Views:1 Author:Site Editor Publish Time: 2019-10-30 Origin:Site
After registering a decline from 2013 to 2016, the global cotton yarn trade has been growing with a high CAGR (compound annual growth rate) from 2017 onwards. In terms of value, the global cotton yarn export was $10.818 billion in 2016, which increased to $12.105 billion in 2018 with a growth rate of 11.90 per cent, according to data from TexPro.
The overall cotton yarn export moved up by 6.98 per cent in 2018 over the previous year, according to Fibre2Fashion's market analysis tool TexPro. It is anticipated to reach $14.328 billion in 2021 with a CAGR of 5.78 per cent from 2018.