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Exhibition Status Update!

With 3 weeks until SHOWTIME, the 20th Anniversary edition welcomes an All-Star cast of new and returning exhibitors, making up the largest DOMOTEX asia/CHINAFLOOR to date. Due to high demand in all product...

Global designers to exhibit at Luxury Br…

Designers from Europe, Middle East and North America will exhibit at the upcoming Luxury Brands Carpet Show. The second edition of the curated Luxury Brands exhibition and designer carpet collection is scheduled to...

H&M to dress Swedish teams for Olymp…

Hennes and Mauritz Group (H&M) will dress the Swedish teams for the Winter Olympics and Paralympics in PyeongChang 2018. The company will create outfits for the opening and closing ceremonies. The collection will...

Saurer to show Allma TechnoCorder TC2 at…

Saurer Technologies GmbH & Co. KG Twisting Solutions, a leading provider of energy efficient solutions for tire cord, carpet, staple, glass filament, and industrial yarns, will present its Allma TechnoCorder TC2 innovative machine...

Cone Denim and Unifi launch S Gene with …

Cone Denim and Unifi have launched the latest in advanced stretch technology - S Gene with Repreve . Combining the advanced stretch technology of S Gene with the superior sustainability and performance of...

Shima Seiki to partake in Premiere Visio…

Leading computerised knitting machine developer, Shima Seiki Mfg., Ltd., is set to participate at the Premiere Vision show, a global event for fashion professionals, to be held in Paris, from February 13 to 15, 2018...

Measurably more productive and econom- i…

Even if the winding machine is only responsible for about 10-15% of the energy consumption (compressed air and electrical energy) when considering the classic ring spinning process, these criteria play an important role...

Wool to dominate at Intertextile Shangha…

Some 3,300 exhibitors from around 20 countries covering all apparel fabrics and accessories product groups are expected at the Spring Edition of the industry’s most comprehensive sourcing platform for the spring/summer season, Intertextile...

Wazir’s report: Chinese and Indian apparel markets become bigger


Wazir’s report: Chinese and Indian apparel markets become bigger

The Chinese textile and apparel market is expected to grow over the next few years.

According to the textile and apparel sector report by management consulting firm Wazir Advisors Pvt. Ltd, the Chinese and Indian markets with their huge population base and growing economies have received most attention from international companies in recent, and China has been at the forefront of attracting investments across the sectors, India is also catching up fast.


The macro economic projections over the next few years show continuation of growth in both the markets. For textile and apparel manufacturing, China has developed by far the largest textile manufacturing base whilst India is a distant second.


On the apparel retail side, China again leads with a significant margin. However, over next few years, the combined apparel retail economy of China and India will represent a significant proportion of the global apparel sector surpassing several traditional developed markets in size, according to the report.

China and India market grew despite global uncertainties

The present apparel market size of China and India are estimated to be US$150 billion and US$45 billion, respectively. Both markets have shown robust growth, despite global uncertainties and slackened demand.


From 2007 to 2012, the Chinese market posted an annualized growth of 15% whereas the Indian market registered a somewhat lower growth of 12%. However, both the markets have performed better than the other major consumption regions, such as US, EU and Japan, where gloomy economic conditions led to lower demand growth.


The per capita spend on apparel in China is significantly higher than that in India. From 2007 to 2012, the per capita apparel spend in China grew at CAGR of 14% and reached US$109 by 2012. During the same period in India, the growth rate registered was approximately 11% and reached US$35.


The Chinese and Indian apparel markets show a major difference in terms of market segmentation into men’s, women’s and kid’s wear. In China, womenswear is the largest category whereas in India is the menswear. In fact, India is the only major apparel market where womenswear is not the largest category in value terms. The reason behind this anomaly is the fact that womenswear in India is largely dominated by traditional, unbranded dresses which in value terms are lower than menswear products, despite having larger volumes overall.


The size and segmentation of Chinese and Indian markets are quite dissimilar and this will hold true for the foreseeable future. However, the emerging changes in both markets have a strong coherent undercurrent.

Consumer income will lead to continous growth

According to the report, the evolution of markets by 2025 in both the countries will be determined by various key trends.

Growth of economy and consumer income will lead to continuous market growth. Both Chinese and Indian economies have been the best performing large economies in the last decade. Over the next 10-15 years, they are expected to maintain high growth rates. The current GDP of China stands in excess of US$7 trillion which is expected to reach approximately US$ 23 trillion by 2025 (projections by CEPII, France), registering a CAGR of ~9%.

During the same time, Indian economy is expected to grow at a CAGR of 8% to reach a level of US$ 4.8 trillion by 2025 from US$ 1.8 trillion in 2012.

Studies show that countries achieving a per capita GDP of more than US$2,500 experience a spur in economic growth led by consumer spending. The Indian economy is expected to reach this target by 2020, whereas China is already well past this level.

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Interview Mr. Ahmad Sadeghian

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Kohan Textile Journal

Middle East Textile Journal

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