Textile Market News

Bangladesh is set to become the world’s largest cotton importer in FY2024-25, overtaking China, according to the USDA.

India’s cotton production is projected to hit a 16-year low in 2024-25, falling to just over 294 lakh bales the weakest since 2008-09.

The global textile industry saw a slight downturn in March 2025, according to the International Textile Manufacturers Federation’s (ITMF) latest Global Textile Industry Survey.

Polyester, the dominant fibre in the global textile industry, accounts for over half of global fibre production and plays a central role in apparel, home textiles, industrial applications, and nonwovens.

China’s Yibin Grace, a top producer of man-made cellulosic fibres (MMCF), has inaugurated the country’s first recycled textile dissolving pulp facility in Sichuan.

The wool industry's belief that forward pricing helps manage price risk and by extension boosts profits is being questioned, as farmer participation in forward markets continues to drop.

Meghalaya’s textile sector has achieved a significant milestone with the Geographical Indication (GI) tag awarded to its traditional fabric ‘Ryndia’ and other handloom products.

Bangladesh's cotton imports from the US fell 25.51 per cent in 2024, dropping to $252 million from $337 million in 2023, marking two consecutive years of negative growth.

EIM (Environmental Impact Measuring), the world’s leading platform trusted by major fashion brands to assess the sustainability of garment finishing, has unveiled its “Innovations and Challenges in Denim Finishing: 2024 Report.”

The Cotton Association of India (CAI) and the Australian Cotton Shippers Association (ACSA) have signed a Memorandum of Understanding (MoU) aimed at enhancing mutual cooperation in cotton production, trade, pricing, and market outlook.

China and Pakistan have signed a memorandum of understanding (MoU) to boost cotton production through advanced technologies.

Indian textile stocks rose after the US imposed steep reciprocal tariffs on Asian exporters, positioning India as a relative beneficiary.

The Cotton Corporation of India (CCI) has procured over 1 crore bales (170 kg each) at the minimum support price (MSP) in the 2024-25 season.

Midcap textile company Welspun Living saw a sharp drop of 5.57 per cent on April 4, 2025, underperforming the broader textile sector, which declined 3.01 per cent.

Uttar Pradesh is set to contribute significantly to India's goal of achieving Rs 9 lakh crore in textile exports by 2030, with a strong focus on yarn and fabric production.

Australia’s cotton lint market is expected to grow steadily, with consumption projected to move up at a compound annual growth rate (CAGR) of 1.5 per cent between 2024 and 2035, reaching 2.6 million tons by 2035.