Global trade of clothing accessories declines in 2019


The global export of clothing accessories declined 5.89 per cent from $21,188.61 million in the year 2017 to $19,941.08 million in 2019. Total exports declined 10.07 per cent in 2019 over the previous year, according to data from TexPro. Further, the trade is expected to move up to $21,731.69 million in 2022 with a rate of 8.98 per cent from 2019.

 

The global import value of clothing accessories was $14,199.99 million in 2017, which dropped marginally 1.29 per cent to $14,382.55 million in 2019, according to Fibre2Fashion’s market analysis tool TexPro. Total imports decreased 5.36 per cent in 2019 over the previous year and is expected to increase to $15,252.52 million in 2022 with a rate of 6.05 per cent from 2019.

 

China ($9,764.00 million), Italy ($1,837.83 million) and France ($877.18 million) were the key exporters of clothing accessories across the globe in 2019, together comprising 62.58 per cent of total export. These were followed South Korea ($723.57 million), India ($604.33 million) and Germany ($528.22 million).

 

From 2016 to 2019, the most notable rate of growth in terms of export value, amongst the main exporting countries, was attained by Italy (49.44 per cent) and France (33.68 per cent).

 

US ($2,532.21 million), Japan ($1,070.99 million), Germany ($980.06 million) and France ($961.01 million) were the key importers of clothing accessories in the globe in 2019, together comprising 38.55 per cent of total import. These were followed by Vietnam ($677.62 million), UK ($641.93 million) and Italy ($560.91 million).

 

From 2016 to 2019, the most notable rate of growth in terms of import value, amongst the main importing countries, was attained by France (20.21 per cent).

Fibre2Fashion News Desk (JL)

The global export of clothing accessories declined 5.89 per cent from $21,188.61 million in the year 2017 to $19,941.08 million in 2019. Total exports declined 10.07 per cent in 2019 over the previous year, according to data from TexPro. Further, the trade is expected to move up to $21,731.69 million in 2022 with a rate of 8.98 per cent from 2019.





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