Textile Market News

Global shipments of textile machinery increased in 2023, according to the International Textile Manufacturers Association (ITMF).

India's overall trade picture for June and Q2 2024 shows a mixed bag, with positive growth in overall exports but a widening trade deficit.

The European textile and clothing industry association, Euratex, has expressed strong support for the proposed reforms to the European Union's customs system.

Bangladesh and Vietnam are poised to become global leaders in cotton consumption and trade over the next decade, indicates OECD-FAO Agricultural Outlook 2024-2033.

PureCycle Technologies, in partnership with MiniFibers and Beverly Knits, has achieved a major milestone by producing high-quality textile samples using PureCycle resin derived from post-consumer recycled (PCR) waste.

The Indian Texpreneurs Federation (ITF) has called on the government to support policy changes to help the country's textile and apparel sector capitalize on the global shift away from China.

The Taliban-led Afghan government struck a deal to export 10,000 tons of cotton thread to China, a sign of potential economic progress for the war-torn nation.

Weavetech Engineers, a manufacturer of yarn preparatory machinery, marked its maiden appearance at ITM 2024 in Istanbul. The company showcased its innovative product line focused on high-value yarns and fabrics, targeting new markets in CIS countries and the Middle East. Weavetech aimed to raise awareness of Indian technologies for high-value textiles. Their electric sizing technology, which uses electricity instead of fossil fuels, attracted particular interest, aligning with Europe's focus on sustainability.

The knitwear cluster in Tiruppur, India, is looking to expand its reach by venturing into the export of man-made fiber (MMF) garments. This ambitious plan was discussed at a meeting between the Ministry of Micro, Small and Medium Enterprises (MSME), Tiruppur Exporters' Association (TEA), and other stakeholders. The MSME Secretary, SCL Das expressed support for exploring this expansion. He announced collaboration with NITI Aayog to develop achievable growth plans for Tiruppur in the MMF sector.

The Southern Gujarat Chamber of Commerce and Industry (SGCCI) will host the Yarn Expo - 2024 from August 9th to 11th at the Surat International Exhibition and Convention Centre, Sarsana. Covering 116,000 sq. ft, the event will feature over 80 exhibitors from various cities including Surat, Ahmedabad, Mumbai, and Bangalore. SGCCI President Vijay Mewawala emphasized the expo aims to boost Surat's textile industry by introducing the latest yarn production technologies. The sixth edition of the expo will display a wide range of yarns such as polyester, nylon, viscose, cotton, antibacterial, imitation silk, granite, and recycled yarns. Vice President Nikhil Madrasi highlighted the participation of yarn manufacturers nationwide. The event expects more than 25,000 visitors, including genuine buyers from states like Tamil Nadu, Haryana, and Maharashtra. Ramesh Vaghasia, Immediate Past President of SGCCI, noted buyers and visitors from various cities across India, including Erode, Coimbatore, Hyderabad, and Bangalore, are expected to attend the yarn exhibition.

Indo Count Industries, a leader in home textile manufacturing, and Shreeram Cotton Industries, a premier cotton producer, have signed a pact to launch the Regenagri Cotton Project. This initiative focuses on revolutionizing agricultural practices with an emphasis on sustainability and resilience. Regenagri, short for regenerative agriculture, promotes holistic farming methods that improve soil health, water quality, and biodiversity. Through this collaboration, the companies aim to empower farmers with the knowledge and tools to thrive in a changing agricultural landscape.

Woolmark is celebrating 60 years of certifying wool products by launching a new initiative focused on recycled wool. This marks the first time the Woolmark logo will be applied to recycled fibers. The new ‘Recycled Wool’ certification ensures products contain at least 20 per cent recycled wool, while still meeting Woolmark's existing quality standards. This initiative aligns with the industry's shift towards more sustainable practices. Woolmark says wool is already the world's most recycled apparel fiber, and this new program aims to further reduce waste and pollution by promoting a circular production model. Products can include recycled wool from fabric scraps or even old garments.

A panel discussion hosted by Formidable Media will explore how natural materials are revolutionizing the textile industry. With growing consumer demand for eco-friendly products, brands are increasingly turning to sustainable alternatives. This panel, featuring leaders in sustainability and innovation, will delve into the opportunities and challenges of using natural materials in clothing, outdoor gear, and lifestyle products. The discussion will be hosted by textile industry communications agency Formidable Media and scheduled for Tuesday, July 16 at Functional Fabric Fair in NYC.

India's textile industry is showing tentative signs of revival, driven by An increase in cotton yarn exports and a slight uptick in demand from the US and Europe. This follows a prolonged slump since the pandemic. Exports of garments, yarn and fabrics rose to $17.9 billion between October 2023 and May 2024, compared to $17.5 billion the prior year. Yarn exports saw a particularly strong increase, up 51 per cent. However, experts warn this recovery is fragile. Domestic demand remains below pre-pandemic levels, and recent cotton price hikes are eroding the cost advantage Indian manufacturers enjoyed.

Archroma, a leader in sustainable specialty chemicals, has launched portable versions of its Color Atlas for the textile and fashion industry. The Mini Flex and Mini Palette offer convenient libraries of color swatches for efficient color selection and comparison on-the-go. These compact formats address the challenge of bulky traditional color libraries, allowing designers and partners to work collaboratively in any setting. Both Mini editions, user-friendly and travel-ready, eliminate the need for masks to isolate colors. The Mini Flex features textile color chips for quick comparisons, while the Mini Palette lets users create custom palettes or carry pre-made ones. These compact Color Atlas versions contain a vast range of 5,760 colors, including cotton and polyester options. Each color also translates to Archroma's Engineered Color Standards, providing additional data and technical support.

In a significant development for the textile and clothing industry, the Confederation of Indian Textile Industry (CITI) and the Taiwan Textile Federation (TTF) signed a Memorandum of Understanding (MoU). This MoU marks a major step forward in bilateral textile relations between India and Taiwan. The agreement, signed by CITI Chairman Rakesh Mehra and TTF Chairman James Kuo, aims to enhance cooperation and foster exchanges between the two countries' textile sectors. Several key initiatives are outlined in the MoU, effective immediately: CITI and TTF will collaborate to promote trade, investment, and technology cooperation between Indian and Taiwanese textile companies.