The global trade of sewing thread of artificial staple fibres have shown a tremendous drop from 2018 to 2019. Total trade declined 37.25 per cent from $30.45 million in 2017 to $19.11 million in 2019, according to data from TexPro.
The total trade of sewing thread of artificial staple fibres declined 41.93 per cent in 2019 over the previous year.
The trade of sewing thread of artificial staple fibres is further anticipated to fall to $14.61 million in 2022 with a rate of 23.53 per cent from 2019, according to Fibre2Fashion’s market analysis tool TexPro.
The global export of sewing thread of artificial staple fibres was $7.99 million in 2017, which grew 16.92 per cent to $9.34 million in 2019. Total exports decreased 42.52 per cent in 2019 over the previous year and is expected to boost to $11.81 million in 2022 with a rate of 26.43 per cent from 2019.
The global import value of sewing thread of artificial staple fibres was $22.46 million in 2017, which reduced 56.52 per cent to $9.76 million in 2019.
Total imports decreased 41.35 per cent in 2019 over the previous year and is expected to drop further to $2.80 million in 2022 with a rate of 71.33 per cent from 2019.
China ($2.40 million), Spain ($2.38 million) and Sri Lanka ($1.62 million) were the key exporters of sewing thread of artificial staple fibres across the globe in 2019, together comprising 68.44 per cent of total export. These were followed by the US ($0.63 million), Israel ($0.41 million) and Italy ($0.34 million).
From 2016 to 2019, the most notable rate of growth in terms of export value, amongst the main exporting countries, was attained by Sri Lanka (20960.05 per cent) and the Spain (1560.13 per cent).
Sri Lanka ($2.02 million), Thailand ($1.03 million) and Indonesia ($0.96 million) were the key importers of sewing thread of artificial staple fibres across the globe in 2019, together comprising 41.01 per cent of total import. These were followed by Poland ($0.57 million), Guatemala ($0.56 million) and China ($0.47 million).
From 2016 to 2019, the most notable rate of growth in terms of import value, amongst the main importing countries, was attained by Sri Lanka (26182.54 per cent) and Thailand (2795.42 per cent).
