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Global denim jeans to reach 4.5bn by 2023

By 2023, it is expected that the size of the market for denim jeans fabrics will reach 4,541 million meters. Between 2018 and 2023, the market is expected to expand at a rate of 4.89 percent annually. In 2018, the market was 3,576 million meters.

Global denim jeans to reach 4,541mn by 2023
Figure: The United States will be the largest market, with India likely to experience the most growth, followed by China and Latin America.

The United States will be the largest market, with India likely to experience the most growth, followed by China and Latin America.

The market was 3,299.36 million meters in 2016. It reached 3,576.68 million meters in 2018, 3,429.93 million meters in 2019, 3,737.21 million meters in 2020, and 4,105.64 million meters in 2021.

It is normal that the market will arrive at 4,313.56 million meters in 2022 and 4,541.05 million meters in 2023, between 2018 and 2023, the average annual growth is expected to be 4.89 percent.

Despite being smaller than China, Latin America, and the United States, India’s market is expected to grow at the fastest rate between 2018 and 2023. India’s market is supposed to arrive at 419.26 million meters in 2023 from 228.39 million meters in 2016. It has the potential to reach 382.49 million meters this year.

The size of the market was predicted to be 349.51 million meters in 2021 and 319.99 million meters in 2020.

The US will stay the biggest market on the planet, yet its normal development will be below the worldwide normal. It could increase by 2.59% between 2018 and 2023, reaching 876.76 million meters by the end of 2023.

China and Latin America may experience average growth rates of 7.31% and 7.34%, respectively. From 354.56 million meters in 2016, Latin America’s market will reach 573.24 million meters in 2023.

From 305.84 million meters in 2016, China may reach 495.51 million meters in 2023.

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