Global Textile Industry Business

Global Top 10 Textile Exporter by Countries

As Per Global Report, China is the Top largest textile apparel producing and exporting nation in the globe and Chinese textile industry has become Leading exporter in the world. France, Italy, Netherlands, Spain, and Germany have thousand plus textile clothing industry and its total 32.1 % contribution in textile exporter market in the world. Indian textile industry is growing and expanding since last 5 years share of Indian textile sector is around 4.1% and it is increasing day by day.

Textile Exporter by country chart

Textile Exporter by country chart

Top 10 Textile Importers worldwide by Nation

Below statistic shows that United States (USA) was the second ranked global textile importer mainly in Apparel cloth goods, textile raw Material yarn and manmade fibre depend on major south Asian and African countries.

Textile Exporter by country chart

The Global Cloth Apparel industry market valued is around 3,000 billion USD

Global Industry Analysts has stated that the global textile market for apparel, cloth and home furnishing products reached at 2000 billion USD and demand is rising day by day.

Textile Industry business flow structure:-

The Textile industry structure is manipulated across the value chain

First Cotton, Silk, Wool Raw Material to Fibre

Spinning, Ginning and processing unit

Fabrics Weaving, Knitting and Processing

Dyeing, Bleaching, Printing and Finishing

Garment and Textile Cloth Market

Enlarge Textile Exporter by country chart

Introduction

In today's era textile is the second sector of providing largest employment after the agriculture sector in most of the all developing and under developing countries.

In case of India out of the total export, textile takes part at about 16% as well as in today's date India stands at second place for largest manufacturing capacity in the world.

estimated worth of global textile & clothing industry is about the US $4395billion and currently, global trade in textiles & clothing stands around the US $360bn.

The world trade organization is predicted that the global trade of the textile will expand by 3.3% this year and it is expected that it will grow by 4% next year.the success of the global trade is is largely depend on continuing major investment in innovation and invention in textile business.

Day by day the share of technical textile in the total world exports is also gradually increasing that is the reason that it forces the textile industry to the promotion.in total world wide export of the textile the share of technical textile is at about 27%. It may be even 50% in some of the western countries while in case of India it is 11%.

Transparency market research (TMR) estimated that the global technical textile market is growing with CAGR of 3.3% from 2012.iot is also expected that in 2018, The global technical textiles market will reach a market value of US$160.38 billion from US$133.93 billion in 2012.

Global Textile Business In Markets

In today's age due to the globalization, the leading textile machine manufactures like China, Germany, Italy, Switzerland, and India is in a gigantic competition to give the machines with the best technology.

Global industry analysts, Inc.(GIA) has estimated that the global bazaar for textile machinery is to reach US$ 22.9 billion by 2017. Demand for sophisticated machines that produce high-quality clothes is drastically increasing & whatever is the technology, the purchasing decision of the investor is greatly influenced by the machines versatility, flexibility, and price offers.

Enlarge Textile Exporter by country chart

Leading Exporters In Global Textile Exports

From last few decades, China is leading exporter in the global textile market along with it India, Italy, Germany, Bangladesh are other leading countries. in 2013 export business of China worth of 274$ bn.whereas India's export business was worth 40$bn. But in today's date if we do a study of the india and chinas exports we come to know that the Indian export is increased by 21% as compared to 2012 where as the chineese export has growth only of 11%.

Compare to all other countries Indian and Chinese apparel markets shown robust growth whereas Bangladesh is also emerging as leading manufactures of textile in the world. From 2009 to 2013, the Chinese market registered a CAGR of 13% whereas the Indian market registered a growth of 10%.so if we see the nature of countries, per Capita spend on apparel in India is only one-third of that in China so the Indian apparel market needs less import than Chinese apparel market which increases the CAGR%.

Leading Exporters In Global Textile Machinery Exports

China & India are emerging as major production hubs whereas Germany & Italy showing constant Growth in textile machine manufacturing. As the revolution in the machinery development was took place in Italy & Germany so that in global textile businesses, also Italy & Germany trades textile machinery to worldwide from a number of years whereas.China, Japan &Switzerland are also coming up with their new technologies. in 2014 Germany’s global export is with the highest revenue of 2,724 million euro Whereas the Italy export revenue is 1510 million euro. Italy’s major export revenue share came from major production hubs. Italy exports 42% of its whole production to Asian countries.

Indian Textile And Apparel Industry Overview

As the listed earlier textile sector is one of the largest employment providing sector With over 45 million people so that the textile sector is the largest source of employment generation in the country.

India’s technical textiles market is estimated to be worth INR 70,880 crore (USD 13 billion), and, at an estimated CAGR of 8%, is expected to reach INR 1,52,000 crore (USD 28 billion) in 2023.