Apparels

Rainbow Industries debuted its range of elastic products, specialising in smoking elastics used in footwear, gloves, and socks manufacturing, at GTE 2024 in Bangalore.
Rajan Batra, Director, highlighted that the OEKO-TEX certified products meet high safety standards while being eco-friendly.
The company explored new markets and impressed attendees.

From Jan-Jul, Cambodia exported $114.512 million worth of garments to Australia, with cotton garments making up 54.67 per cent and man-made garments 36.06 per cent.
The total export value grew from $84.360 million in Jan-Jul 2023.
Other exports included wool, silk and garments made from other fibres.
Major product categories included trousers, jerseys, T-shirts, innerwear and baby wear.

Vietnam’s footwear exports reached $16.292 billion between January and August 2024, a 4.9 per cent decline from the same period in 2023.
The United States was the largest market, accounting for 30.26 per cent of total shipments.
Regional exports were primarily directed to North America (34.97 per cent) and the Asia-Pacific (31.59 per cent).
Total exports in 2023 dropped 11.27 per cent.

Everest Technology introduced advanced garment machines, including poly filling, keyhole machines, and smart cutting systems, at GTE 2024.
Sudhakar M, Director of Sales, explained that the machines improve production efficiency by 30-40 per cent.
Everest Technology offers robust customer support, including a one-year free service and stock for repairs.

Cambodia’s apparel exports to South Korea reached $139.766 million during January-August, led by trousers, shorts, T-shirts, jerseys, shirts and innerwear.
Trousers and shorts made up 26.92 per cent of the total.
Exports were 8.36 per cent lower than the same period in 2023, when they reached $152.525 million.
Post-COVID, Cambodia’s exports to South Korea grew to $201.116 million in 2023.

Adidas reported a 10 per cent rise in currency-neutral Q3 2024 revenues, with net income reaching €469 million (~$508.4 million) and operating profit at €598 million (~$648.2 million).
Footwear sales grew 14 per cent, and apparel by 5 per cent. Adidas forecasts 10 per cent revenue growth for 2024 and expects operating profit around €1.2 billion (~$1.3 billion).

From January to August 2024, US apparel imports from Africa fell by 5.02 per cent, totalling $1.91 billion, compared to $2.01 billion in the same period last year.
Trousers and shorts led imports, followed by shirts, jerseys, T-shirts, and innerwear.
Despite Africa’s growing role as a low-cost garment exporter, it accounted for just 3.57 per cent of the US’ $54.1 billion apparel imports.

Cambodia’s apparel exports to ASEAN remain low despite the signing of the RCEP.
From Jan-Aug, these exports totalled $139.882 million, less than 2 per cent of Cambodia’s total apparel exports of $7.539 billion.
While Cambodia’s overall apparel exports have fluctuated since 2021, its fabric imports from ASEAN countries also remain minimal, accounting for just 3.96 per cent of total imports in 2024.

Cascale, formerly the Sustainable Apparel Coalition, has introduced a new membership model to enhance inclusivity and balance supplier input, restructuring to prioritise member type over region.
Key initiatives include the Higg Index updates, a Bangladesh collaboration, and the Manufacturer Climate Action Program, all driving sustainable industry impact.

China’s leather apparel and accessory exports fell 6.12 per cent to $23.989 billion from January to August 2024, down from $25.579 billion in the same period in 2023.
The United States, Japan, and Malaysia were the top three markets, with trunks and suitcases making up a significant portion.
The decline continues from 2023, when annual exports dropped by 1.86 per cent to $37.892 billion.