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Denim industry like any other textile and clothing products islargely fragmented. While the westerners were the major producers of denim inyesteryears, now Asian manufacturers are contributing to about 50 percent ofthe world denim capacity. Most of the production in Asia is generated primarilyin China and India. Some of the capacity expansion is taking place in thecountries like Bangladesh, Indonesia, Pakistan and Turkey. There are severalthousands of companies targeting specific customer segments for increasingtheir market shares. Since the companies are shaping up their productsvis--vis defined consumer segments, they obviously are investing heavily onfit, style and fashion statements. In the demand side, world demand for denimsis projected to reach US $ 65 billion by 2015
TheIndian market for branded products such as jeans, Bermuda, shirts, jackets andother consumer goods is estimated at no less than 40 million consumers
In India, the demand for the denim jeans has increased manifold andhas increased by 129 percent in an 11 year period between 1998 to 2008.Therehas been a significant demand surge for jeans from the rural India than theurban India. While the rural demand for jeans was below 29 percent in 1998, hasbeen leveraged to 56.30 percent in 2008. Conversely the urban Indias demand share has been significantly reduced to 43.70 percent in 2008 from a demandshare of over 71 percent in 1998. Though the rural Indias denim consumption issurging ahead, the cities have their share of strength in the consumptionstory. The 15 most important cities, in terms of their population post aconsumption demand of around 12 percent of the total denim jeans consumption in India. However, the demand for jeans of these cities in the last three yearsreveals a decline by 4.3 million pieces. Age, sex and cultural integration ofthe Indian population have a strong bearing on the consumption profile as wellas the extent of consumption.
Dr. P Nayak is an expert inMarket Research and International Trade. He has been instrumental in creatingthe trade related capacity building in textile sector in India. An eminent scholar and speaker he has served in various ministries of Government of India andis currently working as the Director in the Textiles Committee, Mumbai in theMinistry of Textiles; a statutory organization of Government of India.
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