Textile Market Feature

The recent rise in cotton prices in India has created a ripple effect across the textile industry, sparking concerns and prompting calls for action. While some, like the Southern India Mills' Association (SIMA), advocate for a balanced approach, others highlight the potential long-term impacts of this trend. The removal of cotton from Essential Commodities Act...

The USDA Cotton Outlook, released in December 2023, paints a cautiously optimistic picture for the 2023-24 season and offers promising projections for 2024/25. Here's a breakdown of the key insights:Global production Slight surplus anticipated in global cotton output. Production is forecast at 112.8 million bales. The forecast is a dip of 3 per cent to 112.8 million...

Cotton prices are soaring worldwide, reaching record highs on the international market, and India finds itself at a crossroads. While the global price surge presents a potential export boom, concerns about its sustainability and the impact on the domestic textile industry loom large. This has created a complex scenario for India, with potential benefits and...

The textile industry has long been a cornerstone of India's economy. But the threads of the yarn industry, the vital foundation of this sector, are facing numerous challenges. Rising cotton prices, global competition, and a sluggish domestic market threaten to unravel the industry's progress. Yet, amidst these concerns, innovation, and resilience weave positivity about the future.

The Indian shirting fabric industry, long dominated by cotton, is witnessing a fascinating shift in fibre play. Driven by rising consumer demands for sustainability, comfort, and performance, manufacturers are increasingly incorporating alternative fibres like linen, viscose, and even recycled polyester into their offerings. This trend is evident across different manufacturing...

Year 2023 wasn't just a bad one it was a brutal for Indian cotton spinners. Battered by a global yarn price crash, rising input costs, and limited access to affordable financing, many saw their profits evaporate, replaced by mounting losses and a bleak outlook. The story of Vardhman Textiles, a leading Indian spinner, exemplifies the widespread...

The Indian textile industry walks a tightrope balancing between cautious optimism and lingering unease after the interim Budget. While acknowledging the 27.6 per cent increase in Budget allocation for textiles, a closer...

Defying seasonal sluggishness, the Asian textile industry is experiencing vibrant growth in demand for Viscose Staple Fiber (VSF), a key material in rayon yarn production. This demand boost, observed throughout...

Buoyed by a growth in exports and rising domestic demand, India's cotton spinning industry is poised for a remarkable 12-14 per cent growth in the current financial year (FY24), says ICRA a leading credit rating agency. This translates...

The Chinese spandex industry navigated a rollercoaster ride in 2023, with exports experiencing a mixed bag of declines and unexpected highs. While overall volume dipped slightly by 2 per cent to 69.6kt tons compared to...

The global polyester fiber market is expected to reach $151.6 billion by 2028, growing at a CAGR of 8.2 per cent from 2023 to 2028, according to a new report. Polyester is a versatile and durable synthetic fiber that is used in a wide range of applications, including textiles, apparel, home furnishings, and industrial products. The increasing demand for polyester is being...