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Navigating growth amidst challenges in global apparel industry

19 Sep '24
6 min read
Navigating growth amidst challenges in global apparel industry
Navigating growth amidst challenges in global apparel industry

Insights

  • Eco-friendly trends, digitalisation and rising direct-to-consumer models are some of the factors driving the global apparel industry growth.
  • Asia-Pacific leads, while Southeast Asia and Africa are emerging as key manufacturing hubs for apparel.
  • However, challenges in the global apparel industry, such as sustainability demands and technological adaptation, remain pressing in ****.

The Asia-Pacific (APAC) region is recognised as the fastest-growing textile market globally, driven by rapid industrialisation in emerging economies like China and India. China continues to dominate the global textile market, leading in both production and exports. In the first quarter of **** alone, the region&#**;s garment exports totalled $**.** billion, with China maintaining its strong position in global apparel exports. Bangladesh, Vietnam, and India are also critical players, leveraging their competitive manufacturing capabilities and cost advantages.

Southeast Asian countries such as Cambodia, Indonesia, and Vietnam have emerged as vital manufacturing hubs, attracting investments from international apparel brands seeking cost-effective production facilities due to their low labour costs and favourable government policies.

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