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Ten countries account for 83% of all textile imports in to EU
15
Aug '08
The 27 member European Union is the second biggest buyer of textiles goods after the US. Imports of the same amounted to €17610 million in 2004, €18070 million in 2005, €19860 million in 2006 and €20850 million in 2007. In comparison to 2004, shipments in to EU posted a growth of 18.4 percent in 2007.

As in case of exports to the US, China emerged as the biggest exporter of textiles to the Union with a market share of 26.0 percent. It exported goods worth €5420 million in 2007. When compared with figures of 2004, China commanded a growth rate of a mind boggling 66.9 percent in 2007.

China was followed by Turkey with shipments of textiles totaling €3250 million in 2004, €3320 million in 2005, €3670 million in 2006 and finally €3810 million in 2007. Turkey has a market share of 18.3 percent in 2007 among all countries exporting to the EU and a 20.7 percent growth in contrast to figures of 2004.

India with exports of €1910 million in 2004, €2020 million in 2005, €2210 million in 2006 and €2380 million in 2007 came at third place in ranking among the exporting nations. Growth rate in 2007 when compared with 2007 reached 21.2 just 0.5 percent above that of Turkey and held a market share of 11.5 percent.

The other notable country with substantial exports is Pakistan. The country shipped textiles worth €1410 million, €1240 million, €1390 million and €1540 million in 2004, 2005, 2006 and 2007 respectively. Growth over 2002 in 2007 is 9.4 percent and has a weightage of 7.4 percent amongst all goods from amid textile exporting countries to the EU.

There were only 3 exceptions to the positive growth registered by the top ten countries exporting to the EU in 2007 when compared with figures of 2004. Switzerland, South Korea and Taiwan are the only three countries of note, who have posted negative growth rates.

Switzerland witnessed its exports dipping from €1010 million in 2004 to €935 million in 2005, rising to a marginal €942 million in 2006 and again ascended to €980 million in 2007, but nevertheless posted a negative growth of 3.2 percent in 2007, when corresponding with figures of 2004.

Taiwan is the other country among the top ten to record de-growth in 2007 in comparison to 2004. Exports from Taiwan touched €442 million in 2004, ascended to €487 million in 2005, further rose to €522 million in 2006, but slipped back to levels below that of 2004 to €411 million. In effect compared to 2004, shipments fell by 7.1 percent in 2007.

USA with €956 million, South Korea €799 million, Japan €568 million and Indonesia with €459 million are the other countries in the data to export the above worth of textile goods to the EU in 2007.

These ten countries made up for 83.2 percent of all textile imports in to the EU with the rest being shared by other countries like Spain, UK, France etc.

Click here to view detailed statistics

Fibre2fashion News Desk - India


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