Home / Knowledge / News / Textiles / Textile exporters target Asia as EU market falters
Textile exporters target Asia as EU market falters
16
May '13
European textile and clothing companies are looking further afield for growth.

The main causes are weak demand in the supply chain and cutbacks by retail buyers and consumers stemming from the eurozone crisis and fiscal tightening by EU governments.

According to the latest data, EU textile and clothing exports to countries outside the European Union increased in value by 6.3% in 2012 whereas exports to other EU countries fell by 2.3%.

In textiles alone EU exports to non-EU countries were up by 2.9% while exports to other EU countries were down by 4.0%. A similar trend is evident in the case of clothing, with exports to countries outside the EU up by a healthy 10.1% but exports to other EU countries down by 1.0%.

There was strong growth in EU clothing exports to a number of emerging markets as EU exporters sought out new customers to offset declines in sales to customers in the EU. Exports to China, for example, were up in value by 33.3%. Exports to Colombia rose by 24.9%, to Macau by 27.6%, to Chile by 29.6%, to South Africa by 30.6%, to Brazil by 34.5% and to Venezuela by 52.2%.

There were also increases in exports to several other nations -- including Russia (up by 10.5%), Japan (up by 17.5%), the United Arab Emirates (UAE) (up by 18.3%), Saudi Arabia (up by 20.4%), South Korea (up by 20.7%), the USA (up by 24.1%) and Australia (up by 54.8%).

EU exporters were helped in 2012 by a 7.6% depreciation of the euro against the US dollar. This made selling abroad easier as many EU firms had the choice of maintaining their dollar prices and increasing their margins -- or cutting their dollar prices without sacrificing margins.

Looking ahead, opportunities for export growth should improve in 2014 as a further depreciation of the euro is predicted for the year.

Textiles Intelligence


Must ReadView All

Textiles | On 20th Aug 2017

PetroVietnam, Vinatex discuss reviving PVTEX plant

Discussions are under way between PetroVietnam and textile and...

Courtesy: Mexx

Fashion | On 20th Aug 2017

RNF acquires Mexx fashion brand

RNF, the Dutch sports and fashion holding, has purchased the global...

Textiles | On 20th Aug 2017

Intertextile Shanghai Home Textiles opens on August 23

Intertextile Shanghai Home Textiles, Asia’s leading platform to meet...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

August 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search