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Exports of woven linen fabrics up with CAGR of 17.96%

Exports of woven linen fabrics up with CAGR of 17.96%

The global trade of woven fabrics of linen has jumped with a CAGR of 16.20 per cent from 2016 to 2018, according to data from TexPro. The global trade of woven fabrics of linen was $2,284.77 million in 2016, which increased to $3,085.18 million in 2018. The total trade of woven fabrics of linen has risen by 32.23 per cent in 2018 over the previous year.

The trade of linen woven fabrics is anticipated to reach $4,859 million in 2021 with a CAGR of 16.20 per cent from 2018, according to Fibre2Fashion’s market analysis tool TexPro.

The global exports of woven fabrics of linen was $1,580.16 million in 2016, which increased by 39.15 per cent to $2,198.84 million in 2018. Total exports moved up by 34.18 per cent in 2018 compared to the previous year and is expected to reach $3,609.38 million in 2021 with a CAGR of 17.96 per cent from 2018.

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The global imports of woven fabrics of linen was $704.61 million in 2016, which grew by 25.79 per cent to $886.33 million in 2018. Total imports rose by 27.64 per cent in 2018 over the previous year and is expected to reach $1,250.46 million in 2021 with a CAGR of 12.16 per cent from 2018.

China ($1,477.21 million), Italy ($171.96 million) and Belgium ($68.76 million) were the key exporters of woven fabrics of linen across the globe in 2018, together comprising 78.13 per cent of total export. These were distantly followed by the UK ($48.93 million), India ($45.53 million), Belarus ($45.49 million) and Spain ($44.33 million).

From 2013 to 2018, the most notable rate of growth in terms of export, amongst the main exporting countries, was attained by China (263.53 per cent) and Italy (222.63 per cent).

The US ($109.35 million), Italy ($80.60 million), South Korea ($52.64 million), China ($42.01 million), Spain ($38.26 million) and UK ($36.34 million) were the key importers of woven fabrics of linen across the globe in 2018, together comprising 40.53 per cent of total import. These were followed by Turkey ($33.90 million), the Netherlands ($30.42 million), Japan ($29.76 million) and France ($29.49 million).

From 2013 to 2018, the most notable rate of growth in terms of import, amongst the main importing countries, was attained by South Korea (693.27per cent) and Italy (36.89 per cent).

 

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