TRADE STATISTICS
EU apparel imports see decline in unit prices
January 2018
The European Union kicked off 2018 by noting a considerable surge of 11.62 % in volumes . Markedly , unit prices fell drastically to Euro 17.51 as compared with Euro 19.08 in the same month of prior year indicating that major apparel exporters to EU are reducing their margins in order to stay relevant and cost-competitive . Bangladesh emerges as the biggest beneficiary as the data shows , it absorbed the most of the shifting apparel manufacturing business from China . India and Pakistan too are posting surge in their respective apparel exports to the Union which makes the situation even tougher for Vietnam as far as the European market is concerned .
Global apparel imports by the European Union : January 2018
Top 3 product categories imported by EU
Bangladesh ’ s top product category ( Trouser ) to EU
|
|
|
|
6.87 % |
|
|
11.62 %
Change in Value
2.45 %
|
T-SHIRTS
Volume ( 11.20 %)
Value ( 1.87 %)
|
SWEATERS
Volume ( 17.00 %)
Value ( 4.23 %)
|
TROUSERS
Volume ( 13.24 %)
Value ( 3.37 %)
|
Value rises |
|
25.88 %
Volume rises
|
Change in UVR
UVR change in apparel imported by EU ( 3-year comparison )
FACT : Bangladesh is the top denim exporter to EU
Change in Knitted Segment
Quantity
8.23 %
( Average UVR in the review period was Euro 17.51 per kg of fabric equivalent as against Euro 19.08 in the same period last year )
Value
10.56 % 2.09 %
January 2018 € 17.51
January 2017 € 19.08
January 2016 € 18.59
FACT : The United Kingdom has the largest clothing market in Europe , with an expected value of US $ 77 billion by 2020 .
Value-wise share to EU by top exporters ( January 2018 )
33.78 %
Change in Woven Segment
18.80 %
Quantity
Value
12.94 % 2.79 %
[ The information has been extracted from EU custom site and further analyzed .]
US $ 77 billion
2020
3.98 % |
6.05 % |
|
|
|
3.32 % |
India |
China |
Vietnam |
Bangladesh |
Pakistan |
India |
56 Apparel Online Bangladesh | MAY 2018 | www . apparelresources . com