Global exports of artificial filament's sewing thread down

14 Aug '20

2 min read

Pic: Shutterstock

The global export of sewing thread of artificial filaments fell 1.83 per cent from $139.49 million in 2017 to $136.93 million in 2019. Total exports slipped 7.91 per cent in 2019 over the previous year and is expected to drop to $133.28 million in 2022. Global import value dropped 22.04 per cent from to $64.83 million in 2019 (2017: $83.16 million).

Total imports plunged 17.98 per cent in 2019 over the previous year and is expected to diminish to $62.78 million in 2022 with a rate of 3.17 per cent from 2019, according to Fibre2Fashion's market analysis tool TexPro.

China ($93.48 million) and Germany ($12.94 million) were the key exporters of sewing thread of artificial filaments across the globe in 2019, together comprising 77.72 per cent of total export. These were followed by Ireland ($6.08 million), South Korea ($2.71 million) and Italy ($2.64 million).

From 2016 to 2019, the most notable rate of growth in terms of export value, amongst the main exporting countries, was attained by Ireland with very high increase in demand.

Pakistan ($7.22 million), UK ($6.56 million), India ($5.88 million) and Myanmar ($5.42 million) were the key importers of sewing thread of artificial filaments the globe in 2019, together comprising 38.69 per cent of total import. These were followed by Ethiopia ($3.11 million), Italy ($2.16 million) and Germany ($1.96 million).

From 2016 to 2019, the most notable rate of growth in terms of import value, amongst the main importing countries, was attained by Myanmar (129.93 per cent) and UK (123.69 per cent).

Fibre2Fashion News Desk (JL)

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