cotton imports increased over the past 10 years from 150,000
tonnes in 2005 to approximately 1.2 million tonnes in 2016, with
US cotton making up a large proportion. The US accounted for 60%
of the market share, marking a milestone in the development of
US cotton in Vietnam.
Despite falling yuan, rising raw material and labour costs
impacting the country’s apparel market, China will continue to
be a leader in global apparel market. As per Euromonitor
forecast, China will exceed the United States to become the
world’s largest apparel market by 2019.
The Egyptian Minister of Agriculture and Land Reclamation Adel
El-Beltagy announced that the state will not offer any form of
subsidies for cotton farmers or spindles during the next season
pointing out that long staple cotton cultivation is very
expensive and there is no demand for it either domestically or
At present, Bangladesh has 67 green garment factories, and 280
more are in the pipeline, said BGMEA President Siddiqur Rahman,
who signed the agreement with IFC Country Manager Wendy Jo
According to China National Textile and Apparel Council (CNTAC)
report China’s textile and apparel industry is becoming more
innovative and environment friendly. The report says the Chinese
textile and apparel enterprises must cut down the use of 51
textile dyestuffs and 17 dye auxiliaries, which were added to a
list of dangerous chemicals.
Textile is one of the key sectors in the Turkish economy, which
accounts for 10% of the Turkish GDP and 20% of employment in
manufacturing sector. The value of textiles and clothing
industry production is around US$ 30 billion. Turkey exports US$
19.3 billion worth of textile and clothing per year.
Annual Indian textile exports have been stagnant for the last
three years at about $37 billion. The reduction in drawback
rates will become contributing factor to slow down exports, said
Ujwal Lahoti, Chairman of the Cotton Textiles Export Promotion
In India handloom sector provides employment to 4.33 million
people across 2.38 million handlooms in the country. It accounts
for 11% of India’s textile production and makes a significant
contribution in export earnings.
Vietnam is aiming for 80% ratio of locally made content in
garments by 2020 from the current 45%. But the situation doesn’t
look promising. Only a few Vietnamese companies can organize
closed production lines, or all phases of the production
process, from weaving to dyeing to garments to trimming.