Despite challenges of energy shortage, the textile sector of the country performed well during the fiscal year 2012-13 as its exports increased by 5.90 percent when compared to the exports of the corresponding period of last year. The textile exports during July-June (2012-13) were recorded at $13.064 billion against the exports of $12.336 billion in July-June (2011-12), according to the latest data of Pakistan Bureau of Statistics (PBS). The textile products that contributed in positive growt

The global apparel market will cross the US$ 2 trillion mark from the current value of US$ 1.1 trillion, which suggests an addition of nearly US$ 1 trillion in the market presenting huge business opportunities for sector players, according to ‘Road to 2025: Textile and apparel sector report’, released by Wazir management consultants. A major share of this market creation is expected to happen in China, India, Brazil and Russia where the growth of per capita spent on apparel (PCA) will be high

The Brazilian textile manufacturing industry may come under threat as neighbouring Peru eyes up opportunities for expansion in Latin America’s biggest textile market. Peru currently exports $102 million in textiles and apparel to Brazil annually (in 2012), and these exports have been increasing annually by 15% on average since 2010, according to the Brazilian Textile and Apparel Industry Association (ABIT). With a high tax burden being imposed on Brazil’s textile manufacturers, importing h

Turkmen President Gurbanguly Berdimuhamedov said that currently good crude cotton crop ripens on Turkmenistan fields. "It is necessary to conduct qualitative and timely agrotechnical activities, prepare the whole agricultural machinery to the harvest season in order to reap the crop," he said, local media reported. Noting that the main task is the organized launch and conduction of crucial agricultural campaign- cotton gathering, the President demanded from the province administration to car

In the first fortnight of July, cotton prices remained moving up in the Brazilian market, in spite of price drops in the international scenario. The demand from the industry that usually purchases only for immediate consumption and the lower quality of the cotton available continued to push up cotton quotes in the period. Processing companies that have stocks and contracts to receive were less interested in purchases in early July. Players from these unities say that they may close new purch

Indian textile and apparel industry would have to work hard and address issues on timely delivery so as to reach four-fold increase in size to $200 billion by 2025 as recently claimed by a survey, industry experts said. To attain the projected figure, phenomenal impetus and radical transformation in the sector and lots of hard work is needed, experts said. More over productivity of the work force of the industry would have to be increased. According to a survey by management consultancy firm

The Japan Department Stores Association reported that nationwide sales in June (85 firms, 243 stores) increased by 7.2% over the same month of last year to 516,765 million yen, thus increasing for the second straight month. The increase was the sharpest since the 14.1% rise in March 2012. January-June sales rose by 2.3% over the year before to 3,002 billion yen. Factors increasing June sales were favorable weather throughout Japan during the month, and the facts that holidays numbered 1 day

According to provisional figures released from the China General Administration of Customs, January-June 2013 exports of textiles and apparel increased by 12.1% year-on-year to US$127,210 million. The growth was 10.5 percentage points greater than the year before, and the last time a double-digit growth was marked in the first half was two years ago. Exports of textiles rose by 10.1% to US$51,160 million, and those of apparel grew by 13.5% to US$76,050 million. June exports of textiles and a

China's crude oil imports from Iran were about 384,980 barrels per day in June, down 39 percent versus the same month a year ago, and down 31 percent from May, Chinese customs data showed on Monday. For the first six months of the year, Chinese imports of Iranian crude were about 424,183 bpd, down 1.9 percent versus the same year-ago period, the data showed. China's crude purchases from Tehran in the first half of last year fell nearly 21 percent from the same period in 2011 because of a con

China's crude oil output rose slightly year on year in the first half of 2013, according to data released by the country's top economic planner. The National Development and Reform Commission (NDRC) said in a statement that crude oil production stood at 103.31 million tonnes in the first six months, up 3.2 percent from the same period last year, reported Xinhua. The country refined 217.46 million tonnes of crude oil during the first half, up 6.6 percent year on year, while refined oil produc