Uncategorized

Turkish textile industry challenges: Interest rates & export decline

The rising interest rates in Turkiye, which spiked from 15 per cent in 2023 to 50 per cent by November 2024, have been adversely affecting the country’s textile industry, a key player in its export economy.
The sector now faces reduced demand from major markets. Turkiye’s apparel exports decline, and economic challenges spurred the necessity for strategic adjustments and sustainable practices.Read More

20.12.2024Comments Off,
Vietnam’s textile & garment exports rise 10.6% to $33.6 bn in Jan-Nov

Vietnam’s textile and garment exports (excluding yarn) rose 10.6 per cent YoY to $33.65 billion from January to November 2024, despite a 5 per cent MoM dip in November.
Yarn exports grew 0.7 per cent YoY to $4.022 billion.
The US, Japan, and South Korea were key textile markets, while China led in yarn imports.
Cotton imports rose 2.3 per cent to $2.65 billion.Read More

20.12.2024Comments Off,