Apparel / Textiles & Accessories

New Trends in International Trade! Worldwide, over 2 billion pairs of jeans are sold annually. After two years of hard times, the fashion characteristics of denim are popular again. It is estimated that by 2023, the market size of denim jeans fabric will reach an astonishing 4.541 billion meters. Clothing manufacturers focus on making money in this lucrative field in the post pandemic era.

In the five years from 2018 to 2023, the average annual growth of denim market will be 4.89%. Analysts said that during the Christmas and New Year holidays, the fashion characteristics of the American jeans market have recovered significantly, which will improve the global denim market. During the forecast period from 2020 to 2025, the annual growth rate of the global jeans market is expected to be 6.7%.

New Trends in International Trade! According to a report by clothing resources, the average growth rate of the domestic denim market in India has been 8% -9% in recent years, and it is expected to reach $12.27 billion by 2028. Unlike Europe, the United States, and other Western countries, India's average consumption is about 0.5 items. To reach the level of consuming one pair of jeans per person, India needs to sell an additional 700 million pairs of jeans per year, which demonstrates the country's huge growth opportunities, and the influence of global brands in subway stations and small city advertising is rapidly increasing.

New Trends in International Trade! The United States is currently the largest market, while India may have the fastest growth, followed by China and Latin America. It is expected that from 2018 to 2023, the US market will reach approximately 43135.6 billion meters in 2022 and 45410.5 billion meters in 2023, with an average annual growth rate of 4.89%. Although India's size is smaller than that of China, Latin America, and the United States, its market is expected to grow rapidly from 2283.9 million meters in 2016 to 419.26 million meters in 2023.

In the global denim market, China, Bangladesh, Pakistan and India are all major denim producers. In the field of international trade and export of denim in 2021-22, Bangladesh has more than 40 factories producing 80 million yards of denim fabric, which still ranks first in the U.S. market, Mexico and Pakistan are the third largest suppliers, and Vietnam is the fourth. Its international trade export of denim products is $348.64 million, with a year-on-year growth of 25.12%.

Cowboys have come a long way in the fashion industry. Denim is not only a fashion dress, but also a symbol of daily style, a daily necessity, and a necessity for almost everyone.