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India’s textiles and clothing market, including exports grows in 2018

"As per key findings of the annual ‘Market for Textiles and Clothing (MTC)’: National Household Survey 2017, the overall market size of textiles and clothing including exports increased to $146.63 billion in 2016 and further to $164 billion in 2018. Aggregate demand for textiles & clothing was 41.06 billion meter in 2016 which further reached to 45.32 billion meter in 2018, growing at a Compound Annual Growth Rate (CAGR) of 5.34 per cent from 2011 to 2018. In value terms, he demand touched Rs 6, 204.02 billion in 2018, with CAGR of 9.54 per cent between 2011- 2018."

 

Indias textiles and clothing market including exports grows in 2018 001As per key findings of the annual ‘Market for Textiles and Clothing (MTC)’: National Household Survey 2017, the overall market size of textiles and clothing including exports increased to $146.63 billion in 2016 and further to $164 billion in 2018. Aggregate demand for textiles & clothing was 41.06 billion meter in 2016 which further reached to 45.32 billion meter in 2018, growing at a Compound Annual Growth Rate (CAGR) of 5.34 per cent from 2011 to 2018. In value terms, he demand touched Rs 6, 204.02 billion in 2018, with CAGR of 9.54 per cent between 2011- 2018.

The per capita demand for textiles in 2016 was Rs 4,081.60 as compared to Rs 3836.13 in 2015. It touched Rs 4,762.90 in 2018. On the other hand, per capita demand for textile in quantity terms increased to 31.85 meter in 2016 and further to 34.58 m in 2018.

Demand for cotton fibers sees highest increase

The aggregate demand for cotton fiber based product, was 17.22 billion meter in 2016 and increased to 19.29 billion meter inIndias textiles and clothing market including exports grows in 2018 002 2018. The demand for manmade fiber based product, on the other hand was 23.34 billion meters in 2016 and increased to 25.46 billion meters by 2018. Similarly, the aggregate demand for pure silk and woolen fiber based product was 0.34 billion and 0.16 billion meter respectively in 2016. It is expected to have touched 0.37 and 0.20 billion meter respectively in 2018.

Power loom contributes highest to textile demand

The mill/power loom sector contributed 33.97 billion meters (82.72 per cent) to the overall demand of textiles in 2016 compared to 31.85 billion meters in 2015. Similarly, the knitted sector contributed 4.94 billion meters to the total basket in 2016 as against 4.77 billion meters (12.39 per cent) in 2015.

At the same time, the handloom sector contributed 5.24 per cent to the total demand for textiles in the household sector. Aggregate demand for handloom textiles is 2.15 billion meters in 2016 as compared to 1.91 billion meters in 2015. The aggregate demand for textiles by sector of manufacturing for 2018 for mill made/power loom, knitted/hosiery and handloom sector was 37.24 billion meter, 5.56 billion meter and 2.53 billion meter respectively.

Household sector growth highest

The demand for household sector is the major contributor to overall growth of the sector with 53.39 percentage of share in the total market size. While the export of textile and clothing decreased 4.66 per cent, demand in household and non-household sector grew 2.82 and 1.51 percentage respectively during 2016.

The growth in household demand of textiles has created an additional demand for 2,525 million meter of fabrics, which is an indication of the required capacity expansion in fabrics manufacturing in the country. Similarly, the growing demand for newly emerged products like legging etc, provides an indication of the change in preference pattern of consumers in the country during the period.

 
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