The apparel industry is in a boom this year and this is evident from the global trade data 2021. The exports of apparel from the EU have increased in 2021 as compared to the values of 2020. EU knitted or crocheted apparel exports and not-knitted or crocheted apparel exports, both reached growing positions in 2021.
In the US, the value of the apparel market stood at $368 billion, with brands leading in 2019 such as TJX and Macy’s. However, the EU apparel market faces losses in the pandemic-struck year 2020, standing at a market value of 127.4 billion euros. This is down by 13.2% as compared to 2019, but the post-pandemic, these values also changed.
EU Knitted or Crocheted Apparel Exports (2021) – By Commodity
EU apparel market exports the below-shown commodities the highest, as per trade data 2021. The top 5 EU knitted or crocheted apparel exports are—Jerseys & Pullovers ($18.2 billion), T-shirts ($14.1 billion), Women’s or Girl’s Suits ($10.1 billion), Tights & Stockings ($4.1 billion), and Men’s or Boy’s Suits ($2.8 billion). See the below represented EU knitted or crocheted apparel exports for further information.
EU NOT Knitted or Crocheted Apparel Exports (2021) – By Commodity
EU apparel market for the non-knitted or crocheted apparel exports the most in the below-shown order, as per trade data 2021. The top 5 exports of non-knitted or crocheted apparel from the EU are—Women’s or Girl’s Suits ($20.7 billion), Men’s or Boy’s Suits ($13.1 billion), Women’s or Girl’s Overcoats ($8 billion), Men’s or Boy’s Overcoats ($5.9 billion), and Women’s or Girl’s Blouses & Shirts ($3.9 billion). See the full list of the exports below.
EU Knitted or Crocheted Apparel Exports (2021) – By Country
As per the EU export data 2021, the below infographic shows the top 5 EU exporting countries and each of their top partners respectively. According to the shown EU knitted or crocheted apparel exports, the top 5 exporting countries in 2021 were—Germany (5%), Italy (4.2%), the Netherlands (2.6%), Spain (2.6%), and Belgium (2.1%).
EU knitted or crocheted apparel exports to other countries consist mainly of the European countries only. This indicates that the demand and supply of the valuable apparel exports from the EU are circulated in the European regions themselves the most. France is among the highest and most recurring exporting regions for the EU knitted or crocheted apparel exports.
EU NOT Knitted or Crocheted Apparel Exports (2021) – By Country
The representation of the top 5 EU’s top exporting partners for its non-knitted or crocheted apparel exports is in the form of the infographic below. Shown data provides the top exporting countries and each of their individual topmost export partner. According to the shown EU exports 2021, the top exporting countries are Italy (6.1%), Germany (5.4%), Spain (3.8%), France (3.1%), and the Netherlands (3%).
The EU’s non-knitted or crocheted apparel market exports from Italy are the highest. In parallel, the highest exports among these countries accounted for $1.9 billion in Germany. However, as an overall value in the infographic, Switzerland is the highest and most recurring export country.
EU Knitted or Crocheted Apparel Exports – Year-On-Year Comparison
The EU knitted or crocheted apparel exports in 2020 accounted for a total worth of $56.24 billion. In 2021, the total worth of exports 2021 amounted to $68.76 billion, showing an increase of 22.27%. The exports in 2021 surged by $68.76 billion as compared to the value of 2020.
EU NOT Knitted or Crocheted Apparel Exports – Year-On-Year Comparison
Non-knitted or crocheted apparel exports in 2020 amounted to $59.96 billion. On the other hand, the total exports in 2021 amounted to $69.79 billion. This shows that the exports of non-knitted or crocheted apparel increased by 16.38% with a difference of $9.8 billion in 2021.
EU’s market for knitted or crocheted apparel is on an upward trend this year, too. The Russian-Ukraine war has resulted in an opportunity for the EU to build good bilateral relations with Ukraine. As per our trade analysts, EU knitted or crocheted apparel exports are relatively more profitable than non-knitted or crocheted apparel exports. However, both are upholding good growth possibilities for the upcoming months.
