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Global trade of track suits and swimwear slightly down

25
Mar '20
Pic: Shutterstock
Pic: Shutterstock
The global trade of track suits, ski suits and swimwear, and other garments (not knitted and crocheted) has reduced last year. Total trade grew 4.51 per cent from 2017 to 2019, according to data from TexPro. The global trade of track suits, ski suits and swimwear, and other garments was $22,571.35 million in 2017, which rose to $23,589.47 million in 2019. 
 
The total trade of track suits, ski suits and swimwear, and other garments has reduced 1.64 per cent in 2019 over the previous year and is anticipated to increase to $25,220.13 million in 2022 with a rate of 6.19 per cent from 2019, according to Fibre2Fashion's market analysis tool TexPro.
 
The global export of track suits, ski suits and swimwear, and other garments was $11,893.52 million in 2017, which surged 2.65 per cent to $12,208.40 million in 2019. Total exports slightly diminished1.66 per cent in 2019 over the previous year and is expected to boost to $12,696.41 million in 2022 with a rate of 4.00 per cent from 2019.
 
The global import value of track suits, ski suits and swimwear, and other garments was $10,677.83 million in 2017, which escalated 6.59 per cent to $11,381.07 million in 2019. Total imports cut by 1.61 per cent in 2019 over the previous year and is expected to soar to $12,523.72 million in 2022 with a rate of 10.04 per cent from 2019.
 
China ($4,943.61 million), Italy ($1,353.34 million), India ($1,085.50 million) and France ($827.01 million) were the key exporters of track suits, ski suits and swimwear, and other garments across the globe in 2019, together comprising 67.24 per cent of total export. These were followed by Spain ($539.66 million), UK ($396.57 million) and Germany ($370.79 million).
 
From 2015 to 2019, the most notable rate of growth in terms of export value, amongst the main exporting countries, was attained by Italy (52.22 per cent) and China (23.55 per cent).
 
US ($2,616.34 million), Japan ($1,172.29 million), UK ($889.21 million) and France ($728.95 million) were the key importers of track suits, ski suits and swimwear, and other garments across the globe in 2019, together comprising 47.51 per cent of total import. These were followed by Spain ($670.17 million), Germany ($598.50 million) and South Korea ($562.33 million).
 
From 2015 to 2019, the most notable rate of growth in terms of import value, amongst the main importing countries, was attained by UK (87.86 per cent) and Japan (15.07 per cent).

Fibre2Fashion News Desk (JL)


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