Home / Knowledge / News / Textiles / Global exports of cotton yarn drops 13.7% in 2019

Global exports of cotton yarn drops 13.7% in 2019

05
Jun '20
Pic: Shutterstock
Pic: Shutterstock
The global trade of cotton yarn, containing 85.00 per cent more by weight of cotton, have shown a tremendous fall in the year 2019. Total trade decreased 11.10 per cent from $24,062.80 million in 2017 to $21,391.39 million in 2019, according to data from TexPro. The total trade of cotton yarn declined 14.86 per cent in 2019 over the previous year.
 
Further the trade is anticipated to drop to $17,934.61 million in 2022 with a rate of 16.16 per cent from 2019, according to Fibre2Fashion's market analysis tool TexPro.
 
The global export of cotton yarn was $12,567.38 million in 2017, which declined 10.10 per cent to $11,298.48 million in 2019. Total exports substantially fell 13.73 per cent in 2019 over the previous year and is expected to move down to $9,631.26 million in 2022 with a rate of 14.76 per cent from 2019.
 
The global import value of cotton yarn was $11,495.43 million in 2017, which reduced 12.20 per cent to $10,092.91 million in 2019. Total imports fell 16.09 per cent in 2019 over the previous year and is expected to drop to $8,303.34 million in 2022 with a rate of 17.73 per cent from 2019.
 
India ($2,853.92 million), Vietnam ($2,440.99 million), China ($1,288.89 million) and the US ($1,106.34 million) were the key exporters of cotton yarn across the globe in 2019, together comprising 68.06 per cent of total export. These were followed by Pakistan ($1,013.29 million), Indonesia ($486.15 million) and Turkey ($440.15 million).
 
From 2016 to 2019, the most notable rate of growth in terms of export value, amongst the main exporting countries, was attained by Vietnam (38.74 per cent) and the US (2.89 per cent).
 
China ($4,640.10 million) and Turkey ($522.00 million) were the key importers of cotton yarn across the globe in 2019, together comprising 51.15 per cent of total import. These were followed by Italy ($490.59 million), Vietnam ($333.61 million) and South Korea ($320.45 million).
 
From 2016 to 2019, the most notable rate of growth in terms of import value, amongst the main importing countries, was attained by Turkey (19.22 per cent).

Fibre2Fashion News Desk (JL)


Must ReadView All

Pic: Shutterstock

Textiles | On 15th Jun 2021

Australia, UK agree on broad terms of trade deal

Prime Ministers Scott Morrison and Boris Johnson have agreed in...

Pic: Shutterstock

Textiles | On 15th Jun 2021

Germany passes law on corporate due diligence in rights, environment

The German parliament passed a law last week that warrants large and...

Pic: Azamat Imanaliev / Shutterstock.com

Apparel/Garments | On 15th Jun 2021

Prime Content| Revenue, profits of major garment firms in China rise in Jan-April

Revenue, profits, output, online retail sales and exports of major...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Tech in fashion industry has hit acceleration button

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Textile Industry, Head honchos

Textile Industry
Head honchos

Wearables have very limited reach

Andrea Pelissero,

Andrea Pelissero

Located near Milan, Italy, and with 50 years of experience in the textile...

Rajat Kapoor,

Rajat Kapoor

Seraphine is a British maternity brand providing affordable luxury fashion ...

Rishav Bajoria & Subham Sengupta,

Rishav Bajoria & Subham Sengupta

Launched in October 2020, the Gumti app could not have come at a more...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

Web Industries is a precision formatter of nonwoven materials used in baby ...

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

Ruma Devi is a jet-setting promoter of artisans who has empowered...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search