. The industry heavily relies on developed economies such as the US and European Union (EU) markets, and the decline in exports to these regions has been consistent since July 2022. In the first half of 2022, India exported textile and apparel goods worth $22.33 billion, but in the second half of the year, the exports fell t...
- Results of the 18th ITMF Global Textile Industry Survey
- Feb 23,2023
- The business situation is at a new low point since ITMF started the Global Textile Industry Survey in 2021. High inflation and rising interest rates are the main current drivers of the global economy, but the core problem of the textile supply chain in 2023 are high inventories at the brand and retail level. With the opening of economies around the world after the COVID crisis, consumers had the opportunity to spend the money they could not durin...