Modernios technologijos news

The European Confederation of Textiles and Clothing EURATEX has published an overview of economic trends in the textile and clothing sector for the third quarter of 2021.

Short-term perspective:

  • Growth continues to be observed in the third quarter of 2021, albeit at a slower pace than in the same quarter of 2020.
  • Compared to pre-pandemic indicators (Q4 2019),
  • EU turnover 2021 Q3 was higher by + 6% in the textile sector, while lagging behind by -8% in the clothing sector.
  • Production grew by + 2% in the textile sector, while the clothing sector still lagged behind by -20%.
  • Bulgaria, Hungary, Lithuania, Italy and the Netherlands performed best in production, recording an average production growth of 15%. In the clothing sector, Lithuania achieved significant growth in production in 2021. 3 quarters. - + 19%, followed by Latvia (+ 18%).
  • Retail trade in specialized stores still lags far behind the pre-pandemic level (-21%) (Q4 2019)

  • Overall trend forecast: 2022 The textile and clothing sector will face a number of challenges, including high energy and raw material prices, supply chain disruptions and the sanitary measures caused by the ongoing pandemic.

Import and export:

  • Exports outside the EU in 2021 3 quarters. slowed down compared to 2020. 3 quarters. grew by + 2% (while growth in the second quarter of 2021 was 49% compared to the second quarter of 2020). Exports in the textile sector grew, while the clothing sector experienced a sharp drop in the UK market (-43%) due to Brexit, customs problems and a shortage of truck drivers.
  • EU imports shrank by -11% compared to 2020 3 quarters. Imports in the textile sector contracted by -24%, mainly due to lower imports of personal protective equipment (masks, bathrobes) from China (-85% compared to Q3 2020). Imports in the clothing sector also contracted, despite significant growth in imports from Pakistan and Bangladesh.
  • Import prices of textile products fell (-32%), but clothing prices rose (+ 0.6%). The EU-27 trade balance in the textile and clothing sector saw a deficit reduction of 21%.