The global denim fabrics market size is growing at four per cent a year. India is likely to witness the highest growth followed by China and Latin America, while the US will be the largest market.

The market was 3,299.36 million meters in 2016. It grew to 3,429.93 million meters in 2017, 3,576.68 million meters in 2018, 3,737.21 million meters in 2019, 3,914.09 million meters in 2020 and 4,105.64 million meters in 2021. It is expected that the market will reach 4,313.56 million meters in 2022 and 4,541.05 million meters in 2023.

India’s market is smaller than that of China, Latin America, and the US but it is likely to have the highest growth up 2023. India’s market is expected to reach 419.26 million meters in 2023 from 228.39 million meters in 2016. The market’s size was estimated at 349.51 million meters in 2021 and 319.99 million meters in 2020. The US will remain the largest market in the world, but its average growth will be lower than the global average. It may grow by two per cent to reach 876.76 million meters by the end of 2023. Latin America and China may see an average growth of 7.31 per cent and 7.34 per cent respectively.