Apparel Online Bangladesh Magazine May Issue 2019 | Page 58

TRADE STATISTICS Continuous hike in unit prices haunts EU apparel import even in February ’19 January to February 2019 EU marked another month with significant escalation in unit prices of its apparel imports. Similar to January, the Union spent more euros on apparel imports even in February, volumes of which were down on Y-o-Y basis. India, Bangladesh, China and Cambodia saw growth in value-wise exports to EU as unit prices were hiked; however, volumes dropped. While Turkey, which is known for high-end garment manufacturing, surprisingly plunged in its unit prices offered to EU, and probably, this was the reason Turkey noted growth in both volumes and values of its exports. Global apparel imports by the European Union: January to February 2019 Percentage change in top 3 product categories imported by EU Percentage change in Bangladesh’s top product category (Trousers) to EU Change in Quantity 1.54 % Change in Value 6.29 % 11.57% T-SHIRTS SWEATERS TROUSERS Volume (3.09%) Volume (-5.48%) Volume (-0.94%) Value (6.51%) Value (1.26%) Value (7.03%) UVR change in apparel imported by EU (3-year comparison) Value rises 0.26% Volume rises Fact: 1 in 3 consumers in top 5 European markets consider sustainability while shopping. Change in UVR 7.94 % Jan. – Feb. 2019 € 18.48 (Average UVR in the review period was Euro 18.48 per kg of fabric equivalent as against Euro 17.12 in the same period last year.) Jan. – Feb. 2018 € 17.12 Jan. – Feb. 2017 € 17.58 Change in Knitted Segment Quantity 0.15 % Month-wise EU apparel import trend Value 6.92 % 8.21 Change in Woven Segment Quantity Value 3.49 % 5.72 % Value-wise share to EU by top exporters (Jan.-Feb. 2019) 30.79% 6.90 20.57% 11.50% 6.24% 4.15% Jan. 19 [The information has been extracted from EU custom site and further analysed.] (Value in € billion) 58 Apparel Online Bangladesh | MAY 2019 | www.apparelresources.com India Feb. 19 China Vietnam Bangladesh Turkey India