Sharp rise in global trade of carded wool woven fabrics

28 Jan '20
2 min read
Pic: Shutterstock
Pic: Shutterstock

The global trade value of woven fabrics of carded wool (or of carded fine animal hair) has shown a sharp rise in 2018. Total trade moved up by 7.98 per cent in 2018 over the previous year, according to data from TexPro. The global trade of woven fabrics of carded wool was $2,074.47 million in 2017, which triggered to $2,239.94 million in 2018. 
 
The total trade of woven fabrics of carded wool is anticipated to boost to $2,433.17 million in 2021 with a CAGR of 2.80 per cent from 2018, according to Fibre2Fashion's market analysis tool TexPro.
 
The global export of woven fabrics of carded wool was $1,255.29 million in 2016, which was increased by 2.98 per cent to $1,292.74 million in 2018. Total exports increased by 8.61 per cent in 2018 over the previous year and is expected to reach $1,351.03 million in 2021 with a CAGR of 1.48 per cent from 2018.
 
The global import of woven fabrics of carded wool was $866.72 million in 2016, which was climbed up by 9.29 per cent to $947.20 million in 2018. Total imports moved up by 7.12 per cent in 2018 over the previous year and is expected to upswing with CAGR of 4.54 per cent to $1,082.14 million in 2021 from 2018.
 
Italy ($502.49 million), China ($290.31 million), UK ($107.59 million) and Japan ($71.59 million) were the key exporters of woven fabrics of carded wool across the globe in 2018, together comprising 75.19 per cent of total export. These were followed by Germany ($43.58 million), Spain ($42.33 million), Denmark ($36.00 million) and France ($23.29 million).
 
From 2013 to 2018, the most notable rate of growth in terms of export, amongst the main exporting countries, was attained by China (55.16 per cent) and Japan (19.86 per cent).
 
China ($95.97 million), Romania ($63.25 million), France ($62.58 million) and Morocco ($53.07 million) were the key importers of woven fabrics of carded wool across the globe in 2018, together comprising 29.02 per cent of total import. These were followed by the Spain ($46.80 million), Germany ($45.59 million), South Korea ($45.23 million) and US ($36.57 million).
 
From 2013 to 2018, the most notable rate of growth in terms of import, amongst the main importing countries, was attained by Morocco (119.56 per cent), Romania (17.53 per cent) and China (11.23 per cent).

Fibre2Fashion News Desk (JL)

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