Textile Briefs International

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.

2. 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.

3. 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.

4. 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.

5. 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 activation.

6.  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.

7. 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.

8. 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 below-cost imports.

9.  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).

Copyright 2018 Ptj.com.pk   Design: PTJ Graphics