Overview: The global import value for these items experiencedfluctuations between 2019 and 2023. There was asignificant decrease in global imports in 2020, likelydue to the impact of the COVID-19 pandemic on retailand consumer demand. The market showed a strongrecovery in 2022, reaching the highest import valueduring the observed period. In 2023, global importsdecreased again, falling below the 2019 level. Theoverall CAGR for the world during this period was-0.2%, indicating a slight average annual decline inimports. This suggests a generally stagnant globalimport market for these specific woven outerwear items.

India is listed at the 45th position, with significantlylower import values compared to the top importers.India’s import value in this category has shown astrong upward trend over the years, increasing from $12.7 million in 2019 to $38.4 million in 2023. India’sexceptionally high CAGR of 32% signifies a rapidexpansion of its import market for men’s and boys’woven outerwear. This indicates a growing domesticdemand for these products.India’s import market forthese products is experiencing rapid growth, increasingdomestic consumption and potential opportunities forglobal exporters targeting the Indian market.

India, which was a relatively small exporter in the previousdata but showed high growth, is also demonstrating veryhigh growth in imports of woven outerwear. This couldindicate a growing domestic market that is increasinglysourcing from international suppliers.