- 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 $22.33 billion, but in the second half of the year, the exports fell t...
- Results of the 18th ITMF Global Textile Industry Survey
- Feb 23,2023
- The business situation is at a new low point since ITMF started the Global Textile Industry Survey in 2021. High inflation and rising interest rates are the main current drivers of the global economy, but the core problem of the textile supply chain in 2023 are high inventories at the brand and retail level. With the opening of economies around the world after the COVID crisis, consumers had the opportunity to spend the money they could not durin...
- ITMF’s Cotton Contamination Survey n°16/2022 reveals decreasing levels of contamination and stickiness
- Feb 23,2023
- “ITMF’s Cotton Contamination Survey 2022 shows that the level of contamination of raw cotton by foreign matters and stickiness have decreased compared to 2019. At the same time the appearance of seed-coat fragments remained the same. The survey also reveals significant differences between cotton varieties.” These are the main conclusions from the “Cotton Contamination Survey n°16/2022” which has just been released by the International Textile Man...
- Texworld Evolution Paris to return in July 2023 post hit Feb edition
- Feb 23,2023
- Texworld Evolution Paris received nearly 8,000 visitors from some 20 countries during its February 2023 edition, a sign of the resumption of business between the European fashion industries and the major sourcing countries. The date is set for the summer edition, which will take place from July 3–5 at the new venue in Paris, Porte de Versailles Expo Centre, where some 1,300 exhibitors are expected. After three years of crisis, the alleys of Te...
- Textile Staples Market to Exhibit Total Revenue of US$ 275.48 Bn by 2032 Attributing to the Widespread consumption of Natural Staple Fibers
- Feb 17,2023
- The global textile staples market is expected to witness lucrative growth opportunities over the projection period from 2022 to 2032 with sales projected to surge at a CAGR of 5.5%. The global market is valued at US$ 1,61,280.2 Mn in 2022 and is anticipated to reach US$ 2,75,489.9 Mn by 2032. The growth in the market is attributed to the widespread consumption of textile staples in several end-use industries such as apparel, general and leisure,...