Overview

The global market for knitted tracksuits (HS Code 611211 & 611212) has shown a robust 12.84% CAGR from 2016 to 2023, growing from $747.2 million to an estimated $1,740.0 million in 2023. Demand surged post-2020, driven by increased consumer preference for athleisure wear and the global fitness trend. The top importers Italy, Germany, and the UK account for a significant portion of the market, reflecting their strong appetite for high-quality tracksuits.

The sector’s growth highlights its resilience and adaptability to fashion and lifestyle changes worldwide. Italy has maintained a steady growth rate of 15.67% CAGR, with imports rising from $77.1 million in 2016 to $213.7 million in 2023. The country commands a 12.28% market share, driven by its demand for premium-quality activewear reflecting both functionality and fashion.

Germany has achieved a 15.81% CAGR, with imports growing from $75.3 million in 2016 to $210.4 million in 2023. The country holds a 12.09% market share, emphasizing functionality and sustainability, key to German consumer preferences.

The UK leads in growth with an 18.79% CAGR, rising from $56.4 million in 2016 to $188.2 million in 2023. With a 10.81% market share, the UK’s imports reflect its demand for stylish and performance-driven tracksuits, aligning with its booming athleisure culture.

India’s Position

India, as a significant exporter in the global tracksuit market, is emerging as a key player by leveraging its cost effective manufacturing and growing focus on sustainability. Although not among the top global importers, India’s rising exports cater to diverse markets, including Europe and North America. The country’s competitive pricing, ability to produce high-quality garments, and focus on eco-friendly production processes position it as a crucial supplier in the value chain. With increasing global demand, India is well-poised to enhance its role in the global athleisure and sportswear industry.