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    News & Update

    Mixed trend in south India cotton yarn, prices ease in Tiruppur



    Admin
    Sep 14, 2022

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    South India’s cotton yarn market noted mixed trend today. Yarn prices remained strong in Mumbai as mills were quoting higher rates despite weak demand. But carded cotton yarn slipped by ₹2-3 per kg in Tiruppur. Mills were in a hurry to sell yarn as trade will be disrupted in the last ten days of this month in West Bengal due to Durga puja festivities.

    Mumbai market witnessed upside trend in cotton yarn prices. Mills were quoting prices higher by 5-10 per kg as their stocks were depleting due to closure of fresh production. “The market was still facing weak demand. Mills were quoting higher as they are trying to limit price disparity through price rise. Lower stocks also supported the trend despite poor buying.” 60 count carded cotton yarn of warp and weft varieties were traded at 1,830-1,850 and 1,725-1,800 per 5 kg (GST extra) respectively. 60 combed warp was priced at 440-470 per kg. 80 carded (weft) cotton yarn was sold at 1,820-1,870 per 4.5 kg. 44/46 count carded cotton yarn (warp) was priced at 348-355 per kg. 40/41 count carded cotton yarn (warp) was sold at 345-350 per kg.
    However, cotton yarn prices further slipped in Tiruppur market. Traders said that carded cotton yarn was traded with a decline of
    2-3 per kg. A trader from Tiruppur told Fibre2Fashion, “There will be Durga Puja in the last week of this month in West Bengal. This will affect yarn supply during September 20 to 30. Lower buying from the eastern state caused for down fall in carded yarn.” Traders feel that overall demand was also weak. Market sentiments remained weak. Today, 30 count combed cotton yarn was traded at 348-352 per kg (GST extra), 34 count combed at 360-365- per kg and 40 count combed at 365-370 per kg in the Tiruppur market.

    In Gujarat, cotton prices remained steady despite reports of incessant rains in the state. New cotton arrival was around 500 bales of 170 kg in the entire Gujarat. Traders said that buyers are still hopeful of timely cotton arrival despite rains. If rains continue for few more days, crop delay will be unavoidable. Shankar-6 cotton was traded at 85,000-92,000 per candy of 356 kg in spot market of Gujarat. Sellers are offering 75,000 per candy for October delivery but trade was nominal for the next month. November and December delivery cotton was also quoted at 75,000 per candy by sellers, but buyers were not keen for paying prices higher than 70,000 per candy. Buyers are taking interest for cotton futures in MCX as the prices are lower than the rates of MNCs.

    Discalamer: this information has been collected through secondary research and posted by third party therefor textilemarket. In is not responsible for any errors in the same.  

     

     

     

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    News & Update

    Digital textile printing market to touch 6.213 bn sq m in 2024: TexPro



    Admin
    Sep 14, 2022

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    The global digital textile printing (DTP) market is growing at a fast pace of around 20 per cent year-on-year and is expected to touch a level of 6,213.54 million square metres in 2024 compared to the size of 3,580.87 million square metres in 2021. DTP’s features like unlimited printing and flexibility are attracting entrepreneurs as well as end consumers.

    DTP has many advantages compared to the conventional printing method. The best aspect of digital printing technology is that there is no limitation on the usage of colours or repeat size. Multiple colour shades can be printed on the fabric at a time, which is not the case with traditional printing techniques. In addition to saving time and cost, DTP can also potentially produce millions of colours and shades.

    The global DTP market was 2,435 million square metres in 2019, which grew to 2,917.67 million square metres in 2020 and 3,580.87 million square metres in 2021.

    Within DTP, the growth will be highest for textiles and clothing compared to segments like soft signage, home textiles and others. Digital printing in textiles and clothing will grow by 21.16 per cent annually between 2019-2024, taking its market size to 4,358 million square metres. Textiles and clothing segment will have 70 per cent share out of total DTP market of 6,213.54 million square metres in 2024.

    Digital printing will grow 19.80 per cent annually for soft signage to 956.22 million square metres by 2024. Likewise, digital printing for home textiles will increase at 19.44 per cent to 640.01 million square metres. Other applications of digital printing will have a market size of 258.76 million square metres in 2024 with annual growth rate of 17.45 per cent.

    Discalamer: this information has been collected through secondary research and posted by third party therefor textilemarket. In is not responsible for any errors in the same.  

     

     

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    News & Update

    India's H1 2022 yarn export up in value, but down in volume



    Admin
    Sep 08, 2022

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    India’s yarn exports declined in volume but increased in value during the first half of the current year. India exported 9.69 lakh ton yarn worth $3.472 billion during the period under review. Bangladesh remained the top buyer with 32.72 per cent share, while Turkiye stood second with import of 11.40 per cent of all Indian yarn exports during the period. 

    The price rise in cotton improved foreign exchange earnings but discouraged export volume  India exported 9.69 lakh ton yarn during the first half of the current year, which was valued at $3.472 billion. In comparison, during the first half of 2021, India exported 11.25 lakh ton yarn earning $3.144 billion. Therefore, yarn export increased in value terms in January-June 2022 over the corresponding period of the last year but declined in terms of volume. 

    However, the export of H1 2022 decreased in terms of value and volume both when compared with H2 2021 when 13 lakh ton yarn valued at $4.096 billion was exported. The arrival of new cotton crop in India beginning in October led to a jump in yarn export during the second half of the last year. 

    Bangladesh imported Indian yarn of $1.136 billion (32.72 per cent) out of the total shipment from India in January-June 2022. Turkiye was the second largest buyer with import of $395.849 million (11.40 per cent) in the same period. Egypt, Portugal and the US were the other three nations among the top five destinations for Indian yarn exports with a share of 5.47 per cent, 3.44 per cent and 2.71 per cent respectively. Other importers of Indian yarn among the top ten were Vietnam (2.69 per cent), Peru (2.59 per cent), China (2.59 per cent), Italy (2.45 per cent) and South Korea (2.26 per cent). 

    Discalamer: this information has been collected through secondary research and posted by third party therefor textilemarket. In is not responsible for any errors in the same.

     

     

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    News & Update

    Share of polyester in global fibre market to reduce slightly by 2025



    Admin
    Sep 08, 2022

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    Global textiles fibre market is witnessing a sweeping change in share and size. Cotton fibre market is shrinking while polyester fibre market will peak out despite largest share. Vegetation based cellulosic fibre is grabbing a larger market due to its softness and cotton-like feel. The global market is likely to grow to 110.636 million ton (110,636.89 KT) by 2025. 

    Its market share also increased from 52.38 per cent to 57.57 per cent in the same period. But the market share will reduce to 56.36 per cent (62.950 million ton) by 2025. The annual growth of polyester fibre will be 3.1 per cent against total textiles fibre market growth of 3.29 per cent during 2020-2025. 

    The market share of cotton fibre is expected to reduce to 24.54 per cent in 2025 from 28.57 per cent in 2015. Cotton production has been disrupted in recent years due to rough weather conditions in various regions of the world. Cotton fibre market was 24.040 million ton in 2015 which reduced to 22.765 million ton in 2020 but bounced back to 26.023 million ton in 2021. It will increase to 27.040 million ton in 2025 with annual growth of 3.5 per cent during the preceding five years. Higher growth is attributed to fall in 2020 due to production loss. 

    Vegetation based cellulosic (viscose) fibre market is still limited across the world. But cotton-like touch and feel has added to its acceptance in the market. Fashion world is also propelling the demand of viscose fibre. Its market size was 5.185 million ton in 2015 which grew to 6.609 million ton in 2021 and is expected to reach at 8.087 million ton in 2025. The growth rate of viscose fibre will be 5.58 per cent during 2020-2025. The growth will be highest among various types of textile fibres. The market share of viscose was 5.95 per cent out of the total market size of 84.078 million ton in 2015 and 6.66 per cent in 2021. It is expected to grow to 7.27 per cent in 2025.  The market share will be the same at 5.45 per cent but size will grow to 6.051 million ton till 2025. 

    Total market share of these four varieties of fibre (cotton, polyester, viscose and polypropylene) was 91.66 per cent of the total textile fibre market. The share of these fibres grew to 95.94 per cent in 2021 but is expected to come down to 93.62 per cent in 2025.  Other fibres like nylon, acrylic and wool have very negligible market share. 

    Discalamer: this information has been collected through secondary research and posted by third party therefor textilemarket. In is not responsible for any errors in the same.

     

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    News & Update

    Bed linen to grow faster than home textiles market globally till 2025



    Admin
    Sep 02, 2022

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    Bed linen and bedspread category among home textiles segment is expected to see highest growth in market size between 2020 and 2025. Annual global market growth is expected at 4.31 per cent, which will be higher than 3.51 per cent growth of the entire home textiles sector. Bed linen and bed spread constitutes 45.45 per cent of the total home textiles market.

    bed linen market size was $48.682 million in 2016, which grew to $60.940 billion in 2021. It may expand to $63.563 billion in 2022, $66.235 billion in 2023, $69.080 billion in 2024, and $72.088 billion in 2025. Therefore, annual growth rate will be 4.31 per cent between 2020-2025. Higher growth will lead to increase in market share of bed linen in the entire home textiles market.

    Bed linen market share was 45.45 per cent out of total home textiles market in the world in 2021. Bed linen market size was $60.940 billion, while home textile market was $132.990 billion in 2021. Higher annual growth will expand market share of bed linen to 47.68 per cent by 2025. Bed linen market size will be $72.088 billion, out of total $151.825 billion home textiles market in 2025.

    It can grow at annual growth of 3.40 per cent and may reach $30.309 billion till 2025. Floor segment of home textiles was estimated at $17.679 billion in 2021 and will reach $19.070 billion with annual growth of 1.94 per cent by 2025. Upholstery market size will increase from $15.777 billion to $17.992 billion with annual growth of 3.36 per cent. Kitchen linen market will increase from $11.418 billion to $12.365 billion with growth of 2.05 per cent during the same period.

    Discalamer: this information has been collected through secondary research and posted by third party therefor textilemarket. In is not responsible for any errors in the same.     '   

     

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    Fair & Events

    Om Tex Chem Confirms Participation In DyeChem World Exhibition Ludhiana 2023



    Admin
    Sep 01, 2022

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    Om Tex Chem Pvt. Ltd. has confirmed its participation in DyeChem World exhibition Ludhiana edition. This edition will showcase topline textile dyes and chemicals products and solution in Ludhiana, from February 24-26, 2023.

    DyeChem World Ludhiana is jointly organised by Tirupur’s AIC NIFT TEA Incubation Centre for Textiles and Apparels, Society of Dyers & Colourists, and Textile Excellence.

    Om Tex Chem Pvt. Ltd. is a fully integrated manufacturer of Silicone based formulations such as Amino Silicone Emulsions, Silicone Defoamer and Antifoams, Silicone Softner and much more.

    The company has experienced team that can formulate world class formulations that provide maximum customer satisfaction. They have been pursuing consistent research and eco-friendly formulations, leveraging on our modernized production facilities and intensive investment in the R&D activities.

     

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