Textiles and Apparel

Textiles and Apparel

MARKET & OPPORTUNITIES

Textiles and Apparel

MARKET & OPPORTUNITIES

CONTENTS

Introduction Indian Textile Industry Conclusion and Key Take-aways 2 3 14

A report by KPMG for IBEF

2

MARKET & OPPORTUNITIES

Introduction

The global textile and apparel industry is worth over US$ 4,395 billion, with clothing accounting for 60 per cent of the market and apparel, the balance 40 per cent. Global trade in this industry is now at US$ 350 billion and is expected to be in the range of US$ 600 billion by 2010 and US$ 800 billion by 2014. The bulk of the increase is expected to be from clothing, which is projected to grow to nearly US$ 400 billion by 2010. USA and European Union (EU) together are the major consumers of textiles. They accounted for nearly 64 per cent of clothing and 39 per cent of textile consumption in 2004. Among other countries, Japan, Australia and New Zealand are significant consumers of Indian textiles.

POSITION Of INdIA IN ThE glObAl ARENA

With China leading the global textile trade, India ranks second with 8 per cent of the total. India contributes to nearly 4 per cent of total textile exports and 3 per cent of total apparel exports in the world. India has the highest number of looms- 1.8 million shuttle looms (at 45 per cent of global capacity) and 200,000 shuttle-less looms (at 3 per cent of global capacity) and 3.9 million hand looms (at 85 per cent of global capacity). India has the second highest number of spindles in the world with 40 million spindles (at 23 per cent of global capacity). India ranks first in jute production (at 1,900 million kilograms), second in silk production (at 15 million kilograms of raw silk), second in cotton exports (at 2,000 million kilograms), second in cotton production (at 2,700 million kilograms of cotton fibre), fifth in man-made fibres (at 2,000 million kilograms) and ranks eighth in the total production of wool (at 51 million kilograms) in the world.

TEX TI l ES AN...