EU ap­parel im­ports see de­cline in unit prices

Jan­uary 2018

Apparel Online - - Trade Statistics -

The Euro­pean Union kicked off 2018 by not­ing a con­sid­er­able surge of 11.62% in vol­umes. Markedly, unit prices fell dras­ti­cally to Euro 17.51 as com­pared to Euro 19.08 in the same month of the prior year in­di­cat­ing that ma­jor ap­parel ex­porters to EU are re­duc­ing their mar­gins in or­der to stay rel­e­vant and cost-com­pet­i­tive. Bangladesh emerges as the big­gest ben­e­fi­ciary as the data shows; it ab­sorbed most of the shift­ing ap­parel man­u­fac­tur­ing busi­ness from China. In­dia and Pak­istan too are post­ing surge in their re­spec­tive ap­parel ex­ports to the Union which makes the sit­u­a­tion even tougher for Viet­nam as far as the Euro­pean mar­ket is con­cerned.

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