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Global exports of knotted nets of manmade materials down

03
Jul '20
Pic: Shutterstock
Pic: Shutterstock
The global trade of knotted netting of twine, cordage, or rope (including made up fishing nets and other made up nets) of manmade textile materials has reported a slight decline in the year 2019. The total trade moderately increased 5.11 per cent from $1,391.51 million in 2017 to $1,462.67 million in 2019, according to data from TexPro.
 
The total trade of knotted netting of twine, cordage or rope of manmade textile materials fell 2.40 per cent in 2019 over the previous year and is anticipated to surge to $1,577.65 million in 2022 with a rate of 7.86 per cent from 2019, according to Fibre2Fashion's market analysis tool TexPro.
 
The global export of knotted netting of twine, cordage or rope of manmade textile materials was $853.14 million in 2017, which was climbed by 6.19 per cent to $912.07 million in 2019. Total exports diminished by 0.65 per cent in 2019 over the previous year and is expected to move up to $1,008.20 million in 2022 with a rate of 10.54 per cent from 2019.
 
The global import value of knotted netting of twine, cordage or rope of manmade textile materials was $538.37 million in 2017, which was improved by 2.27 per cent to $550.60 million in 2019. Total imports depressed by 5.18 per cent in 2019 over the previous year and is expected to grow to $569.45 million in 2022 with a rate of 3.42 per cent from 2019.
 
China ($346.22 million), Thailand ($100.61 million) and India ($63.55 million) were the key exporters of knotted netting of twine, cordage, or rope of manmade textile materials across the globe in 2019, together comprising 55.96 per cent of total export. These were followed by Spain ($50.90 million), South Korea ($45.79 million) and Vietnam ($37.39 million).
 
From 2016 to 2019, the most notable rate of growth in terms of export value, amongst the main exporting countries, was attained by India only.
 
South Korea ($64.55 million), Vietnam ($49.66 million) and Norway ($42.31 million) were the key importers of knotted netting of twine, cordage, or rope of manmade textile materials across the globe in 2019, together comprising 28.43 per cent of total import. These were followed by Myanmar ($31.53 million), Malaysia ($27.61 million) and Spain ($24.35 million).
 
From 2016 to 2019, the most notable rate of growth in terms of export value, amongst the main importing countries, was attained by South Korea and Norway.

Fibre2Fashion News Desk (JL)


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