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Editorial: Tougher times ahead for textile and clothing suppliers to eurozone countries?
published in Issue 175, July 2015
EU textile and clothing imports grew in value and volume to record highs in 2014 – despite slow economic growth. The buoyancy in value terms also continued in the first four months of 2015, but in volume terms imports were down. The rise in value reflected a sharp jump in the average import price – and this is likely to have been a major cause of the drop in volume as importers responded by cutting back on their purchases. In fact, the main cause of the jump in the average import price was a sharp depreciation of the euro against the US dollar, which made textiles and clothing traded in US dollars much more expensive in terms of euros. In this report, Robin Anson discusses the key reasons behind the increase in the average import price and comments on the effects of cotton prices, currency exchange rates and higher manufacturing costs as suppliers to the EU are forced to comply with increasingly stringent environmental legislation and building safety measures. In addition, he comments on possible changes in currency exchange rates in the future and, as a result, the potential for a revival of nearby sourcing from Mediterranean Rim countries, including Turkey.
Six times a year, Textile Outlook International provides up to 200 pages of expert comment and analysis. A subscription provides an overview of the global fibre, textile and apparel industries. It is essential reading for senior executives in the fibre, textile and apparel industries and for anyone who is not involved in the industry, but needs to quickly gain an understanding of the key issues.
Reports in Textile Outlook International include:
country profiles providing a comprehensive guide to the textile and clothing industries in a range of countries and regions. The reports include an economic and political profile together with a comprehensive overview of the main issues, plus an outlook for the future.
company profiles giving you the opportunity to learn from strategies employed by others. Companies profiled recently include retailers, manufacturers, innovators and sourcing companies involved in textiles and apparel as well as smaller companies which illustrate the opportunities for firms which are interested in selected sourcing locations.
trends in world textile and apparel trade and production taking into account current issues facing the industry such as global fibre prices; competition from China and other low cost countries; the elimination of quotas and imposition of selective new ones; relocation of production operations; the impact of economic factors affecting trade; international trade agreements; trade promotion agreements (TPAs); and much more.
trends in EU and US imports of textiles and clothing providing comprehensive statistical data and analysis of the top ten supplying countries to the EU and US markets. These reports are updated each year and contain value and volume data as well as average prices and analyses of trends for up to 15 product categories.
innovations, technological developments, business development opportunities, individual sector analysis and political implications which affect players in the global fibre, textile and apparel industries. Some of the topics which have been covered in recent reports include: new innovations in the textile and clothing industry, such as environmentally friendly textiles, plant based fibres, and developments in textile colorants; innovations in textile machinery; and overviews of the European swimwear, hosiery and lingerie markets.
So whether you are involved in fibres, textiles or clothing in manufacturing, spinning, weaving, knitting, sewing, import/export, retailing or if you are in education or consultancy or investment or finance, a subscription to Textile Outlook International will tell you what you need to know about the key trends in the industry.
Textile Outlook International is available on subscription either in printed format only, or in printed and electronic format. If you choose the printed only option, you will receive 6 printed publications a year, containing a total of 30 reports plus editorials written by Robin Anson, our editorial director and in-house industry expert.
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