Published on 28 Mar 2024 on Insider Monkey via Yahoo Finance

Top 20 Textile Importing Countries in 2024

In this article, we will be covering the top 20 textile-importing countries in 2024. If you want to skip our detailed analysis of the global textile market, you can go directly to Top 5 Textile Importing Countries in 2024.

A Look at the Global Textile Market

The global textile sector is a diverse and crucial industry that encompasses the production, processing, and distribution of fibers, yarns, fabrics, and finished textile products. It plays a vital role in clothing, furnishing, and industrial applications, impacting a wide range of industries and shaping consumer trends worldwide. According to a report by Grand View Research, the global textile market was estimated to have reached a value of $1.83 trillion in 2023. Looking forward, the market is expected to grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2030 to reach a value of $3.04 trillion by the end of the forecast period.