1. Worldwide market
value for digital textile printing expanded to CAGR (Compound
annual growth rate) of US$ 1.88 billion in 2018. Specialists
have forecast that global digital textile printing production
will be around 1.6 billion square meters annually by 2019.
According to market research and advisory firm Technavio, the
global denim and jeans market is worth about US$ 60 billion.
However, the denim industry is expected to grow at a compound
annual growth rate (CAGR) of over 6.5% by 2020.
Bangladesh textile chemicals market is forecast to grow from US
864 million in 2018 to US$ 1.38 billion by 2024, exhibiting a
CAGR of around 8% during the forecast period, owing to robust
growth in garment sector.
The Vietnam Textile and Apparel Association (VITAS) have set a
target of US$ 40 billion in export turnover for the calendar
year 2019, 10.8% higher than the US$ 36 billion in 2018. The
country’s garment and textile exports are also forecast to hit
US$ 200 billion by 2035.
Uzbekistan, the world's sixth-largest cotton producer, produced
2.3 million tonnes of raw cotton in 2018. In recent years the
country has been taking serious steps to develop its textile
industry to produce value-added products rather than exporting
Bangladesh is currently facing several challenges and the
biggest challenge of 2019 is the price falling of RMG products.
The price of cloths has been decreased though the cost of making
clothes has been amplified.
According to Redma Gita Wirawasta, Secretary General of the
Indonesian Synthetic Fiber Producers Association (APSyFI), rayon
is most in demand in the fashion industry due to several
advantages, such as comfort and disposability, which make it
According to the McKinsey Global Fashion report, almost 20
fashion companies will make almost all of the industry’s profits
in the year 2019. These companies account for 97% of global
economic profit in the sector.
As per the Apex Chamber of Indian textiles, Indian cotton yarn
exports fell to US$ 3.4 billion in 2017-18, from US$ 4.5 billion
in 2013-14. China, the largest importer of cotton yarn, has
replaced India with Vietnam and Indonesia.
10. Chairman of the
Indonesian Textile Association of West Java (API Jabar) Ade
Sudrajat said the global demand of textiles and textile products
increased 5% in 2017 and increased 8% in 2018. The current
target is to meet domestic needs up to 100% and to reach the
export value of US$30 billion.
11. At present
India’s technical textiles industry at Rs 1.16 lakh crore in
2017-18 and likely to reach Rs 2 lakh crore by 2020-21, said
Sanjay Jain, chairman, Confederation of Indian Textile.
12. According to
data from the Ethiopian Investment Commission, 124 foreign
investors have expressed an interest in the Ethiopian textile
sector, 71 of which are from China.