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Greek textile sector performance improves in H1 2013
07
Oct '13
The performance of the Greek textile and apparel industry improved during the first half of 2013 compared to the corresponding period of last year, according to the data released by the Hellenic Fashion Industry Association (APR).
 
From January to June 2013, textile sub-sector production declined by 10.9 percent year-on-year, but it was better than the 17.9 percent year-on-year dip registered during the corresponding period of 2012.  Similarly, garment sector production increased 2.4 percent year-on-year, as against a drop of 16.8 percent year-on-year in 2012.
 
The textile sub-sector’s turnover fell 2.2 percent year-on-year during the six-month period, while the clothing sector turnover registered a marginal growth of 0.1 percent compared to a dip of 17.8 percent year-on-year in the corresponding period of 2012.
 
The turnover of enterprises serving the Greek domestic market fell 2.5 percent year-on-year in textiles and 1.7 percent in clothing, APR data showed.
 
In the domestic market, new orders rose by 0.1 percent year-on-year in textiles during the six-month period, whereas they increased by 2.3 percent year-on-year in garments.
 
On the export front, textile exports from Greece during January to June 2013 period remained at the same level as in 2012 at €196.2 million.
 
Apparel exports during the same period grew by 1.4 percent year-on-year to €257 million, compared to a fall of 12.4 percent year-on-year recorded during the first half of 2012. The increase in clothing exports was mainly due to the increase in exports of knitted garments, which rose by 5.5 percent year-on-year, while woven garment exports fell 9.8 percent year-on-year.
 
The imports of textiles by Greece decreased by 8.6 percent year-on-year from January to June 2013, while clothing imports dropped 7.4 percent year-on-year.
 
Retail clothing sales declined by 5.8 percent year-on-year in Greece, which was much lower than the 22.6 percent year-on-year decline observed during the corresponding period in 2012. Since the beginning of the economic crisis, the retail sales of clothing have fallen by more than 50 percent in Greece, according to APR.
 

Fibre2fashion News Desk - India


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