Textile Market News

China's cotton yarn imports fell sharply in April 2024, down 35 per cent from March to 110,900 tons. This aligns with industry expectations and reflects a decrease in import activity due to rising overseas cotton prices. The unit price of imported yarn also climbed to $2.48/kg, making it less cost-effective compared to domestic options.

A new report by Accelerating Circularity highlights key learnings from successful cotton textile-to-textile (T2T) recycling trials in the US and EU. The project, involving 43 stakeholders across the industry, aimed to bridge the gap between research and real-world implementation of a circular textile system.

The North Eastern Handicrafts and Handlooms Development Corporation (NEHHDC) launched a Centre of Excellence (CoE) in Guwahati, Assam, in collaboration with the Apparel Made-Ups and Home Furnishing Sector Skill Council (AMHSSC).

The IMF’S upward revision of global growth to 3.1 per cent for 2024 is bringing positive tidings for India's yarn industry, which is poised for a significant expansion. This resilience in major economies, coupled with infrastructure improvements, a focus on self-sufficiency in raw materials, and a drive for innovation, is creating a perfect storm for growth in the sector.

Tensions are high in Maharashtra’s Ichalkaranji textile hub in as sizing unit owners threaten to strike over pollution regulations. The Maharashtra Pollution Control Board (MPCB) has reportedly issued shutdown notices to these businesses for lacking wastewater treatment systems.

Kallam Textiles reported a disappointing performance for the quarter ending March 2024. Net sales fell significantly by 44.67 per cent year-on-year to Rs 61.94 crore, compared to Rs 111.96 crore in the same period last year. The company also incurred a net loss of Rs 10.98 crore, reflecting a decrease of 40.19 per cent from the Rs 7.83 crore loss reported in March 2023.

The 51st India International Knit Fair, a major knitwear event, will be held September 4th to 6th in Tiruppur. The India Knitfair Association organizes the fair, which this year focuses on Spring/Summer 2025 collections with a sustainability theme.

Archroma, a leader in sustainable denim solutions, will showcase its latest innovations at Denim Première Vision Milan (June 5-6) and Denimsandjeans Vietnam (June 26-27). Denim remains popular, but traditional methods raise environmental concerns. Archroma helps brands and mills adopt cleaner and more sustainable practices.

Welspun Living reported a banner year with its highest ever annual revenue of Rs. 98,251 crore for FY24. The company is also expanding its manufacturing footprint with a new Jacquard towel plant in India and a pillow manufacturing unit in the US.

Tiruppur's famed knitting industry is experiencing a welcome resurgence. After facing quality woes with Bangladeshi garments, importers are flocking back, triggering a boom in orders and production.

Nigeria's government is investing heavily in reviving the struggling cotton, textile, and apparel industry.

The Cotton Egypt Association (CEA), a non-profit promoting Egyptian cotton, plans to expand into Bangladesh's thriving textile market.

Globe Textiles India, a leading fabric and garment exporter of with a decade-long presence in global and domestic markets, has reported a remarkably strong performance in the fourth quarter (Q4) and full year (FY) of 2023-24.

Surat's Rapier Jacquard weavers are facing a double whammy: weak domestic demand and a liquidity crunch.

Japanese company Teijin Frontier has created a new polyester fabric inspired by traditional bamboo blinds, called Sudare. This innovative material offers both high breathability and UV protection, overcoming a longstanding challenge in apparel.

South China's leading apparel textile fair kicks off in Shenzhen next month. From June 5-7, exhibitors from 11 countries will showcase the latest fabrics and trends at the Shenzhen Convention & Exhibition Center.