The global export of coats has registered 18.5 per cent growth to $17,750.69 million in 2019 compared to $14,979.30 million in 2017. However, total exports surged 1.38 per cent in 2019 over the previous year, according to data from TexPro. Further the exports is expected to move up to $18,078.44 million in 2022 with a rate of 1.85 per cent from 2019.
The global import value of coats was $17,058.44 million in 2017, which surged 11.66 per cent to $19,047.27 million in 2019, according to Fibre2Fashion's market analysis tool TexPro. Total imports plunged 0.27 per cent in 2019 over the previous year and is expected to increase to $19,791.33 million in 2022 with a rate of 3.91 per cent from 2019.
China ($4,608.93 million), Italy ($1,989.18 million), Vietnam ($1,445.75 million) and Germany ($1,273.27 million) were the key exporters of coats across the globe in 2019, together comprising 52.49 per cent of total export. These were followed by Spain ($953.12 million), France ($642.58 million) and Netherlands ($601.71 million).
From 2016 to 2019, the most notable rate of growth in terms of export value, amongst the main exporting countries, was attained by Germany (70.40 per cent), Italy (47.74 per cent) and Vietnam (17.87 per cent).
US ($2,663.19 million), Germany ($1,898.57 million), Japan ($1,447.74 million), France ($1,232.68 million) and Spain ($1,173.61 million) were the key importers of coats in the globe in 2019, together comprising 44.18 per cent of total import. These were followed by UK ($1,135.52 million), Italy ($964.26 million) and Netherlands ($845.74 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 (27.78 per cent) and Germany (31.10 per cent).
Source:Fibre2Fashion News Desk (JL)