Analysis Of Import And Export Status And Development Trend Of Global Textile And Garment Industry In 2019

Global textile and garment trade market resumed growth


The apparel industry occupies an important position in the global economy, accounting for about 2% of the world's GDP. According to Frost&Sullivan statistics, in 2018, the total retail sales of the global garment retail industry amounted to 14382 billion US dollars, and the composite annual growth rate was 4.2% over the past 2014-2018 years.


In recent years, the global garment export market has resumed growth. According to the latest world trade statistics report released in August 16, 2019 by the World Trade Organization in August 16, 2019, in 2018, the export volume of global textiles (SITC65) and clothing (SITC84) reached 315 billion US dollars and 505 billion US dollars respectively, up 6.4% and 11.1% over the same period last year.







1. Analysis of global textile exports: China, the European Union and India are still the major exporters.


In 2018, China, the European Union (28 countries) and India remained the top three countries in the world's textile exports. The volume of textile export trade was 118 billion 500 million US dollars, 74 billion US dollars and 18 billion 100 million US dollars respectively, accounting for 66.9% of the global textile export market, the highest level since 2011.


Textile exports in China and the EU grew rapidly, and textile exports in 2018 increased by 7.9% and 6.9% respectively, both higher than the global average growth rate.


The United States remains the fourth largest exporter of textiles, accounting for 4.4% of the world's market share, down from 4.6% in 2017.



2, global clothing export analysis: China's clothing exports are declining, but the market position is still difficult to shake.


In the clothing export market, China, the European Union (28 countries), Bangladesh and Vietnam in 2018 ranked the top four in the world garment export, accounting for 72.3% of the world garment trade market share, lower than 75.8% in 2017, mainly due to the decline of China's clothing export market share in 2018.


Although Vietnam and Bangladesh's clothing exports achieved a larger growth in 2018, clothing exports increased by 13.4% and 11.1% respectively, but their market share was limited. In 2018, Vietnam and Bangladesh accounted for 6.2% and 6.4% of the global garment export market respectively, representing a total market share of 12.7%, up 0.3 percentage points from 12.3% in 2017.


This result shows that no country can be the next "China" because of the limitation of capacity.



3. Global textile import analysis: the import market is increasingly diversified.


In 2018, the European Union (28 countries), the United States and China remained the three largest importers, accounting for 37.5% of the total global textile imports, compared with 37.7% in the previous year, much lower than 52.4% in 2000. It shows that with the transformation of the world garment production and export pattern, the textile import market is also increasingly diversified.




4. Analysis of global garment imports: rapid growth of apparel consumption market in emerging economies


Influenced by the purchasing power of consumers (usually measured by GDP per capita) and the size of the population, the European Union, the United States and Japan remained the world's top three importers of clothing in 2018, while three countries imported 61.5% of the world's total clothing, but lower than the 62.3% in 2017, a significant decline compared with 84% in 2005.


Several emerging economies, such as China, have seen a rapid growth in the clothing consumer market and began importing more goods. In the future, with the rising purchasing power of emerging economies, the clothing import market will become more diversified.