Apparels

Healthy order inflows amid rising demand will lift the revenue of RMG exporters in India’s Tamil Nadu state by 8-10 per cent to $5.11 billion in this fiscal, CRISIL Ratings said.
Operating profitability will rise by 25-30 bps on better operating leverage, a 1-3-per cent rise in realisations and stable yarn prices.
The centre’s impetus and Bangladesh’s gas crisis would also benefit the industry.

South Korea’s apparel imports from Bangladesh dropped by 38.82 per cent in Q2 2024 to $115.796 million, following a fluctuating trend.
Imports peaked in Q1 at $188.206 million but declined across various quarters in 2022 and 2023.
Bangladesh was the fourth-largest apparel supplier to South Korea, contributing 5.20 per cent of the country’s $6.54 billion apparel imports from January to July 2024.

The closure of garment factories in Zimbabwe due to an economic crisis has hindered trade unions, with unemployment nearing 90 per cent.
Despite challenges, the National Union of the Clothing Industry (NUCI) retains members through improved industrial relations and collective bargaining, advocating for living wages above $250, currently set at $180.

Australia’s apparel and clothing imports rose 5.35 per cent to $2.241 billion in the first two months of fiscal 2024-25, with textile yarn and fabrics increasing 6.30 per cent.
However, fibre imports fell by 9.09 per cent.
August 2024 saw a decline in apparel imports, while textile fibre exports fell 6.74 per cent.
In fiscal 2023-24, Australia’s apparel and textile imports declined overall.