Denim Fabric Exports From India Jump In First Quarter Of 2019

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India, the 2nd largest consumer as well as the 2nd biggest manufacturer of denim fabric in the world is showing strong signs of increased exports . Whereas previously the companies largely ignored the international market , many of them are now aggressively seeking a larger pie of the global market. The total exports of denim fabrics from India isexpected to reach about xxx million mtrs in 2019.  In this report, we’ve done the analysis of leading denim suppliers from India for the period covering from January to March’19.

  1. Monthwise Export Analysis
  2. Countrywise Export Analysis
  3. Leading Denim Suppliers
S. No P A R T I C U L A R S
1 Table showing month wise Denim Exports along with Average Price and % Change for January-March’19
2 Graph showing Month wise Denim Exports for January-March’19
3 Graph showing Average Price Of month wise Denim Exports for January-March’19
4 Table showing country wise Denim Exports along with Average Price and % Share for January-March’19
5 Graph showing month wise Denim Exports for January-March’19
6 Graph showing Average Price Of country wise Denim Exports for January-March’19
7 Graph showing % Share of Countries in Denim Exports for January-March’19
8 Table showing Leading Denim Suppliers along with Average Price and % Share for January-March’19
9 Graph showing Volume of Leading Denim Suppliers for January-March’19
10 Graph showing Average Price of Leading Denim Suppliers for January-March’19
11 Graph showing % Share of Companies in Denim Exports for January-March’19

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MONTHWISE DENIM EXPORTS

In the month of January, the total export was 18.2 million sqm which was exported at an average price of $1.46/sqm. The month of February witnessed a good upward movement in exports and it reached to 26.32 million sqm in February which was 45% more than the export of January. In March, the export figures showed a growth . In comparison to Feb, the month of March had 25% of growth and the figure reached to 33.03 million sqm. During all three months, the price remained close to constant and managed to maintain the price level of $1.45/sqm.

Month

Export (Sqm)

Av Price (USD/Sqm) Change

January

         18,208,307

1.46

February

         26,323,936

1.45

45%

March

         33,034,115

1.44

25%

Total

         77,566,358

1.45

N/A

Indian Denim Industry Is On Road To Cross 200 Million Meters Of Exports In 2019

Indian Denim Industry Is On Road To Cross 200 Million Meters Of Exports In 2019

COUNTRYWISE DENIM EXPORTS

There are 12 major countries where India exported approx 85% out of its total exports. The list primarily included Bangladesh, Egypt, Colombia, Republic of Korea and Mexico. During the 1st three months, a major portion of exports belonged to Bangladesh which was approx. 39% and the total export figure stood at 30.22 million sqm and it was exported at an average price at $1.71/sqm. The 2nd major country where exports were made was Egypt which had a 13% share in the total export during these three months. The total export made to Egypt was 10.04 million sqm at an average price of $1.06/sqm. Colombia is at #3 and had 9% share and Korea with 4% share stood at #4 in the list. Bangladesh bought at the most expensive average price of $1.71/sqm however Egypt remained the cheapest market during this period with an average price of $1.06/sqm.

Country

 Volume (SQM) Average Price($/SQM)

% Share

Bangladesh

           30,225,744

1.71

39%

Egypt

           10,042,435

1.06

13%

Colombia

             6,803,378

1.26

9%

Sri Lanka

             3,069,517

1.69

4%

Mexico

             2,097,925

1.36

3%

Guatemala

             2,134,079

1.34

3%

Chile

             1,807,021

1.27

3%

Korea

             3,190,306

1.19

4%

Kenya

             1,437,039

1.42

2%

Turkey

             1,497,374

1.33

2%

Madagascar

             1,751,757

1.23

2%

Lesotho

             1,013,407

1.57

1%

Others

           12,496,376

1.33

16%

Indian Denim Industry Is On Road To Cross 200 Million Meters Of Exports In 2019

Indian Denim Industry Is On Road To Cross 200 Million Meters Of Exports In 2019

Indian Denim Industry Is On Road To Cross 200 Million Meters Of Exports In 2019

COMPANYWISE DENIM EXPORTS

So far as the leading denim suppliers are concerned, during Jan-March, the top three denim suppliers were as below:

  1. Arvind Denim – Total Denim Exported was 13.40 million sqm at an average price of $1.98/sqm. Total share in export is 17%. Bangladesh, Sri Lanka, and Pakistan are major exporting countries for Arvind.
  2. Raymond UCO Denim – Total Denim Exported was 6.80 million sqm at an average price of $1.97/sqm. Total share in export is 9%. Bangladesh, Sri Lanka, Portugal, Lesotho, and Vietnam are major exporting countries for Raymond.
  3. Ultra Denim – Total Denim Exported was 6.19 million sqm at an average price of $1.04/sqm. Total share in export is 8%. Bangladesh, Egypt and Sri Lanka are major exporting countries for Ultra Denim.

Nandan denim supplied the fabrics at the least average price of $0.98/sqm and Arvind Denim at the most expensive price of $1.98/sqm. The leading buyers of Indian Denim Fabric include Armana Group, Ananta Garments, Artistic Designs, Kenpark, Hiradarmani, Refat Garments, Denimach,Tusuka, Kenpark, FGS Denim, CRS Denim Garments, and FJ MAGALHAES LDA.

Exporting Companies

Volume (Sqm) Average Price ($/Sqm)

% Share

 ARVIND

     13,403,691.00

                                      1.98

17%

 RAYMOND UCO DENIM

        6,793,275.00

                                      1.97

9%

 ULTRA DENIM

        6,192,052.00                                       1.04 8%

 NANDAN DENIM

        6,159,875.00

                                      0.98

8%

 SANGAM INDIA

        5,256,577.26

                                      1.11

7%

 MANOMAY TEX INDIA

        5,038,036.23

                                      1.20

6%

 SURYALAKSHMI COTTON MILLS

        4,441,043.21

                                      1.55

6%

 JINDAL WORLDWIDE

        4,038,637.00

                                      1.30

5%

 BHASKAR INDUSTRIES

        3,108,379.00

                                     1.54

4%

 RSWM

        2,716,654.00

                                      1.53

4%

 OSWAL WOOLLEN MILLS

        2,664,707.00

                                      1.19

3%

 KG DENIM

        2,529,777.00

                                    1.60

3%

 ETCO TEXTILE

        1,509,668.00

                                      1.19

2%

 MALWA INDUSTRIES

        1,454,825.00

                                      1.74

2%

 AARVEE DENIM AND EXPORTS

        1,364,448.00

                                                         1.32

2%

 OTHERS

     10,894,714.00

                                      1.25

14%

Indian Denim Industry Is On Road To Cross 200 Million Meters Of Exports In 2019

Indian Denim Industry Is On Road To Cross 200 Million Meters Of Exports In 2019

Indian Denim Industry Is On Road To Cross 200 Million Meters Of Exports In 2019

The Indian denim fabric exports had been hovering around 200-250million sq mtrs in the last few years. However, if we consider similar exports during this year, the total figure may touch over 300 million sq mtrs this year. This is a good sign as the companies had started to be too dependent on local market . The over dependence had hindered their growth and also investments in research and development and new technologies. With increased export appetite, we may see changes in this direction. Besides the next frontier for the companies has to be vertical integration where they invest in downstream garment manufacturing. This trend is catching up to some extent but we have to see if it really does go strong.

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