India Textile and Apparel Export Market Overview

The Indian textile and apparel export market is estimated to reach USD 392.4 billion in 2030, with growth over a significant CAGR of 15% during the forecast period 2022-2030, and it was valued at USD 173.3 billion in 2022. Textile refers to woven fabrics, yarns, and fibers made from jute, polyester, cotton, wool, etc. Indian textiles and apparel have a history of fine craftsmanship and global demand. India has a long history of textile and clothing and was one of the first places where cotton was cultivated and used as early as 3000 BC. Cotton, silk, and denim from India are highly popular abroad. With the surge in Indian design talent, Indian apparel has found success in the world’s fashion centers. India is the world’s second-largest exporter of textiles and apparel, with a vast raw material and manufacturing base.

India Textile and Apparel Export Market Insights

The market’s growth can be attributed to the abundant raw materials used for manufacturing apparel, such as cotton, silk, wool, etc. Additionally, growing disposable income and rapid urbanization have increased supermarkets and retail stores, propelling the Indian textile export market. The international economic environment is uncertain; international competition is fiercer, low-cost countries are rising rapidly, global raw materials price fluctuations are large, and trade protectionism is rising. These factors are expected to fuel the textile industry in India in the analysis periods. Furthermore, the surge in demand for personal protective equipment (PPE) in the manufacturing industry due to stringent regulations for worker safety will trigger the growth of the Indian textile market in the projected period. India has many cheap laborers, which can support the development of textile and garment labor-intensive industries. India has made tremendous progress in producing polyester, man-made fibers, and raw materials, and the supply of raw materials has been solved. Moreover, the growing penetration of the internet and online retailing has witnessed strong growth in the country, along with the surge in ease of shopping, multiple options, better offers, and easy return policies projected to boom the apparel industry in India. Many manufacturers have achieved high levels of production plants by introducing advanced equipment, building quality, and quantity. Also, factors such as low labor costs and labor law reforms have promoted the development of the apparel industries in India. Also, developing new upholstery products derived from coated fabrics and spider silk will likely influence Indian textile export statistics. Strengthening technological upgrading is the core of developing the Indian textile and apparel industry. Growth Driver

Higher economic growth and rise in per capita income

India’s middle class is forecast to expand by 1.4% over 2018 and 2022. As a result, India is set to evolve from an increasingly important sourcing hub into one of the most attractive consumer markets outside the Western world. The rising disposable income of the middle and lower-middle-class sections of society has led to the continuous growth of demand for textiles and apparel in India. Augmented penetration of organized retail, favorable demographics, and rising income levels will likely drive demand for textiles and the apparel industry..

India is the second-largest manufacturer of textiles and clothing across the globe

The Indian textile industry has unique advantages. First, India’s conditions are conducive to developing the textile and apparel industry. India is the world’s third-largest cotton producer, providing strong raw material support for the textile and apparel industry. Secondly, its garment and carpet industries have a history of hundreds of years. Third, India has many cheap laborers, which can support the development of textile and garment labor-intensive industries. The advanced, capital-intensive new textile and apparel industry is rapidly expanding. The massive investment of enterprises and the ongoing modernization process have helped the Indian textile industry to enhance its competitiveness in the international market. Abundant raw material resources, long-term accumulated technical strength, competitive, skilled workers, and professional marketing teams have pushed the Indian textile industry into a new development direction.

COVID19 Impact Insights

The recent unprecedented COVID-19 epidemic swept the world; responsible business is more important than ever for the world that has to survive and recover from this crisis. In particular, the responsible purchasing behavior of brand companies, retailers, and traders in the Indian textile and apparel supply chain will greatly impact the basic rights of millions of workers and their family livelihoods at the other end of the supply chain influences. Looking at different channels, the epidemic’s impact has limited physical channels. Brands are focusing on e-commerce and trying to sell new products online. During the pandemic, the performance of e-commerce in the Indian market was significantly better than that of physical sales.

Raw Material Segmental Analysis

Based on the raw material, the Indian textile and apparel export market is classified into cotton, chemical, wool, silk, and others. The cotton segment dominated the Indian textile and apparel export market with the highest market share in 2019. The segment’s growth can be attributed to the properties of cotton, including high absorbency, strength, and color retention. India is the major cotton producer in the world. The wool segment will witness steady growth in the coming years due to its use in the manufacturing of winter wear.

Product Type Segmental Analysis

Based on the product type, the Indian textile and apparel export market is segregated into yarn, fabric, fiber, and others. The yarn segment accounted for the major market share in 2019. It is due to use in the synthetic textile category and exhibits properties such as high resilience, elasticity, luster, and low moisture absorbency. The fiber will grow at a significant rate in the forecast period. This is due to the growing demand from the apparel and fashion industry. Fibers like cotton, linen, flax, silk, and polyester are natural. Application Segmental Analysis Based on the application, the Indian textile and apparel export market is segmented into fashion & clothing, technical, household, and others. The fashion & clothing segment accounted for the largest market share in 2021, attributable to increased consumer spending on apparel and clothing and the demand for Indian textile and apparel from the fashion industry in the European and North American regions. The technical segment will grow substantially during the forecast period due to the growing demand for technical textiles from various industries, including construction, transportation, medical, and protective equipment.

Region Segmental Analysis

Based on geography, the Indian textile and apparel export market is segmented into North India, South India, West India, and East India. North India will occupy the lion’s share in the textile and apparel export market by 2030. This is due to the availability of skilled labour, the presence of enterprises affiliated with the textile industry, and the availability of the vast raw materials in the region. West India occupied a prominent share of the textile and apparel export market due to the largest producer of cotton in India and the presence of large textiles in this region. Competitor Analysis Companies such as Welspun Group, Vardhman Group, Alok Industries Limited, Raymond Limited, Bombay Dyeing, Garden Silk Mills Limited, Lalbhai Industries Ltd, Grasim Industries Limited, JCT Ltd, Lakshmi Mills Company, Karnataka Silk Industries Corporation Limited, Sutlej Textiles & Industries Ltd, and Arvind Limited are the key players in the india textile and apparel export market.

Key Stakeholders

• Market research and consulting firms
• Industry associations
• India Textile And Apparel Export manufacturing firm and exporter
• Research organizations and consulting companies
• Organizations, associations, and alliances related to Textile And Apparel Export
• Regulatory bodies
• Retailers
• Suppliers

The objective of the Research

• Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
• Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
• Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
• Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
• The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.

Market Modelling

By Raw Material

• Cotton
• Chemical
• Wool
• Silk
• Others

By Product Type

• Yarn
• Fabric
• Fiber
• Others

By Application

• Fashion & Clothing
• Technical
• Household
• Others

By Region

• North India
• South India
• West India
• East India

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India Textile and Apparel Export Market