Trade And Trade Policy: The EU Clothing Import Market And Its Ten Largest Supplying Countries, 3rd Quarter 2011

Textiles Intelligence
November 1, 2011
30 Pages - SKU: TXI6672167
License type:
Countries covered: Europe

EU clothing imports soared in value by 18.3% to a record high of Euro66.93 bn (US$91.20 bn) in the 12 months ending June 30, 2011. In volume terms, however, imports grew by a much slower 4.7% to 4.42 mn tons, and remained below the levels seen in 2007 and 2008. The 18.3% rise in import value was due mainly to a 13.0% increase in the average import price, which took the price to its highest level since 2002. The price increase was itself caused by a hike in the cost of raw materials-and raw cotton in particular.

Rises in import values were observed in all but two of the EU's 27 member states-the exceptions being Greece and Slovenia. But there were falls in import volumes in 11 member states. Increases in import prices, meanwhile, extended to 23 member states.

In 2011 as a whole, demand for clothing (excluding footwear) will rise in all the 19 key EU economies as the region recovers from the global economic downturn. However, demand in these economies will continue to be weak between 2011 and 2015. Declines in demand are forecast for five countries, and only in three countries will demand growth average more than 5% per annum.

EU clothing imports were up in value from all of the ten leading supplying countries during the 12 months ending June 30, 2011. Imports from nine of the ten were also up in volume-the exception being India.

China remained by far the EU's largest clothing supplying country during the 12-month period with a 44.5% share of EU clothing imports from all sources in value terms and a 50.3% share in volume. However, China's value share rose only slightly while its volume share fell.

The three best performing supplying countries, Bangladesh, Pakistan and Vietnam, were low price suppliers and all three gained share at the expense of four higher price suppliers, namely Turkey, India, Tunisia and Sri Lanka. In fact, these four suppliers lost market share in both value and volume terms.


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