Fashion & Textile Industry Review: Market Trends and Insights

Introducing the latest edition of the Fibre2Fashion newsletter, your go-to resource for the most up-to-date insights, market trends, and developments shaping the global fashion and textile industry. Stay ahead with comprehensive analyses and key industry updates.

Prime News

South Korea’s apparel imports reached $1,020.137 million in July 2024, which was 2.30 per cent higher than the imports of $997.712 million in the corresponding period of the previous year. According to the latest figures released by the Korea Customs Service, the country imported apparel worth $737.092 million in June 2024. Therefore, the inbound trade surged by 38.39 per cent on a month-on-month basis.

Australia's imports of apparel and clothing accessories increased by 14.68 per cent to $1.148 billion in July 2024, the first month of the new fiscal 2024-25 (July-June). According to the latest trade data released by the Australian Bureau of Statistics (ABS), the country had imported apparel and clothing accessories worth $1.001 billion in July 2023.

Prime Articles

Imagine a world where your clothes are grown rather than manufactured, where sustainability meets innovation at every stitch. Biofabrication involves just this and is transforming the textile industry, ushering in a new era of sustainable, high-performance materials. The journey towards such future is a quest to redefine human relationship with materials.

Global textile industry continues to recognise the importance of sustainable fabrics as it embraces more and more eco-friendly and sustainable options in its manufacturing and end-products. This article classifies sustainable, eco-friendly and ethically produced fabrics, while providing information about which fashion companies or brands are using them.

In Other News

Italy's seasonally- and calendar-adjusted gross domestic product (GDP) recorded a slight increase of 0.2 per cent quarter on quarter (QoQ) in the second quarter (Q2) this year, marking the fourth consecutive positive growth rate, according to the official statistical agency Istat.

European fashion powerhouses have made remarkable strides in the global apparel market, according to the latest Apparel 50 2024 report by British consulting firm Brand Finance. Brands such as Louis Vuitton and Dolce & Gabbana have not only maintained their competitive edge but also achieved significant growth in a year marked by both challenges and opportunities.

Articles For You

The textile industry impacts aquatic ecosystems, with microfibres emerging as a significant pollutant. Developing biodegradable materials, investing in filtration technologies, and reducing microfibre production through advanced cutting methods are crucial. Collaboration between industry and regulators, along with consumer education, is essential.

This article underlines how fashion industry can leverage full potential of existing/new IT solutions by following some tools currently used to navigate complex project environments in IT industry. These tools can help businesses adapt to best practices offered by ERP, CRM, and other solutions, without burdening them with additional costs and complexities.