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Wednesday, 04 January 2023 16:47

Indian knit exports up ten per cent

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India’s exports of knitted T-shirts during January 2022 to October 2022 grew by ten per cent.

Exports to the US were up 20 per cent. Knitted T-shirt exports to Germany, UK, France and the Netherlands were up by 16 per cent, five per cent, five per cent and 23 per cent respectively. So there was export growth to the EU countries despite news about declining orders from European buyers.The US is the top destination for Indian knitted T-shirt exporters followed by the UAE, Germany, UK, France and the Netherlands.

Bangladesh and India have attained the highest growth rates of T-shirt production among the main producing countries. The increased exports from these countries is due to the export-oriented means of production, feasible as a result of cheap labor costs. Despite the fact that China remains a key global centre for the production of T-shirts, production is gradually shifting to other countries in Asia.

T-shirt consumption is set to maintain an upward growth trend in the immediate term, due to the recovery being seen in the global economy, the process of ongoing urbanization, the rising population, and increasing income levels. The global trend of the T-shirt market is expected to continue, with a growth of 1.7 per cent annually in the medium term.