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EU Market Downturn Textile Exporters Targeting Asia

2013/5/30 21:10:00 13

Europe's < a target= "_blank" href= "http://www.91se91.com/" > textile < /a > products and a target= "_blank" href= "target=" > clothing company > is looking for another growth area. This is mainly due to the sluggish demand in the supply chain, retail buyers and consumers caused by the crisis in the euro zone and the reduction in procurement caused by the EU government's fiscal tightening. 
 according to the latest data, the export volume of EU textiles and clothing to the countries outside the EU increased by 6.3% in 2012, while exports to other EU countries dropped by 2.3%. 
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In terms of textiles, the EU's exports to non EU countries increased by 2.9%, while exports to other EU countries dropped by 4%. P There is a similar trend in clothing. Exports to countries other than the European Union have increased by 10.1%, and exports to other European Union countries have fallen by 1%. 
(P) the EU's clothing exports to many emerging countries have grown strongly, because EU exporters are looking for new consumers to offset the decline in sales to EU consumers. For example, exports to China increased by 33.3%. Exports to Columbia increased by 24.9%, exports to China's Macao increased by 27.6%, exports to Chile increased by 29.6%, exports to South Africa increased by 30.6%, exports to Brazil increased by 34.5%, and exports to Venezuela increased by 52.2%. 
Exports to the other countries also increased, including exports like Russia increased by 10.5%, exports to Japan increased by 17.5%, exports to the United Arab Emirates increased by 18.3%, exports to Saudi Arabia increased by 20.4%, exports to Korea increased by 20.7%, exports to the United States increased by 24.1%, exports to Australia increased by 54.8%, and exports to the United States increased by 18.3%. 
In 2012, the exporters of the European Union got help from the euro's depreciation of 7.6% against the US dollar. P This makes it easier for the European Union to sell abroad because many EU companies choose to maintain their dollar prices, making them grow, or reduce their dollar prices, without affecting profits. 
In the future, in 2014, the EU's export growth opportunities should be enhanced, because the euro depreciates again this year.