The EU saw a significant surge of 17.81 per cent year on year (YoY) in apparel imports during the two months, worth $16.10 billion. There was a notable 28.66-per cent YoY spike in volume and an 8.44-per cent YoY decrease in average unit prices.
Bangladesh’s RMG exports to the EU surged to $3.69 billion in two months, up from $2.69 billion last year, amid a 36.99 per cent global export growth.
The EU’s apparel imports rose 17.81 per cent YoY to $16.10 billion, with volume up 28.66 per cent and unit prices down 8.44 per cent.
China led with $4.54 billion exports, while Turkiye saw a 3.64 per cent decline.
China’s apparel exports to the EU reached $4.54 billion during the period—up from $3.63 billion the same two months last year. However, Turkiye faced a 3.64-per cent YoY decrease in apparel exports to the EU during the period, amounting to $1.61 billion, while Vietnam recorded a 16.58-per cent YoY export growth, reaching $759 million.
India, Pakistan and Cambodia garnered $865 million, $711 million and $775 million respectively in the two-month period from the EU apparel market.
Meanwhile, Bangladesh’s global apparel exports in the first two months this year grew by 36.99 per cent YoY in value, backed by a 39.02-per cent increase in volume. But a 1.46-per cent YoY drop in unit price is a challenge to maintain profitability, according to domestic media outlets.
Fibre2Fashion News Desk (DS)
