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Global trade of men's and boy's shirts declined

27
Mar '20
Pic: Shutterstock
Pic: Shutterstock
The global trade of men’s and boy’s shirts (not knitted and crocheted) has been declining since last year. The total trade has dropped 8.44 per cent from 2017 to 2019, according to the data from TexPro. The global trade of men’s and boy’s shirts which was reported to $23,681.50 million in 2017, moved down to $21,683.92 million in 2019.
 
The total trade of men’s and boy’s shirts has reduced 8.85 per cent in 2019 over the previous year and is anticipated to slash to $19,629.57 million in 2022 with a rate of 9.47 per cent from 2019, according to Fibre2Fashion's market analysis tool TexPro.
 
The global export of men’s and boy’s shirts was $10,983.74 million in 2017, which declined 15.37 per cent to $9,295.94 million in 2019. Total exports reduced 12.55 per cent in 2019 over the previous year and is expected to curtail to $7,970.11 million in 2022 with a rate of 14.26 per cent from 2019.
 
The global import value of men’s and boy’s shirts was $12,697.76 million in 2017, which decreased 2.44 per cent to $12,387.97 million in 2019. Total imports cut by 5.86 per cent in 2019 over the previous year and is expected to weaken to $11,659.46 million in 2022 with a rate of 5.88 per cent from 2019.
 
China ($2,288.53 million) India ($993.51 million) and Germany ($646.95 million) were the key exporters of men’s and boy’s shirts across the globe in 2019, together comprising 42.27 per cent of total export. These were followed by Turkey ($530.37 million), Italy ($514.69 million) and Indonesia ($457.97 million).
 
From 2015 to 2019, the most notable rate of growth in terms of export value, amongst the main exporting countries, was attained by Germany (4.21 per cent).
 
US ($3,300.90 million), Germany ($963.17 million), Japan ($900.05 million), UK ($707.59 million) and France ($611.16 million) were the key importers of men’s and boy’s shirts across the globe in 2019, together comprising 52.33 per cent of total import. These were followed by the Spain ($562.21 million), Italy ($496.41 million) and Netherlands ($469.94 million).
 
From 2015 to 2019, the most notable rate of growth in terms of import value, amongst the main importing countries, was not attained by any of the major contributor of the total import.
 

Fibre2Fashion News Desk (JL)


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