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GLOBAL EXPORT Textile fabrics impregnated, coated, covered or laminated with plastics (HS Code 5903) (USD in Million)
GLOBAL EXPORT Textile fabrics impregnated, coated, covered or laminated with plastics (HS Code 5903) (USD in Million)
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Overview: A vast and intricate network of intermediaries plays acrucial role in the flow of PVC coated fabrics acrossIndia. This includes specialized dealers and wholesalersstrategically located in major urban centers such asDelhi, Mumbai, Ahmedabad, Bangalore, and Chennai,ensuring widespread availability.India’s total exports of HS Code 5903 fabrics haveshown a healthy increase, growing from $211.1 million in2020 to $306.5 million in 2024, achieving a CompoundAnnual Growth Rate (CAGR) of 9.8%. This signifiesIndia’s growing capability and presence in the globalmarket for these specialized textiles.There was a dip in exports in 2022 ($212.2 million)after a peak in 2021 ($277.1 million). However, exportsrecovered strongly in 2023 and 2024, demonstratingresilience and increasing demand for Indian products.This fluctuation could be attributed to global economicconditions, supply chain issues, or shifts in demandfrom key markets. India is demonstrating significantpotential in exporting these specialized textile fabrics,with a healthy overall growth rate.While the US dominates, the strong growth in Canadaand the impressive surge in Mexico opportunities fordiversification and expanding India’s export base inNorth America. The dips in 2022 for overall exports andspecifically to the US and Mexico underscore how globaleconomic conditions and supply chain dynamics caninfluence India’s export performance in this sector. Thegrowing exports of these coated fabrics reflect India’sincreasing focus and capabilities in the technical textilesector, a high-value segment of the textile industry.

10:55 AM, Oct 17

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