Apparel Online India Magazine July 1st Issue 2018 | Page 46

TRADE STATISTICS EU apparel import plunges in March; rebounds in Q1 ’18 January to March 2018 Apparel imports by 28-nations bloc EU have fallen in March this year. However, EU clearly shows sign of recovery in the first quarter over the last year. China has continued losing shares in the European market, whereas Bangladesh has consistently gone up due to fall of the taka; therefore, the country capitalised on the low unit prices and absorbed the shift from the Chinese market during the first quarter of 2018. Global apparel imports by the European Union: January to March 2018 Percentage change in top 3 product categories imported by EU Percentage change in India’s top product category (T-shirts) to EU Change in Quantity 6.06 % Change in Value 3.74 % 3.20% T-SHIRTS SWEATERS TROUSERS Volume (1.46%) Volume (8.59%) Volume (6.98%) Value (-6.46%) Value (-3.62%) Value (-2.77%) UVR change in apparel imported by EU (3-year comparison) Value falls 0.45% Volume falls FACT: In 2017, the overall size of the Textile & Clothing industry in the EU represented a turnover of € 181 billion. Change in UVR 9.22 % Jan.-Mar. 2018 € 17.04 (Average UVR in the review period was Euro 17.04 per kg of fabric equivalent as against Euro 18.77 in the same period last year) Jan.-Mar. 2017 € 18.77 Jan.-Mar. 2016 € 18.41 Change in Knitted Segment Quantity 3.78 % Month-wise EU apparel import trend Value 4.72 % Value-wise share to EU by top exporters (Jan.-Mar. 2018) 30.49% 7.79 6.40 6.38 Change in Woven Segment Quantity Value 8.82 % 2.83 % 19.83% 11.93% January 2018 [The information has been extracted from EU custom site and further analyzed.] February 2018 March 2018 (Value in € billion) 46 Apparel Online India | JULY 1-15, 2018 | www.apparelresources.com 7.05% 3.85% China Vietnam India Bangladesh Turkey India