![EU Apparel Import Analysis](https://in.apparelresources.com/wp-content/uploads/sites/3/2018/05/EU-Apparel-Import-Analysis.jpg)
The EU’s apparel imports have continued to surge. In Jan.-Feb. 2018 too, volumes maintained the inclining trend as the euro rebound, unit prices decline. Notably, the data has recently been released by the European Commission.
The 28-nations bloc upped its apparel volume by 11.17 per cent while value got a boost of just 1.19 per cent all because of a massive drop of 8.96 per cent in unit prices. Unit prices remained as low as € 17.07 as against € 18.75 in the same period last year.
Overall, China still holds the most supreme position in the EU’s apparel market with export worth € 4.60 billion in Jan.-Feb. ’18 period. The volume of apparel shipment from China that goes to the EU increased by 3.97 per cent on the Y-o-Y basis; however, the country noted a significant fall in value terms by 2.80 per cent.
Particularly in February, Chinese shipments plunged as it exported apparels to the EU worth just € 1.97 billion as against export value of € 2.63 billion in January this year.
On the other hand, of all exporting destinations, Bangladesh topped the tally in terms of percentage-wise growth. With a staggering surge in volume by 19.76 per cent and by 3.79 per cent in values. The country exported apparels to the EU worth € 2.70 billion in the said period as against € 2.60 billion in the corresponding months of prior year.
The positive growth for Bangladesh is said to be an outcome of the fall of Taka during the review period.
Notably, Bangladesh increased its value-wise share in the EU apparel market absorbing the share lost by China as compared to January this year. The third-biggest apparel exporter captured 19.04 per cent share (18.80 per cent in January), while China’s share dropped from 33.78 per cent in January to 32.43 per cent cumulatively in Jan.-Feb. period.
India, Vietnam and Turkey were other beneficiaries as all three nations got a boost in their respective apparel exports to the Union. Turkey got an advantage of close proximity to Europe and posted growth in volume by 3.48 per cent while values were up by 0.45 per cent.
India, on the other hand, marked 6.92 per cent surge in volume and 0.63 per cent increase in values on the yearly note. Vietnam got a drastic boost (47.57 per cent) in volume-wise apparel exports to the EU. However, with the drop in unit prices from € 24.52 last year to € 17.07 this year, Vietnam could not capitalise strongly and registered just a 2.77 per cent growth in value of apparel exports.