Textile Fiber Market in 2013

According to the information from fibre2fashion, the greater purchasing power in the emerging market drove textile fiber consumption in 2013, which resulted in a 4.4% growth compared to 2012.

In 2013, the global textile sector consumed over 90.1 million tons of textile fibers, which corresponds to an average consumption of 12.7 kilos per person.

Export of textile fibers in 2013 from top ten textile fiber exporters also grew by 8.1% over 2012. China and Vietnam were the countries whose textile fibre exports registered a high growth.

Last year, Chinese exports of fibres rose by 11.4% over 2012, while those from Vietnam increased by 18%. The import value into the United States and EU (28) rose 4.1% in 2013 over 2012.

Source: fibre2fashion

Fibre2fashion Launching its Machinery Year Book

Fibre2fashion, one of the leading informational sources about the textile industry on the web, announced its “Machinery Year Book”.

The premise for creating such a resource pertaining to the worldwide textile industry consists in the recent changes and advancements in the textile machinery market in the Asia region. As the region has established itself as a global hub for textile and apparel production, the governments of the respective countries (India, China, Pakistan, Sri Lanka, Indonesia) are aligning their policies and laws with the increasing textile production in the countries. Upgrade of the technological base remains the main focus of the governments, which develop and promulgate rules and laws allowing easier and less time-consuming imports of textile machinery and equipment into the markets.

For instance, India’s ‘Technology Upgradation Fund Scheme’ is already showing a positive dynamics in terms of imports of textile machines. Indonesia has followed suit with its own upgradation scheme, Pakistan, Bangladesh and Vietnam to join the club in the long run.

As mentioned in the Fibre2fashion’s press release, all these initiatives are expected to open a plethora of opportunities for those in the worldwide textile, garment and allied machinery and equipment sector.

So that international textile machinery and equipment manufacturers reach out to the main players in the Asian region, fibre2fashion is keen on launching its “Machinery Year Book”, which will contain information about new technology, innovation, industry articles, white papers and case studies across the entire textile value-chain.

Fibre2fashion revealed that the Machinery Year Book would be made available in downloadable formats and hard copy. Here are more details about the Machinery Year Book from Fibre2fashion.