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Fabric for a clothing
The old clothes market is rapidly growing due to the changing lifestyle of consumers and the demand for sustainable lifestyles, and is shifting the consumer focus towards reuse, recycling, and repair. Exporting old or second-hand clothes is on the rise, especially in countries with abundant textile waste and access to quality check facilities. These old clothes can include formal wear, casual wear, shoes, bags, etc.
There are plenty of dedicated markets, showrooms, export houses, and shops that sell old clothes. India leads the market in terms of importing old clothes, followed by Pakistan, Bangladesh, and the United States.
The demand for old or second-hand clothes is high in low to middle-income countries. While finance or income is not the only reason consumers prefer old or second-hand clothes, the rising consciousness of the green environment and sustainability are also contributing factors. Many fashion brands or independent designers have started using old clothes or textile waste material to repurpose the clothes and sell them in the market, which also makes it a great opportunity for old clothes exporters to find the right and relevant old clothes buyers.
The global market outlook for used, old, or second-hand clothes is rapidly increasing. The global market insights are below:
Global Market
HSN Code: 63090000
Global Market Size 2023: US$ $45.3 billion
Expected Market Size 2032: US$ $1266 billion
India Market
Market Size 2023: US$ $3 billion
Expected Size 2032: US$ $9 billion
CAGR: 13.04%
The old clothes business is growing and is expected to have profit margins of 40%-80%, which is an excellent opportunity for exporters. Several other reasons make this a profitable business:
Huge Buyer Base: There is a vast network of importers, wholesalers, distributors, and shops in developing countries. Especially, India has a huge network of wholesale markets for old clothes like Gandhi Nagar market, Chandni Chowk, Chikpet, etc.
Environmental Consciousness in Consumers: Due to the rising trend in consumer preference for sustainable products and practices, businesses are investing in exports and imports of old clothes, which reduces textile waste in landfills.
Low Procurement Cost: The cost of sourcing is next to negligible, are the old clothes are collected through donation centers, thrift stores, export houses, recycling drives, etc.
High Margins: Even after sorting, packing, and transportation costs, exporters can expect huge margins.
There are various methods to find verified old clothes buyers
B2B marketplaces like go4WorldBusiness
Search for buyers on LinkedIn or database companies
Attend trade shows and expo fairs
Exporting old clothes is a booming business and if you are a beginner in this industry, it is a great potential business opportunity. With the technology being in the forefront and the advent of artificial intelligence, selling or exporting old, used, or secondhand clothes online, has become much easier. One may easily rely on B2B marketplaces to find old or used clothes buyers online and continue trading relations with them.
1. Which countries are the top 5 importers of old clothes?
The top five importers along with their shipment count, are:
2. What are the most traded types of old clothes?
3. What documents are required for exporting old clothes?
There are some essential documents required for exporting old clothes if you are new to the market:
4. How to ensure quality before exporting old clothes?
It is important to ensure the quality and grade of old clothes before exporting:
Sort and Grade: Sort the garments and grade them according to the quality and defects of the garment piece. Categorize them into Grade A, B & C based on their condition.
Obtain EIA Certificate: Obtaining an export inspection agency certificate will ensure all international compliance standards are met.
Packaging and Labelling: Ensure proper packaging to avoid any further damage to the products and label the content accurately.
Choose a reliable shipment partner: It is important to choose a reliable shipping partner to ensure smooth transportation to avoid damage of the product, timely delivery, etc.
