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EU textile and clothing trade rose in 2015
25
Feb '16
Europe's Textile and Clothing Information Centre or CITH has said that the European Union's textile and clothing exporters gained an additional 3.6 per cent market share in third countries. On the imports side, the EU imports rose 9.6 per cent in value terms, due to sharp increases from Asian countries.

But imports from the Mediterranean area (Turkey, Egypt, Morocco, and Tunisia) achieved a modest growth or even decreased over the period. The 2015 evolution impacted the overall trade balance of the EU-28 with a deficit widening by 14 per cent which included 29 per cent for textiles and 13 per cent for clothing, CITH said in a report.

Textiles' sales to the US, EU's top market, recorded a growth of 16 per cent, thanks to a favorable exchange rate. Moreover, among the EU top10 customers, moderate expansion was recorded by Hong Kong and China (7 per cent and 6 per cent respectively). On the contrary, exports to Russia fell 27 per cent and exports to Ukraine slipped 1 per cent) on the back of depressed economy in those markets.

Clothing exports to its main consumers indicated a higher growth rates than for textiles. Data shows a noticeable growth in the US, Hong Kong, South Korea, Canada and China (with rates between 19 per cent and 22 per cent), which made the US the second largest EU customer and China, the sixth. Exports to the Saudi Arabian and Mexican markets also experienced a significant expansion at 17 per cent and 15 per cent respectively. Clothing exports to Russia and Ukraine declined due to political turmoil.

Textile imports from EU top 20 suppliers were all up, except from Egypt, Thailand and Australia. Among the main suppliers, the US witnessed the highest growth with 16 per cent, followed by China, Pakistan and Vietnam with 11 per cent.

Clothing imports coming from most Asian countries recorded double digit growth rates. The top supplier, China, recorded a 6 per cent increase over 2014 with 30 billion of clothing articles sold to the EU market.

In second place, Bangladesh recorded a 24 per cent increase in apparel sales to EU members over 2014. Strong imports' upturns were also observed from Cambodia (31 per cent), Vietnam (26 per cent), Hong Kong (25 per cent) and the US (26 per cent). With a 79 per cent increase, Myanmar is now ranking 17th in the top-20 EU's clothing suppliers, the CITH report said. (SH)

Fibre2Fashion News Desk – India


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