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Rising global trade of artificial staple fibres

22
Jan '20
Pic: Shutterstock
Pic: Shutterstock
The global trade value of the artificial staple fibres has shown a sharp growth in the recent years. Total trade has moved up by 8.85 per cent in 2018 over the previous year, according to the data from TexPro. The global trade of artificial staple fibres which was $55.37 million in 2017, triggered to $60.28 million in the very next year. 
 
The total trade of artificial staple fibres is anticipated to boost to $70.66 million in 2021 with a CAGR of 5.44 per cent from 2018, according to Fibre2Fashion's market analysis tool TexPro.
 
The global export of artificial staple fibres was $27.91 million in 2016, which was increased by 18.49 per cent to $33.07 million in 2018. Total exports increased by 13.19 per cent in 2018 over the previous year and is expected to reach $42.65 million in 2021 with a CAGR of 8.85 per cent from 2018.
 
The global import of artificial staple fibres was $26.69 million in 2016, which was climbed up by 1.94 per cent to $27.21 million in 2018. Total imports moved up by 4.01 per cent in 2018 over the previous year and is expected to upswing by 2.93 per cent to $28.01 million in 2021 from 2018.
 
China ($8.73 million), Germany ($6.16 million), Austria ($4.38 million), France ($3.77 million) and Italy ($3.47 million) were the key exporters of artificial staple fibres across the globe in 2018, together comprising 80.18 per cent of total export. These were followed by Spain ($2.55 million), Turkey ($1.70 million), US ($0.52 million) and Japan ($0.47 million).
 
From 2013 to 2018, the most notable rate of growth in terms of export, amongst the main exporting countries, was attained by Italy (191.18 per cent) and France (186.53 per cent).
 
Italy ($5.57 million), Honduras ($2.65 million), Czech Republic ($2.46 million), China ($2.39 million) and Bulgaria ($1.80 million) were the key importers of artificial staple fibres across the globe in 2018, together comprising 54.62 per cent of total import. These were distantly followed by Belgium ($1.46 million), Spain ($1.24 million), South Africa ($1.09 million) and Portugal ($0.93 million).
 
From 2013 to 2018, the most notable rate of growth in terms of import, amongst the main importing countries, was attained by the Czech Republic (133.18 per cent), Italy (89.12 per cent) and Bulgaria (145.16 per cent).

Fibre2Fashion News Desk (JL)


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