Denim Fabric Export From India Increases By 5.83% During Feb’20

India is one of the largest exporters of denim fabrics. The Export to different nations are analysed in this report. Also the average price and & share of major exporters  can be seen in the report.

1. Country Wise Export Analysis
2. Leading Denim Suppliers

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COUNTRYWISE DENIM EXPORTS

There are 10 major countries where India exported approx 84% out of its total exports. The top importers of Indian denim fabrics include Bangladesh, Colombia, Egypt, and Sri Lanka . In the month of February, 2020, a major portion of exports belonged to Bangladesh which was approx. 34% and the total export figure to this country stood over 6.37 million meters and it was exported at an average price at $2.57/m.

The 2nd major country where exports were made was Colombia which had a 19% share in the total export during February 2020. The total export made to Colombia was 3.5 million meters at an average price of $1.8/m. 

Egypt is at #3 and had 12% share and Sri Lanka with 4% share stood at #4 in the list. Sri Lanka bought fabrics at the most expensive average price of $2.64/m however Egypt found to be the cheapest importer during this period with an average price of $1.6/m.

Over 18.7 million meters were exported from India globally, in the month of Jan’20 it was 17.7 million meters , a growth of 5.83% within a month is a good indication for Indian denim industry and in coming months the export it might increase due to the lockdown of China.

It would be pertinent to mention here that the actual figures of exports would be little higher as data is normally not captured . 

COMPANY WISE DENIM EXPORTS

So far as the leading denim suppliers are concerned, in Feb 2020, the top three denim suppliers were as below:

1. Arvind Ltd. – Total Denim Exported was 3.23 million mtrs at an average price of $2.72/m. Total share in export is 17%. Bangladesh, Sri Lanka and Guatemala are major exporting countries for Arvind.
2. Jindal Worldwide Ltd. – Total Denim Exported was 1.85 million mtrs at an average price of $1.94/m. Total share in export is 10%. Amongst many, Colombia and South Africa are major export destinations for Jindal Worldwide Ltd.
3. Sangam Denim – Total Denim Exported was 1.72 million mtrs at the highest average price of $1.77/m. Total share in export is 9%. Colombia,Egypt, and Mexico are major exporting countries for Sangam amongst many countries.

JRD Denim supplied the fabrics at the least average price of $1.35/m and Raymond UCO Denim at the most expensive price of $3.08/m. The leading buyers of Indian Denim Fabric include Armana Group, Ananta Garments, Cassiopea Apparels Ltd., Denim Experts Ltd., Kenpark, Hiradarmani, Refat Garments, Denimach, Tusuka and Kenpark.

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