Textile Market Feature

The United States Department of Agriculture (USDA) released its September 2024 World Agricultural Supply and Demand Estimates (WASDE) report, offering a revised outlook on the global cotton market for the 2024-25 marketing year.

In a significant step towards a more sustainable textile industry, Lycra Company introduced its groundbreaking bio-based spandex at Yarn Expo Shanghai, held from August 27-29, 2024.

The Indian textile, apparel, and fashion retail sector is on the path to recovery, albeit cautiously, says a new report by Avendus Spark.

The Indian textile industry, is facing a formidable challenge: the escalating cost of fibers. This price rise is casting a shadow over the industry's competitiveness on the global market, raising concerns among manufacturers and exporters. Cotton: The price of cotton, a staple fiber for Indian textiles, has been on a roller coaster ride. As of date, cotton prices have increased almost 25 per cent compared to the same period last year. This price volatility is creating uncertainty for textile manufacturers, making it difficult to plan production and manage costs.

The US ban on cotton from China's Xinjiang region, implemented over concerns of forced labor, has sent ripples through the global cotton yarn trade, impacting China's exports and imports while opening opportunities for other supplier countries, most notably India. China, once a major importer of cotton from the United States, has seen a dramatic decline in imports from the US following the ban. The gap left by the US has been filled by other countries, with Brazil, India, and Australia emerging as key suppliers.

The Chinese polyester industry witnessed a surge in exports in July, reaching 1.047 million tons, marking a 197,000-ton increase year-on-year. However, this figure also represents a 67,000-ton decrease compared to June. The overall export performance for polyester products in 2024 has been favorable, with total exports from January to July reaching 7.185 million tons, an 802,000-ton increase year-on-year. Despite this positive trend, the market continues to exhibit disparities across different product categories.

The Indian government's decision to once again defer the implementation of the Quality Control Order (QCO) on cotton has sent ripples through the textile industry. This move, which pushes back the effective date to August 2025 highlights the complexities surrounding QCO implementation and its diverse impact on different segments of the industry. The QCO, designed to improve the quality of Indian cotton exports, mandates that ginning units meet stringent quality standards for moisture, trash, and other factors. To comply with these standards, ginning units must invest in modern machinery, a significant financial burden for many, especially small and medium-sized enterprises (MSMEs).

The Chinese synthetic fiber market is undergoing a alteration, with notable changes in the dynamics of polyester, nylon, and spandex. Since the beginning of the year, the price of polyester and nylon has fluctuated due to a complex interplay of supply and demand, seasonal variations, and cost changes. Meanwhile, spandex, a fiber known for its elasticity and used in various applications from sportswear to medical textiles, has been in a state of decline, with prices consistently falling. This divergence in price trends reflects deeper shifts within the Chinese market and has implications for the global consumption of various fibers, including in India.

Viscose, a popular fabric loved for its soft drape and versatility, hides a dark secret. According to a report by CanopyStyle, a non-profit focused on sustainable forestry practices, over 300 million trees are logged annually to feed the world's viscose production. This raises a critical question: can our love for fashion come at the cost of our precious forests? As per Textile Exchange global viscose production is estimated to be around 6.5 million tonnes annually. India, a major textile hub, contributes significantly to this number. The Confederation of Indian Textile Industry (CITI) reports that India's viscose production capacity is around 1.3 million tonnes per year, making it the world's third-largest producer.

The global textile industry, a behemoth influencing fashion, home decor, and beyond, is undergoing a change.

Australia, often synonymous with vast landscapes and unique wildlife, is also a global powerhouse in the cotton industry.

The Textile Exchange's latest Materials Market report offers a comprehensive snapshot of the global fiber landscape, revealing a complex interplay of consumer preferences, technological advancements, and environmental concerns.

The Bangladeshi textile industry, a powerhouse in garment exports, is facing a challenge within its supply chain: yarn sourcing.

The Indian textile industry is facing great pressure as the gap between domestic and international prices of key synthetic fibers, PSF (Polyester Staple Fiber) and VSF (Viscose Staple Fiber), continues to grow.

India's textile industry, a traditional powerhouse, is facing a period of uncertainty.

The Indian government has unveiled a comprehensive package aimed at transforming the textile and leather industries.

India's man-made fibre (MMF) textile sector is facing a significant downturn, with exports falling by 11 per cent  to $9.03 billion in FY24 and apparel exports specifically dropping by 22 per cent compared to the previous year.

The apparel industry, a mainstay of our wardrobes, faces a harsh reality check.

A recent report by a leading market research firm forecasts a significant rise in global spinning machinery market size.

The Bangladesh garment industry, a global readymade garments powerhouse, is increasingly exploring local sourcing of yarn to strengthen its supply chain and enhance sustainability. As Md. Reazul Ahsan, President,