Asia-Pacific's Ascendancy in the Global Textile and Apparel Market: Trends, Challenges, and Competitive Analysis
Read article about The Asia Pacific region has historically been a cornerstone in shaping the global trade of textiles and apparel (T&A), serving as a primary sourcing destination worldwide . Following the abolition of the Agreement on Textiles and Clothing (ATC) on January 1, 2005, the global T&A trade experienced rapid expansion, accompanied by increased exports from the Asia Pacific region. Notably, the growth rates in the Asia Pacific region have outpaced global trends, boasting a compound annual growth rate (CAGR) of 4.5 per cent over the last two decades, compared to the world's more slu...
Source: fibre2fashion.com