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supply chain. Iqbal Khurram also agreed with Asif hoped that the crop is healthy because the prices strengthening growth. The global home textile market is expect-
ed to face considerable challenges from the high cost of logis-
Inam and said that polyester is not sustainable. depend on the cotton yield, and higher prices are not tics. The growing real estate market and consumer spending on
However, if there were no cotton to buy due to favorable for anyone, including Pakistan. Home Textiles. The Potential home renovation are also expected to drive market growth.
logistic issues, production issues, or others, the
polyester market would rise, which could cause Answering the sustainability of the cotton, Shayyan The market for home textile in the Asia Pacific is likely to show
significant danger for the cotton sector and the Abdullah said that even before the COVID-19 remarkable growth during the forecast period owing to the
environment. pandemic, the buyers and retailers were asking for The market is expected to grow at a CAGR of increasing export of textile products across the globe. In
sustainable cotton. However, with the pandemic, the addition, rapid urbanization, improved standard of living, and
Regarding cotton, Asif Inam said that organic cotton demand has further been strengthened. Many 5% from 2020 to 2025 increasing spending power are some of the key factors anticipat-
is the best program due to its sustainable impact brands have set some targets to become 100% ed to support the revenue growth of the target market in the
with no fertilizers and healthy soil. Unfortunately, India sustainable. For example, Inditex is saying that by The US and Europe are the biggest consumers constituting region. Furthermore, increasing inclination towards modernizing
has produced some fake organic cotton, ringing an 2023, they will be using 100% sustainable cotton. the interior of the households is resulting in huge demand for
alarm among the international buyers who were BESTSELLER has stated that by 2025, their 60% of the home textiles home textile products such as bedsheets, pillows & covers,
earlier paying the extra money for this. In Pakistan, products will have 30% organic cotton along with curtains, and others. Pakistan's home textile industry is
the Balochistan region has excellent potential for 100% sustainable cotton. Therefore, the demand for export-oriented, and the growth in the industry is achieved due to
organic cotton production. sustainable cotton is rising. Apart from organic and its downstream industries. It is one of the key suppliers to
sustainable cotton, the brands are looking for Europe, the United States, and China.
Steven Dyer further said that the best price for cotton traceability to ensure that they get the right things.
is under $1. Currently, there is a bit of uncertainty Therefore, the young generation will only buy The home textile industry in the market is likely to see growth in
regarding the price and comfort range, and however, sustainable items amid raising awareness. However, Pakistan's residential and hospitality industry. The raw materials
it seems that the window will be a bit higher than the the biggest challenge is that these brands asking for requirement is facing a downward trend due to the growth in
previous one. Another concern is that the brands traceable and sustainable cotton are unwilling to consumption in the domestic market. Pakistan's political instabili-
and retailers do not want to increase the prices, pay better, making life more challenging for the ty may affect the home textiles market. However, the government
putting more pressure on the yarn sector. The spinning section. When the spinners talk about such has taken one of the measures, Balancing, Modernization, and
industries have to adjust quickly with the prices to things with the farmers, the farmers ask for a Replacement (BMR), and provides loans to the business under
avoid loss. Iqbal Khurram discussed that earlier, premium in return. Thus, paying the premium to subsidized rates. Pakistan's home textile industry also faces
Pakistan was importing cotton from various farmers adds the cost for spinners, while retailers competition from China and India. The rising price of raw materi-
destinations. With the shipment and logistic issues, are not willing to pay. als such as yarns and increasing interest rates and inflation rates
the pressure is building. might challenge the industry. The floor covering market is rapidly
Steven Dyer agreed with Shayyan Abdullah regarding growing in Pakistan due to the rise in infrastructure develop-
Responding to his comments, John Cash said that it the sustainability of cotton, and he said that the ments, customers' changing lifestyles, and changes in increas-
is true that logistic issues are one of the major demand for sustainable cotton is growing globally. ing demand for insulations by the consumers. The demand for
concerns. It might take more than one year to settle Soon, there will be no choice except to grow the floor will also be risen by developing construction industries
with the COVID-19 until the scenario for sustainable cotton, and the spinners will have to do and China Pakistan Economic Corridor Development. Laminate quarter,
transportation comes to normal. Currently, the this for survival as brands and stakeholders ask for flooring is one of the healthiest and eco-friendly options in the its way
Therefore, the viewers and stakeholders warmly in and replace cotton. Among these opportunists, Steven Dyer discussed that the world witnessed a near 90 cents, everybody was happy. Any price workforce, drivers, shipping lines, loading and traceability, which is better for the planet. Around the country with low formaldehyde emission levels. On the other
welcomed the cotton panel discussion. man-made fibers are the most feared ones regarding decade of high cotton prices. However, he said that above $1 is not acceptable for a favorable business. unloading the containers, and other operations are globe, the farmers are joining sustainability hand, the carpet industry is one of the largest cottage industries Heimtext
their environmental impact. Earlier in 2011-12, the scenario is not different from other commodities. Numerous factors influence the price fluctuations, working under capacity. Therefore, it seems that it campaigns like BCI and others that promise better in the country. June 202
The panel included national and international nobody benefited from the situation when the prices The crude oil, energy, agricultural items, and other and it seems complicated that the prices will come might take up to the end of 2022 for the logistic and ethical cotton growing. Home Textiles are gaining importance across the focusing
experts talking about cotton. Iqbal Khurram chaired were high. Therefore, the prices could be moderate, soft commodities are also getting expensive. Due to down soon. issues to end. globe. According to a report, the global home textile According to the latest report by the Pakistan Bureau of Statis- together
the session, joined by other experts: Carlos Garcia, providing a platform for a win-win situation for the the COVID-19 pandemic, the gap between demand The panel concluded that sustainable cotton is the market is one of the most profitable business tics (PBS), Pakistan's total exports were around $2,618 Million in stores,
John Cash King III, Steven Dyer, Shayyan Abdullah, textile sector and other stakeholders. Iqbal Khurram and supply triggered the cotton prices. The industry Asif Inam also agreed that the industry was not Responding to the reducing cotton crop yield in the only way to move forward for the textile sector. The segments in the global textile industry. It is expected January 2022. Compared to last January 2021, exports Europe a
and Asif Inam. agreed with the ideas of Carlos and said that when has been used to buying cotton for around 70 cents; happy with the increased cotton prices. For the textile USA, Carlos Garcia discussed that the crop yield awareness campaigns must be done more to grow at a CAGR of 5% during the forecast period. increased by 22.05%. Overall, Pakistan's textile exports have presenta
the market was in mid 90 cent range, the spinning however, the prices are expected to be higher in the spinners, not buying cotton was out of proposition. reduced to 18.5 million bales which took everyone aggressively to promote sustainable cotton in The industry is witnessing a steady growth driven by touched a historic high of $11bn during 7MFY22, up by 25% guidance
Talking about the cotton market and future, Carlos industries enjoyed the perks, and now, increased near future due to the current inflammatory phase. As However, buying at such an elevated price was also with a great surprise. Excessive rain in the southeast Pakistan. The country can produce organic cotton, factors like rising consumer spending on home YoY (PBS). In the value-added segment, knitwear, bed-wear, and high
Garcia discussed the influence of cotton prices on cotton prices have reduced the profit margins across far as cotton demand is in the market, even the a risk. The retailers have already increased the price delayed crop and other issues behind the reduced and a few organizations are already working in renovation and fashion sensitivity toward household readymade garments, and towels registered an upsurge of more sus
the profitability of the textile industry's value chain. He the textile supply chain. higher prices are digestible. by 20-25% on different cotton products. The gap is production make it tough to reach higher outputs. Pakistan with various stakeholders. Pakistan's textile furnishing. The United States and Europe are the 33%, 19%, 22%, and 15.4% to $2.9bn, $1.9bn, $2.2bn, and designer
biggest consumers constituting 60% of the home
TEXtalks International organized the 4th Inspiring China and India), with thousands of ginning and said that when the cotton prices are below one dollar Shayyan Abdullah discussed the effect of higher being filled with using polyester, predominantly The overdried soil (due to fewer rains) caused sector has enormous potential, and the spinning textiles imports, with countries like India, China, and $615.3mn, respectively during July-January FY22 compar
recycled polyester. Though recycling polyester is a
Change Conference (ICC) 2021 on October 14, 2021, spinning units producing textile products from cotton. without the fear of significant fluctuations or volatility, John Cash indicated that everyone is worried about cotton prices on the spinning business. Cotton is the good thing, it can not be used as a green alternative delayed sowing in other areas. On the other hand, in sector should coordinate with farmers to accelerate Pakistan being the key sup
at Pearl Continent Hotel Lahore. Among various Cotton is the most important cash crop in Pakistan, the profitability of the textile industry, farmers, traders, the cotton prices. He said there has now been a spinning section's raw material. Higher prices could to cotton as it is still polyester associated with areas with excessive rain, the plants grew and made the sustainable drive, which could favor the country the market by governments and favorabl
panel discussions, the first panel discussion was and cotton products export accounts for 55% of all and brands remains feasible, which makes them gap between cotton and yarn prices, causing never be favorable for this sector as the spinning various drawbacks. Therefore, the cotton industry leaves more than cotton balls. However, cotton in various aspects. The audience applauded the policies are expected to be one of the primary (bed-wear and towels
themed on cotton. Pakistan is the fifth-largest foreign exchange earnings of the country. Nearly 26% prosper well. However, when the prices increase trouble. There have been energy cutoffs in China, sector cannot stock the appropriate quantity due to should reach out to different government production is dependent on mother nature which panel's efforts and hoped that the session could be a reasons for the market disruption. Such support has India is
producer of cotton in the world. It also has the of Pakistani farmers grow cotton, and over 15% of the suddenly, the unsure situations rise, causing a India, and the UK, causing more concern with value fluctuations and limited funds. He also agreed organizations and stakeholders to discourage the could not be according to our desires. Still, the way forward to reach sustainable cotton production met with growth in market investments, further India,
third-largest cotton spinning capacity in Asia (after total cultivated area is devoted to this crop. disturbance in demand and supply. Furthermore, the cotton prices. Furthermore, the logistic situation is production of 18.5 million bales is good, and it is in the country. Welspun Group, hit several milestones during its fiscal third
high prices also open doors for other fibers to come worsening the case. with the point of Carlos that when the market was increasing polyester consumption in the textile
January/February 2022 January/February 2022