The global market for woven outerwear was 460 billion euros in 2008 in which the European Union accounted for 31 per cent, North America 29 per cent, Asia Pacific 28 per cent, Latin America 7 per cent and other regions 7 per cent. The EU market for woven outerwear grew at an annual growth of 1.7 per cent in the last four to five years and reached at 143 billion euros in 2008 which was 55 per cent of total outerwear consumption.
Germany is the dominant country in woven outerwear consumption in the European Union while Britain, Italy, France, Germany and Spain contributed for 74 per cent of total EU consumption.
According to Eurostat, EU woven outerwear industry production has declined by 1.4 per cent per year in the period 2004-2008 and reached at an estimated 18.2 billion euros in 2008. Italy is dominant producer in the ED contributing 6 per cent of total ED output in 2008 followed by Spain, Romania, Britain and Portugal. More than 80 per cent of the ED woven outerwear industry is found in these five countries.
EU imports of woven outerwear are growing on an average 4.4 per cent per annum since 2004 and reached at euro 48.0 billion in 2008. Germany's import is highest followed by Britain, France, Italy, Spain and Belgium. Developing countries accounted for 52 per cent of total ED imports of woven outerwear in 2008. The leading ED exporter of woven outerwear remained Italy (24 per cent), followed by Germany, France, Belgium, Spain, the Netherlands and Romania.
Originally Published in Apparel India, October-2010 (Vol.2 Issue 9)