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Global felt exports rising at modest rate: TexPro

24
Jan '20
Pic: Shutterstock
Pic: Shutterstock
The global trade value of felt (whether or not impregnated, coated, covered or laminated) has shown a modest rise in the recent years. Total trade moved up by 4.08 per cent in 2018 over the previous year, according to data from TexPro. The global trade of felt was $2,568.92 million in 2017, which triggered to $2,673.84 million in 2018. 
 
The total trade of felt is anticipated to boost to $3,116.88 million in 2021 with a CAGR of 5.24 per cent from 2018, according to Fibre2Fashion's market analysis tool TexPro.
 
The global export of felt was $1,300.99 million in 2016, which had increased by 8.34 per cent to $1,409.51 million in 2018. Total exports increased by 3.29 per cent in 2018 over the previous year and is expected to reach $1,589.50 million in 2021 with a CAGR of 4.09 per cent from 2018.
 
The global import of felt was $1,114.64 million in 2016, which had climbed up by 13.43 per cent to $1,264.32 million in 2018. Total imports moved up by 4.98 per cent in 2018 over the previous year and is expected to grow with a CAGR of 6.50 per cent to $1,527.38 million in 2021 from 2018.
 
Germany ($257.95 million), Italy ($211.96 million), China ($174.52 million), US ($127.59 million) and UK ($95.14 million) were the key exporters of felt across the globe in 2018, together comprising 61.52 per cent of total export. These were followed by Spain ($73.55 million), France ($45.19 million), Turkey ($42.33 million) and South Korea ($40.32 million).
 
From 2013 to 2018, the most notable rate of growth in terms of export, amongst the main exporting countries, was attained by Italy (73.44 per cent) and Germany (23.00 per cent).
 
US ($110.12 million), Poland ($95.55 million), Mexico ($76.04 million), Germany ($69.86 million), China ($66.09 million) and the Czech Republic ($63.01 million) were the key importers of felt across the globe in 2018, together comprising 38.02 per cent of total import. These were distantly followed by Italy ($55.74 million), UK ($55.52 million) and Spain ($53.48 million).
 
From 2013 to 2018, the most notable rate of growth in terms of import, amongst the main importing countries, was attained by Poland (140.70 per cent), US (45.48 per cent) and Mexico (34.93 per cent).

Fibre2Fashion News Desk (JL)

This according to Fibre2Fashion's Market Intelligence Tool - TexPro

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