Fabric News for the 2nd Week of January 2025

1. Chemical fiber prices

2. Recently, according to media reports, Bangladesh's position as the world's second largest clothing exporting country after China may soon be replaced by Vietnam, which is one of the most obvious signs that Bangladesh's economic difficulties have caused substantial losses to it in the past year. Cao Huu Hieu, CEO of Vinatex, announced at a press conference in Hanoi that Vietnam expects to achieve a clothing export revenue of $44 billion by 2024, an 11% increase from the previous year and nearly $4 billion higher than Bangladesh's target of $40.5 billion.

3. Recently, Russian clothing and footwear manufacturer Gloria Jeans plans to shut down some of its production facilities in Russia. Gloria Jeans currently has 18 factories in Russia and the company refuses to comment on this matter. According to reports, the company is considering transferring production to Vietnam, Bangladesh, or Uzbekistan, where cotton cultivation provides a stable supply of raw materials and industrial facilities are also very well-equipped. This means that there is no material supply issue, and the cost caused by exchange rate fluctuations is also relatively low.

4. In 2024, Brazil will surpass the United States to become the world's largest cotton exporting country, and the United States has maintained this position since the 1993-94 cotton season. This milestone was achieved after Brazil's cotton production increased for the third consecutive year. The planting area for the 2023-24 season increased by 16.9%, reaching the highest level since the 1991-92 season, and the yield also set a record of 3.7 million tons.

5. The 2025 Outdoor&Footwear, Clothing, Luggage Marketing Innovation Forum, supported by the Future Marketing Organizing Committee and related associations, will be held in Shanghai on March 27th. Focus on fashion, footwear, bags, accessories, outdoor, lifestyle, camping&equipment, sports, China-Chic and other brands to explore the growth opportunities and future business model in 2025. With the theme of "AI+Technology Empowering Brand Growth", the content of "Digital Transformation Brand Marketing E-commerce Social Media Marketing Outdoor&Lifestyle Consumer Field Linkage New Marketing Scenarios, New Incremental Opportunities, New Population Growth, Domestic and Foreign Market Environment" runs through the industry.