Textile Market News

The global wool yarn market, valued at nearly $38.5 billion in 2023, is expected to grow over 4 per cent annually until 2029. This increase is driven by a rising demand for high-quality, innovative wool yarns.

Good news for apparel manufacturers in the Dominican Republic, Central America, and the United States! The US Committee for the Implementation of Textile Agreements (CITA) has ruled that specific nylon dobby weave fabrics are not readily available in these countries.

Indian textile giant Trident witnessed a sharp 25 per cent plunge in its third-quarter profit, despite a 12 per cent jump in revenue driven by festive season sales. This profit drop is attributed to a 16 per cent increase in overall expenses, with raw material costs rising 9 per cent.

Indian textile giant Trident witnessed a sharp 25 per cent plunge in its third-quarter profit, despite a 12 per cent jump in revenue driven by festive season sales. This profit drop is attributed to a 16 per cent increase in overall expenses, with raw material costs rising 9 per cent.

The textile world is gearing up for a vibrant showcase of cotton yarn innovations as the Yarn Expo Spring approaches. Scheduled from March 6-8, 2024, at the National Exhibition and Convention Center in Shanghai, the event promises to connect international players and fuel business opportunities across the cotton sub-sector.

The textile hub of Tiruppur is facing a potential labor crisis as thousands of migrant workers, primarily from Uttar Pradesh and Odisha, are returning to their home states.

Athletic apparel giant Under Armour has teamed up with specialty materials and chemicals company Celanese Corporation to develop a game-changing fiber for performance wear: Neolast.

The government has committed to bolstering the country's silk and wool industries with a significant increase in budgetary support announced in the recent interim budget.

Trade in cotton yarn across North India, including major hubs like Ludhiana, has witnessed a significant slowdown following the implementation of a new payment rule.

Recyctex, a textile innovation company, has created two revolutionary recycled polyester yarns, ReTraze Island Plastic and ReTraze Aqua-, made from plastic waste collected from these fragile ecosystems.

Asia Pacific Rayon (APR), a leading viscose staple fibre producer, made a strong presence at the 18th Dhaka International Textile and Garment Machinery Exhibition (DTG).

Italian yarn giant Fulgar has launched its flagship EcoLife yarn, officially certified biodegradable.

Lagnam Spintex, a Rajasthan-based textile company, saw its shares increase 15 per cent to hit the upper circuit, after it announced the commencement of commercial production at its expanded manufacturing plant months ahead of schedule.

The Cotton Corporation of India (CCI) has stepped up its game in Madhya Pradesh, procuring a record-breaking six lakh quintals of cotton since the season began in October.

In the first half of 2023, the price trajectory of nylon filament yarn in Asia experienced significant fluctuations.

The cotton and textile industry is facing renewed shipping challenges, though not as severe as the pandemic disruptions.