04 April 2023, Mumbai

The factors driving the demand for sequin apparel, as well as the outlook for the US, Canada, and Europe markets. Additionally, you provided a list of key manufacturers and suppliers of sequins apparel, as well as their strategies for growth.

Sequins apparel trendy, glamorous, and in-demand fashion statement.

It is worth noting that while the companies listed are prominent players in the sequins apparel market, there may be other manufacturers and suppliers that are not included in the list.

Additionally, the COVID-19 pandemic has had an impact on the global economy, including the sequins apparel market. The pandemic has disrupted supply chains, decreased consumer demand, and resulted in changes in consumer behavior. These factors may affect the sales and growth of the market in the short term.

Overall, the factors driving the demand for sequin apparel are expected to continue to fuel the growth of the market in the long run.

As the market continues to evolve, it will be interesting to see how manufacturers and suppliers adapt to changing consumer preferences and behavior, as well as the impact of new technologies and sustainability concerns.

CREDITS: Report by Future Market Insights

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16 March 2023, Mumbai 

Bangladesh Garments Executives Association (BGEA)

A platform meant and designed to serve the interests of the executives working in Knit, Woven, and Sweater factories, etc in the larger interest of the growing apparel sector and the significance it assumes in Bangladesh's national economy.
DFU Publications had a quick interaction with Mrs. Jannatul Ferdous Nipa, Director on the sidelines of the 3rd GLOBAL TEXTILE CONCLAVE (GTC) currently underway at Jaipur, Rajasthan (India) find here the excerpts of the same:

As the Vice President of the Indian Importer Chamber of Commerce and Industry, it is my pleasure to be here today to discuss the potential for collaboration between India and Bangladesh in the textile industry.

Bangladesh is the second largest market for garments and has many green factories that maintain sustainability. India, on the other hand, is a closer and more competitive market for raw materials such as cotton, yarn, fabric, and accessories.

Our main focus is on sustainability through collaboration, which is why we want to build a strong relationship between the two countries. Last year, we organized an event in Bangladesh and learned that they are targeting $40 billion in exports of garments, which require a lot of raw materials.

We see this as a huge opportunity for collaboration between the two countries.

Furthermore, I would like to emphasize that the Indian Importer Chamber of Commerce and Industry is open to collaborating with Bangladesh and India to expand marketing opportunities in the Asian market. We can work together to make this happen and provide a strong market presence for both countries.

While China may be more aggressive towards Bangladesh, India is a closer and more competitive market for raw materials. Our lead time is shorter, which means we can access these materials faster than from other countries. Additionally, India is a competitive market for prices, making it a viable option for our materials.

In conclusion, I believe that collaboration between India and Bangladesh in the textile industry can be very fruitful.

Our chamber is open to collaboration, and we welcome anyone interested in expanding their marketing opportunities to join us. Together, we can create a strong market presence in the Asian market and beyond.

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06 March 2023, Mumbai 

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01 April 2023, Mumbai

The 2nd edition of ITME Africa & M.E. will be held at the Kenyatta International Convention Centre in Nairobi, Kenya, from November 30th to December 2nd, 2023.

With the theme of "Prosperity through Textile Technology & Engineering," this exclusive business event offers a unique gateway to the emerging textile industry of the African continent and the Middle East.

ITME Africa & M.E. 2023 catalyzes transforming the textile industry of Africa and the Middle East in the coming decades.

By providing unlimited opportunities for business, sourcing, collaboration, and investment in the textile, textile engineering, ancillary, and allied industries, this event aims to drive growth and prosperity throughout the region.

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06 March 2023, Mumbai 

It's worth noting that despite the global geopolitical tensions and predicted economic slowdown, the RMG industry in Bangladesh is showing some promising signs of growth.

This is due in part to significant investments in backward linkage and the production of high-end sophisticated fashion items like jackets, activewear, and suits.

As per the statistics compiled by BGMEA from the EPB’s export data for the period of July-February of the fiscal year 2022-23(for the period mentioned July 2022 to February 2023) :

• Overall RMG export grew by 14.06% during the mentioned period of time on a year-over-year comparison.
• Bangladesh’s RMG export to the world was US$ 31.36 billion which is 84.58% of total national export.
• Export earnings from knitwear fetched US$17.06 billion, with 13.21% year-over-year growth.
• Export earnings from woven garments fetched US$14.30 billion, with 15.08% year-over-year growth.
• During the month of February 2023, RMG export stood at US$ 3.94 billion with 12.31% year-on-year growth, which was the lowest export within the last consecutive four months (from November to February).

Additionally, the industry's export to non-traditional markets is also increasing significantly. However, it's expected that future growth may be value-based rather than quantity-based due to the industry's progression to higher unit-value items.

Though the sources mentioned categorically, yet to compile the country-wise export data for this sector Putting the sector in quick perspective in Bangladesh's overall economy, the share of RMG in total export of Bangladesh has gone up to 83.57% in 2022 which was 80.98% in 2021.

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31 March 2023, Mumbai 

The latest data on the European Union's (EU) apparel import statistics and trends, here are a few analyses:

1. Bangladesh and China remain the top two apparel import sources for the EU: The EU's apparel import from Bangladesh grew significantly in 2022, making it the second-largest apparel import source for the EU after China. China still holds the top spot with a 29.24% share of the EU's total RMG import.

2. Import growth from top sourcing countries: The EU's imports from Turkey, India, and Vietnam grew significantly in 2022, with Turkey being the third-largest source of apparel imports for the EU. Additionally, imports from other top-sourcing countries such as Cambodia, Pakistan, Morocco, Sri Lanka, and Indonesia also saw positive growth.

3. Annual growth trends: Over the past ten years (2012-2022), the value of the EU's apparel import from Bangladesh has grown by an average of 9.15% annually, while their import from the world has shown a 3.17% average annual growth. China's import growth has been relatively stagnant during this period.

4. Negative annual growth for Indonesia: Among the top ten apparel-supplying countries in the EU, Indonesia is the only country that has shown negative annual growth.

Overall, the EU's apparel import trends indicate that Bangladesh and China remain the top two apparel import sources, while there is significant growth potential from other countries such as Turkey, India, and Vietnam.

CREDITS: BGMEA

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13 March 2023, Mumbai 

According to the data published by The published data of Bangladesh RMG exports by the Export Promotion Bureau, showed a growth of 10.12% in the first two months of 2023 Vs the corresponding period in 2022.

Not surprisingly many of the European Union accounted for the largest export destination for Bangladesh. The export to the EU was US$ 4.22 billion, showing a year-on-year growth of 8.42%.

Albeit, in the EU region few nations, such as Germany, Austria, Bulgaria, Denmark, Finland, Latvia, Malta, Poland, and Slovenia, showed negative growth traction.

Export to the U.S.A. and Canada downtrend by 13.79% and 3.49%, respectively, during the aforementioned period. Although, the export to the UK showed 21.63% year-on-year (Y-o-Y) growth traction, reaching US$ 964 million.

The country's export to non-traditional markets rose by 42.51% to US$ 1.64 billion, and Japan was the top-notch export destination with US$ 321.12 million. Other non-traditional markets, like Australia, India, South Korea, Turkey, and UAE, also showed an impressive upward trend, while exports to these countries were soft to Russia, China, South Africa, and Chile as exports shrank here.

Considering the global macro economy is unstable amid global turmoil, deeply impacting retail sales and resulting in downward/negative growth in some key consumption markets. This trend is likely to sustain for some time, making the coming months challenging.

Today it is business imperative for Bangladesh to explore new opportunities/non-traditional markets and concentrate on resource/cost optimization building efficiencies to tide over unprecedented times.

It's worth noting that despite the global geopolitical tensions and predicted economic slowdown, the RMG industry in Bangladesh is showing some promising signs of growth.

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03 March 2023, Mumbai

Hohenstein, an internationally recognized testing service provider, has acquired the DAkkS-accredited QAT Services Limited laboratory in Hong Kong.

This acquisition will facilitate Hohenstein to integrate the hard goods knowledge of QATS employees into their portfolio and provide full-service capabilities for Greater China and beyond.

The expansion into hard goods testing is a pretty strategic move for Hohenstein, which has been an acclaimed established service provider in the textile industry for decades. This step will enable Hohenstein to offer testing services for food contact materials, furniture, toys, and other products, ensuring the safety of products and creating secure jobs.

According to Prof. Mecheels, the owner and CEO of Hohenstein, this expansion is a strategically vital step for the company.

Christopher Au, the Managing Director of Hohenstein China, is also quite assured that this step will set an important focus and consolidate the company's position for international customers across geographies.

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23 March 2023, Mumbai 

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11 March 2023, Mumbai 

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03 March 2023, Mumbai

That sounds like a wonderful way to commemorate this historic month.

Libraries are an excellent way to promote education and learning, and naming them after a respected figure like Prof. Dr. Mazharul Islam is a fitting tribute.

In 2022, Bangladesh has set a new milestone of USD 45.70 billion RMG export. As per BGMEA analysis, Bangladesh’s RMG export has increased by 27.64% in 2022 compared to 2021.

It's important to remember and honor the contributions of those who have paved the way for its nation's progress and development.

March certainly holds a special place in the hearts of Bangladeshis, as it represents the resilience, courage, and determination of our people in the face of adversity.

It's a time to reflect on its past struggles, celebrate its present achievements, and look forward to a brighter future.

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