. India's thriving ready-made garment (RMG) industry continues to make impressive strides, with RMG exports to the Middle East and Africa (MEA) region surging to a remarkable $2.68 billion during the fiscal year 2022-23.
The world of textiles and fibers is in constant motion, adapting to changing consumer preferences, economic conditions, and industry dynamics. As we delve into the dynamics of 2023, we find that the demand for polyester filament yarn (PFY) is experiencing shifts and growth in various directions. Let's explore the key factors shaping the demand for PFY in this year.
The international textile industry, a cornerstone of global manufacturing, is navigating a challenging landscape marked by cautious sentiment, rising costs, and persistently weak demand, according to the 22nd Global Textile Industry Survey (GTIS) conducted by the International Textile Manufacturers Federation (ITMF) in September 2023.