EU Denim Import 2005-2015 | A Data Analysis

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European Union has been in the news for the last few months due to several reason and one of the most prominent was the exit of UK from the EU . The BREXIT from European Union will have its own repercussions in long term. In 2015 , UK exported 5.82 million pcs of Men’s Jeans and 7.52 million pcs of Women’s jeans to EU however, after the exit we are not sure what direction the business will take. In this report , we did a detailed comparative analysis of 10 years of export of Men’s Jeans as well as Women’s Jeans to EU by top ten countries in the world including UK.

In the Year 2005 , China was supposed to be the King of Denim Market and it is evident after analyzing the data of export of Men’s Jeans to EU in the year 2005. China exported 44.63 Million Pcs of Men’s Jeans at the average price of Euro 3.31/Pc sharing 25.15% in the export to EU . Bangladesh which is leading now ,was just short  of 2.26 million pcs in 2005 with 42.27 million pcs at the average price of euro 3.88/pc sharing 23.82% in the export EU. However, Turkey and Pakistan were also considered major players in 2005 with 31.63 and 18.55 million pcs respectively and contributing approx. 28% cumulatively in the export to EU. In terms of average price China was the least expensive at just 3.31 Euro/pc. [private_special]

If we look at the figure of 2015 , things have been changed and the list of top exporters has also changed.. China is  no more the king and has been replaced by Bangladesh. The lead that Bangladesh has over China is very substantial now that it seems China will never be able to close it .In the Year 2015 , China exported merely  36.18 Million Pcs of Men’s Jeans at the average price of Euro 7.84/Pc sharing 13% in the export to EU . Bangladesh which is leading now with whooping 109.09 million pcs at the average price of euro 6.55/pc sharing 38% in the export EU. However, Turkey and Pakistan are still in the race and Pakistan ranked 2nd in the export of Men’s Jeans in 2015 to EU with 63.96 million pcs at the average price of euro 7.93/pc sharing 22% in the export to EU. In terms of average price Bangladesh is the least expensive however,  UK is the most expensive at the average price of euro 18.65/pc.

Looking at the changes in the export quantities in respect of changes in the average prices of top three countries , the picture will be more clear. The average growth rate of Bangladesh in 10 years in terms of export quantities was 6.13% per year however, the growth in the average price was 4.076%. But if we see the figures of China , its average growth rate is negative with (-2.34%) per year however the average price registered an average growth rate of 5.778% per year due to increase in the labor rates in China.

      % change from 2005-2015 in qty and prices

In the segment of Women’s jeans , China was the leading player in 2005 with 87.92 million pcs at the average price of euro 2.67/pc ,contributing 47% in the export to EU. Turkey and Bangladesh were the next two major players in this segment with 25.62 & 21.02 million pcs respectively ,sharing 25% of export to EU cumulatively .Indonesia was the cheapest exporter and UK was the most expensive one in 2005 in this segment.

If we look at the figure of 2015 , things have been changed and China has again taken a hit. The King of 2005 is no more the king and has been replaced by Bangladesh here also in this segment.In the Year 2015 , China exported merely  57.12 Million Pcs of women’s jeans at the average price of Euro 6.88/Pc sharing 24% in the export to EU . Bangladesh which is leading now with 75.43 million pcs at the average price of euro 6.11/pc sharing 31% in the export EU. However, Turkey and Pakistan are still in the race and Pakistan ranked 4th,kept its position as it is, in the export of women’s Jeans in 2015 to EU with 32.49 million pcs at the average price of euro 7.51/pc sharing 14% in the export to EU. In terms of average price Bangladesh is the least expensive however,  Tunisia is the most expensive at the average price of euro 16.58/pc.

Analyzing  at the changes in the export quantities in respect of changes in the average prices of top six countries , we found that the average growth rate of Bangladesh in 10 years in terms of export quantities was 7.21% per year.However, the growth in the average price was 3.68%. But if we see the figures of China , its average growth rate is negative with (-5.39%) per year however the average price registered an average growth rate of 6.12% per year due to increase in the labor rates in China.

                              Growth rates of Quantities and Prices

In a complete analysis, we can easily say that Bangladesh is the undisputed leader in both men’s and women’s jeans for exports to EU. China is a spent force and its market share is being taken over by its competitors.  Besides Bangladesh , only Turkey and Pakistan look strong enough to grow their shares. Other countries are more or less stagnant in their export figures.

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