The global trade of cotton yarn, containing 85.00 per cent more by weight of cotton, have shown a tremendous fall in the year 2019. Total trade decreased 11.10 per cent from $24,062.80 million in 2017 to $21,391.39 million in 2019, according to data from TexPro. The total trade of cotton yarn declined 14.86 per cent in 2019 over the previous year.
Further, the trade is anticipated to drop to $17,934.61 million in 2022 with a rate of 16.16 per cent from 2019, according to Fibre2Fashion’s market analysis tool TexPro.
The global export of cotton yarn was $12,567.38 million in 2017, which declined 10.10 per cent to $11,298.48 million in 2019. Total exports substantially fell 13.73 per cent in 2019 over the previous year and is expected to move down to $9,631.26 million in 2022 with a rate of 14.76 per cent from 2019.
The global import value of cotton yarn was $11,495.43 million in 2017, which reduced 12.20 per cent to $10,092.91 million in 2019. Total imports fell 16.09 per cent in 2019 over the previous year and is expected to drop to $8,303.34 million in 2022 with a rate of 17.73 per cent from 2019.
India ($2,853.92 million), Vietnam ($2,440.99 million), China ($1,288.89 million) and the US ($1,106.34 million) were the key exporters of cotton yarn across the globe in 2019, together comprising 68.06 per cent of total export. These were followed by Pakistan ($1,013.29 million), Indonesia ($486.15 million) and Turkey ($440.15 million).
From 2016 to 2019, the most notable rate of growth in terms of export value, amongst the main exporting countries, was attained by Vietnam (38.74 per cent) and the US (2.89 per cent).
China ($4,640.10 million) and Turkey ($522.00 million) were the key importers of cotton yarn across the globe in 2019, together comprising 51.15 per cent of total import. These were followed by Italy ($490.59 million), Vietnam ($333.61 million) and South Korea ($320.45 million).
From 2016 to 2019, the most notable rate of growth in terms of import value, amongst the main importing countries, was attained by Turkey (19.22 per cent).
