Textile Market Feature

The fancy yarn market is poised for significant growth, with a projected CAGR of 5.7 per cent until 2031, reaching $9.8 billion. This trend reflects the increasing demand for unique textures, colors, and functionalities in various textile applications.

The Cotton Corporation of India (CCPC), has revised its estimates for the 2022-23 cotton season (October-September) downwards. The agency now pegs production at 336.60 lakh bales (of 170 kg each), a significant drop from the 343.47 lakh bales estimated earlier.

China hosted the Shanghai Yarn Expo from March 6 to 8. The three day event attracted textile players from across the world. The event once again established China’s importance as a top player in the global yarn market. However, China’s yarn sector has faced several challenges in the post-Covid era. And several trends have emerged clearly.

The just concluded Yarn Expo 2024, held in Shanghai from March 6th to 8th, witnessed a strong showing from Indian yarn manufacturers.

Yarn Expo 2024, held in Shanghai from March 6th to 8th, was a vibrant display of cutting-edge trends and advancements in the world of fibers and yarns.

The luxurious world of cashmere yarn is spinning a tale of robust growth, says new report by market research firm, MR Accuracy.

The global spandex market is currently experiencing a phase of oversupply following the Spring Festival holiday in China.

In a sweeping transformation of India's textile industry, the enforcement of a rigorous Quality Control Order (QCO) in April saw imports of viscose staple fibre (VSF) plummet almost 65 per cent in less than a year.

India's apparel industry confronts a pressing challenge meeting the demand for mixed synthetic clothing, resulting in a dwindling share of global exports, as per a Global Trade Research Initiative (GTRI) report

India, the land where cotton is revered as ‘White Gold’ faces a complex scenario. While boasting of the largest area under cotton cultivation and being the second largest producer and consumer, the sector grapples with declining yields, climate change woes, and market access hurdles.

Indian textile industry is undergoing a shift, with polyester filament yarn (PFY) taking center stage. Driven by rising demand, economic advantages, and advancements in technology, this trend is not only reshaping the industry but also raising concerns about the impact on other fiber sectors, particularly cotton, polyester staple fiber (PSF), and viscose staple fiber (VSF).

Catherine Salfino in a recent article ‘Consumers Want More Natural Fibers — Here’s How to Innovate & Give Them What They Want,’ highlights the growing demand for natural fibers like cotton from consumers and the challenges the fashion industry faces in meeting this demand while ensuring sustainability and performance.

China's textile industry, once a global powerhouse, is facing headwinds. Weakening demand, rising costs, and fierce competition are putting pressure on profit margins and threatening the industry's future. The challenges are many.

In a major development, Pakistan's Customs Intelligence and Investigation (I&I) department has blocked all yarn imports from the United Arab Emirates (UAE) after uncovering a scheme involving illegal Indian yarn imports disguised as Thai goods.