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Global exports of worn clothing and worn articles decline

19
Mar '20
Pic: Shutterstock
Pic: Shutterstock
The global trade of the worn clothing and other worn articles has been declining since last year. The total trade has dropped by 6.92 per cent from 2017 to 2019, according to the data from TexPro. The global trade of the worn clothing and other worn articles was $7,656.65 million in 2017, which moved down to $7,126.98 million in 2019. 
 
The total trade of worn clothing and other worn articles has reduced by 12.34 per cent in 2019 over the previous year and is anticipated to slash to $6,415.79 million in 2022 with a rate of 9.98 per cent from 2019, according to Fibre2Fashion's market analysis tool TexPro.
 
The global export of worn clothing and other worn articles was $4,853.56 million in 2017, which declined by 7.10 per cent to $4,508.77 million in 2019. Total exports diminished by 10.07 per cent in 2019 over the previous year and is expected to curtail to $3,989.07 million in 2022 with a rate of 11.53 per cent from 2019.
 
The global import value of worn clothing and other worn articles was $2,803.10 million in 2017, which decreased 6.60 per cent to $2,618.22 million in 2019. Total imports cut by 15.99 per cent in 2019 over the previous year and is expected to weaken to $2,426.72 million in 2022 with a rate of 7.31 per cent from 2019.
 
UK ($849.20 million), US ($669.33 million), Germany ($338.89 million), South Korea ($337.04 million) and China ($335.42 million) were the key exporters of worn clothing and other worn articles across the globe in 2019, together comprising 56.11 per cent of total export. These were followed by Poland ($276.94 million), Italy ($192.59 million) and the Netherlands ($182.75 million).
 
From 2015 to 2019, the most notable rate of growth in terms of export value, amongst the main exporting countries, was attained by UK (83.67 per cent) and China (18.30 per cent).
 
Pakistan ($268.81 million), Ukraine ($176.09 million), Kenya ($172.22 million) and Poland ($155.42 million) were the key importers of worn clothing and other worn articles across the globe in 2019, together comprising 29.51 per cent of total import. These were followed by Russia ($122.64 million), Guatemala ($121.51 million) and the UK ($118.96 million).
 
From 2015 to 2019, the most notable rate of growth in terms of import value, amongst the main importing countries, was attained by Ukraine (80.80 per cent) and Kenya (70.39 per cent).

Fibre2Fashion News Desk (JL)


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