 In 2007, the worldwide denim market equalled US$51.6 billion, with demand growing by 5% and supply growing by 8% annually.Over 50% of denim is produced in Asia, most of it in China, India, Turkey, Pakistan, and Bangladesh.Globally, the denim industry is expected to grow at a CAGR of over 6.5% during 2015 to 2020, with the market value expected to increase from $113 billion to $153 billion.