Covid 19 has had a major impact on various industries globally and textile/apparel is one of the worst-hit. Denim being a part of this industry is even more hit with most large retailers around the world shutting doors on their stores.
India exports a lot of denim fabrics and in this report, we analyze how the impact of Covid19 can be seen on the exports. We are covering the denim export from India in September 2020.
The analysis will be in two parts
- Countrywise Export Analysis
- Leading Denim Suppliers
| # | Particulars /Content of the report |
| 1 | Table showing country-wise Denim Exports along with Average Price and % Share of countries for September 2020 |
| 2 | Graphs showing month wise Denim Exports, Average Price and %Share of countries for Septemeber 2020 |
| 3 | Table showing Leading Denim Suppliers along with Average Price and % Share September 2020 |
| 4 | Graphs showing Leading Denim Suppliers along with Average Price and % Share September 2020 |
COUNTRY WISE DENIM EXPORTS SEPT 2020
There are 11 major countries where India exported approx. 78% of its total exports. The list primarily included Bangladesh, Egypt, Colombia, the USA, Mexico, and Sri Lanka. Total export from India stood at 15.13 million meters at an average price of $1.86/meter.
In Sept 2020, Egypt emerged as the 2nd biggest export destination for Indian Denim Mills with a total export of 1.25 million meters followed by Colombia with 1.02 million meters. Bangladesh remained the biggest denim export destination, though there has a fall of approx. two million meters from March 2020 denim export figures. In March 2020 Bangladesh bought 6.63 million meters and in March 2019 the import was more than 9.5 million meters. In other words, If we compare the figures for Sept 2020 with March 2019, the fall would be close to 50%.
Bangladesh used to have a 40-50% share in the total Indian denim fabric export however during Covid and Post Covid, it is being said that Bangladesh is mostly buying from its local denim mills and has reduced its dependence on overseas mills including Indian mills.
Apart from that, there have been unreasonable delays faced at Custom Clearance due to which shipments are getting delivered with a delay of 3-4 weeks, that might be a reason as to why the correct figures have not been captured, having said that, that is going to affect 1-2 % of export data, not that much which we have been witnessed in this report.
| Export Market | Volume(Meters) | Price($/Meter) | % Share |
| Bangladesh | 4,705,338 | 2.51 | 30.73% |
| Egypt | 1,250,099 | 1.78 | 8.16% |
| Colombia | 1,027,523 | 1.73 | 6.71% |
| United States of America | 934,048 | 1.71 | 6.10% |
| Mexico | 742,541 | 2.13 | 4.85% |
| Sri Lanka | 734,869 | 2.54 | 4.80% |
| Madagascar | 622,489 | 2.21 | 4.07% |
| Guatemala | 583,206 | 1.65 | 3.81% |
| Spain | 441,139 | 0.38 | 2.88% |
| Tanzania | 435,413 | 1.76 | 2.84% |
| Chile | 426,328 | 1.93 | 2.78% |
| Others | 3,407,977 | 1.94 | 22.26% |
| Total | 15,310,970 | 1.86 | 100.00% |
COMPANY WISE DENIM EXPORTS
So far as the leading denim suppliers are concerned, In the month Sept’20, the top five denim suppliers were as below:
- ARVIND LIMITED – Total Denim Exported was 3.01 million meters at an average price of $2.66/m. The total share in export is 19.71%. Bangladesh, Jordan, Ethiopia, Sri Lanka, Lesotho, Madagascar, and Turkey are the major markets for Arvind Denim.
- JINDAL WORLDWIDE LTD – Total Denim Exported was 1.65 million meters at an average price of $1.81/m. The total share in export is 14.36%. The Republic of Korea, Guatemala, Chile, Lebnan, Lesotho, and the USA are major exporting countries for Jindal.
- SANGAM INDIA LIMITED – Total Denim Exported was 1.40 million meters at an average price of $1.91/m. The total share in export is 9.15%. USA, Madagascar, Mexico, Colombia, and Thailand are major exporting countries for Sangam India.
- MANOMAY TEX INDIA LIMITED – Total Denim Exported was 1.28 million meters at an average price of $1.74/m. The total share in export is 8.39%. Colombia, Ecuador, Paraguay, and the USA are the major markets for Manomay Tex.
- Raymond UCO DENIM. – Total Denim Exported was 1.22 million meters at the highest average price of $2.82/m. The total share in export is 8.02%. Bangladesh, Vietnam, United Arab Emirates, Sri Lanka, Egypt, Netherlands are the major markets for Raymond UCO Denim.
Nandan Denim supplied the fabrics at the least average price of $1.17/m and Raymond UCO Denim at the most expensive price of $2.82/m.
| Exporter Name | Volume(Meters) | Price($/Meter) | % Share | Main Export Markets |
| AARVEE DENIMS AND EXPORTS LTD. | 293967 | 2.25 | 1.92% | Bangladesh, Lebanon, Guatemala, Venezuela |
| ARVIND LIMITED | 3018052 | 2.66 | 19.71% | Jordan, Bangladesh, Ethiopia, Sri Lanka, Lesotho, Madagascar, and Turkey |
| JINDAL WORLDWIDE LTD | 1659911 | 1.81 | 14.36% | Republic of Korea, Guatamala, Chile, Leabon, Lesotho, and USA |
| MANOMAY TEX INDIA LIMITED | 1285194 | 1.74 | 8.39% | Colombia, Euador, Paraguay and USA |
| NANDAN DENIM LIMITED | 537452 | 1.17 | 3.51% | Bangladesh, Guatemala, and Colombia |
| RAYMOND UCO DENIM PRIVATE LIMITED | 1227383 | 2.82 | 8.02% | Bangladesh, Vietnam, United Arab Emirates, Sri Lanka, Egypt, Netherlands |
| RSWM LIMITED | 354315 | 2.02 | 2.31% | Bangladesh, Madagascar, Chile, Peru, and Venezuela |
| SANGAM INDIA LIMITED | 1401420 | 1.91 | 9.15% | USA,Madagascar, Mexico, Colombia and Thailand |
| ULTRA DENIM PVT. LTD. | 1175654 | 1.57 | 7.68% | Turkey,Thailand, Srilanka and Egypt |
| VINOD DENIM LIMITED | 228286 | 1.89 | 1.49% | Colombia, Egypt,Republic Of Korea, Venezuela,and Republic Of Korea |
| OTHERS | 4129336 | 1.18 | 26.97% | |
| TOTAL | 15310970 | 1.86 | 100.00% |
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