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Domestic technical textiles Industry Segment-wise consumption of ...

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The current domestic men’s readymade shirt market in India is estimated at 375 million pieces<br />

accounting for 23% <strong>of</strong> the total men’s wear market and is expected to grow at a CAGR <strong>of</strong> 12% over<br />

the next five years. The domestic women’s readymade shirt market has also seen a new dimension<br />

owing to the growing number <strong>of</strong> working women, changing fashion trends, rising level <strong>of</strong> information<br />

and media exposure and entry <strong>of</strong> large number <strong>of</strong> foreign brands. The segment is expected to grow at<br />

a CAGR <strong>of</strong> 15-20% over the next five years. In addition, the estimated sale <strong>of</strong> shirting fabric in 2007-<br />

08 was approximately 1750 million meters which corresponds to 800 million pieces <strong>of</strong> shirts. India<br />

exported 208 million pieces <strong>of</strong> shirts in 2007-08 (Source: DGCIS data) and the exports are expected<br />

to achieve a volume growth <strong>of</strong> 4-5%. The healthy growth in garment industry signals a good growth<br />

potential for the interlining industry though the market for interlining is very price conscious.<br />

Market size <strong>of</strong> interlining fabric and future forecast<br />

Readymade and tailor-made shirts account for 80% <strong>consumption</strong> <strong>of</strong> interlining fabric. On an average<br />

each shirt requires 15 to 20 cm <strong>of</strong> interlining. Interlinings are not used in all shirts; the choice based<br />

on requirement <strong>of</strong> the buyer and cost.<br />

Usage <strong>of</strong> interlining for shirts in 2007-08<br />

Readymade shirts for domestic <strong>consumption</strong> 423 million pieces<br />

Tailor made shirts for domestic <strong>consumption</strong> 800 million pieces<br />

Shirt exported 208 million pieces<br />

Shirts considered for interlining 960 million pieces<br />

Interlining required per shirt 15 – 20 cm<br />

Interlining required for shirts 170 million meters<br />

The domestic market size <strong>of</strong> interlining for shirts is estimated at 170 million meters. Other garments<br />

are expected to account for approximately 20% <strong>of</strong> the interlining domestic <strong>consumption</strong>. Thus, the<br />

total market for interlining fabric is estimated at 215 million meters valued at Rs. 515 crore.<br />

The observed trend in the garment industry reveals a shift towards readymade garments. Thus, the<br />

domestic <strong>consumption</strong> <strong>of</strong> readymade shirts is expected to increase at 10% year on year. The domestic<br />

<strong>consumption</strong> <strong>of</strong> tailor made shirts is expected to increase at 5% year on year. Thus, the demand for<br />

interlining is expected to increase to 290 million meters by 2012-13 (growing at around 7% year on<br />

year). The market potential in 2012-13 is estimated as Rs. 700 crore. No change (upwards or<br />

downwards) in the price <strong>of</strong> interlining has been assumed for deriving the projected market size. The<br />

current and future forecast <strong>of</strong> interlining <strong>consumption</strong> is given below:-

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