Giriraj Singh releases report on Domestic Demand of Textiles - “Market for Textiles & Clothing: National Household Survey 2024”

Giriraj Singh, yesterday released study report on Domestic Demand of Textiles “Market for Textiles and Clothing: National Household Survey 2024” in presence of Smt. Neelam Shami Rao, Secretary (Textiles) and the senior officers of the Ministry of Textiles. The survey estimates domestic demand for Textiles and Apparel (T&A) in the household sector. The comprehensive study estimates the domestic demand in the Textiles and Clothing (T&C) sector and serves as an important reference for trade and industry stakeholders in addition to the policy makers to develop desired strategy for the growth of the sector.

As per the study conducted by the Textiles Committee under the Ministry, the domestic demand for textiles has experienced a robust growth during last 15 years .The market size of textiles has increased from ₹ 4.89 lakh crores in 2010 to ₹ 14.95 lakh crores in 2024 experiencing a Compound Annual Growth Rate (CAGR) growth of 8.3%. Out of total market size, the contribution of household has increased from ₹ 4.18 lakh crores in 2010 to ₹ 8.77 lakh crores in 2024  and played a pivotal role in driving the domestic demand of textiles in the country.

At the same time, the per capita demand increased from ₹ 2,119 in 2010 to ₹ 6,066 in 2024 experiencing a CAGR growth of 7.8%, reflecting a strong growth trajectory. The estimates show a robust growth in per capita demand in textiles by the individuals during the same period.

Man Made Fibre (MMF) & blended fiber based products are contributing 52.2%, followed by 41.2% by cotton based products. On the other hand, Silk and Woollen fiber based products are contributing 5.2% and 1.3% respectively to the product basket.

In absolute terms, the demand for MMF & blended textiles recorded most significant growth, with demand increasing from ₹1.47 lakh crores to ₹4.47 lakh crores, with a CAGR of 8.28%. Cotton maintained its position as the second most important fiber, with aggregate demand increasing from ₹ 0.87 lakh crores to ₹3 .53 lakh crores with a CAGR of 10.53%.The demand for Silk and Wool based products increased at CAGR of 8.93% and 7.02% respectively during same period.