Apparels

The Philippine manufacturing producer price index (PPI) saw a YoY drop of 1 per cent in August from a 0.4-per cent YoY drop in July.
Month on month (MoM), it fell by 0.2 per cent in August from July’s 0.0004-per cent rise.
The PPI for readymade garments rose by 0.8 per cent YoY in August compared to a 1.7-per cent YoY rise in July and rose by 0.2 per cent MoM over July’s 0.2-per cent MoM drop.

China’s apparel exports to Saudi Arabia reached $1.2 billion from January to July 2024, with trousers and shorts leading at $216 million.
Dresses and T-shirts followed in value. Home textile exports amounted to $288 million, with bed and floor textiles being the largest categories.
In the textiles segment, fabric exports dominated, totalling $504 million.

Sri Lanka’s garment exports rose by 2.3 per cent to $3.09 billion in Jan-Aug, while textile exports declined by 14.9 per cent.
Exports of other made-up textile articles rose by 7.3 per cent, contributing to total textile product exports of $3.36 billion.
Imports of textiles and clothing saw significant growth, with textiles rising 16.1 per cent and clothing up 26.8 per cent in the same period.

US apparel imports totalled $79.3 billion in 2023, with the majority sourced from Asia, a report released yesterday by the US International Trade Commission said.
Bangladesh, Cambodia, India, Indonesia and Pakistan accounted for a combined 27 per cent of US apparel imports last year.
Quality and detailed finishing contribute to the competitiveness of India’s apparel production, the report noted.

Adidas Y-3’s Fall/Winter 2024 campaign, directed by Francis Plummer, transitions from NYC streets to an abstract realm, showcasing the brand’s dynamic blend of movement, art, and athleticism.
The collection features refined wool pieces, tie-dye nylon fabrics, and footwear highlights like the Y-3 SUPERSTAR and KYASU OVERBOOT, blending Yohji Yamamoto’s aesthetics with Adidas’ heritage.

The global T-shirt import market, driven by casual and athleisure trends, shows steady growth, with cotton T-shirts favoured for sustainability and comfort, while non-cotton options cater to performance needs.
The US, Germany, and France lead imports, while China and Bangladesh dominate exports.
Future T-shirt import trends include a growing focus on sustainability and functional apparel.

Genesco Inc has appointed Cassandra “Sandra” Harris as Senior Vice President, Finance, and CFO, effective October 7, 2024, succeeding Thomas A. George, who will retire on December 12, 2024.
Harris, with extensive leadership experience from VF Corporation, will oversee Genesco’s financial operations, driving growth and profitability.
George will assist with the transition.

Impress Apparel Machines introduced its new 900 mm fusing machine at GTE 2024, Bengaluru, offering cost-effective and energy-efficient solutions for garment manufacturers.
The machines incorporate advanced features like touch panels, ensuring higher production efficiency.
Impress stands out for its durable, industrial-grade quality and over three decades of market trust.

South Korea’s apparel imports totalled $1.245 billion in August 2024, a 3.33 per cent decline year-on-year but a 22.05 per cent rise month-on-month.
Imports of knitted and non-knitted apparel amounted to $516.533 million and $728.598 million, respectively.
Total apparel imports for January-August reached $7.797 billion.
It also exported man-made filaments and knitted fabrics during this period.

The Bangladesh Garment Manufacturers and Exporters Association has requested customs authorities for manual clearance of RMG consignments following issues with the updated Asycuda World System used for processing shipments.
The problems started on September 20, and have disrupted the submission of import and export general manifests, invoice verification and the overall customs clearance process