Apparel Online India Magazine September 1st Issue 2018 | Page 48

TRADE STATISTICS EU clothing imports up; China surpasses Bangladesh in May January to May 2018 European Union witnessed surge in the clothing demand during the first 5 months of 2018. As a result, imports have gone up in the period, while with the help of low unit prices, the Union marked a significant drop in values. Particularly in May, Bangladesh (€ 1.22 billion) was surpassed by China (€ 1.31 billion) in apparel exports to EU as the latter successfully restricted itself from repeating April month’s performance where Bangladesh clocked € 1.44 billion while China’s exports could just hit € 1.15 billion. Bangladesh noted over 15 per cent drop in May as compared to April this year which surely is not a good sign for the country. Global apparel imports by the European Union: January to May 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 6.62 % Change in Value 2.10 % 1.69% T-SHIRTS SWEATERS TROUSERS Volume (5.63%) Volume (8.06%) Volume (7.82%) Value (-3.38%) Value (-3.44%) Value (-1.16%) Value falls 2.47% Volume rises FORECAST: Germany’s apparel market size is expected to reach US $ 62.70 billion by 2022. UVR change in apparel imported by EU (3-year comparison) Change in UVR 8.20 % US $ 62.70 billion by 2022 Jan.-May 2018 € 17.01 (Average UVR in the review period was Euro 17.01 per kg of fabric equivalent as against Euro 18.53 in the same period last year) Jan.-May 2017 € 18.53 Jan.-May 2016 € 18.17 Change in Knitted Segment Quantity 5.22 % Value-wise share to EU by top exporters (Jan.-May 2018) Month-wise EU apparel import trend Value 2.72 % 7.79 Jan-18 27.19% 6.40 Feb-18 Change in Woven Segment Mar-18 Quantity Value Apr-18 8.32 % 1.53 % 6.38 5.85 12.56% 5.68 May-18 0 [The information has been extracted from EU custom site and further analyzed.] 21% 1 2 3 4 5 6 (Value in € billion) 48 Apparel Online India | SEPTEMBER 1-15, 2018 | www.apparelresources.com 7 8 9 7.38% 3.75% 10 China Vietnam India Bangladesh Turkey India