18 May 2022, Mumbai:
EURATEX 2022 Spring Report: putting the EU Textiles Strategy in a global context.
EURATEX has just released its Spring report, offering a detailed insight into trade figures for the European textile and apparel industry in 2021.
ALSO READ EURATEX: BETTER COLLABORATION CAN SMOOTHEN EU-UK TRADE FLOW
The numbers are encouraging: compared with the dramatic corona-year 2020, EU exports of textile and clothing articles increased by +10.6%, while imports dipped by -7.5%.
As a result, the EU trade deficit improved, even though it remains significant (- €48 billion).
Furthermore, import prices went slightly down in clothing and dropped in textiles, following a strong decrease in Chinese import prices of face masks and protective medical supplies. The boost in exports was mainly due to strong performance in the Swiss, Chinese, and US markets.
On the other side, EU sales of textile & clothing to the United Kingdom fell sharply (-23%), due to Brexit new requirements, customs delays, and a shortage of truck drivers.
Imports from the EU's top supplier, China, plunged by -28%, corresponding to €13 billion.
RELEVANT NEWS European textile industry needs to grow its role on global markets
Similarly, textile and clothing imports from the United Kingdom recorded a sharp decrease over the period (-48%, equal to €-3 billion).
Director-General Dirk Vantyghem commented: “the 2021 export figures, presented in this Spring report, confirm that EURATEX members have gained momentum; even if energy prices are causing some serious short-term disruptions, our long-term ambition remains to be a world leader in sustainable textiles.”
Join our community on Linkedin
