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INDIAN EXPORTS MARKET Textile Fabrics Laminated with Plastics (HS CODE 5903)

Overview

India’s export market for textile fabrics laminated with plastics has shown remarkable growth, with a significant risein demand from key importers. The global market reflects increasing interest in these products, particularly in the USA, UAE, and other emerging markets like Mexico and Nepal. As textile applications expand across industries,India has been able to leverage its competitive advantage of low-cost, high-quality manufacturing to meet thegrowing demand for laminated fabrics. The sector’s compounded annual growth rate (CAGR) of over 13% indicatesstrong global optimism for these textiles.India holds a dominant share of the global market, with the USA being the primary importerof its laminated textiles. The country’s export performance, particularly to the USA,is impressive, showing an extensive market presence. India’s position is furtherstrengthened by increasing exports to the UAE, Mexico, Nepal, and Bangladesh.For continued growth, India could focus on enhancing trade relationshipswith these key importers and diversify product offerings to caterto changing consumer demands, especially ineco-friendly textiles. Furthermore, expandinginto new international markets and boosting p r o d u c t i o n capabilities willprovide India the opportunity tocapture a larger globalshare of the growinglaminatedf a b r i csector.

  03:15 PM, May 09

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