Which textile products are going to be the most expensive in the next five years?
The global textile industry is expected to increase by $1.3 trillion to $2.9 trillion by 2032, with the most notable increase expected in China, according to an International Textile Organization (ITO) report.
The ITO report said that the increase will result in a total of $1,857 billion in global textile production by 2033, an increase of $854 billion over the previous five years.
The report said textile production is expected as a result of a growing demand for new textiles and a rising demand for products such as textile machinery.
However, the ITO said that most of the new textile production will be in China and that most new textile products will be made from recycled materials.
The ITO also said that in the coming years, there will be more demand for recycled materials due to environmental concerns, but this could also result in higher prices for the textile manufacturers.
For the first time in five years, the price of raw materials for textile production in China is expected increase, to an estimated $2,000 per kilogram (kg) compared to $1 per kg a year ago.
The increase in the price will result from a rise in demand for textile materials in China that is offset by a decrease in the global supply of recycled materials, according the ITTO.
While the ITo report did not provide any specific figures, the report indicated that textile production would increase at a rate of 10% per year.