INSIGHTS China was the largest garment exporter last year, with a 31.6-per cent market share and exports worth $165 billion, while Bangladesh ranked second, with exports worth $38 billion, the WTO said. The EU was the top RMG importer, with a 35.8-per cent share and imports worth $203 billion, followed by the US, with 15.7 per cent share and imports worth $89 billion. China was the world’s largest exporter of readymade garments (RMG) last year, with a 31.6-per cent market share and expo

INSIGHTS Texworld NYC, Apparel Sourcing NYC, and Home Textiles Sourcing concluded their Summer 2024 edition from July 16-18 at the Javits Center in New York City. The event featured country pavilions, the Texworld Trend Showcase, and the new Trend+ feature integrating digital and in-person sourcing. Highlights included the Texworld Next-Gen Innovation Hub. Texworld NYC, Apparel Sourcing NYC, and Home Textiles Sourcing wrapped up their Summer 2024 edition, held from July 16-18 at the Javits Ce

INSIGHTS The Intertextile Shanghai Apparel Fabrics fair, from August 27-29, 2024, will showcase around 4,000 exhibitors from 25 countries. Celebrating its 30th anniversary, the event will focus on Autumn/Winter 2025-26 trends, including premium European textiles and key exhibitors from Japan. The fair will also feature digital tools like Connect PLUS for enhanced sourcing. Including everything from organic buttons and floral prints, to temperature-regulating and weather-resistant fibres, the

INSIGHTS CITI's Rakesh Mehra praised the forward-thinking approach of the India Budget. He highlighted the budget's focus on MSMEs, e-commerce, industrial parks, skilling, and easing FDI norms, which could boost the textile industry. However, he pointed out the need for bold measures for capacity building, modernisation and cost competitiveness in the industry. Congratulating the Minister of Finance, Nirmala Sitharaman, on presenting her seventh Budget, Rakesh Mehra, chairman of the Confedera

INSIGHTS Apparel in the US sees the highest mix of online and in-store shopping. Consumers value price, quality, and trust, becoming more channel agnostic with tech-powered choices. Shoppers expect personalised, seamless experiences. Social media drives product discovery, especially for Gen Z. There's a demand for online and in-store retail to mirror each other. Apparel is experiencing the highest level of mixed online and in-store shopping in the US, highlighting significant shifts in consu

INSIGHTS Adidas reported an 11 per cent rise in Q2 FY24 currency-neutral revenues, with euro terms reaching €5.822 billion (~$6.39 billion). Excluding Yeezy sales, revenues surged 16 per cent. The gross margin was 50.8 per cent, slightly down from 50.9 per cent in FY23. Operating profit rose to €346 million. Adidas projects €1 billion in operating profit in FY24. Germany-based global sportswear company Adidas has reported a 11 per cent increase in preliminary currency-neutral

INSIGHTS In May 2024, industrial production in the euro area fell by 0.6 per cent MoM, while the EU saw a 0.8 per cent decline. YoY, the euro area and EU experienced decreases of 2.9 per cent and 2.5 per cent, respectively. Notable declines were seen in Slovenia, Romania, and Denmark, while Ireland, Luxembourg, and Estonia recorded significant increases. In May 2024, seasonally adjusted industrial production in the euro area decreased by 0.6 per cent compared to April 2024, while the Europe

INSIGHTS African nations' fabric imports totalled $1.63 billion in the first quarter of 2024, marking a 7.69 per cent decline from Q1 2023. China was the largest supplier, holding a 40.56 per cent market share, followed by Turkiye, Italy, France, and Spain. In 2023, total imports were $7.08 billion. After a drop to in 2020, imports rebounded to $7.08 billion in 2021.

INSIGHTS Messe Frankfurt France's textile and apparel trade fair will gather nearly 1,200 exhibitors from 26 countries at Paris Expo Porte de Versailles from July 1-3, 2024. New highlights include a Yarn Expo pavilion, a Leather Trend area, and a Chinese Brands Gallery. The event will also showcase near sourcing options from countries like Portugal, Turkiye, and Serbia. Nearly 1,200 exhibitors from 26 countries will gather in Hall 7 of Paris Expo, Porte de Versailles, from July 1 to 3, 2024.

INSIGHTS From 5-7 June, the Shenzhen Convention and Exhibition Center hosted the Intertextile Shenzhen Apparel Fabrics and Yarn Expo. Nearly 1,000 exhibitors presented diverse apparel products, attracting 20,000 visits from 45 countries. Highlights included trend forums, sustainability displays, and key Asian zones. The event facilitated over 250 business matching meetings. From 5 – 7 June 2024, the Shenzhen Convention and Exhibition Center (Futian) was the sourcing hotspot of South Chi