Global export of knit accessories slightly declines

The global export of knit accessories has slightly dropped 2.99 per cent to $10,055.07 million in 2019 compared to $10,364.50 million in 2017. Total exports declined 10.36 per cent in 2019 over the previous year, according to data from TexPro. Further, the exports are expected to move down to $9,026.94 million in 2022 with a rate of 10.23 per cent from 2019.

 

The global export of knit accessories has slightly dropped 2.99 per cent to $10,055.07 million in 2019 compared to $10,364.50 million in 2017. Total exports declined 10.36 per cent in 2019 over the previous year, according to data from TexPro. Further, the exports are expected to move down to $9,026.94 million in 2022 with a rate of 10.23 per cent from 2019.#

The global import value of knit accessories was $6,102.12 million in 2017, which surged 6.40 per cent to $6,492.61 million in 2019, according to Fibre2Fashion's market analysis tool TexPro. Total imports decreased 0.60 per cent in 2019 over the previous year and is expected to slash to $6,231.07 million in 2022 with a rate of 4.03 per cent from 2019.

 

The global export of knit accessories has slightly dropped 2.99 per cent to $10,055.07 million in 2019 compared to $10,364.50 million in 2017. Total exports declined 10.36 per cent in 2019 over the previous year, according to data from TexPro. Further, the exports are expected to move down to $9,026.94 million in 2022 with a rate of 10.23 per cent from 2019.#

China ($6,464.28 million), US ($363.73 million), Sri Lanka ($335.68 million) and Italy ($307.55 million) were the key exporters of knit accessories across the globe in 2019, together comprising 74.30 per cent of total export. These were followed by Belgium ($256.02 million), Germany ($255.02 million) and Pakistan ($198.29 million).

 

The global export of knit accessories has slightly dropped 2.99 per cent to $10,055.07 million in 2019 compared to $10,364.50 million in 2017. Total exports declined 10.36 per cent in 2019 over the previous year, according to data from TexPro. Further, the exports are expected to move down to $9,026.94 million in 2022 with a rate of 10.23 per cent from 2019.#

From 2015 to 2019, the most notable rate of growth in terms of export value, amongst the main exporting countries, was attained by US (95.50 per cent), China (55.26 per cent) and Sri Lanka (46.15 per cent).

 

The global export of knit accessories has slightly dropped 2.99 per cent to $10,055.07 million in 2019 compared to $10,364.50 million in 2017. Total exports declined 10.36 per cent in 2019 over the previous year, according to data from TexPro. Further, the exports are expected to move down to $9,026.94 million in 2022 with a rate of 10.23 per cent from 2019.#

US ($1,386.41 million), Germany ($551.22 million), Japan ($532.94 million), France ($368.41 million) and UK ($358.84 million) were the key importers of knit accessories in the globe in 2019, together comprising 49.25 per cent of total import. These were followed by Belgium ($264.01 million), Netherlands ($201.45 million) and Russia ($188.84 million).

 

The global export of knit accessories has slightly dropped 2.99 per cent to $10,055.07 million in 2019 compared to $10,364.50 million in 2017. Total exports declined 10.36 per cent in 2019 over the previous year, according to data from TexPro. Further, the exports are expected to move down to $9,026.94 million in 2022 with a rate of 10.23 per cent from 2019.#

From 2015 to 2019, the most notable rate of growth in terms of import value, amongst the main importing countries, was attained by UK (46.50 per cent), France (18.07 per cent) and Germany (12.80 per cent).