The global trade value of wool (not carded or combed) has been consistently escalating with high CAGR of 7.55 per cent from 2015 to 2018, according to data from. The global trade of wool was $8,139.53 million in 2016, which increased to $9,726.59 million in 2018. The total trade of wool has risen by 8.19 per cent in 2018 over the previous year.Pic: ShutterstockFurther, total trade of wool is anticipated to reach $12,720.44 million in 2021 with a CAGR of 9.32 per cent from 2018, according to.The

Around 65.4 per cent of Chinese people are fans of hanfu, the traditional clothing of the Han ethnic group, while about 44 per cent have worn such clothing in the past, according to a recent survey by China Youth Daily. Around 64.5 per cent of the 2,001 respondents believe the growing popularity of hanfu has aroused the interest of more people.Pic: ShutterstockSixty five per cent of the 2,001 respondents felt there were more people wearing hanfu at parks, scenic spots, and even in the streets, o

Godsent has entered a three-year exclusive apparel sponsor partnership with Swedish sports fashion brand Björn Borg under which. GODSENT will integrate Bjorn Borg Apparel into all its official match wear and merchandise clothing. A new collaborative apparel collection is expected in autumn 2020 to highlight the benefits of physical training alongside gaming.The collaboration has begun in autumn 2019.Godsent is regarded as one of the top esports organisations in the Nordic and seeks to emphasise

India’s continuous export contraction is expected to stop in 2020 but the rate of growth will be subdued because of the uncertain global trade situation due to rising protectionism. The slowdown in exports now is mainly due to a decline in petroleum products, which comprise 13.42 per cent of overall outward shipments, commerce secretary Anup Wadhawan said.Pic: ShutterstockHowever, the positive growth in the exports of non-conventional commodity groups like electronic goods, drugs and pharmaceuti

The area allocated for cotton cultivation in Azerbaijan in 2020 is 105,000 hectares, the country’s agriculture minister Inam Karimov said recently. According to the new subsidy mechanism, which will come into force in 2020, $129 will be issued to farmers for every hectare of sown cotton, and $58 for each tonne of harvested cotton, the minister said.Pic: ShutterstockIssuing subsidies through the Electronic Agriculture System will accelerate the process and improve the quality of service, Azeri ne

There has been a significant increase in the volume of man-made cellulosic fibre, produced by those with 'green shirt’ rankings, according to the 2019 Hot Button Ranking issued by Canopy. ‘Green shirt’ producers account for 42.5 per cent of global viscose production. The report will help brands identify producers who best meet their CanopyStyle commitments.Pic: ShutterstockMore than 200 brands and retailers are committed to eliminate ancient and endangered forests from their viscose and rayo

Genesco has signed a definitive asset purchase deal to take over New York-based Togast, which specialises in design, sourcing and sale of licensed footwear. Prior to the acquisition, Togast served as distributor for Levi's footwear in the United States. Genesco will also enter into a new US footwear license agreement for men, women and children for Levi's.Pic: GenescoThe purchase price for the acquisition is $33.7 million in cash at closing, plus up to an additional $34.0 million in cash

As per the new wool market research report published by the Persistence Market Research (PMR), global wool market to grow at CAGR of 3% by 2029. This growth can be attributed to several factors including the increasing disposable income of consumers across various geographies, which has significantly boosted the spending capacity of consumers on apparels and interior textiles. A prominent share of the global wool market volume is consumed by the textile producers in China. Favorable conditions,

Egypt’s Cotton & Textile Industries Holding Company recently signed a contract with PwC under which the latter will provide accounting, legal and tax advice to the firm for the planned merger of its subsidiaries and implementation of restructuring. Its subsidiaries are planned to be merged into nine textile firms and one company for cotton grinning and trade.Warner Consulting recommended merging the company's 22 textile units and 9 units for ginning and trade of cotton, according to an E

India plans to take khadi and village industries turnover to ₹2 trillion in the next five years from ₹75,000 crore at present, minister for micro, small and medium industries (MSME) Nitin Gadakri said recently. He urged the industry to expand its share in global trade to about 10 per cent in the wake of China facing rising costs and difficulties.He was addressing the 92nd annual convention of the Federation of Indian Chambers of Commerce and Industry (FICCI).He said the infrastructure and MSME s