Page 11 - TEXtalks International October/November 2022

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China losing share in US T
China losing share in US Textile &
extile &

Apparel market: US official data
Apparel market: US official data

According to the official US data, China is losing its textile and apparel share by 22.9% in September 2022
According to the official US data, China is losing its textile and apparel share by 22.9% in September 2022
compared with the corresponding period.
compared with the corresponding period.
IGATEX PAKISTAN
The Chinese share was grabbed by its non-traditional rivals. Pakistan, India, Bangladesh and Vietnam did take
The Chinese share was grabbed by its non-traditional rivals. P akistan, India, Bangladesh and Vietnam did take
that share as much as countries like Malaysia and T
that share as much as countries like Malaysia and Turkey. . IG A TEX P AKIST AN
urkey
Imports of textiles and apparel (T&A) from China were valued at $2.98 billion in September 2022, depicting a
Imports of textiles and apparel (T&A) from China were valued at $2.98 billion in September 2022, depicting a
Upcoming exhibition with the increasing
decline of 22.9% over September 2021; imports from India were up 24.4% to $796 million, and imports from
decline of 22.9% over September 2021; imports from India were up 24.4% to $796 million, and imports from Upcoming exhibition with the increasing
Egypt valued at $670.4 million depicting an increase of 66.6%. The US imported textile and apparel worth
Egypt valued at $670.4 million depicting an increase of 66.6%. The US imported textile and apparel worth
grip across the textile sector
$618.6 million from Vietnam, showing an increase of 15.1%, and T urkey posted a massive increase of 83.3% as grip across the textile sector
$618.6 million from Vietnam, showing an increase of 15.1%, and Turkey posted a massive increase of 83.3% as
T&A worth $434.4 million entered the US market. Mexican T&A worth $397.3 million entered the US, recording
T&A worth $434.4 million entered the US market. Mexican T&A worth $397.3 million entered the US, recording
an increase of 40.5%.
an increase of 40.5%.
F AKT Exhibitions (Pvt.) Ltd. brings back the most awaited event IGA TEX P AKIST AN - 13th International
FAKT Exhibitions (Pvt.) Ltd. brings back the most awaited event IGATEX PAKISTAN - 13th International
Garment & T
extile Machinery Exhibition and Conference to Lahore. The pioneering event of its kind will mark
The US importers booked T&A from Malaysia worth $348 million, showing a huge increase of 1170% over the Garment & Textile Machinery Exhibition and Conference to Lahore. The pioneering event of its kind will mark
The US importers booked T&A from Malaysia worth $348 million, showing a huge increase of 1170% over the
its presence at Expo Centre, Lahore from 1st to 4th December 2022.
imports recorded from this country in the corresponding month of 2021. The imports of T&A from Bangladesh its presence at Expo Centre, Lahore from 1st to 4th December 2022.
imports recorded from this country in the corresponding month of 2021. The imports of T&A from Bangladesh
increased by 17.5% to 302.5 million. P akistan could manage to increase its exports in September by 8.6
increased by 17.5% to 302.5 million. Pakistan could manage to increase its exports in September by 8.6
The tradeshow is a professionally enriching experience for the textile machinery manufacturers and will
percent to $270 million when compared with the same month last September
percent to $270 million when compared with the same month last September. . The tradeshow is a professionally enriching experience for the textile machinery manufacturers and will
introduce high-level garment and textile technology , machinery , and equipment which will provide business
introduce high-level garment and textile technology, machinery, and equipment which will provide business
opportunities and add value to our exports hence, will increase the product worth that will positively affect the
opportunities and add value to our exports hence, will increase the product worth that will positively affect the
economic well-being of P akistan. The event is known to not only introduce the newest expertise, but also
economic well-being of Pakistan. The event is known to not only introduce the newest expertise, but also
improvise trade benefits, and increase foreign investments and spending through business visits by
improvise trade benefits, and increase foreign investments and spending through business visits by
international delegates.
international delegates.
AKIST
AN has become an increasingly significant garment and textile event with its
TEX P
In two decades IGATEX PAKISTAN has become an increasingly significant garment and textile event with its
In two decades IGA
Pakistan Customs and APTMA innovations, and products for textile applications which will further strengthen the industry with state-of -the-art
Pakistan Customs and APTMA
ey players will showcase their latest denim, digital and screen-printing
. K
scale setting new records every year. Key players will showcase their latest denim, digital and screen-printing
scale setting new records every year
innovations, and products for textile applications which will further strengthen the industry with state-of-the-art
technology and practices.
technology and practices.
collaborate on trade digitization IGATEX PAKISTAN being the biggest garment and textile machinery tradeshow in Pakistan gathers more than
collaborate on trade digitization
akistan gathers more than
AKIST
AN being the biggest garment and textile machinery tradeshow in P
IGA
TEX P
rance, Germany
, Japan,
, Italy
500 exhibiting companies from 30 countries including Austria, Belgium, China, France, Germany, Italy, Japan,
500 exhibiting companies from 30 countries including Austria, Belgium, China, F
Korea, Spain, Switzerland, Taiwan, Turkey, UK, USA, etc. with a number of innovative and versatile machinery
orea, Spain, Switzerland, T
, USA
, etc. with a number of innovative and versatile machinery
urkey
aiwan, T
, UK
K
akistan for the textile and garments industry and
models to be debuted at the event. It is the only event in Pakistan for the textile and garments industry and
models to be debuted at the event. It is the only event in P
P akistan Customs and the All P akistan T extile Mills Association (APTMA), a premier body of the textile industry , has been setting records every year . Last year it attracted more than 550 exhibitors from 35 countries. Over
Pakistan Customs and the All Pakistan Textile Mills Association (APTMA), a premier body of the textile industry,
has been setting records every year. Last year it attracted more than 550 exhibitors from 35 countries. Over
are collaborating with each other on trade digitization.
are collaborating with each other on trade digitization.
TEX P
AN every year
25,000 visitors visit IGA
25,000 visitors visit IGATEX PAKISTAN every year. .
AKIST
The World Bank and other allied agencies are also providing assistance to Pakistan Customs on how to
The W orld Bank and other allied agencies are also providing assistance to P akistan Customs on how to T echnology upgradation in textiles is long due. Many textile sectors are operating on obsolete technology .
Technology upgradation in textiles is long due. Many textile sectors are operating on obsolete technology.
mitigate unnecessary damages at ports.
mitigate unnecessary damages at ports.
They are losing out to efficient exporters operating in other countries. This exhibition will help them close the
They are losing out to efficient exporters operating in other countries. This exhibition will help them close the
technology gap. Pakistan in the last four and half years has imported textile machinery worth $2.5 billion. We
technology gap. P akistan in the last four and half years has imported textile machinery worth $2.5 billion. W e
Federal Board of Revenue (FBR) has rewritten trade-related schemes into a single structure, called Export
F
ederal Board of Revenue (FBR) has rewritten trade-related schemes into a single structure, called Export
need to add new textile technologies worth at least $10 billion to expand our global reach and attain the
need to add new textile technologies worth at least $10 billion to expand our global reach and attain the
Facilitation Scheme (EFS) besides embarking on the journey of digitizing the port activities under the Pakistan
F acilitation Scheme (EFS) besides embarking on the journey of digitizing the port activities under the P akistan targeted $50 billion in textile exports. IGA TEX P AKIST AN will include standalone demonstrations of various
targeted $50 billion in textile exports. IGATEX PAKISTAN will include standalone demonstrations of various
Single Window Programme in line with the World Trade Organization (WTO) and the World Customs
Single W indow Programme in line with the W orld T rade Organization (WTO) and the W orld Customs cutting-edge industry tools & technology and offer emerging innovative technologies from all over the world.
cutting-edge industry tools & technology and offer emerging innovative technologies from all over the world.
Organization (WCO) standards.
Organization (WCO) standards.
The event has played a pivotal role in the development of the garment and textile industry by introducing
The event has played a pivotal role in the development of the garment and textile industry by introducing
efficient machinery to local manufacturers and is bound to bore success and growth for the industry.
efficient machinery to local manufacturers and is bound to bore success and growth for the industry .
Meanwhile, APTMA has started organizing workshops for the managements of textile mills in the country. It has
Meanwhile, APTMA has started organizing workshops for the managements of textile mills in the country . It has
proved a win-win situation for both sides, as Pakistan Customs not only disseminates necessary information to
proved a win-win situation for both sides, as P akistan Customs not only disseminates necessary information to
the industry but also gets valuable feedback on how to improve is initiatives out of the field experience of the
the industry but also gets valuable feedback on how to improve is initiatives out of the field experience of the
APTMA member mills.
APTMA member mills.
October/November 2022
October/November 2022 October/November 2022
October/November 2022