India: Sportswear Market 2025

Sportswear Market Size in India

In 2021, the Indian sportswear market decreased by -11.5% to $X for the first time since 2011, thus ending a nine-year rising trend. Over the period under review, consumption, however, continues to indicate significant growth. Sportswear consumption peaked at $X in 2020, and then fell in the following year.

Sportswear Production in India

In value terms, sportswear production fell to $X in 2021 estimated in export price. In general, production, however, continues to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 73% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then contracted in the following year.

Sportswear Exports

Exports from India

In 2021, sportswear exports from India soared to X units, rising by 106% compared with the previous year. Over the period under review, exports, however, showed a noticeable slump. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, sportswear exports skyrocketed to $X in 2021. Overall, exports, however, recorded a noticeable shrinkage. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X units), Tanzania (X units) and the United States (X units) were the main destinations of sportswear exports from India, with a combined 48% share of total exports. These countries were followed by Kuwait, Saudi Arabia, Germany, the United Arab Emirates, France, the UK, Nepal, Poland and Qatar, which together accounted for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +138.5%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) emerged as the key foreign market for track suits, ski suits and swimwear exports from India, comprising 39% of total exports. The second position in the ranking was taken by Tanzania ($X), with an 8.9% share of total exports. It was followed by the United States, with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value to Italy totaled +14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (+85.2% per year) and the United States (-21.6% per year).

Export Prices by Country

In 2021, the average sportswear export price amounted to $X per unit, with an increase of 15% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Sportswear Imports

Imports into India

In 2021, purchases abroad of track suits, ski suits and swimwear decreased by -32.5% to X units, falling for the second consecutive year after eight years of growth. Over the period under review, imports, however, showed a remarkable increase. The growth pace was the most rapid in 2016 with an increase of 123%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, sportswear imports amounted to $X in 2021. Overall, imports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2016 when imports increased by 69% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of sportswear to India, accounting for a 70% share of total imports. Moreover, sportswear imports from China exceeded the figures recorded by the second-largest supplier, Sri Lanka (X units), ninefold. The third position in this ranking was held by Vietnam (X units), with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (+45.7% per year) and Vietnam (+51.1% per year).

In value terms, China ($X) constituted the largest supplier of track suits, ski suits and swimwear to India, comprising 50% of total imports. The second position in the ranking was held by Vietnam ($X), with a 13% share of total imports. It was followed by Sri Lanka, with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+51.7% per year) and Sri Lanka (+34.9% per year).

Import Prices by Country

The average sportswear import price stood at $X per unit in 2021, increasing by 48% against the previous year. In general, the import price, however, showed a pronounced slump. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Vietnam ($X per unit), while the price for Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :