Page 9 - Xpert Comment News Today

In November 2023, UKs clothing imports decreased by 37.74 per cent to £1.275 billion from 2022, with textile fabric and fibre imports also falling. The third quarter of 2023 saw £4.164 billion in clothing

US textile and apparel exports declined by 5.17 per cent to $21.846 billion from Jan-Nov 2023, compared to the same period in 2022. Notably, shipments to the Netherlands, Belgium/Luxembourg, the UK,

Adastria, Boot Barn Holdings and H&M reported strong financial performance in their recent quarters. Adastrias consolidated net sales for nine months in FY24 increased by 14.8 per cent to ¥203,252 million.

In 2023, Cambodias apparel exports fell by 12.91 per cent to $7.87 billion, constituting 34.80 per cent of its total foreign income. However, December saw a 14.07 per cent rise in textile exports. Knitted

Over the past year, Chinese high-grade raw silk prices increased by 7.37 per cent to $69.17 per kg, while Indian charkha raw silk prices fell by 27 per cent to $36.66 per kg. The upward trend in the

Drought-induced restrictions at Panama Canal are impacting global shipping, thus affecting textile and garment trade. With Gatun Lakes water levels low, the Panama Canal Authority has limited vessel

In the first 11 months of 2023, US textile and apparel imports fell by 20.98 per cent to $97.427 billion, with China remaining the top supplier. Apparel imports dropped by 22.40 per cent, and non-apparel

Switzerland has abolished customs duties on clothing, shoes, and industrial goods. This move, expected to save CHF 860 million annually, includes CHF 490 million in direct company savings and cuts in

Vietnams garment exports to North America, its largest market, fell by 26.02 per cent in January-October 2023 compared to the same period in 2022. Asia-Pacific was the second-largest market, though

In 2023, Thailands domestic natural rubber prices fluctuated, starting at $1.33 per kg, dropping to $1.26 per kg, then rising to $1.54 per kg by early 2024, a 15.78 per cent increase. Meanwhile, Bangkoks