Bangladesh is the biggest market for Indian denim

Denim apparel is one of the fastest growing segments in the Indian apparel market, with a double digit growth forecast. During the recent Denim Talks held in Delhi, industry stakeholders and others came together with Denim Manufacturers’ Association to discuss the potential of denim, its prospective application areas, possible alternatives and how Indian denim industry can get in line with sustainability and circular fashion. According to Sharad Jaipuria, President, Denim Manufacturers' Association  "Indian denim industry currently stands at USD 3.6 billion, and has been growing at a CAGR of 9% over the last five years. The industry is expected to grow at CAGR of 11% in the next five years. The steady growth is credited to the rise in consumerism, bridging luxury gap and advancements in denim fashion which have given the segment a major boost. Fashion industry globally is perceived as less environment friendly, and denim manufacturers today must take the lead in embracing sustainability which needs to be imbibed in the entire textile value chain.” A denim industry report says that : “In five years, India  expecting denim consumption to almost double. India’s denim fabric exports have increased at a CAGR of five percent in last six years to reach USD 410 million.” Bangladesh over the last decade has been the biggest market for Indian denim fabric with a 50%+ share in India’s exports for six years running, highlighted the report.