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17 February 2022, Mumbai:
On the occasion of the EU-Africa Business Summit, EURATEX is re-iterating the ambition of the European textile industry to grow its role on global markets, including the African continent.
The textile ecosystem is considered the 2nd most globalised sector of the European economy[1]; it is built on globalised supply chains and fierce competition with China, US, Bangladesh, Turkey and many others.
Imports are now peaking at €115 billion (ca. 60% garments and 40% textiles), with a dramatic increase of imported medical textiles (face masks) in 2020. Every year, 22 billion pieces of textile and garment products are brought into the EU Single market.
Europe’s answer to this competitive pressure must be to invest even more on quality and innovative products, made in a sustainable manner. As emerging markets evolve, the appetite for better quality, comfort and design will grow.
The ability and willingness to purchase technical textiles, which offer solutions to durability and improved performance, will increase.
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That is where Europe can be successful. To illustrate: the EU’s exports to China have increased by 33% in 2021 (first 11 months). In its vision paper on the future of European textiles and apparel[2], EURATEX has confirmed its ambition to increase the global market share of the European textile industry.
Strengthening relations with nearby Turkey and North African countries is important in this regard, offering opportunities for nearshoring.
About EURATEX
As the voice of the European textile and clothing industry, EURATEX works to achieve a favourable environment within the European Union for design, development, manufacture and marketing of textile and clothing products.
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