INSIGHTSChina's port activity grew significantly in the first five months of 2023.Container throughput rose 4.8 per cent YoY, handling 122.07 million twenty-foot equivalent units, data from the ministry of transport showed.Cargo throughput increased 7.9 per cent YoY to 6.75 billion tonnes, while foreign trade cargo throughput climbed 8.5 per cent YoY.China has reported a significant surge in its port activity during the first five months of 2023. Container throughput at Chinese ports rose by

INSIGHTSEurozone's business output growth nearly stalled in June 2023, indicating renewed economic weakness post-spring revival, as per a survey by S&P Global.Inflows of new orders in eurozone dipped for the first time since January 2023, while employment growth slowed.Despite these challenges, the downturn saw a reduction in inflationary pressures.Eurozone business output growth came close to stalling in June, according to the latest HCOB flash purchasing managers’ index (PMI) survey da

INSIGHTSCotton yarn prices have decreased in south India due to weak demand and a global downturn in cotton.Prices fell by ₹3-5 per kg in Mumbai and ₹2-3 per kg in Tiruppur.Traders predict that if current conditions continue, weaker yarn production units may have to close.In Gujarat, cotton prices dropped by ₹1,000 per candy of 356 kg recently.Cotton yarn prices have further decreased in the market of south India. The market has not seen any improvement in purchases from the consumer industry an

INSIGHTSIn Q1 2023, Sri Lanka imported $449.9 million worth of fabric, with China and India supplying 65 per cent combined. Taiwan, Pakistan, and Italy were also significant contributors.Over the past year, total fabric imports amounted to $2,292.708 million.Import values in the previous years ranged from $1,758.769 million to $2,263.534 million.Sri Lanka imported $449.9 million worth of fabric during the first quarter of the current year, with China and India being the top suppliers, contributi

INSIGHTSThe new global framework for the sustainable management of chemicals and waste, to be discussed at the fifth International Conference on Chemicals Management in Bonn in September this year, will include textiles.A Paris workshop early this year by the proponent of the implementation proposal discussed textiles as a candidate sector for implementation.Textiles will come under a new global framework for the sustainable management of chemicals and waste that will be decided at the fifth Int

INSIGHTSCotton yarn prices across north India declined due to weak demand, with significant drops in Ludhiana and Delhi.Panipat's recycled yarn market experienced a slight recovery in cotton comber prices due to reduced production.Mills continue to limit the supply of comber, resulting in increased prices.Cotton prices remained steady due to limited arrivals.Cotton yarn prices in north India persistently declined due to weak demand. The prices in Ludhiana and Delhi markets saw a reduction of

Medical Textile is a specialized branch of textile that deals with the development and application of textiles in medical and healthcare settings. They are used in a wide range of applications, such as wound dressings, implantable devices, surgical gowns, and other medical devices. Surgical gowns and drapes are another important application of medical textiles.The global medical textiles market size was valued at USD 24.70 billion in 2020 and is expected to expand at a compound annual growth ra

INSIGHTSDespite the ongoing downward trend in the Australian wool market, China's largest top maker is increasing purchases, offering a glimmer of hope.Current uncertainties are impacting all wool types, with prices depreciating and merino wool bearing the brunt.Apparel sales are rebounding globally, notably outpacing pre-COVID levels in several markets.Despite lower volumes at Australian wool auctions this week, the downward trend in the wool market remains unaffected. The prevailing uncert

INSIGHTSAsia's export decline is predicted to stabilise post-Q2 2023.Influenced by factors such as China's zero-COVID strategy and a downturn in goods demand from developed markets, the slump should ease as these factors dissipate.Economists predict a 50 per cent chance of a U-shaped recovery, with differing impacts across Asia depending on demand sensitivities.Asia’s export decline, which has extended over a year, is projected to reach a turning point after the second quarter (Q2) of 20

INSIGHTSChina and Ecuador have signed an FTA to enhance bilateral trade.While Chinese apparel exports to Ecuador in 2022 remained stagnant at $66.969 million, there was an increase in exports of home textiles to $39.583 million.The trade data indicates a decline in apparel exports from China to Ecuador in previous years, followed by recovery in 2021 and 2022.China and Ecuador have signed a Free Trade Agreement (FTA) aimed at boosting bilateral trade. Chinese apparel exports to Ecuador in 2022 we