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Global trade of baby's garments slightly declined

15
Jan '20
Pic: Shutterstock
Pic: Shutterstock
The global trade of baby’s garments and clothing accessories (not knitted or crocheted) has shown a slight decline in recent years. Total trade slashed by 0.07 per cent in 2018 over the previous year, according to data from TexPro. The global trade of baby’s garments and accessories was $4,761.20 million in 2017, which dropped to $4,758.10 million in 2018.

The total trade of baby’s garments and accessories is anticipated to move down to $4,599.00 million in 2021 with a drop of 3.34 per cent from 2018, according to Fibre2Fashion's market analysis tool TexPro.

The global export of baby’s garments and accessories was $2,060.53 million in 2016, which lowered by 1.15 per cent to $2,036.89 million in 2018. Total exports decreased by 2.33 per cent in 2018 over the previous year and is expected to reach $2,001.93 million in 2021 with a down of 1.72 per cent from 2018.

The global import of baby’s garments and accessories was $2,807.25 million in 2016, which curbed by 3.06 per cent to $2,721.21 million in 2018. Total imports moved up by 1.70 per cent in 2018 over the previous year and is expected to cut by 4.56 per cent to $2,597.07 million in 2021 from 2018.

China ($534.77 million), Spain ($266.48 million), India ($257.29 million), Italy ($132.58 million) and Poland ($118.90 million) were the key exporters of baby’s garments and accessories across the globe in 2018, together comprising 64.31 per cent of total export. These were followed by the UK ($100.02 million), France ($78.53 million), Germany ($71.15 million) and Turkey ($68.65 million).

From 2013 to 2018, the most notable rate of growth in terms of export, amongst the main exporting countries, was attained by the Spain (150.42 per cent), Italy (66.08 per cent) and Poland (337.32 per cent).

Spain ($404.51 million), US ($403.97 million), UK ($311.33 million), France ($215.96 million), Germany ($185.26 million) and Italy ($181.30 million) were the key importers of baby’s garments and accessories across the globe in 2018, together comprising 62.56 per cent of total import. These were distantly followed by Poland ($134.39 million), Netherlands ($92.59 million), Japan ($52.88 million) and Russia ($42.73 million).

From 2013 to 2018, the most notable rate of growth in terms of import, amongst the main importing countries, was attained by Spain (170.11 per cent), UK (87.46 per cent) and Germany (34.44 per cent).

Fibre2Fashion News Desk (JL)


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