TexPro Trends: Unveiling the Future of Textiles

Welcome to the latest edition of TexPro newsletter, where data meets textiles! In this issue, explore cutting-edge trends and industry insights that are shaping the future of the textile and apparel landscape. Stay ahead with TexPro, your gateway to the dynamic world of fibers and fabrics!

The Lyocell market faced a slump in both China and India in the last six months. In China, even with more supply, demand dropped, causing inventory to grow faster in Lyocell plants.

The labor force participation rate, representing the proportion of the population aged 15 and above that is economically active, is observed as follows in the year 2022: out of every 10 individuals, 5 are engaged in work in India, 6 in Bangladesh, and 6.5 in China respectively.

Apparel Exports of Myanmar for the year 2022 reveals a consistent growing performance across all three quarters, with values of 79 USD Million, 93 USD Million, and 115 USD Million for Q1, Q2, and Q3, respectively. In contrast to the stable performance observed in 2022, the data for 2023 shows a divergence in performance across quarters. While Q1 maintains the same value as the previous year (79 USD Million), there is a notable decrease in Q2 (60 USD Million) followed by a slight recovery in Q3 (83 USD Million). Comparing the quarterly average of 2022 (94 USD Million) to the corresponding values in 2023 (74 USD Million), there is a noticeable decrease. This decline in the average suggests an overall reduction in performance across the given quarters.

In India, Organic Cotton Fiber rose by 31.54%, Organic Cotton Yarn by 3.41%, Re-Polyester Staple Fiber by 5.31%, and Recycled Wool by 9.31%. This indicates an upward trend in sustainable textile pricing.

France's export of wool fibres has seen a consistent upward trend over the last 4 years. From 67.49 USD million in 2019 to 83.56 USD million in 2022, the Compound Annual Growth Rate (CAGR) is 7%, indicating a steady increase in the export values. Notably, despite the challenging economic conditions experienced globally in 2020 due to the COVID-19 pandemic, the export value only decreased marginally from 67.49 USD million in 2019 to 50.40 USD million in 2020. There is a noteworthy acceleration in growth from 2021 to 2022, with the export value increasing from 77.47 USD million to 83.56 USD million.

Cotton consumption of India and China in 2022/23 cycle is still 2% and 5% lower respectively as compared to 2018/19 cycle. Whereas Turkey's consumption has grown by 9%.