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Global trade of knotted netting declines by 2.44%

  

Latest data from TexPro revealed that the global trade of knotted netting of twine, cordage, or rope of manmade textile materials has reported a slight decline in the year 2019.

The total trade of knotted netting of twine, cordage or rope of manmade textile materials fell 2.40 per cent in 2019 over the previous year and is anticipated to surge to $1,577.65 million in 2022 with a rate of 7.86 per cent from 2019.

The global export of knotted netting of twine, cordage or rope of manmade textile materials was $853.14 million in 2017, which was climbed by 6.19 per cent to $912.07 million in 2019. Total exports diminished by 0.65 per cent in 2019 over the previous year and is expected to move up to $1,008.20 million in 2022 with a rate of 10.54 per cent from 2019.

The global import value of knotted netting of twine, cordage or rope of manmade textile materials was $538.37 million in 2017, which was improved by 2.27 per cent to $550.60 million in 2019. Total imports depressed by 5.18 per cent in 2019 over the previous year and is expected to grow to $569.45 million in 2022 with a rate of 3.42 per cent from 2019.

China, Thailand and India ($63.55 million) were the key exporters of knotted netting of twine, cordage, or rope of manmade textile materials across the globe in 2019, together comprising 55.96 per cent of total export. These were followed by Spain, South Korea and Vietnam.

 
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