The global textile industry growth continues to be driven by the world’s largest textile producing countries and the top textile exporters in 2020, mainly owning to their rising production and sales of materials such as cotton, yarn, fiber and other finished products or apparels. While China remains world’s largest textile producers and exporters, other major textile markets such as EU, India and the US, are also showing an impressive annual growth rate over the last few years. It is expected that the global textile industry will grow proportionally with the fast-changing fashion market around the world, meaning that the world’s largest textile producing countries and top textile exporters are still full of opportunities to flourish further over the near future.
This industry fact sheet is to assist industry professionals, investors, and people in general that are interested in gaining insights into the global textile industry including:
· How much is the global textile industry worth?
· Which country is the largest producer of textiles?
· Who are the top textile manufacturing companies?
· What are the top exporters for textiles?
· What are the future trends of global textile industry?
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2019 Textile Output in the Global Share
China is the largest textile producer in the world. With its rapid growth over the last two decades, the Chinese textile industry has become one of the main pillars of the country’s economy. Low cost and vast labor availability, reduced commercial barriers and strong material supply are a few of the competitive advantages the country offers for the textile manufacturing industry. In regard to material supply, China produced around 79 billion meters of cloth in 2017 alone, and 5.99 million metric tons of cotton in 2017/2018.
Some of the largest textile manufacturing companies in China include: Jiangsu Hengli Group, Shangtex Holding Co Ltd, Lu Thai Textile Co Ltd, and Huafu Top Dyed Melange Yarn Co Ltd.
India is the second largest textile producer in the world in terms of production volume. The Indian textiles industry, currently estimated at around US$ 150 billion, is expected to reach US$ 250 billion by 2019. According the latest report from IBEF, India’s textiles industry contributed seven per cent of the industry output (in value terms) of India in 2018-19. It contributed two per cent to the GDP of India and employs more than 45 million people in 2018-19. The sector contributed 15 per cent to the export earnings of India in 2018-19.
Some of the largest textile manufacturing companies in India include: Arvind Ltd, Vardhman Textiles Ltd, Welspun India Ltd, Raymond Ltd and Trident Ltd
The US ranked on the third place in the list of world’s largest textile producing countries. According to the recent report from the US National Council of Textile Organizations (NCTO), the total value of U.S. man-made fiber and filament, textile, and apparel shipments totaled an estimated $76.8 billion in 2018, this is an uptick from the $73 billion in output in 2017. Thanks to its productivity, flexibility and innovation, the US continues to be one of the top largest textile producers in the world.
Some of the largest textile manufacturing companies in the US include: TJX Companies, VF Corporation, L Brands Inc, Abercrombie & Fitch Co.
Over the recent years, many other developing countries are also gaining immense growth in their textile industries as their investment into the textile or garment industry increases. Countries such as Pakistan, Indonesia, Thailand and Sri Lanka, as well as a number of South American countries have also seen considerable growth in their textile output in recent years. As China moves towards a service-based economy, and labor prices continue to rise, it is expected that more and more international buyers and investors will shift their business focus to these fast-evolving markets in the near future.
2018 Export Value ($ billion)
In 2018, China’s textile exports were valued at approximately US$119 billion, accounting for over 37.6% of global market share, making it the largest textile exporting country in the world. Clothes, clothing accessories, textile yarns and textile have long been some of the most exported goods in China, contributing hugely to the nation’s economy growth over the decades.
The European Union was the second largest textile exporter region in the world with an export value of $74 and 23.5% of the global market share. Italy, Germany, Spain, and France were some of the top largest textile producing countries and largest textile exporters in the region. There were over 170 thousand textile and clothing companies in the EU; about 70 percent of them are clothing companies, 30 percent are textile companies.
India is also amongst the top textile exporters in the world; with exports of over $18 billion in 2018. IBEF reports that India’s textile and apparel exports stood at US$ 38.70 billion in FY19 and is expected to increase to US$ 82.00 billion by 2021 from US$ 11.92 billion in FY20.
One of the major global textile industry trends that has been witnessed is the rising demand for non-woven fabrics, mainly driven by the downstream industries such as personal care, packaging, automotive and constructions sectors. Non-woven fabrics are some of the materials for producing hygiene and personal care products, such as baby diapers, sanitary napkins and adult incontinence; In construction industry, non-wovens are used in road building in the form of geotextiles to increase the durability of roads; the automobile industry also manufactures a large number of exterior and interior parts using non-woven fabrics. With the rising demand caused by the extensive applications in the downstream industries, the non-woven segment is expected to witness a faster growth rate among the global textile industry over the next few years.