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Steep drop in global trade of yarn from coarse animal hair

29
Jan '20
Pic: Shutterstock
Pic: Shutterstock
The global trade value of yarn of coarse animal hair or horsehair has significantly declined between 2016 and 2018. Total trade moved down by 16.47 per cent in 2018 from 2016, according to data from TexPro. The global trade of yarn of coarse animal hair or horsehair was $9.11 million in 2016, which had dropped to $7.61 million in 2018. 
 
The total trade of yarn of coarse animal hair or horsehair is anticipated to slash to $6.61 million in 2021 with a fall of 13.12 per cent from 2018, according to Fibre2Fashion's market analysis tool TexPro.
 
The global export of yarn of coarse animal hair or horsehair was $3.94 million in 2016, which decreased by 9.03 per cent to $3.58 million in 2018. Total exports increased by 16.24 per cent in 2018 over the previous year and is expected to reach $3.37 million in 2021 with a cut of 5.88 per cent from 2018.
 
The global import of yarn of coarse animal hair or horsehair was $5.17 million in 2016, which was lowered by 22.14 per cent to $4.03 million in 2018. Total imports moved down by 13.15 per cent in 2018 over the previous year and is expected to further reduce by 19.56 per cent to $3.24 million in 2021 from 2018.
 
Switzerland ($1.38 million), Germany ($0.59 million), China ($0.44 million), Ecuador ($0.35 million) and Italy ($0.24 million) were the key exporters of yarn of coarse animal hair or horsehair across the globe in 2018, together comprising 83.33 per cent of total export. These were followed by the Netherlands ($0.19 million), Denmark ($0.11 million), Turkey ($0.06 million) and UK ($0.06 million).
 
From 2013 to 2018, the most notable rate of growth in terms of export, amongst the main exporting countries, was attained by Germany (107.92 per cent) and Switzerland (55.92 per cent).
 
Sweden ($1.70 million), Germany ($0.54 million), Italy ($0.43 million) and Norway ($0.26 million) were the key importers of yarn of coarse animal hair or horsehair across the globe in 2018, together comprising 72.41 per cent of total import. These were followed by Japan ($0.20 million), China ($0.18 million), US ($0.11 million) and Slovakia ($0.10 million).
 
From 2013 to 2018, the most notable rate of growth in terms of import, amongst the main importing countries, was attained by Germany (58.42 per cent) and Sweden (25.06 per cent).

Fibre2Fashion News Desk (JL)


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