REPORT CARDS SAYS “ A + IN SUPPLY ” FOR CHINA !

International News

REPORT CARDS SAYS “ A + IN SUPPLY ” FOR CHINA !



According to The European Apparel and Textile Confederation, Euratex,Taking advantage of lower average unit prices, home textiles imports from outside the EU-28 increased in 2016. During the year, EU imports of menswear showed 0.5% increase in value and 4.4% in volume terms, while imports of womenswear increased 0.8 percent in value. Imports of home textiles from outside the EU reached €6 billion in 2016, and were mainly divided among four countries: China (share 33 per cent), Pakistan (25),% Turkey (16%) and India (11% ). Besides, there were remarkable gains in value for Vietnam, Morocco, Taiwan and Ukraine. In 2016, EU imports of menswear climbed to more than €20 billion, accounting for 25%of total clothing imports. Of the five main imported menswear items (trousers, shirts, coats, underwear, jackets), only shirts suffered weaker demand. China remained the main supplier of menswear. In value terms, its share of total imports stood at 28 per cent, representing another year of steady decline.

The EU-28’s second ranked supplier,Bangladesh, continued its inexorable rise adding 8.5%improve its market share. A comparable situation was observed in imports coming from Pakistan which added 5.8% in value.

Imports of womenswear reached €29 billion, constituting 36 per cent of total EU-28 clothing imports. Imports rose for the five main imported items: trousers, skirts and dresses, coats, blouses and underwear.

China continued to be the main supplier but its share was being eroded year-on-year. Due to continued annual expansion of its import share,Bangladesh climbed up the ladder by 13.7%. In third place, Turkey continued to be a preferred traditional supplier even with a slight dip of 0.3%