The European Union witnessed a decent surge in its T-shirts import volume-wise by 6.06 per cent during January to April 2018 period. EU imported 233.08 million kg of t-shirts as against 219.76 million kg of t-shirts in the same period last year.
Markedly, the Union spent lesser amount on the t-shirt shipment and the values fell by 2.81 per cent on the yearly note to € 3.36 billion.
India, which remained subdued till the first quarter, got a sharp boost of 3.48 per cent and exported 20.09 million kg of t-shirts to the EU. The rise in volume indicates that India somehow successfully catered to the demand of European buyers. However, to stay relevant and competitive, India dropped unit prices and, as a result, noted a fall of 0.55 per cent in t-shirt shipment value and exported t-shirts to EU worth € 331.18 million in the said period.
Bangladesh, on the other hand, marked double-digit growth (10.81%) in volume-wise t-shirt exports and shipped 117.74 million kg worth of t-shirts to EU. However, Bangladesh too plunged in value-terms as it posted 1.95 per cent drop to export t-shirts worth € 1.23 billion.
Vietnam was the only country among Asian manufacturing powerhouses which registered growth in both volume and value of t-shirt export to EU. The country exported 3.09 million kg of t-shirts to the European market marking 4.20 per cent surge on Y-o-Y basis, whereas shipment valued at 59.24 million (up 8.18%) during the review period.
The trade data was released by Eurostat and analysed by Apparel Resources.
