The top global exporters of men’s or boys’ overcoats,car coats, capes, cloaks, anoraks, including skijackets and windcheaters (HS code 6201), measuredin millions of US dollars, from 2019 to 2023. A strongrebound was seen in 2021 and 2022, with exportvalues exceeding the 2019 levels. This recovery canbe attributed to the easing of pandemic restrictions,the reopening of economies and retail, and a pentupconsumer demand. The shift towards online salesalso helped some parts of the fashion industry recover.Easing of restrictions, reopening of economies, pentupdemand, and the growth of online retail fueled asignificant rebound in exports. Each country’s uniquemanufacturing capabilities, cost structure, government policies, and focus on specific markets contributeto their individual export trends and fluctuations. Forexample, Bangladesh’s growth is linked to its costcompetitiveness, while Italy’s strength lies in its designand quality. India’s high growth rate suggests a rapidlydeveloping export sector for these products.
India, ranked 34th, shows a remarkable CAGR of 51%,indicating a very rapid growthin its exports of thesewoven outerwear items. India’s exports, especially in2022 and 2023, growing manufacturing capability andpotentially a strategic focus on this product category.Government export incentives and a large domestictextile industry could be contributing factors.
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