MARKET & ECONOMY​

The Cotton Association of India (CAI), which has released its December estimate of the cotton crop for the 2016-17 season beginning from October 1, 2016, has placed the cotton crop at 341.00 lakh bales of 170 kg each.

Panama is a growing market for textiles and clothing products. Exports of Indian MMF textiles to Panama have been steadily growing during 2015-16. Panama is also a potential market for other textile products like apparel, cotton and silk etc. Panama imported around $2.38 billion of various textile products during 2015.

HeiQ displayed its range of products from home textiles at the Heimtextil 2017 expo, an international trade fair for contract and home textiles, which was held from January 10 to 13, 2017, in Messe Frankfurt, Germany.

Hyosung, a manufacturer of specialty fibres from South Korea, participated in the Outdoor Retailer Winter Market 2017 held in the US from January 10 to 12 in a joint booth, with several South Korean small and mid sized companies.

The global medical textiles market is expected to reach USD 20.23 billion by 2022, according to a new report by Grand View Research, Inc. The rise in the number of elderly population, ongoing technological advancements and increase in health consciousness are fueling the growth of global medical textiles market.

Consumers buying home goods and apparels in the USA may be looking more closely at product origins, and could demand more transparency. Thirty percent of Americans said that they would completely stop purchasing a brand if they made a false product claim about a bedding/clothing product being 100 per cent organic, 100 per cent Pima cotton, or other claim of this type, etc.