India: Non-Knitted Men Apparel Market 2024

Non-Knitted Men Apparel Market Size in India

The Indian non-knitted men apparel market stood at $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Non-knitted men apparel consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Non-Knitted Men Apparel Production in India

In value terms, non-knitted men apparel production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 32%. Non-knitted men apparel production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Non-Knitted Men Apparel Exports

Exports from India

In 2022, exports of men's or boys' clothing (not knitted or crocheted) from India fell to X units, waning by -7.2% compared with 2021 figures. The total export volume increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 37%. Over the period under review, the exports reached the maximum at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-knitted men apparel exports amounted to $X in 2022. The total export value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 29% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; afterwards, it flattened through to 2022.

Exports by Country

The United States (X units) was the main destination for non-knitted men apparel exports from India, with a 29% share of total exports. Moreover, non-knitted men apparel exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X units), twofold. The third position in this ranking was taken by France (X units), with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+8.7% per year) and France (+7.0% per year).

In value terms, the United States ($X) remains the key foreign market for men's or boys' clothing (not knitted or crocheted) exports from India, comprising 37% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 11% share of total exports. It was followed by France, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+5.7% per year) and France (+7.5% per year).

Export Prices by Country

The average non-knitted men apparel export price stood at $X per unit in 2022, with an increase of 9.6% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Togo ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Knitted Men Apparel Imports

Imports into India

In 2022, approx. X units of men's or boys' clothing (not knitted or crocheted) were imported into India; which is down by -11.6% against the previous year. Over the period under review, imports, however, posted a significant increase. The growth pace was the most rapid in 2014 when imports increased by 102%. Over the period under review, imports hit record highs at X units in 2021, and then shrank in the following year.

In value terms, non-knitted men apparel imports skyrocketed to $X in 2022. In general, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 67%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Bangladesh (X units) constituted the largest supplier of non-knitted men apparel to India, accounting for a 87% share of total imports. Moreover, non-knitted men apparel imports from Bangladesh exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold. The third position in this ranking was held by Vietnam (X units), with a 2.4% share.

From 2012 to 2022, the average annual growth rate of volume from Bangladesh amounted to +35.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.9% per year) and Vietnam (+41.7% per year).

In value terms, Bangladesh ($X) constituted the largest supplier of men's or boys' clothing (not knitted or crocheted) to India, comprising 63% of total imports. The second position in the ranking was held by China ($X), with an 8.9% share of total imports. It was followed by Vietnam, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Bangladesh amounted to +27.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.8% per year) and Vietnam (+33.4% per year).

Import Prices by Country

In 2022, the average non-knitted men apparel import price amounted to $X per unit, growing by 49% against the previous year. In general, the import price, however, showed a drastic downturn. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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