India: Cotton Fabric Market 2024

Cotton Fabric Market Size in India

In 2022, the Indian cotton fabric market decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, showed a relatively flat trend pattern. Cotton fabric consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Cotton Fabric Production in India

In value terms, cotton fabric production reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

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Cotton Fabric Exports

Exports from India

Cotton fabric exports from India surged to X square meters in 2022, with an increase of X% on the previous year's figure. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, cotton fabric exports amounted to $X in 2022. Over the period under review, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Bangladesh (X square meters) was the main destination for cotton fabric exports from India, with a X% share of total exports. Moreover, cotton fabric exports to Bangladesh exceeded the volume sent to the second major destination, Sri Lanka (X square meters), threefold. South Korea (X square meters) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Bangladesh amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (X% per year) and South Korea (X% per year).

In value terms, Bangladesh ($X) remains the key foreign market for woven fabrics of cotton exports from India, comprising X% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a X% share of total exports. It was followed by Senegal, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bangladesh amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (X% per year) and Senegal (X% per year).

Export Prices by Country

The average cotton fabric export price stood at $X per square meter in 2022, which is down by X% against the previous year. In general, the export price saw a abrupt slump. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The export price peaked at $X per square meter 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 external markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($X per square meter), while the average price for exports to South Korea ($X per square meter) was amongst the lowest.

From 2012 to 2022, 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.

Cotton Fabric Imports

Imports into India

In 2022, the amount of woven fabrics of cotton imported into India surged to X square meters, picking up by X% on the previous year. Overall, total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of X square meters. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cotton fabric imports skyrocketed to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest cotton fabric supplier to India, accounting for a X% share of total imports. Moreover, cotton fabric imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X square meters), fivefold. Bangladesh (X square meters) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X) constituted the largest supplier of woven fabrics of cotton to India, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports. It was followed by Bangladesh, with a X% share.

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

Import Prices by Country

In 2022, the average cotton fabric import price amounted to $X per square meter, with an increase of X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible descent. Over the period under review, average import prices attained the peak figure at $X per square meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per square meter), while the price for Bangladesh ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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