INSIGHTSCotton yarn prices across north India declined due to weak demand, with significant drops in Ludhiana and Delhi.Panipat's recycled yarn market experienced a slight recovery in cotton comber prices due to reduced production.Mills continue to limit the supply of comber, resulting in increased prices.Cotton prices remained steady due to limited arrivals.Cotton yarn prices in north India persistently declined due to weak demand. The prices in Ludhiana and Delhi markets saw a reduction of

Medical Textile is a specialized branch of textile that deals with the development and application of textiles in medical and healthcare settings. They are used in a wide range of applications, such as wound dressings, implantable devices, surgical gowns, and other medical devices. Surgical gowns and drapes are another important application of medical textiles.The global medical textiles market size was valued at USD 24.70 billion in 2020 and is expected to expand at a compound annual growth ra

INSIGHTSDespite the ongoing downward trend in the Australian wool market, China's largest top maker is increasing purchases, offering a glimmer of hope.Current uncertainties are impacting all wool types, with prices depreciating and merino wool bearing the brunt.Apparel sales are rebounding globally, notably outpacing pre-COVID levels in several markets.Despite lower volumes at Australian wool auctions this week, the downward trend in the wool market remains unaffected. The prevailing uncert

INSIGHTSAsia's export decline is predicted to stabilise post-Q2 2023.Influenced by factors such as China's zero-COVID strategy and a downturn in goods demand from developed markets, the slump should ease as these factors dissipate.Economists predict a 50 per cent chance of a U-shaped recovery, with differing impacts across Asia depending on demand sensitivities.Asia’s export decline, which has extended over a year, is projected to reach a turning point after the second quarter (Q2) of 20

INSIGHTSChina and Ecuador have signed an FTA to enhance bilateral trade.While Chinese apparel exports to Ecuador in 2022 remained stagnant at $66.969 million, there was an increase in exports of home textiles to $39.583 million.The trade data indicates a decline in apparel exports from China to Ecuador in previous years, followed by recovery in 2021 and 2022.China and Ecuador have signed a Free Trade Agreement (FTA) aimed at boosting bilateral trade. Chinese apparel exports to Ecuador in 2022 we

INSIGHTSChinese wool processors are expanding their facilities to meet the rising demand for wool among Chinese consumers who increasingly prefer local brands.The China Wool Textile Association has noted this trend, which marks a significant shift from the past decade.AWI CEO said that China is currently buying 82 per cent of Australia's wool clip.All major processors in China have reported an expansion of their wool processing facilities, as per Australia Wool Innovation (AWI). This optimis

INSIGHTSChina has released new guidelines aimed at improving the structure and scale of foreign trade.The guidelines call for the promotion of domestic offline expos to facilitate supply and purchase matchmaking, cross-border business personnel exchanges, and enhanced market development services.Fiscal support and digitalisation of trade are also highlighted.China has issued new guidelines to improve the scale and structure of foreign trade. To promote trade development, governments at all level

INSIGHTSChina's foreign trade increased by 4.8 per cent YoY to 9.89 trillion yuan in Q1 2023.Exports rose by 8.4 per cent, and imports increased by 0.2 per cent.ASEAN was China's largest trading partner, with trade up 16.1 per cent YoY, while trade with the European Union, US, Japan, and South Korea accounted for 35.6 per cent of its foreign trade.China's foreign trade surged 4.8 per cent year-on-year (YoY) to 9.89 trillion yuan (around $1.44 trillion) in the first quarter (Q1) of 20

INSIGHTSThe EU would like to restart the High-Level Economic and Trade Dialogue and advance steady and balanced growth of economic and trade ties with China for mutual benefit, European Commission President Ursula von der Leyen told President Xi Jinping recently.China expects the EU to develop a more independent and objective perception of China, Xi said.The European Union (EU) would like to restart the High-Level Economic and Trade Dialogue and advance steady and balanced growth of economic and

INSIGHTSThe world economy is expected to grow by less than 3 per cent in 2023, and India and China are likely to account for half of the global economic growth, while others face a steeper climb, IMF managing director Kristalina Georgieva has said.Poverty and hunger could further rise and 90 per cent of advanced economies may witness a growth rate dip, she said.The world economy is expected to grow by less than 3 per cent this year, and India and China are expected to account for half of the glo