Apparels

The average price of Sri Lankan apparel exports declined in the first ten months of 2024 compared to 2023, despite a previous upward trend.
Cambodian apparel exports also saw a price decrease.
Meanwhile, Sri Lanka’s export volume increased slightly in 2024, with a diversified product range led by innerwear, contributing significantly to total export values.

The National Board of Revenue recently partially launched the Bangladesh Single Window, an electronic system that allows traders to submit import, export and transit information to multiple government agencies through a single gateway, bringing seven customs agencies under a single system.
Twelve more agencies will be integrated into the window on February 28, marking the full launch.

Shein is re-entering the Indian market after a 2020 ban, partnering with Reliance Retail for a test launch. The company aims to challenge local fast-fashion brands and capitalize on India’s growing demand for affordable fashion. India’s government has set strict regulatory conditions to ensure data security and boost domestic manufacturing and e-commerce sectors.

AEPC is requesting the government remove certain tax provisions and customs duties to support apparel exporters. They have also asked for an interest equalization rate and extension of tax benefits for new manufacturing units. Additionally, they want the e-commerce cap and export realization period increased to encourage growth in the sector.

Turkiye’s apparel exports fell by 3.96 per cent YoY to $16.23 billion in January–November 2024 but rose by 8.02 per cent in November to $1.48 billion.
Knitted apparel dropped by 1.1 per cent, and non-knitted fell by 7.6 per cent in the period.
Imports of non-knitted goods grew 17 per cent YoY in January–October.
In 2023, apparel exports declined by 5.86 per cent to $18.32 billion.

Global demand for winter apparel like coats increased post-COVID-19.
Global coat export trends suggest that exports in 2023 reached $46.43 million, demonstrating robust market engagement.
Asia and Europe, led by China, Italy, and Germany, are top winter coat suppliers, with notable fluctuations in export volumes throughout 2024, highlighting dynamic market conditions.

Lululemon welcomes PGA golfer Max Homa as its newest Ambassador.
Ranked 27th globally, the six-time PGA Tour winner is known for his sharp style, wit, and community focus.
A fan of Lululemon’s apparel, Max values its mix of performance and comfort.
In 2025, he’ll join Tiger Woods’ team in the TGL golf league.
Max believes looking good boosts confidence and performance, aligning with Lululemon’s ethos.

Anta Sports has received multiple ESG awards, including the ‘ESG Report Grand Award’ at the 2024 HERA Ceremony, the ‘CarbonCare ESG Label 2024’ with a Level 3 ranking, and the ‘ESG Special Recognition Award’ at the TVB ESG Awards.
These accolades highlight its progress in climate governance, green innovation, and sustainability, reinforcing its leadership in ESG practices.

Sales of luxury watches in India are hitting record demand in 2024, with significant growth in metro and smaller cities. Brands like Rolex, Montblanc, and Rado report strong performances, driven by rising income levels and an affluent class. Competitive pricing and brand expansion are making these premium timepieces more accessible.

H&M presents the Wellness Edit, merging H&M MOVE, Beauty, and HOME to encourage self-care.
Featuring Yoga leggings in SoftMove with LYCRA SPORTS fabric, it offers comfort, functionality, and natural tones.
The collection includes sports bras, jackets, K-beauty tools, plush towels, robes, candles, and home décor.
Perfect for yoga, pilates, and relaxation, it launched globally on January 2, 2025.