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Developing nations importing more metallised yarn

07
Oct '19
Pic: Shutterstock
Pic: Shutterstock
A trend of increasing import of metallised yarn by developing nations like Pakistan, India, Sri Lanka and Turkey is being observed, according to data of last two years. Global metallised yarn import increased from $197.39 million in 2017 to $203.58 million in 2018 with a CAGR of 3.13 per cent, and is anticipated to reach $219.55 million in 2021.

In terms of volume, the global metallised yarn import was 20.65 thousand tonnes in 2017 and increased to 21.60 thousand tonnes in 2018 with the growth rate of 4.62 per cent. It is expected to stand at 21.18 thousand tonnes in 2021 with a drop of 1.96 per cent from 2018, according to Fibre2Fashion's market analysis tool TexPro.

In 2018, Pakistan (10.88 thousand tonnes), Italy (1.48 thousand tonnes), Morocco (1.08 thousand tonnes) and Turkey (0.86 thousand tonnes) were the key importers of metallised yarn across the globe, together comprising 66.26 per cent of total imports.

From 2013 to 2018, the most notable rate of growth in terms of volume of import, amongst the main importing countries, was attained by Pakistan (537.61 per cent).

In value terms, Pakistan ($1.195 billion), Italy ($557.19 million), France ($551.68 million), India ($473.08 million) and Sri Lanka ($357.40 million) were the key importers of metallised yarn across the globe in 2018, together comprising 45.09 per cent of total import. These were followed by China ($9.62 million), US ($8.15 million), Germany ($7.13 million) and Morocco (US$ 6.70 million).

From 2013 to 2018, the most notable rate of growth in terms of value of import, amongst the main importing countries, was attained by Pakistan (241.49 per cent), India (226.75 per cent), Sri Lanka (184.77 per cent) and Italy (per cent 34.59).

Fibre2Fashion News Desk (RKS)


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