24.05.23 – Trade fairs
Yarn Expo Autumn
China is gradually lifting restrictions for inbound travelers, and its yarn and fiber industry is ready to make a significant comeback in international in-person business.
The upcoming fair, scheduled to take place from August 28 to 30, 2023, at the National Exhibition and Convention Center in Shanghai, aims to facilitate the reconnection of key suppliers with global buyers. Visitors to the fair will have the opportunity to explore the latest trends and technology and tap into a regional market that shows strong potential.
The global yarn market is expected to experience substantial growth, with a projected increase of USD 42.18 b between 2022 and 2026, at a compounded annual growth rate (CAGR) of 5.77%. The Asia-Pacific (APAC) region will remain the dominant player, accounting for a 74% share of the predicted market growth. [1] Textile and yarn businesses in the region are facing increasing demand, which is driven by factors such as population growth, the introduction of new fabrics, and the worldwide adoption of new trends.
Yarn Expo Autumn 2023, as a renowned trade fair for international buyers and suppliers, has been a cornerstone of the industry for the past two decades. The event will bring together a diverse range of exhibitors, showcasing innovative fancy yarn, luxurious cashmere, premium wool, stylish cotton, functional synthetics, and eco-friendly linen.
To enhance its international appeal, the fair will feature various overseas zones, taking advantage of the easing of pandemic-related restrictions since January 2023. The fair's reestablishment as a global platform will offer valuable opportunities for domestic and international industry players to engage in business exchanges and gain insights into end-user markets, suppliers, innovations, and new techniques.
Exhibiting at a prior edition, Ms Shaoping Li, Senior Manager of China Supply Chain, Marketing – Yarn and Home Textiles, Cotton Council International, USA, commented: “Yarn Expo Autumn is important to the yarn and fabric industry, especially when it serves as a communication platform for large and small companies to share market information and promote their new products. Holding a physical event is also crucial for business as buyers need to look at the products in person. We have achieved excellent results this year as there’s been a fourfold increase in visitor enquiries.”
Yarn Expo Autumn will be held concurrently with Intertextile Shanghai Apparel Fabrics – Autumn Edition, CHIC, and PH Value. The four fairs will bring the fibre and yarn, apparel fabrics and accessories, and knitted garments industries together under one roof, with the resultant synergy allowing exhibitors and buyers to maximise their business opportunities.
[1] “Yarn Market by Type and Geography - Forecast and Analysis 2022-2026”, October 2022,Technavio, retrieved January 2023, https://www.technavio.com/report/yarn-market-industry-analysis
[2] “Textile Yarn Market Size And Forecast”, September 2022, Verified Market Research, retrieved January 2023, https://www.verifiedmarketresearch.com/product/textile-yarn-market/