Major
apparel exporting nations Bangladesh, China and India all posted gains
in shipments to the European Union in 2009 despite the global slump but
others such as Turkey and Tunisia registered drops, industry data shows”.Bangladesh
ranked the third biggest supplier to the EU 27 nations, exporting
apparel worth 5.1 billion euros, up from 4.7 billion euros in 2008.
Similarly, the biggest supplier China registered a small increase to
25.8 billion euros, up from 25.3 billion euros the year before. And
India, the fourth biggest, also reported an increase to 4.1 billion
euros, up from 3.8 billion euros notched in 2008 ..The analysis by
the European Apparel and Textile Confederation (Euratex), an umbrella
group that represents 128,000 companies, also shows that Turkey — the
second biggest traditional supplier of apparel — witnessed a
contraction in shipments to 6.9 billion euros, sharply down from the
2008 level of 7.8 billion euros ..However, the data also shows
that EU apparel exports to the top five foreign markets — Switzerland,
Russia, the United States, Japan and Norway — were all down. Exports
to the top market Switzerland were down 6.9 per cent to 2.7 billion
euros and shipments destined for Russia fell 32.3 per cent to 2.1
billion euros ..Moreover, exports to the lucrative US market were
down 23.5 per cent to 1.3 billon euros and dropped 6.3 per cent to
Japan at 936.7 million euros ..On the textile front, Euratex notes
that the top three suppliers — China, Turkey and India — all
experienced sharp falls export shipments to the European Union. Textile
imports from China fell 12 per cent to 5.1 billion euros while supplies
from Turkey contracted 14.7 per cent to 2.9 billion euros and from
India slipped 18.2 per cent to 1.8 billion euros .
Date:6/23/2010
Source:Fibre2Fashion