Overview

The global import market for Woven track-suits (HS Code 621132/33/42/43) has grown steadily, with a CAGR of 4.98%, reaching $11.63 billion in 2023. The USA is the largest importer, commanding 22.64% of the market, followed by Japan and France. South Korea has experienced significant growth at 10.23% CAGR, while Germany shows more moderate growth. Overall, the market continues to expand, driven by strong demand from these top importing countries.

The USA remains the leading importer of Woven track-suits, with a CAGR of 3.04%, reaching $2.63 billion in 2023.The country’s market share is 22.64%, and it continues to see steady growth despite fluctuations in demand in recent years.

Japan’s import growth is slower, with a CAGR of 0.33%, reaching $926.7 million in 2023. Despite the modest growth, Japan holds a 7.97% market share, maintaining a strong presence in the global market.

France has seen robust growth with a CAGR of 5.80%, reaching $798.3 million in 2023. The country holds a 6.87% market share and continues to be one of the key players in the global Woven track-suit imports.

India’s Position

India’s position in the global Woven track-suit import market is still emerging. While specific data for India is not provided in the table, the trends suggest that India is likely to have a relatively small market share compared to leading importers like the USA and Japan. However, India’s growing textile sector and increasing export potential indicate a rise in market presence. As the market expands, India’s future growth trajectory can be driven by its competitive pricing and manufacturing capabilities.