According to *fashion.com/market-intelligence/texpro-textile-and-apparel/” target=”_blank”>sourcing intelligence tool TexPro, Europe imported apparel worth $***.*** billion during January–November ****, compared with $***.*** billion in the corresponding period of ****. However, India’s share has shown only marginal movement over recent years. India’s market share stood at *.** per cent in ****, *.** per cent in ****, and *.** per cent in ****. Over this period, India’s ranking slipped from sixth place in **** to eighth place in ****, reflecting a lack of significant improvement in its competitive positioning despite relatively steady export volumes.
In contrast, China continued to dominate with a **.** per cent share in ****, followed by Bangladesh at ** per cent, while Vietnam and Cambodia both breached the * per cent mark despite smaller production bases. European buyers’ strong focus on cost competitiveness, quick delivery, and duty-free sourcing through GSP (Generalised Scheme of Preferences) or LDC (Least Developed Country) status has helped these countries expand their footprint.
