Cotton Textile Market Size Was Valued at USD 1837.27 Billion in 2023 and is Projected to Reach USD 3611.95 Billion by 2032, Growing at a CAGR of 7.8% From 2024-2032.
Cotton textile and garment exporters in India anticipate an 8-10% increase in outbound shipments in the coming months due to the holiday season in developed markets being expected to bring relief, even as apparel exports continue to decline. Due to inflation and economic slowdowns, many clients have deferred order placements or requested lower prices, causing the apparel export sector to slump. However, cotton textile exports rose by 6% in July, and a representative from the sector believes that the green shoots emerging.