Industry And Cluster | News & Insights

Global trade of ensembles expected grow slightly.

Published: October 10, 2020
Author: TEXTILE VALUE CHAIN

The global export of ensembles reported 1.07 per cent decline to $4,542.06 million in the year 2019 from $4,591.18 million in 2017. Total exports moved down 5.93 per cent in 2019 compared to the previous year, according to data from TexPro. However, exports is further expected to rise to $4,568.38 million in 2022 with a rate of 0.58 per cent from 2019.

The global import value of ensembles was $1,249.97 million in 2017, which grew 3.45 per cent to $1,293.14 million in 2019. Total imports decreased 3.99 per cent in 2019 over the previous year and is expected to increase to $1,328.61 million in 2022 with a rate of 2.74 per cent from 2019.

Pakistan ($1,726.80 million), China ($1,341.73 million), Italy ($327.14 million) and India ($264.09 million) were the key exporters of ensembles across the globe in 2019, together comprising 80.57 per cent of total export. These were followed by Turkey ($199.29 million), France ($73.87 million) and UK ($40.87 million).

From 2016 to 2019, the most notable rate of growth in terms of export value, amongst the main exporting countries, was attained by Pakistan (522.68 per cent).

France ($86.02 million), Italy ($83.19 million), Netherlands ($81.60 million) and UK ($72.64 million) were the key importers of ensembles in the globe in 2019, together comprising 25.01 per cent of total import. These were followed by Japan ($63.75 million), Vietnam ($56.66 million) and Russia ($51.15 million).

From 2016 to 2019, the most notable rate of growth in terms of import value, amongst the main importing countries, was attained by Netherlands (179.48 per cent) and France (7.14 per cent).

Related Posts

‘A-AI’ Based MomGPT Took Over RISE’s Social Media During a Mother’s Day Campaign

GLOBAL TEXTILE MACHINERY MARKET REPORT GROWTH INSIGHT DEEP RESEARCH & SEGMENT ANALYSIS