Overview

The global export market for Woven track-suits (HS Code 621132/33/42/43) has experienced steady growth, with a CAGR of 6.73%, reaching $13.47 billion in 2023. China remains the dominant exporter, with a 42.91% market share, followed by Vietnam at 7.58% and India at 6.73%. Other key exporters like Bangladesh and France also contribute to the market, but at a slower growth rate.

As the largest exporter of Woven track-suits, China’s market share is 42.91%, with a strong CAGR of 7.93%. Exports from China reached $5.78 billion in 2023, showcasing its continued dominance and competitive advantage in the global market.

Vietnam has shown impressive growth, with a CAGR of 10.48%, reaching $1.02 billion in 2023. Its market share stands at 7.58%, driven by competitive pricing and strong production capabilities in the textile sector.

India’s export growth for Woven track-suits has been declining, with a CAGR of -1.74%. However, it still holds a 6.73% market share, exporting $907.2 million in 2023. Despite the negative growth rate, India remains a significant player in the market, with potential for future recovery as the industry adapts to global demands.

India’s Position

India ranks as the third-largest exporter, with a market share of 6.73%. While the country’s export growth has declined in recent years, India still plays a crucial role in the global market. Its competitive labor costs, expanding manufacturing capabilities, and strong textile sector make it well-positioned for potential market recovery, especially in the face of growing demand for affordable and high-quality Woven track-suits.