TexPro Trendline: Unlocking the Future of Textiles and Apparel

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text-[18px] font-bold text-color-text overflow-hidden "> Fibre2Fashion </h3> <h4 class="base-main-card__subtitle body-text text-color-text overflow-hidden "> Empowering Businesses with Intelligence, Insights & Networking. #Fibre2Fashion </h4>  <div class="body-text text-color-text-low-emphasis base-main-card__metadata"> Published Nov 12, 2024 </div>  </div> <div class="base-main-card__ctas z-[3] self-center ml-3 babybear:ml-1 babybear:self-start"> <a class="base-main-card__cta btn-sm btn-secondary" href="https://www.linkedin.com/signup/cold-join?session_redirect=%2Fpulse%2Ftexpro-trendline-unlocking-future-textiles-apparel-fibre2fashion-gpmuf%3Ftrk%3Dpublic_post&trk=article-ssr-frontend-pulse_publisher-author-card" data-tracking-control-name="article-ssr-frontend-pulse_publisher-author-card" data-tracking-will-navigate> + Follow </a> </div> </div> </div> </section> </header> <div data-test-id="article-content-blocks">  <div class="article-main__content" data-test-id="publishing-text-block"> <p> <span class>Welcome to this month’s </span><span class><a href="https://www.linkedin.com/redir/redirect?url=https%3A%2F%2Fwww%2Efibre2fashion%2Ecom%2Fmarket-intelligence%2Ftexpro-textile-and-apparel%2F&urlhash=e8BR&trk=article-ssr-frontend-pulse_little-text-block" target="_blank" data-tracking-control-name="article-ssr-frontend-pulse_little-text-block" data-tracking-will-navigate data-test-link>TexPro </a></span><span class> Trendline! In this edition, we spotlight the transformative trends and market dynamics shaping the textile and apparel world. This newsletter provides the insights you need to stay ahead in a rapidly evolving industry.</span> </p> </div>  <div class="article-main__content" data-test-id="publishing-text-block"> <p> <br> </p> </div>  <div class="article-main__content" data-test-id="publishing-text-block"> <p> <br> </p> </div>  <div class="article-main__content" data-test-id="publishing-text-block"> <p> <br> </p> </div>  <div class="flex flex-col mt-2" data-test-id="publishing-image-block" rel="ugc"> <figure> <img class="lazy-load block w-full" data-delayed-url="https://media.licdn.com/dms/image/v2/D4D12AQHFZk4S6AcrmA/article-inline_image-shrink_1000_1488/article-inline_image-shrink_1000_1488/0/1731405487275?e=2147483647&v=beta&t=0gExT_PljGJA3_evXKY-f75mxplSB5HQiS6JxSHKJOw">  </figure> </div>  <div class="article-main__content" data-test-id="publishing-text-block"> <p> <span class>Over the past week, wool prices saw a slight dip, largely influenced by reduced demand from Chinese buyers amid ongoing uncertainties surrounding China’s Fiscal Stimulus. The Eastern Market Indicator (EMI) dropped by 0.7%, while 18 Micron wool experienced a 2.06% decline. With buyers prioritizing value over volume, the market reflects a shift in purchasing strategies. As noted by AWI, securing supplies is taking a back seat to finding better value. </span> </p> </div>  <div class="article-main__content" data-test-id="publishing-text-block"> <p> <br> </p> </div>  <div class="article-main__content" data-test-id="publishing-text-block"> <p> <br> </p> </div>  <div class="flex flex-col mt-2" data-test-id="publishing-image-block" rel="ugc"> <figure> <img class="lazy-load block w-full" data-delayed-url="https://media.licdn.com/dms/image/v2/D4D12AQGVeqQHKSMoEQ/article-inline_image-shrink_1000_1488/article-inline_image-shrink_1000_1488/0/1731405535137?e=2147483647&v=beta&t=HJVptnfzKUEKuD5qPvwx1_IVwtN3Ikg81N6M7RFXL8w">  </figure> </div>  <div class="article-main__content" data-test-id="publishing-text-block"> <p> <span class>China: In 2022, PSF prices were high during the early part of the year due to rising crude oil prices and strong demand for polyester products, exacerbated by the Russia-Ukraine conflict. However, by the second half, strict COVID-19 lockdowns, lower global demand, and easing oil prices caused a significant decline in PSF prices. In 2023, PSF prices fell significantly throughout the year as demand remained weak both domestically and globally. Despite China reopening after its COVID restrictions, global recession concerns and reduced textile exports to the U.S. and Europe kept PSF prices low. In 2024, PSF prices have shown signs of recovery, supported by improving domestic demand and better-than-expected international market performance. Stable crude oil prices and a recovering global economy are likely to keep prices on a stable upward trajectory. India: PSF prices surged in 2022, fueled by strong domestic demand, higher crude oil costs, and export demand. However, prices started to drop in the second half of the year as crude oil prices stabilized and global demand weakened, particularly from key export markets. Demand for synthetic fibers remained weak in 2023, which drove PSF prices downward. The textile export market struggled due to inflation and recessionary pressures in major markets, resulting in lower orders and reduced prices. In 2024, Indian PSF prices are projected to stabilize with modest increases, driven by stronger domestic consumption and gradual improvements in export demand. Crude oil prices and global economic conditions will play a key role in determining further price trends. Pakistan: In 2022, prices remained elevated for most of the year, supported by robust demand from the textile sector, which benefited from increased export orders. However, declining crude oil prices and a weaker economy towards the latter half led to a moderate decrease in PSF prices. PSF prices experienced a steady decline in 2023, impacted by weak domestic demand, high inflation, and currency depreciation. The country's economic challenges limited industrial production and demand for polyester fibers, leading to lower prices. PSF prices are expected to recover slightly in 2024 as export demand improves and energy markets stabilize. However, the ongoing economic struggles, particularly inflation and currency fluctuations, may limit significant price gains.</span> </p> </div>  <div class="article-main__content" data-test-id="publishing-text-block"> <p> <br> </p> </div>  <div class="article-main__content" data-test-id="publishing-text-block"> <p> <br> </p> </div>  <div class="flex flex-col mt-2" data-test-id="publishing-image-block" rel="ugc"> <figure> <img class="lazy-load block w-full" data-delayed-url="https://media.licdn.com/dms/image/v2/D4D12AQExIMIFrkSZ-Q/article-inline_image-shrink_1000_1488/article-inline_image-shrink_1000_1488/0/1731405596121?e=2147483647&v=beta&t=6Zl40GgBmCrAO2fe52LELEaQOHwbv0OZPamRO3-rYT4">  </figure> </div>  <div class="article-main__content" data-test-id="publishing-text-block"> <p> <span class>The chart shows the quarterly cotton woven fabric exports of India across the last four quarters (Q3 2023 to Q2 2024). </span> </p> </div>  <div class="article-main__content" data-test-id="publishing-text-block"> <p> <span class>1. Dyed Fabric: Exports of the dyed cotton fabric showed a slight increase from Q3 2023 to Q4 2023 and reached a peak in Q1 2024. However, a significant decline occurred in Q2 2024, which is approximately a 23% decrease from the previous quarter. This decline might suggest a weakening demand or pricing adjustments in this category during Q2 2024. </span> </p> </div>  <div class="article-main__content" data-test-id="publishing-text-block"> <p> <span class>2. Yarn Dyed Fabric: The export values for yarn-dyed fabrics indicate a strong upward trend. The exports steadily increased through Q4 2023 and surged in Q1 2024. The highest export value was seen in Q2 2024. This consistent growth highlights a potentially rising demand or higher prices for yarn-dyed fabrics, making it the best-performing category among the three over a period of last year. </span> </p> </div>  <div class="article-main__content" data-test-id="publishing-text-block"> <p> <span class>3. Printed Fabric: The export performance of printed cotton fabric fluctuated considerably. After reaching a high in Q3 2023, exports dropped in Q4 2023. There was a recovery in Q1 2024. However, Q2 2024 saw another decline, marking a 22.6% drop from Q1 2024. This volatility suggests sensitivity to seasonal or external market factors, potentially making printed fabric exports less stable. Q2 2024 saw a decline in all categories, most notably in dyed and printed fabrics. This simultaneous drop may reflect broader economic or market-related constraints affecting India’s cotton woven fabric exports. </span> </p> </div>  <div class="article-main__content" data-test-id="publishing-text-block"> <p> <span class>Yarn-dyed fabric consistently grew in export value across all quarters, positioning it as a relatively stable and growing segment. In contrast, dyed and printed fabrics showed higher volatility, with notable dips in Q2 2024.</span> </p> </div>  <div class="article-main__content" data-test-id="publishing-text-block"> <p> <br> </p> </div>  <div class="article-main__content" data-test-id="publishing-text-block"> <p> <br> </p> </div>  <div class="flex flex-col mt-2" data-test-id="publishing-image-block" rel="ugc"> <figure> <img class="lazy-load block w-full" data-delayed-url="https://media.licdn.com/dms/image/v2/D4D12AQHX8uAGa3CSow/article-inline_image-shrink_1000_1488/article-inline_image-shrink_1000_1488/0/1731405914121?e=2147483647&v=beta&t=HO0CFZpnsguzQ3sxFP6ipqJfBfdllMd_lOsYliusIrs">  </figure> </div>  <div class="article-main__content" data-test-id="publishing-text-block"> <p> <span class>There is a clear downward trend in Cambodia's apparel exports to the United States in 2023, marking the first decline in the last five years. From 2019 to 2022, exports grew steadily in value, reaching a peak of around USD 4,500 million in 2022. However, in 2023, there was a significant drop in exports, declining sharply to just over USD 3,300 million. The year-over-year (Y-o-Y) percentage change also reflects this decline, with a dramatic plunge from a peak growth of approximately 26% in 2022 to a decrease of around 24% in 2023. The sharp reversal in 2023 suggests a possible change in demand, market conditions, or trade policies between Cambodia and the U.S. This drop in export value, indicates that 2023 was a challenging year for Cambodia's apparel industry in terms of its U.S. exports.</span> </p> </div>  <div class="article-main__content" data-test-id="publishing-text-block"> <p> <br> </p> </div>  <div class="article-main__content" data-test-id="publishing-text-block"> <p> <br> </p> </div>  <div class="flex flex-col mt-2" data-test-id="publishing-image-block" rel="ugc"> <figure> <img class="lazy-load block w-full" data-delayed-url="https://media.licdn.com/dms/image/v2/D4D12AQFuFo4QSIx6hg/article-inline_image-shrink_1000_1488/article-inline_image-shrink_1000_1488/0/1731406067918?e=2147483647&v=beta&t=jbn5rvzMAjMrRcchDTx94kAJ5vvV1xtdyHfLlIG5fY4">  </figure> </div>  <div class="article-main__content" data-test-id="publishing-text-block"> <p> <span class>Turkey's Consumer Price Index (CPI) have seen a steady increase in the last six months - from March to August, indicating a rising cost of goods and services over this period. The month-on-month CPI growth rate is relatively consistent. Notably, June 2024 saw the lowest month-on-month growth at 1.64%, while other months ranged from 2.47% to 3.37%, highlighting some variation in inflation rates month to month. This trend points to a persistent inflation environment, with periodic moderation but overall sustained upward movement of the Consumer Price Index.</span> </p> </div>  <div class="article-main__content" data-test-id="publishing-text-block"> <p> <br> </p> </div>  <div class="article-main__content" data-test-id="publishing-text-block"> <p> <br> </p> </div>  <a href="https://www.linkedin.com/redir/redirect?url=https%3A%2F%2Fwww%2Efibre2fashion%2Ecom%2Fmarket-intelligence%2Ftexpro-textile-and-apparel%2F&urlhash=e8BR&trk=article-ssr-frontend-pulse_publishing-image-block" target="_blank" data-tracking-control-name="article-ssr-frontend-pulse_publishing-image-block" data-tracking-will-navigate class="flex flex-col mt-2" data-test-id="publishing-image-block" rel="ugc"> <figure> <img class="lazy-load block w-full" 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text-color-text-low-emphasis leading-[1.33333] mb-0.5 truncate comment__author-headline">Guest posting ,content writing, linkbuilding, off page SEO</p> <span class="text-xs text-color-text-low-emphasis comment__duration-since absolute right-6 top-1 inline-block"> 1w </span> <div class="ellipsis-menu absolute right-0 top-0 !mr-0.5 babybear:!-top-0.5" data-test-id="comment__ellipsis-menu" data-feed-action="show-comment-dropdown"> <div class="collapsible-dropdown flex items-center relative hyphens-auto"> <button class="ellipsis-menu__trigger collapsible-dropdown__button btn-md btn-tertiary cursor-pointer !py-[6px] !px-1 flex items-center rounded-[50%] ellipsis-menu__trigger--small w-[32px] h-[32px] babybear:rotate-90 mamabear:!h-4 mamabear:!min-h-[32px] papabear:!h-4 papabear:!min-h-[32px]" aria-expanded="false" aria-label="Open menu" data-tracking-control-name="article-ssr-frontend-pulse_x-social-details_comments-action_comment_ellipsis-menu-trigger" tabindex="0"> <icon 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