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Global trade of cotton (not carded or combed) declines

29
May '20
Pic: Shutterstock
Pic: Shutterstock
The global trade of cotton (not carded or combed) have shown a slight drop in 2019 after the considerable increase in 2018. Total trade increased 7.71 per cent to $25,613.84 million in 2019 from $23,780.08 million in 2017, according to data from TexPro. The total trade of cotton, not carded or combed declined 3.45 per cent in 2019 over the previous year.
 
The trade is further anticipated to boost to $28,664.78 million in 2022 with a rate of 11.91 per cent from 2019, according to Fibre2Fashion's market analysis tool TexPro.
 
The global export of cotton was $11,665.94 million in 2017, which grew 10.38 per cent to $12,877.12 million in 2019. Total exports decreased 1.66 per cent in 2019 over the previous year and is expected to rise to $14,933.70 million in 2022 with a rate of 15.97 per cent from 2019.
 
The global import value of cotton was $12,114.14 million in 2017, which increased 5.14 per cent to $12,736.71 million in 2019. Total imports decreased 5.20 per cent in 2019 over the previous year and is expected to rise to $13,731.08 million in 2022 with a rate of 7.81 per cent from 2019.
 
China ($2,711.97 million), Vietnam ($2,139.83 million), Bangladesh ($1,666.71 million) and Turkey ($1,250.41 million) were the key exporters of cotton, not carded or combed across the globe in 2019, together comprising 60.33 per cent of total export. These were followed by Indonesia ($1,001.55 million), Pakistan ($982.55 million) and India ($827.01 million).
 
From 2016 to 2019, the most notable rate of growth in terms of export value, amongst the main exporting countries, was attained by China (109.43 per cent) and Bangladesh (72.03 per cent).
 
China ($3,567.23 million), Vietnam ($2,139.83 million), Turkey ($1,594.45 million), India ($1,321.10 million) and Indonesia ($1,117.65 million) were the key importers of cotton, not carded or combed across the globe in 2019, together comprising 76.47 per cent of total import. These were followed by Pakistan ($709.16 million), Thailand ($392.32 million) and Malaysia ($289.64 million).
 
From 2016 to 2019, the most notable rate of growth in terms of import value, amongst the main importing countries, was attained by China (128.47 per cent), Vietnam (50.43 per cent) and India (49.79 per cent).

Fibre2Fashion News Desk (JL)


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