This is a data report on the import of denim fabrics into India. The report gives the following info for period of 9 months April – Oct 2011 :
a) List of countries from where the denim fabric is being imported into India either for re-export in the form of garments or for local use .
b) The quantity of fabric coming from major exporting countries.
c) The value and average prices of fabrics coming from each destination.
Though India has a large manufacturing base for denim, denim has started coming into India from various countries around the world. The denim is mainly being imported due nominated orders from final garment customers in the West . But now local brands in India have also started to have a taste of premium denim from other companies around the world and are trying to import the same despite high duties.
Some of the countries from where denim is coming from are mentioned below for the period April to Oct 2011 . Also given are average prices , quantities coming from each country.
[private_special]
|
Country |
Quantity in sq mtrs |
Approx Value (USD) |
Av price (USD/ Sq mtr) |
|
Turkey |
2.71 million |
12.45 million |
4.59 |
|
Tunisia |
0.24 million |
1.31 million |
5.45 |
|
Thailand |
0.27 million |
.89 million |
3.29 |
|
Spain |
0.14 million |
.84 million |
6.00 |
|
Pakistan |
0.68 million |
1.65 million |
2.42 |
|
Italy |
0.76 million |
3.80 million |
5.00 |
|
China |
0.71 million |
1.70 million |
2.33 |
| Japan | 0.048(48,000mtr approx) | 0.32 million | 6.75 |
Disclaimer: We collect our information from various sources and though we take full care to ensure that the data is correct, we are dependent on external sources and hence do not take any liability for the correctness or completeness of the information. Kindly use your judgement to use the data.
It is interesting to see the prices at which denim is coming into India. The normal range of prices of denim from Indian mills is about Rs 150 to Rs 200 which is about $3 to $4 PER MTR. In sq mtr it would be about $ 2 to less than $3 . So it is actually surprising to see the difference in prices from Indian mills and that from countries like Japan, Turkey and other places. However , it must be remembered that some of these fabrics is nominated and only a small qty is actually imported for domestic use.
The duties in the range of 20 – 40% are a big hindrance for imports of denim into India , otherwise Indian market would have seen much higher quantities of imports of denim fabrics.
[/private_special]
Leave a Reply