Textile Market News

Bangladesh's textile industry, a cornerstone of the nation's economy, witnessed a significant decline in cotton, yarn, and fabric imports in 2023, highlighting the sector's struggle amidst inadequate gas supply and global market challenges.

A pall of uncertainty has descended upon Sircilla, the "Textile City of Telangana," as polyester production in the region has come to a grinding halt. The sudden disruption, attributed to various factors, has thrown thousands of lives into disarray and raised concerns about the future of the local economy.

Ludhiana, India's garment hub is grappling with rising imports of man-made fibers (MMFs) from China, threatening local weavers, spinners, and exporters. Cheap Chinese polyester cloth undercuts domestic prices by 10-15 per cent, raising concerns of job losses and business closures.

Brazil is pushing hard to dethrone the US as the world's top exporter. With a bulging surplus and the US struggling, Brazil's cotton is on fire, setting the stage for a record-breaking season that could redraw the global map.