The global trade of cotton woven fabrics has been declining since 2013 with a considerable CAGR (compound annual growth rate), according to data from TexPro. The global trade of cotton woven fabrics was $26.93 billion in 2016 and dropped to $26.60 billion in 2018 declining by 1.23 per cent, according to Fibre2Fashion’s market analysis tool TexPro.
The total trade slipped by 0.04 per cent in 2018 over the previous year. It is anticipated to reach $26.11 billion in 2021 with a CAGR of 0.62 per cent from 2018.
In value terms, China ($13.53 billion), Pakistan ($2.18 billion), India ($1.83 billion), and Italy ($1.17 billion) were the key exporters of cotton woven fabrics across the globe in 2018, together comprising 70.35 per cent of total export. These were followed by Turkey ($0.98 billion), Hong Kong ($0.82 billion), and Germany ($0.74 billion).
From 2013 to 2018, the most notable rate of growth in terms of export, amongst the main exporting countries, was attained by India (8.50 per cent).
In value terms, China ($864.50 million), Indonesia ($849.08 million), Hong Kong ($754.37 million), US ($740.49 million), Italy ($698.01 million) and Germany ($575.92 million) were the key importers of cotton woven fabrics across the globe in 2018, together comprising 34.68 per cent of total import. These were followed by Mexico ($395.12 million), Sri Lanka ($387.28 million) and Turkey ($332.65 million).
From 2013 to 2018, the most notable rate of growth in terms of import, amongst the main importing countries, was attained by Mexico (3.06 per cent) and Sri Lanka (27.03 per cent).