Indian Textile Industry vision 2020
INDIAN TEXTILES - VISION 2020
Just 12 years after the arrival of the 6 billionth individual on the planet in 1999, humanity will greet the 7 billionth arrivals this month. The world population continues its rapid ascent, with roughly 75 million more births than deaths each year. The consequences of a world crowded with 7 billion people are enormous. 57% of the population lives in South East Asia, where 18.6% in India. Obviously, the requirement of Apparel and Technical textile will increase enormously.
Furthermore, china’s transformation has become obvious from Textile to macro-engineering product line, due to acute shortage of labour, (23% of population will be more than 65 years of age within coming 5- yrs.) and high wages of around USD450/month in compare to india’s USD180.00 per month. However, the consumption of textile (in USD) has to rise by 75%, as expected, for next decade. China will have no other option than to import product from her next competitor country India. Whereas, India’s domestic consumption will grow around 50% than today. So there is a huge potential of growth, which could be visualized and rated as CAGR 27% on coming 6-7 yrs. This opportunity can be termed as ‘GOLDEN ERA OF INDIAN TEXTILE-2020”.
Study shows: 1. Global Changes In Clothing Consumption By 2020,
a. PER CAPITA APPAREL CONSUMPTION GROWTH( IN US $)
b. Per capita consumption in Kgs. –in 2011
Countries
N. America
Europe
China
India
World
Per capita consumption
31
22
17
7.5
11
Source: EU, CBI, US Census Bureu,NBS China, technopak
Expected rate of consumption growth in China, Brazil and India is around 13%.Out of 11kgs of per capita, Cotton represents 32% and rest for blended and Non-cellulosic fibre.
c. Global apparel market expected to grow @4% ;
Year->
2000
2010
2020 (Expected)
USD (Bn)
720
1170
1725
India, China & Brazil
11%
20%
29%
Japan, EU & US
68%
55%
44%
Rest
21%
25%
27%
China, India, Brazil are expected
Just 12 years after the arrival of the 6 billionth individual on the planet in 1999, humanity will greet the 7 billionth arrivals this month. The world population continues its rapid ascent, with roughly 75 million more births than deaths each year. The consequences of a world crowded with 7 billion people are enormous. 57% of the population lives in South East Asia, where 18.6% in India. Obviously, the requirement of Apparel and Technical textile will increase enormously.
Furthermore, china’s transformation has become obvious from Textile to macro-engineering product line, due to acute shortage of labour, (23% of population will be more than 65 years of age within coming 5- yrs.) and high wages of around USD450/month in compare to india’s USD180.00 per month. However, the consumption of textile (in USD) has to rise by 75%, as expected, for next decade. China will have no other option than to import product from her next competitor country India. Whereas, India’s domestic consumption will grow around 50% than today. So there is a huge potential of growth, which could be visualized and rated as CAGR 27% on coming 6-7 yrs. This opportunity can be termed as ‘GOLDEN ERA OF INDIAN TEXTILE-2020”.
Study shows: 1. Global Changes In Clothing Consumption By 2020,
a. PER CAPITA APPAREL CONSUMPTION GROWTH( IN US $)
b. Per capita consumption in Kgs. –in 2011
Countries
N. America
Europe
China
India
World
Per capita consumption
31
22
17
7.5
11
Source: EU, CBI, US Census Bureu,NBS China, technopak
Expected rate of consumption growth in China, Brazil and India is around 13%.Out of 11kgs of per capita, Cotton represents 32% and rest for blended and Non-cellulosic fibre.
c. Global apparel market expected to grow @4% ;
Year->
2000
2010
2020 (Expected)
USD (Bn)
720
1170
1725
India, China & Brazil
11%
20%
29%
Japan, EU & US
68%
55%
44%
Rest
21%
25%
27%
China, India, Brazil are expected