Global trade of knitted dresses grows marginally

29
Dec '20
Pic: Shutterstock
The global export of knitted dresses has increased 3.38 per cent to $8,820.67 million in 2019 from $8,532.32 million in 2017. Total exports raised 2.07 per cent in 2019 over the previous year. However, the export is expected to drop to $8,458.40 million in 2022 with a rate of 4.11 per cent from 2019, according to Fibre2Fashion's market analysis tool TexPro.
 
The global import value of knitted dresses was $8,705.52 million in 2017, which improved 6.69 per cent to $9,287.52 million in 2019. Total imports were up 2.01 per cent in 2019 over the previous year and is expected to plunge to $8,906.08 million in 2022 with a rate of 4.11 per cent from 2019.
 
China ($2,934.57 million), Germany ($766.95 million), Turkey ($650.05 million) and Italy ($462.74 million) were the key exporters of knitted dresses across the globe in 2019, together comprising 54.58 per cent of total export. These were followed by Spain ($432.99 million), Hong Kong ($408.82 million) and UK ($372.43 million).
 
From 2015 to 2019, the most notable rate of growth in terms of export value, amongst the main exporting countries, was attained by Germany (118.38 per cent), Turkey (20.65 per cent) and Italy (17.38 per cent).
 
US ($1,963.92 million), Germany ($948.31 million), UK ($703.38 million), Japan ($552.68 million) and Spain ($517.21 million) were the key importers of knitted dresses in the globe in 2019, together comprising 50.45 per cent of total import. These were followed by Netherlands ($496.50 million), France ($468.12 million), and Hong Kong ($341.59 million).
 
From 2015 to 2019, the most notable rate of growth in terms of import value, amongst the main importing countries, was attained by Germany (46.63 per cent), Spain (41.91 per cent) and UK (8.73 per cent).

Fibre2Fashion News Desk (JL)


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