EUROPE: Denim imports stage recovery in 2013
Imports of denim jeans into the European Union recovered in 2013, increasing 4.4% in value and 8.6% in volume, but average prices declined 3.9%.
According to the report compiled by Texworld event organiser Messe Frankfurt, EU nations imported 494m pairs of denim jeans in 2013, worth a total of EUR3.69bn.
Between 2007 and 2013, imports of jeans have recorded an annual growth rate of 5.3%, compared to the growth figure of 2.2% for overall EU clothing imports.
Jeans imports declined in 2012 thanks to the fragile European economy before returning to growth last year, the report added.
Turkey, Bangladesh and China together account for 62% of jeans imports by value and 69% by volume, followed by Pakistan, Tunisia, Morocco and Cambodia.
In 2013, China was overtaken by Turkey and Bangladesh in value terms, but remained the top volume supplier at 142m pairs.
Average pricing declined 3.9% from EUR7.78 to EUR7.48, but average prices had moved up by an accumulated figure of 12.4% in 2011 and 2012, thanks to rising cotton prices.
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