Asia Pacific is likely to remain the dominant supplier of industrial textiles for the US. The imports from the region remained steady during the last 2 quarters, but imports from Europe witnessed fluctuations as the continent is facing an upheaval on the economic front due to the Ukraine war. US imported industrial textiles worth $158.742 million in Q3 2022.The US’ imports of industrial textiles were almost stable in the last two quarters. Trade stood at $408.493 million in Q3 2022 and $408.712

India’s apparel imports from China almost doubled quarter on quarter (QoQ) to $126.202 million in July-September 2022 due to price dynamics. Domestic demand is getting affected due to rising imports from China, according to trade sources. Both countries compete mutually in the global market, but India imports more apparel from China than it exports.India’s apparel imports increased to $126.202 million in Q3 2022 from $67.442 million in Q2 2022. The inbound trade stood at $70.687 million in Q1 20

In October 2022, the seasonally adjusted volume of retail trade decreased by 1.8 per cent in the euro area and by 1.7 per cent in the European Union (EU) month-on-month (MoM), as per the Eurostat. Moreover, the calendar adjusted retail sales index decreased by 2.7 per cent in the euro area and by 2.4 per cent in the EU in October 2022 on a year-on-year basis (YoY).In September 2022, the retail trade volume increased by 0.8 per cent in both the euro area and the EU, according to estimates from Eu

World gross domestic product (GDP) forecasts for 2023 have been revised down again as central banks intensify their fight against inflation, as per Fitch Ratings. Global GDP is expected to grow by 1.4 per cent in 2023, revised down from 1.7 per cent in the September 2022 forecast.China 2023 growth forecast has been cut to 4.1 per cent from 4.5 per cent, while the 2022 growth forecast for the country remains at 2.8 per cent as the surge in COVID-19 cases weighs on activity in the near term, accor

American variety store chain Dollar General Corporation has posted a 11.1 per cent increase in net sales to $9.5 billion in the third quarter (Q3) of fiscal 2022 (FY22), ended October 28, compared to $8.5 billion in the third quarter of FY21. The company’s same-store sales increased 6.8 per cent compared to Q3 FY21, driven by an increase in average transaction amount and a modest increase in customer traffic.Gross profit as a percentage of net sales was 30.5 per cent in the third quarter of FY22

China’s major manufacturers of leather, fur, feather, and related products, along with footwear recorded a combined business revenue of 930.74 billion yuan (around $131.94 billion)—a 1.9 per cent year-on-year growth, reflecting a stable expansion during the period, as per data from the nation’s ministry of information technology.During the first 10 months of 2022, firms from China’s leather and related industries earned total profits of 47.7 billion yuan, which is a 2.7 per cent year-on-year (Yo

South India’s cotton yarn market was optimistic today as buying improves due to the ongoing wedding season. Cotton yarn prices of some counts and varieties rose in Mumbai. Tiruppur did not witness any price rise, but traders expect higher trade and better liquidity. Cotton prices were also high because of strong futures and limited arrival.Cotton yarn prices in the Mumbai market witnessed an increase of ₹3 per kg for 60 and 44 counts. Improved buying supported cotton yarn and other items in the

Logistics networks in China mostly stayed resilient in November this year with major enterprises witnessing stable freight volume growth, said China Logistics Information Centre analyst Hu Han, while cautioning against the impact of COVID-19 as outbreaks in some major cities in late-November disrupted logistics services and brought down expressway traffic.A survey of some national logistics companies showed that their railway, road and waterway freight volume increased by 1 to 2 per cent month o

World-renowned brands with sustainable offerings have confirmed their participation at the Spring Edition of Intertextile Shanghai Apparel Fabrics 2023. The fair is expected to gather nearly 2,500 exhibitors to over 160,000 sqm of floor space at the National Exhibition and Convention Center, Shanghai from March 8–10, 2023.“Several key indicators are pointing towards market recovery, and the early commitment of some of the international textile industry’s key players is another promising sign. As

In the third quarter (Q3) of 2022, the Group of 20 (G20) merchandise trade data showed first signs of slowdown, as the merchandise trade fell for the first time in two years in value terms, as per the Organisation for Economic Co-operation and Development (OECD). G20’s exports and imports shrank by 1.3 per cent and 1.1 per cent, respectively in Q3 of 2022.Following several quarters of sustained growth, leading commodity traders in the G20 saw a decline in merchandise exports, partly reflecting c