Global trade of chenille fabrics moderately declines

13 Jun '20

2 min read

Pic: Shutterstock

The global trade of chenille fabrics has reported a moderate decline in the year 2019. The total trade decreased 5.24 per cent from $1,906.83 million in 2017 to $1,806.84 million in 2019, according to the data from TexPro. The total trade of chenille fabrics has substantially declined 7.67 per cent in 2019 compared to the previous year.

Further it anticipated to drop to $1,670.04 million in 2022 with a rate of 7.57 per cent from 2019, according to Fibre2Fashion's market analysis tool TexPro.

The global export of chenille fabrics was $1,020.51 million in 2017, which fell 8.17 per cent to $937.13 million in 2019. Total exports were down 8.69 per cent in 2019 over the previous year and is expected to move down to $824.66 million in 2022 with a rate of 12.00 per cent from 2019.

The global import value of chenille fabrics was $886.31 million in 2017, which was reduced 1.87 per cent to $869.71 million in 2019. Total imports dropped 6.54 per cent in 2019 over the previous year and is expected to plunge to $845.38 million in 2022 with a rate of 2.80 per cent from 2019.

China ($424.14 million), Turkey ($91.46 million) and Belgium ($56.47 million) were the key exporters of chenille fabrics across the globe in 2019, together comprising 61.04 per cent of total export. These were followed by US ($47.52 million), Vietnam ($46.33 million) and UK ($35.29 million).

US ($165.75 million), Vietnam ($114.69 million) and UK ($92.19 million) were the key importers of chenille fabrics across the globe in 2019, together comprising 42.84 per cent of total import. These were followed by Poland ($53.40 million), Germany ($35.63 million) and Philippines ($31.98 million).

From 2016 to 2019, the most notable rate of growth in terms of export value, amongst the main importing countries, was attained by Vietnam (43.31 per cent) and US (19.78 per cent).

Fibre2Fashion News Desk (JL)

More Textiles News - Global...