1、Market Focus ReportsPrepared byResearch and Policy Advocacy Department(R&PA)December 20241 EUROPEAN UNION The Indian apparel and textile sector stands as a cornerstone of the countrys merchandise exports,reflecting both its heritage and global competitiveness.India aims to achieve USD 40 billion in

2、apparel exports and USD 100 billion in total textile exports by 2030.The European Union is the most prominent market for Indian garment exporters as the country imported USD 186.01 billion worth of garments from the world in the year 2023 out of which India exported USD 4062.28 million holding 28%sh

3、are in its total exports.India ranked 8th and captured 3.17%share in EU total RMG imports in 2023.China continues to be the top exporter to EU,with a market share of 17.77%in 2023.Germany is the largest importer with imports amounting to USD 40.87 billion in 2023.India holds strength in exports of T

4、-shirts of cotton knitted or crocheted(HS 610910),Women or girls dresses of cotton(HS 620442),Shirts of Cotton(HS 620520),Babies garments of Cotton(HS 611120),Women or girls dresses of synthetic fibres(HS 620443)etc.but the demand of EU majorly constitutes Mens and boys trousers of cotton;Jerseys,pu

5、llovers,cardigans and waistcoats of cotton&man-made fibres and Womens or girls trousers of cotton.India is on the weak spot in these garment segments.The EUs RMG imports present significant growth opportunities for India,with products like womens overcoats(HS 621030),mens overcoats(HS 621020),and dr

6、esses of artificial fibers(HS 620444)showing remarkable demand growth but minimal Indian market share.Key competitors such as China,Vietnam,and Bangladesh dominate these categories.To capitalize,India should enhance its product diversification,improve market-specific designs,and strengthen trade rel