Due to the epidemic and trade restrictions imposed by various countries and trade organizations, the global yarn trade has been severely impacted in 2020, and will only recover in early 2021. However, due to the new wave of COVID-19 and the Delta variant virus raging in various countries, the global yarn trade declined again in June this year.
At the end of 2020, due to the easing of the epidemic and the implementation of relevant measures, the yarn trade grew; and in the past year, the global demand for textiles and garments has increased suddenly. , also promotes the vigorous development of yarn trade.
As major suppliers and consumer markets of textile yarns in China, Australia, Bangladesh, India, Indonesia, and other Eastern countries are affected by the Delta variant virus, These countries have restarted trade barriers, causing yarn trade to be impacted again in June 2021.
Even though the world is fighting against the epidemic, the average monthly global yarn trade volume in 2020 will remain at the 2019 level (US$2.95 billion). According to Fibre2Fashion’s market analysis tool TexPro, global yarn trade increased in the first half of 2021, with the average monthly trade volume reaching US$3.75 billion, a significant increase of 27% compared with the same period last year.
However, compared with the first half of this year, global yarn trade volume is expected to decline by 17.5% in the second half of the year, to a monthly average of US$3.09 billion.
In the first half of 2021, China, India, Vietnam, Italy, and Indonesia were the top five yarn exporters, with export shares of 25.49%, 10.47%, 10.35%, and 10.35% respectively. 4.48%, 4.19%.
