The impact of the pandemic had reduced towards the end of 2020 and measures were
implemented to boost yarn trade. The trade flourished due the sudden rise in demand
for textiles and apparel globally, nearly after a year.
Yarn trade was affected again in June 2021 as leading suppliers and consumers of
the textile yarns such as China, Australia, Bangladesh, India, Indonesia and other
eastern countries reinstated trade barriers due to the spread of the delta variant.
The monthly average of the global yarn trade was $2.95 billion in 2019, which remained
same in 2020 even as the world was grappling with the pandemic. It increased in
the first half of 2021 and reached a monthly average of $3.75 billion, recording
a surge of 27 per cent, according to Fibre2Fashion’s market analysis tool TexPro.
However, the global trade of yarn is expected to decline again by 17.50 per cent
in the second half of this year to a monthly average of $3.09 billion, over the
monthly average in the first half.
In H1 2021, China, India, Vietnam, Italy and Indonesia were the top five exporters
of yarn with exports share of 25.49 per cent, 10.47 per cent, 10.35 per cent, 4.48
per cent and 4.19 per cent, respectively.
Fibre2Fashion News Desk (KD)
| On 28th Jan 2022
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