Vietnam: - Vietnam has consistently been the largest importer throughout the period, with its imports increasing significantly each year. In 2023, Vietnam’s imports reached a staggering 3,549.2 million USD. Vietnam holds the largest market share, accounting for a substantial 68% of the total imports and the highest CAGR at 16%, indicating that its imports have grown at a faster rate than the other countries.

United Arab Emirates: - The UAE has also shown steady growth as an importer, with its imports consistently increasing year after year. In 2023, the UAE’s imports reached 2,704.6 million USD. The UAE holds the second-largest market share at 15%,demonstrating its considerable influence in the import market and the UAE has a steady CAGR of 10%.

Bangladesh:- Bangladesh’s imports have fluctuated over the years. While it experienced significant growth in 2019, its imports declined in 2020 and 2022 before rebounding in 2023. Bangladesh and Indonesia have similar market shares of 6%each, they are both important players in the import market and Bangladesh has a strong CAGR of 11%.

India’s Position

India’s imports have grown at a slower pace compared to the other countries. Its imports have increased steadily but not as dramatically as Vietnam or the UAE. India has 24 rank Global top importers country. India holds a smaller market share of 5%, indicating its relatively lesser role in the global import of this fabric compared to the other countries and India has a moderate CAGR of 8%. India’s position in the market is relatively small compared to Vietnam and the UAE. While it does have a presence, its market share is significantly lower, suggesting that it faces competition from other countries, particularly Vietnam.