Page 19 - TEXtalks. October- November 2023

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China’s textile industry’s

value-added output increased 1.4%

In August, the textile industry’s value-added output rose 1.4 percent over the same month of 2022, while it
declined 1.6 percent year on year between January to August 2023. “When considering manufacturing of
various textile value chain products, the production of 356 out of 620 products increased year-on-year in
August 2023,” data from the National Bureau of Statistics (NBS) said.

Among the output of main products, production of fabric declined 2.2 percent from a year ago month to 2.6
billion meters in August and also decreased 4.6 percent to 20.2 billion meters in the first eight months of
2023. However, production of chemical fibers surged 17.3 percent to 6.35 million tons in August this year
and also grew, but slower at 6.9 percent to 46.2 million tons in the January to August period.

The overall Chinese value-added industrial output in August 2023 went up 4.5 percent over the same month
of the earlier year, while from January to August; it increased 3.9 percent year on year.

Bangladesh strives to comply

with EU strategy for sustainable

and circular textiles

All textile exporting countries realize that practicing sustainable and circular production is no more a choice
but rather an imperative to enter developed markets, particularly the European Union. Every textile economy
has made efforts to adopt sustainable practices but it needs a lot of commitment and investment to meet
the sustainability goals set by the European Commission for letting textile products enter the EU markets.

In this regard, the Bangladesh apparel industry has made commendable strides in safety and sustainability.
However, adhering to the new EU Strategies means much more to install and implement in Bangladesh’s
apparel industry, as far as sustainability is concerned.

The European Commission has recently created a sustainable directive for the textile industry by launching
the EU Strategy for Sustainable and Circular Textiles. The proposed strategy will impact both consumers and
companies within and outside the EU and aims to increase transparency, sustainability, and circularity
throughout the textile chain. The Commission’s strategy is formulated based on data that speaks to the
environmental degradation caused by the textile industry. Currently, less than 1% of the world’s textile waste
is recycled into new fibers for clothing.

October/November 2023