15 Largest Textile Exporting Countries in the World

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In this article, we will be covering the 15 largest textile exporting countries in the world. If you want to skip our detailed analysis of the global textile market, you can go directly to 5 Largest Textile Exporting Countries in the World.

The Global Textile Market: An Analysis

The textile industry is a diverse sector that plays a crucial role in the global economy. It is essential for the fashion, home decor, and industrial sectors. Shaping trends and meeting diverse consumer needs, textiles are essential for clothing, household goods, and various other types of products. The textile industry also preserves cultural traditions and heritage through traditional craftsmanship and unique fabrics and designs. According to a report by The Business Research Company, the global textile market was estimated to have reached a value of $638.03 billion in 2023. Looking forward, the market is expected to grow at a compound annual growth rate (CAGR) of 7% from 2024 to 2028 to reach a value of $903.45 billion by the end of the forecast period. In 2023, the Asia-Pacific region dominated the market.

The adoption of eco-friendly raw materials and innovative production methods are key trends driving growth in the global textile market. Sustainable practices in the textile industry are becoming increasingly important for environmental conservation and ethical production. The demand for natural fibers such as cotton, silk, and wool is rising due to their strength and eco-friendly nature. The rise in e-commerce and the changing trends in the world of clothing and fashion are key factors creating a positive outlook. E-commerce platforms support the sale and distribution of various textile products, contributing significantly to market growth.

Top Companies in the Clothing and Textile Business

Some of the most notable names in the textile and clothing industry include The Gap Inc. (NYSE:GPS), Industria de Diseño Textil, S.A. (BME:ITX), and The TJX Companies, Inc. (NYSE:TJX).

The TJX Companies, Inc. (NYSE:TJX) is an American multinational off-price retailer of apparel and home fashions. It is also one of the most valuable clothing companies in the world. Operating thousands of stores and various e-commerce websites, The TJX Companies, Inc. (NYSE:TJX) has a presence in 9 countries. On February 28, The TJX Companies, Inc. (NYSE:TJX) reported strong earnings for the fiscal fourth quarter of 2024. The company reported earnings per share (EPS) of $1.22, surpassing EPS estimates by $0.1. The company’s revenue for the quarter grew by 13.02% year-over-year and amounted to $16.41 billion, ahead of market consensus by $221.65 million. Here are some comments from The TJX Companies, Inc.’s (NYSE:TJX) Q4 2024 earnings call: