27 December 2022, Mumbai

U.S.A imported USD 8.47 billion worth of apparel from Bangladesh during this period, while their import from the world was US$ 87.09 billion.

China, being the top apparel import source for U.S.A and having 22.19% share, achieved 20.76% year-over-year growth. USA’s imports from China reached USD 19.32 billion during this period.

Vietnam is the 2nd largest apparel import source for U.S.A. During the first ten months of 2022, U.S.A’s import from Vietnam was USD16.05 billion with 32.01% year-over-year. Additionally, USA’s import from Indonesia and India grew by 47.57% and 45.04% respectively during the mentioned period.

With 9.72% share of USA’s total apparel import, Bangladesh remains the 3rd largest apparel source for U.S.A. The import of apparel by USA from Bangladesh increased by 48.57% compared to the same period of 2021 while their global apparel import grew by 30.16%.

Other countries among the top ten suppliers having significant growth are Cambodia 36.90%, Pakistan 35.01%, South Korea 32.70%, Honduras 21.87% and Mexico 14.32%.

CREDITS: (trade data released by the U.S. trade agency Office of Textiles and Apparel (OTEXA)’ for the period of January-October 2022)

Latest Textile News

16 December 2022, Mumbai

It offers the 25,000 expected visitors from 100 nations the opportunity for efficient "one-stop shopping". More than 600 exhibitors from all fashion segments will present themselves on 45,000 sqm at the Istanbul Exhibition Center.

The partnership of IFCO with Igedo Exhibitions, Düsseldorf for the international participation EUROPEAN SELECTION will also celebrate its premiere.

More than 600 exhibitors from all fashion segments will present themselves on 45,000 sqm at the Istanbul Exhibition Center.

For the first time, there will be a separate area for sourcing.

IFCO also serves as the gateway to the Eastern European and Central Asian markets and the Arabian Gulf region.

Latest Textile News

30 November 2022, Mumbai

BGMEA is one of the lead partners in the Partnership for Cleaner Textile (PaCT) project.

The new office of the Textile Technology Business Center (TTBC) opened on 20th November 2022 at BGMEA Complex in Uttara, Dhaka.  

Her Excellency Ms. Winne Estrup Petersen, Ambassador of Denmark to Bangladesh; His Excellency Mr. Anne Van Leeuwen, Ambassador of the Netherlands to Bangladesh; Mr. Martin Holtmann, Country Manager, IFC; and other representatives from Embassy of Denmark and the Netherlands were present during the opening ceremony.

The Dutch Government, particularly the Embassy of the Kingdom of the Netherlands to Bangladesh came forward to support the project which eventually proved its success through all the impacts that it demonstrated in the past decade.

One of the key deliverables of the PaCT project is to establish a knowledge center named ‘Textile Technology Business Center (TTBC)’ which will serve as the one-stop knowledge hub for the textile and clothing sector.

The TTBC will promote resource-efficient technologies such as a low liquor ratio dyeing process, new generation dyes, and chemicals, advanced ETP technologies, cogeneration, etc.

Latest Textile News

22 December 2022, Mumbai

AG Café, a joint venture entity owned by Apparel Group, a global fashion and lifestyle retail conglomerate, and Gateway Partners, an emerging markets alternative investment firm, have collaborated to offer an innovative and unique experience for coffee lovers in City Centre Mirdif.

“Today’s milestone is a significant step toward our long-term potential to grow the brand, increase market share and strengthen our position as the leading retailer of Tim Hortons,” said Neeraj Teckchandani, CEO of Apparel Group. “We continue to strategically expand our footprint across the country and are on track to grow to at least 500 stores for Tim Hortons in the region.”.

Apparel Group and AG Café, the master franchisee of the Tim Hortons brand in the Middle East are proud to mark a major milestone with the opening of its 250th store at City Centre Mirdif, Dubai. HE Jean-Philippe Linteau, Consul General of Canada, Founder & Chairwoman of Apparel Group Mrs. Sima Ved, Chairman of Apparel Group Mr. Nilesh Ved, CEO of Apparel Group, CEO of Apparel Group Mr. Neeraj Teckchandani and CEO of Tim Hortons (ME) Mr. Hesham Almekkawi inaugurated the grand opening ceremony of the new concept store on 20^th December.

Latest Textile News

07 December 2022, Mumbai

Join January 31 for a one-day-only trend talk by Nicki Gondell, founder of Trend House, as she takes attendees on a journey through Milan based agency.

Debuting at Texworld Evolution NYC this winter, Printsource brings expanded offerings and educational opportunities to the show floor.

Don't miss out!

Discover the rustic beauty of Harmony, and the wild earthiness of Rebirth.

Discover S/S 2024 Print and Color Trends.

Latest Textile News

22 November 2022, Mumbai:

Hohenstein has invested 1.3 million Euros in AI technology startup, Sizekick.

"Our artificial intelligence is already learning thanks to Hohenstein with the world's largest and highest quality database of 3D body scans. This is an extremely big advantage for our AI," highlights Jake Lydon, CTO at Sizekick.

The collaboration will enable accurate decisions on apparel size, improve online shopping experiences, reduce returns, and prevent the associated CO2 emissions.

Latest Textile News

19 December 2022, Mumbai

“Dhaka International Textile Garment 2023”  would focus on, The Indian Textiles Industry covering the entire value chain of the Textile Industry, starting from Yarn and Fabrics to high-end fashion garments.

“Dhaka International Textile Garment 2023” is being organized by the Federation of Indian Chambers of Commerce and Industry (FICCI) with the support of the Ministry of Commerce and Industry, and the Indian mission in Dhaka, Government of India.

“DITG” has completed 16^th successful editions of the Dhaka Textile and Garment Industry and offers an unparallel business platform for the entire spectrum of Machinery, Components & Textile, Knitting, Garment, Yarn, garment accessories Others.

‘Dhaka International textile & Garments’ is the known Exhibition in Bangladesh where the entire textile & garment and machinery industry is presented from the development of substances and quality control of raw materials and equipment.

Latest Textile News

06 December 2022, Mumbai

Dorer’s appointment follows Steve Rendle’s decision to retire from his position as Chairman,
President and Chief Executive Officer.

Benno Dorer was Appointed Interim President and Chief Executive Officer.

Steve Rendle Retires as Chairman, President, and Chief Executive Officer.

“The Board thanks Steve for his many contributions and leadership during his nearly six years as CEO and nearly 25 years with VF,” said Dorer. “Steve’s commitment to the business, passion for building strong brands, and focus on culture have helped VF evolve our portfolio of strong active-lifestyle brands and establish VF as a purpose-led company. We wish Steve well in his future endeavors.”.

Latest Textile News

18 November 2022, Mumbai:

"The mood among manufacturers of Textile Care, Fabric, and Leather Technologies is largely positive," said Elgar Straub, MD of VDMA Textile Care, Fabric and Leather Technologies at the trade association's industry meeting in Brussels. "Despite the enormous increase in energy costs, the still existing problems in the supply chains, and the still unforeseeable consequences of the war, the industry representatives report well-filled order books.".

Orders and sales of the German manufacturers of Textile Care, Fabric, and Leather Technologies are still on a growth course: in the period from October 2021 to September 2022.

The most important export market from a German perspective was Poland, followed by Italy and France.

Incoming orders increased by 37 percent in real terms and sales are also positive for the technology manufacturers with a growth of 14 percent compared to the previous year.

Latest Textile News

19 December 2022, Mumbai

So far the import figure of the EU indicates a good position of Bangladesh’s apparel in EU markets.

Bangladesh remains the second largest source of clothing for Europe with a 22.56% share while China tops the position with a 29.04% share.  EU imported USD 22.59 billion worth of clothing from China during the first nine months of 2022 while the year-on-year growth was 25.19%.

EU’s imports from Bangladesh increased by 43.21% and reached USD 17.56 billion during the mentioned period compared to the same period in 2021, whereas EU’s imports from the world grew by 27.87%.

Being the 3rd largest apparel import source, the EU’s import from Turkey reached USD 9.19 billion with 14.86% year-over-year growth. On the other hand, the EU’s imports from India increased by 25.85%.

Among the top ten apparel suppliers to the EU, Bangladesh attained the highest growth. Other countries having significant growth were Cambodia 41.08%, Indonesia 33.46%, and Pakistan 30.76%.

The brand sees huge potential for growth in the coming years and is eyeing a million customers over the next two years with a target revenue of Rs 100 crores.

Credits: The European statistics organization ‘EUROSTAT’ report.

Latest Textile News

01 December 2022, Mumbai

LENZING™ ECOVERO™ hits production milestone and increases capacity to meet growing demand.

The rise of LENZING™ ECOVERO™ from sustainability niche to market standard

More than 500 brands around the world have partnered with LENZING™ ECOVERO™.  

Lenzing to the double production capacity of LENZING™ ECOVERO™ fibers in 2023.

Lenzing Group, is celebrating a key milestone as the production of LENZING™ ECOVERO™ branded viscose fibers reached over 300,000 tons since the brand’s inception in 2017.

More than 300,000 tons of LENZING™ ECOVERO™ branded fibers have been produced since the brand’s launch in 2017.

In 2022, more than 500 brands have certified their products with Lenzing.

Brands including Orta and Farm Rio have proudly communicated their sustainability commitments by highlighting their use of LENZING™ ECOVERO™ fibers in promotion campaigns.

Latest Textile News

17 November 2022, Mumbai:

Despite Challenging Global Macro Environment, Reiterates Positive Outlook on SOPA Based on Strong Revenue Generation and Compelling Valuation.

About Society Pass Inc

Founded in 2018 as a data-driven loyalty, fintech, and e-commerce ecosystem in the fast-growing markets of Vietnam, Indonesia, Philippines, Singapore, and Thailand, which account for more than 80% of the SEA population.

Significant year-on-year revenue growth in 3Q 2022. 3Q22 revenue of $2.1M increased significantly from $84K in the prior year's quarter.

A positive view of the early stages of building a SEA e-commerce company. Luxury store, Leflair provides luxury goods online. Additional businesses include online delivery companies Handycart and Pushkart (bought during 1Q22), as well as Gorilla Networks, a telecom MVNO (early June 2022).

Challenging macro environment, yet positive on micro company business plan. Maxim factors in a more challenging macro environment impacting Society Pass' end markets and notes that Sea Ltd (SE - NR), SE Asia's largest internet company.

Latest Textile News