Estimated value of kids apparel market India 2018-2028
India’s apparel market was expected to grow at a rate of about 11 percent and reach a value of 85 billion U.S. dollars by 2021. The kids wear segment accounted for about 20 percent of the total apparel market in India in 2018. The segment was predicted to reach nearly 1.7 trillion Indian rupees by 2028.
Growth in the Indian apparel industry
The rise of urbanization, along with other aspects seemed to have transformed the apparel industry in India. Over the years, the market witnessed steady growth. Furthermore, the textile sector is one of the oldest in the country and employed around ten million people in 2019. With a wide range of choice between hand-spun and hand-woven textiles to sophisticated mill products, different parts of the country take pride in donning their regional and cultural outfits. This had, in recent years expanded to include fusing styles of clothing from the other parts of the world, giving the entire market an eclectic makeover.
Apparel exports from India
In 2018, apparel exports from India amounted to around 16.7 billion dollars. Offline sales dominated the export channel, with fabric being the leading exported product. The value of exports from the country has slightly dipped in the last two years. One reason for this could be competition from counties like China and Vietnam. Additionally, Bangladesh’s duty-free agreement with the European Union further challenges India’s apparel exports. Nevertheless, manufacturers in the country have shifted their focus to diversifying exports to Hong Kong, Japan and South Africa. It remains to be seen if this can make up for the dip in exports since 2018.
Growth in the Indian apparel industry
The rise of urbanization, along with other aspects seemed to have transformed the apparel industry in India. Over the years, the market witnessed steady growth. Furthermore, the textile sector is one of the oldest in the country and employed around ten million people in 2019. With a wide range of choice between hand-spun and hand-woven textiles to sophisticated mill products, different parts of the country take pride in donning their regional and cultural outfits. This had, in recent years expanded to include fusing styles of clothing from the other parts of the world, giving the entire market an eclectic makeover.
Apparel exports from India
In 2018, apparel exports from India amounted to around 16.7 billion dollars. Offline sales dominated the export channel, with fabric being the leading exported product. The value of exports from the country has slightly dipped in the last two years. One reason for this could be competition from counties like China and Vietnam. Additionally, Bangladesh’s duty-free agreement with the European Union further challenges India’s apparel exports. Nevertheless, manufacturers in the country have shifted their focus to diversifying exports to Hong Kong, Japan and South Africa. It remains to be seen if this can make up for the dip in exports since 2018.
