Overview

The global market for knitted tracksuits has witnessed significant growth from 2016 to 2023, with a compound annual growth rate (CAGR) of 9.65%. The total export value is projected to reach $1,682.4 million by the end of 2023, driven by rising demand for athleisure and sportswear. Top global exporters include China, Türkiye, Germany, France, Italy, and India, each contributing distinct strengths to the market. Despite being the largest exporter, China’s CAGR of 3.94% indicates relatively slower growth compared to emerging competitors. In 2023, China’s exports are expected to reach $371.7 million, holding a 7.9% market share, thanks to its cost-efficient production and large-scale manufacturing capacity. Türkiye is a standout performer with a remarkable CAGR of 16.85%. Its exports grew from $60.8 million in 2016 to an estimated $180.9 million in 2023, accounting for 16.85% growth. Türkiye’s competitive edge lies in its advanced knitting technologies,strategic geographic location, and focus on sustainable fashion. Germany’s CAGR of 14.21% reflects its dominance in the European market, with 2023 exports projected at $159.3 million. It holds a 10.3% market share, driven by its reputation for producing high-quality tracksuits for premium brands and customers demanding durability and comfort.

India’s Position

India is the most dynamic player, achieving an extraordinary 39.57% CAGR from 2016 to 2023. Its exports are projected to grow from just $1.56 million in 2016 to $16.04 million by 2023, securing a 9.9% market share. India’s rise is fueled by its competitive pricing, innovation in textile manufacturing, and adoption of eco-friendly practices. India is rapidly gaining recognition as a key exporter for sustainable and high-quality knitted tracksuits.