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Related Keywords: African market, economic flux, UK textile exporter

The African market is absolutely important; with large UK textile-sorting merchants send around 65% of their material there. The devaluation of African currencies against the pound is causing a build-up of textile stock in the UK, according to industry experts.

Martin Wilcox, director of textiles recycler JMP Wilcox, said that the African market is in “serious trouble”, with the Nigerian border closed for imports causing major problems in West Africa.

Related Keywords: handicraft sector, handloom sector, rebate, Textile Industry, woolen yarn

Union Minister for Textiles K S Rao has announced 10 percent rebate on purchase of yarn, which was only available for handicraft sector, shall be now available on purchase of woollen yarn as well to promote handloom sector in the country.

Responding to the demand of handloom weavers, the announcement comes in, at the need of the hour to make handicraft market driven conforming to the fast changing consumer tastes and liking.

Related Keywords: Australian wool industry, wool market, wool price

Wool market likely to improve at least by 5 percent in the eastern market indicator for the 2013-14 period as per the National Australia Bank projection.

The National Australia bank's latest outlook for wool is based on the market's strong performance late last year, the softening of the Australian dollar and an expected drop in wool supplies over the next few months

Head of NAB agribusiness for South and Western Australia, Matt O'Dea says the EMI should average just below 1100 cents per kilogram.

The value of wool exports have been falling since their peak in 2011

Related Keywords: Istanbul Textile and Apparel Exporters Association, Turkey apparel export, Turkey textile industry

Turkey’s apparel exports shows an increase of 8.3% reaching USD 17.3 bln during 2013 compared to last year, according to Istanbul Textile and Apparel Exporters Association (ITKIB) data. Germany remained the main destination for Turkish apparel exports.

Related Keywords: garment accessories, Vietnam textile industry

Vietnam garments sector began exporting accessories for the first time in 2013, a milestone in industry development after decades of purchasing input material from overseas. With the availability of domestic garment accessories; apparel makers are finally able to cut costs in the form of pricy material purchases from China, Korea, Bangladesh and other countries.

Related Keywords: German textile business, KL Technologies, textile market, UK textile industry

Lynn-based KL Technologies has acquired an historic German textile business Bamberger Kaliko with a turnover of €20 million. Mark Littlewood, chief executive of KLT, said that the acquisition would strengthen the firm’s position in the textile market.

Kaliko is a perfect fit with their existing textile businesses, which are already significant suppliers into the industry. They are excited about this further expansion of their textiles business and look forward to working closely with the team in Bamberg to grow the business.

Related Keywords: clothing industry, lobal industrial protective clothing market

Transparency Market Research new market report on Industrial Protective Clothing Market observes that the revenue generated by industrial protective clothing was USD 1.7 billion in 2012 and is expected to reach USD 3.5 billion by 2019 and is anticipated to grow at a CAGR of 11.5% between 2013 to 2019.

Related Keywords: cotton export, overseas textile and clothing maker

A plenteous crop and a weaker rupee have made Indian cotton cheaper for overseas textile and clothing makers, many of which are rushing to meet increased orders from the United States and Europe as the global economy picks up.

India, the world's No.2 producer and exporter of cotton, has seen growing appetite from its second and third largest customers, Bangladesh and Pakistan, as well as other key clothing producers such as Turkey and Vietnam.

Related Keywords: cotton price, Karachi cotton industry

Cotton price remained on the higher side in Pakistan due to lower availability of high quality cotton, while arrival of cotton to the local markets slowed down.

Cotton price increased to Rs7,350 per maund, while trade activities remained slightly down in wait for a likely decline in the commodity prices, a dealer said on Monday.

Traders are expecting higher arrivals of cotton than 12.88 million bales reported in the ongoing fiscal year till January 15. This was; however, 7.15 percent higher than 12.02 million bales arrived in the same period last fiscal year.

Related Keywords: cotton textile industry, US-Africa apparel trade, USAID

Building on the momentum of President Obama's Trade Africa initiative, memorandum of understanding to expand trade and investment linkages between the United States and sub-Saharan Africa in the cotton textile and apparel sectors have been entered into by the United States Agency for International Development (USAID), the American Apparel and Footwear Association (AAFA), and the African Cotton and Textile Industries Federation (ACTIF).