1. Bangladesh has
achieved the second position for exporting the readymade garment
products in the world. Bangladesh’s export earnings from apparel
sector were US$ 30.61 billion in the 2017-18 financial year and
US$ 28.15 billion in the 2016-17 financial year.
Egypt is the world’s second largest exporter of long-staple
cotton, used mainly to make luxury linens, after the United
States. Egypt planted 141,120 hectares of long-staple cotton in
2018, up from 92400 hectares in 2017.
India has emerged as one of the world’s fastest-growing fashion
markets over the past few years. It is projected to grow at 15%
CAGR till 2022 and become a US$ 102 billion market for apparel,
as per a recent report.
The market for textile chemicals in Asia will exhibit a steady
CAGR of 7.6% from 2014 to 2020, according to a report published
by Future Market Insights (FMI). According to FMI’s in-depth
analysis of the textile chemicals market in Asia, it will reach
US$ 11.63 billion by 2020.
Cotton Australia will continue to work collaboratively with
Cotton Inc. to promote and build momentum for the Cotton LEADS
programme with an increased emphasis on partner engagement and
Kenya has a potential to produce 700,000 bales of lint through
rain-fed cotton production and close to 200,000 bales of lint
through cotton grown on irrigated land, annually, as per the
Ministry of Agriculture of the country.
In order to boost its economy by 2025, Ethiopia has crafted
strategy where textile forms one of the crucial components of
the economy. These efforts seemed to have paid off well with
Ethiopia ranking seventh most attractive African country for
investors as per Africa Investment Index (AII) 2018.
India has imposed an anti-dumping duty of up to US$ 528 per
tonne for five years on a Chinese polyester yarn used in
automotive and other industries. The move will provide a level
playing field to domestic players and help guard them against
Vietnam’s textile and garment industry has targeted a
year-on-year increase of 10% in export value to US$34 billion in
2018 despite difficulties in markets at home and abroad,
according to Le Tien Truong, General Director of the Vietnam
National Garment and Textile Group (Vinatex).