US to retain top position in denim jeans market, but growth to slow

06 Aug '22

2 min read

Pic: 123rf.com

US will retain top position in the global denim jeans market, but its annual growth will be lower than the global average. The growth rate of market size is projected at 3.14 per cent for 2021-2026 while global market will grow at an annual rate of 3.65 per cent in the same period. Developing economies like China and India are chasing the US very closely.

The market size of denim jeans was estimated at 523.97 million units in 2021. It may grow to 561.29 million in 2022, 582.19 million in 2023, 593.80 million in 2024, 603.48 million in 2025 and 611.54 million units in 2026, according to Fibre2Fashion’s market insight tool TexPro.

The global market of denim jeans was estimated at 2893.37 million units in 2021 which may grow to 3461.56 million in 2026. The growth rate is expected to be 3.65 per cent in the period. The market size will grow to 3145.55 million in 2022, 3273.73 million in 2023, 3351.19 million in 2024 and 3409.81 million in 2025, as per TexPro.

As for China, its denim market size is likely to grow to 588.82 million units in 2026. The growth rate will be 4.86 per cent between 2021 and 2026. Its market size was 464.55 million in 2021.

Similarly, India’s market size of denim jeans is projected to grow to 426.12 million units in 2026. The growth rate will be 4.38 per cent between 2021 and 2026. Its market size was 343.93 million in 2021.

Fibre2Fashion News Desk (KUL)

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