India: Technical Textiles Market 2024

Technical Textiles Market Size in India

The Indian technical textiles market dropped notably to $X in 2023, declining by X% against the previous year. Overall, consumption saw a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Technical Textiles Production in India

In value terms, technical textiles production contracted modestly to $X in 2023 estimated in export price. In general, production, however, faced a abrupt setback. The pace of growth appeared the most rapid in 2022 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Technical Textiles Exports

Exports from India

In 2023, overseas shipments of textile products and articles for technical uses increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2023 and are likely to continue growth in years to come.

In value terms, technical textiles exports rose remarkably to $X in 2023. Overall, exports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked in 2023 and are likely to see gradual growth in years to come.

Exports by Country

The United States (X tons) was the main destination for technical textiles exports from India, with a X% share of total exports. Moreover, technical textiles exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), twofold. Bangladesh (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Bangladesh (X% per year).

In value terms, the United States ($X) remains the key foreign market for textile products and articles for technical uses exports from India, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an X% share of total exports. It was followed by Bangladesh, with a X% share.

From 2012 to 2023, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Bangladesh (X% per year).

Export Prices by Country

The average technical textiles export price stood at $X per ton in 2023, waning by X% against the previous year. In general, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Norway ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced a decline.

Technical Textiles Imports

Imports into India

In 2023, overseas purchases of textile products and articles for technical uses increased by X% to X tons, rising for the third year in a row after three years of decline. In general, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports reached the peak figure in 2023 and are likely to continue growth in years to come.

In value terms, technical textiles imports expanded slightly to $X in 2023. Over the period under review, total imports indicated a moderate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in years to come.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of technical textiles to India, accounting for a X% share of total imports. Moreover, technical textiles imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of textile products and articles for technical uses to India, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Germany (X% per year).

Import Prices by Country

In 2023, the average technical textiles import price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform