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India as a fabric Importer for readymade garment industry
Indian garment industry heavily relies on imports of fabrics to meet the demands of its growing market. The industry imports a significant amount of synthetic, man-made, and cotton fabrics from countries such as China, South Korea, and Bangladesh. With the Indian garment industry projected to grow in the coming years, the demand for imported fabrics is expected to increase, presenting opportunities for foreign fabric exporters.
Despite the India’s strength in textiles and fabrics, the country also imports fabrics to meet the demand of its thriving readymade garment industry. China is the largest source of fabric imports for India, accounting for 43% of the total imports in 2019-20. Other major sources of fabric imports for India include Korea, Taiwan, Indonesia, and Thailand.
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India is a large importer of synthetic and man-made fabrics, as the country’s domestic production is not enough to meet the demands of its growing garment industry. In 2020, India imported around 423 million square meters of man-made fabrics, with polyester being the most imported fabric. India imported around 295 million square meters of polyester fabrics in 2020, followed by nylon and viscose.
According to the data from the Directorate General of Commercial Intelligence and Statistics (DGCI&S), India’s fabric imports were valued at USD 2.66 billion in 2019-20, up from USD 2.49 billion in the previous year. Polyester fabrics were the most imported, accounting for 32% of the total fabric imports, followed by cotton fabrics (21%), viscose fabrics (16%), and nylon fabrics (9%).
In 2020, India imported around 423 million square meters of man-made fabrics, with polyester fabric imports around 295 million square meters, followed by nylon and viscose. Indian garment manufacturers import fabrics from countries such as China, South Korea, Japan, Taiwan, and Indonesia.
The country also imported around 200 million square meters of cotton fabrics in 2020, with the majority of imports coming from countries such as Bangladesh, China, and Vietnam.
The Indian garment industry heavily relies on imports of fabrics to produce high-quality garments. Indian garment manufacturers import fabrics from countries such as China, South Korea, Japan, Taiwan, and Indonesia.
Apart from synthetic and man-made fabrics, India also imports a significant amount of cotton fabrics to meet the demand of its readymade garment industry. The country imported around 200 million square meters of cotton fabrics in 2020, with the majority of imports coming from countries such as Bangladesh, China, and Vietnam.
India imports a variety of fabrics from China, including both natural and synthetic fibers. According to the data from the Ministry of
Commerce and Industry, India’s imports of textile and apparel products from China stood at $2.8 billion in 2020-21, down from $3.3 billion in the previous year.
The Indian government has been supportive of the country’s garment industry and has implemented various policies and incentives to promote growth. However, the industry still relies heavily on imports of fabrics, as the domestic production is not enough to meet the demand of the growing industry.
The Indian garment industry is projected to grow at a compound annual growth rate (CAGR) of 9.4% from 2021 to 2026. This growth is expected to drive the demand for imported fabrics in the coming years.