The global trade of cotton gloves, mittens and mits (knitted and crocheted of cotton) have registered a sudden decrease in in the year 2019. However, it is expected to grow in the upcoming period with the outbreak and spread of Covid-19 pandemic. The total trade increased 15.50 per cent from 2017 to 2019, according to data from TexPro.
The global trade of cotton gloves, mittens and mits was $1,572.22 million in 2017, which moved down to $1,328.56 million in 2019.
The total trade of cotton gloves, mittens and mits declined 24.00 per cent in 2019 over the previous year and is anticipated to rise to $1,952.28 million in 2022 with a rate of 46.95 per cent from 2019, according to Fibre2Fashion’s market analysis tool TexPro.
The global export of cotton gloves, mittens and mits was $1,296.76 million in 2017, which curtailed 18.02 per cent to $1,063.14 million in 2019. Total exports fell 27.23 per cent in 2019 over the previous year and is expected to grow to $1,493.63 million in 2022 with a rate of 40.49 per cent from 2019.
The global import value of cotton gloves, mittens and mits was $275.46 million in 2017, which reduced 3.64 per cent to $265.42 million in 2019. Total imports decreased 7.57 per cent in 2019 over the previous year and is expected to blown-up to $458.65 million in 2022 with a rate of 72.80 per cent from 2019.
China ($973.81 million) and Pakistan ($33.65 million) were the key exporters of cotton gloves, mittens and mits across the globe in 2019, together comprising 94.76 per cent of total export. These were followed by Mexico ($9.60 million), Germany ($4.74 million) and South Korea ($4.68 million).
US ($48.82 million), Japan ($44.13 million), South Korea ($24.95 million) and Germany ($21.65 million) were the key importers of cotton gloves, mittens and mits across the globe in 2019, together comprising 52.58 per cent of total import. These were followed by Canada ($13.13 million), Russia ($10.01 million) and Taiwan ($9.00 million).
Source: https://www.wtin.com/