Discover the hidden power of Textile & Apparel Industry Data

TexPro helps you stay updated with market-researched information and data on raw material prices, export-import figures, existing tariff rates of various countries, non-tariff barriers in place, trade agreements and government policies, amongst others.

Each of our modules are comprehensively designed to serve the textile, apparel and fashion organizations.

Contact Us to Know More!

The average value of 1 USD in Feb 2024 is 81.01, which is almost 2 % lower than 2023 average and 3% higher than 2022 average. As compared to average value in February 2023, which was 82.61, the average value in February 2024 is 1.9%? down.?

Amongst India's Textile exports to Japan, Yarn is the most significant category, comprising 75.00% (35.34 USD million) of the total share (47.12 USD million). While fabric and fiber have smaller shares, they are still essential components of the textile industry, with fabric accounting for 18.35% (8.65 USD million) and fiber for 6.65% (3.14 USD million).

In the past three months, cotton futures in New York have consistently risen to their highest levels in 15 years, except for during the recession and the COVID-19 pandemic. There was a significant increase of 11.48 cents per pound, equal to 15%. This increase is mainly due to speculative buying, supported by positive economic indicators from the United States that suggest increased consumption. However, the actual demand for physical cotton hasn't risen as much as seen in New York's futures market.

The monthly export values of Brazil's cotton fibers exhibited significant variation over the past year. There was a noticeable uptick in export value towards the year's end, particularly in October, November, and December, compared to earlier months. This trend suggests a seasonal pattern in export activity, aligning with the typical cotton harvesting season starting from September onwards. When comparing each month's export value in 2023 to the 2022 yearly average export value of 307 USD million, some months performed notably better than the previous year's annual average, while others fell below it. December, for example, stood out with an exceptionally high export value, more than doubling the 2022 annual average, signaling its importance as a key period for exports.

The minimum monthly wage in Indonesia has increased by 3.4% (local currency) in first month of 2024 as compared to year 2023 whereas in Cambodia minimum wage has increased by? 0.5% (local currency).

Polyester Fiber and Yarn saw a significant decline in prices during the latter half of 2022 and the first half of 2023. During this period, upstream products for polyester, such as crude oil and PTA, experienced a similar downward movement in prices.