China's textile and garment exports continued to decline last year, mainly due to the good performance in the previous year and exchange rate fluctuations, the Ministry of Industry and Information Technology said on Wednesday. The sharply depreciated yen and Euro had a direct negative impact on textile exports, as Japan and Europe have been China's main textile export markets. From January to October in 2015, the textile industry saw positive growth in exports to the United States, Africa,

A $50 billion RMG export target by 2021 – set by the country’s apparel manufacturers – has drawn the attention of global machinery, fabrics, yarns and accessories producers of the clothing industry. This was revealed to the Dhaka Tribune while talking to a number of producers displaying products at a four-day GARMENTEC Expo, Yarn and Fabrics Sourcing Fair and GAPEXPO 2016 that began yesterday in the city. The fair paves the way for the display of RMG-related equipment. “Since Bangladesh

China's government is consulting with the textile and cotton industry on plans to sell some of its bulging cotton stockpile, according to sources, a move that may drive domestic prices lower and further reduce import demand. Beijing is estimated to hold around 11 million tonnes of cotton stocks, about half of the global total, after a three-year stockpiling programme aimed at supporting farmers. The government is under pressure to sell its ageing stockpile, which degrades over time and is ra

Pakistan Ready­­­­­­­­made Garment Manu­­­­facturers and Exporters Association (PRGMEA) on Wednesday cautioned the government to address the issues of value-added textile sector as continued drop in exports might widen further due to Vietnam-EU Free Trade Agreement, and massive decline in cotton production and high import duty on yarn. In a statement, PRGMEA Chief Coordinator Ijaz Khokhar asked the government to take preventive measures followin

UAE holds the world's fourth position as largest trading centre of textiles, generating an approximate $17.5 billion annually. With the growing demand within the fashion and retail industries, the country’s textile printing industry is set to gather momentum to grow at a rapid pace within the next 4-5 year, said Mr. Abdul Rahman Falaknaz, Chairman of International Expo Consults. Falaknaz stated that the UAE can capitalize on the fast growing textile printing industry as the country has a hug

The government should take preventive measures following the EU and Vietnam have reached an agreement for a free trade agreement, as the emerging economy can capture Pakistan export market, which has already shrunk due to high energy cost and discriminating import duties on industry raw material, experts say. This agreement is the first of its kind that the EU has concluded with a developing country, which will definitely benefit from its FTA on very nominal duties. Experts feared that Vie

Chinese exports exceeded expectations in December, spurring a rally on Asian markets Wednesday, in a rare bright spot for the world’s second-largest economy which has been hit by slowing growth and saw overall trade drop last year. The Asian giant is key to the world’s economic performance, but its imports have been hit by low prices for commodities such as oil and iron ore and the slowdown in China’s infrastructure boom, while exports have had to struggle with weakness in partner economies.

The Chinese slowdown would hurt Indian spinning industry the most in the textile value chain. India exports 40 per cent of total cotton yarn to China. This is likely to come down significantly, creating an oversupply situation in the domestic market. Apparel exports are also likely to be impacted due to yuan depreciation. Since August 2015, yuan depreciated 5.6 per cent while Indian rupee fell 4.5 per cent. Till December, apparel exports grew at just 7-8 per cent, compared with estimated grow

Fabric suppliers of China are ready to face new challenges arising due to recent developments in China and in global market; this mood was reflected during the one day workshop for fabrics suppliers jointly organised by Fibre2Fashion.com and PDS Multinational Group at Shanghai, China. The workshop held at Wu Zhong Road at Shanghai was attended by more than 50 leading suppliers of fabrics with brands, retailers and buyers represented by PDS Multinational Group in China. The event started wi

The forthcoming Texworld Paris event, organised by Messe Frankfurt France, will take place at Paris Le Bourget from 15-18 February 2016. Texworld Paris would play a significant role in facilitating the connection between the European market and international manufacturers. The February 2016 event will mark a turning point for Apparel Sourcing, the trade fair for sourcing the widest range of international ready-to-wear products. The trade fair is experiencing a good increase of around 30% o