Category: News

Even with a continuously declining production of denim fabrics, EU still has some great denim mills who are not only selling in Europe but are also exporting their specialized fabrics around the world. We wanted to analyze the markets where such fabrics are going and to understand if some markets have some special liking for these fabrics. So we analysed the exports of denim fabrics from EU for the last 3 years and also checked the major destinations where this fabrics is being shipped. Overall it gives  a good idea about how EU denim fabrics are being used in different countries and markets.  

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EU Exports Of Denim Fabric To WORLD During 2017 – 2019

The exports of denim fabric to the World by EU has been decreasing since last  3 years . This is only to be expected as there are very few mills left in EU as many have closed down. Against a volume of about 39 million sq mtrs in 2017, only about 33 million sq mtrs were exproted in 2019 . The price remained almost the same at about Euro 3.83 – 3.90/ sq mtr. 

Country Wise Exports 

Out of the total exports of EU fabrics, we further anaylze the important markets they exported to and to understand if some markets are growing for EU fabrics. 

Exports to COLOMBIA During 2017 – 2019

The denim fabric exports by EU to COLOMBIA has seen a rise of 9.6% from 2017 to 2018 but dropped significantly in 2019. The total fabric exported was 2.5 lakhs sqm at an average price of 4.10 Euro/sqm in the year 2019. The average price at which the denim was exported in 2018 was 3.52 euro/sqm. Thus there is wide change in both quantities and prices for exports to this market. Colombia has been growing as a market and with many global companies invading the market, the prices too slashed down and EU companies found it more difficult to compete. 

Exports To JAPAN During 2017 – 2019

EU exports of denim fabrics to JAPAN is very less as compared to other important countries. The total volume exported has been decreasing continously since 2017. With very high average price of 12.67 euro/sqm , EU exported 9.903 sqm of denim fabric to JAPAN in the year 2019. It has shown a huge drop of 49.1% from 2018.

EU Exports Of Denim Fabric To MOROCCO During 2017 – 2019

Morocco is one of the high volume export destinations for EU fabrics – most of it to be converted and sent back to EU. The export of denim fabric to MOROCCO have increased a bit in 2019 with 1% increase from previous year. The average prices reduced  from 3.72 euro/sqm to 3.49 euro/sqm in the last 3 years. The total volume exported by EU in the year 2019 is approximately 5.4 million sqm at an average price of 3.49 euro/sqm.

EU Exports Of Denim Fabric To TUNISIA During 2017 – 2019

Tunisia is the largest export destination for EU fabrics for conversion to garments for reexport and the figures say so. However, inspite of it being so, the volumes to Tunisia too have fallen in last 3 years. We can see a fall of about 20% in 2019 over 2017 figures with prices also taking a nosedive. Around 8 % fall in the export can be seen from previous years.

Exports to  TURKEY During 2017 – 2019

Turkey is again an important destination where EU fabrics nominated by the European buyers are sent for conversion to garments. Also Turkey has its own local brands who buy EU fabrics for their high end collections. The exports by EU in TURKEY also declined from the past 3 years but the fall in the export was less in 2019 as compared to 2018. The export reduced to 22.3 % from 2017 to 2018 and the reduction was 9% in 2019 as compared to the previous year. The average price however saw a jump from  3.18 to 3.69 over the period of 3 years.The total volume exported in the year 2019 was approximately 4.9 million sqm.

Exports To USA During 2017 – 2019

Another decent market for EU, US high end brands have been buying EU fabrics. Minor changes were seen in the export of denim fabric to USA. EU exported around 2 million sqm of fabric in 2017 and 2018 but with a reduction of 4.5 % , the export volume was reduced to 1.9 lakhs sqm in the year 2019. The average price at which EU exported was 5.24 euos/sqm last year.

Comparative Study Of Export By EU During 2017 – 2019

From the table below, we can see a summary of important markets of European denim fabrics with their shares. Tunisia takes the major share followed by Morocco and Turkey.  The total exported volumes show a downtrend and it is expected to continue as production quantities may not increase in EU in the near foreseeable future .

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In this report, we’ve listed the major denim fabric importers in MEXICO during the month of November,2019 and analyzed the volume and average price along with the countries from where they are buying. The contents of this report are as below:

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TOP COUNTRIES SUPPLYING DENIM FABRICS TO MEXICO

In the month of November 2019, Mexico has imported more than 5.4 million sqm of denim fabrics. CHINA is the biggest exporter of Denim Fabric to Mexico with a total volume of about 4.96 million sqm at an average price of USD 1.25/sqm. United States is the 2nd biggest denim supplier which exported around 2.20 lakhs sqm of denim fabric at an average price of USD 2.13/sqm. India, Colombia etc. are other countries which contributed the rest 5% of the total import of denim fabric of Mexico respectively.Japan exported the fabrics at the highest average price of 5.76 USD/SQM and China at the cheapest average Price

(Note: this data has been captured from various govt organizations including customs. the actual imports are likely to be higher than this figure .)

TOP COMPANIES EXPORTING DENIM TO MEXICO

So far as the import of denim fabric by different companies are concerned, CONFESCCION TEXTIL and STAFFORD are the biggest importers of denim fabric into Mexico with the total import of 1.33 million sqm and 1.25 millions sqm of denim fabric respectively. Collectively they contribute appox. 47% in the total import of fabrics made by Mexico during November 2019.

MAJOR IMPORTERS

CONFECCION TEXTIL MEXICO FASHION, S.A. DE C.V.

Confeccion Textile imported 1.33 million sqm of denim fabrics during the period of November 2019 and it got four suppliers on the board. Out of four suppliers,ZHEJIANG JINZHAO TEXTILE is the biggest supplier with the export volume of 7.02 lacs sqm at an average price of $1.42/sqm.

Address : AV. BALANKU MZ 25 LT 3 VERACRUZ VERACRUZ 91808

STAFFORD SA DE CV

STAFFORD imported 1.25 million sqm of denim fabrics during the period of November 2019 and it got three suppliers on the board, all from China. Out of four suppliers,ZHEJIANG TENGMA TEXTILE is the biggest supplier with the export volume of 0.96 million sqm at an average price of $0.91/sqm.

Address : CALLE BUENAVISTA,COLONIA BUENAVISTA 2-4 CUAUHTEMOC DISTRITO FEDERAL 06350

Below are some more buyers with their corresponding suppliers and the quantities.

BORDERS APPAREL MANUFACTURING S DE RL DE CV

Address: Matamoros Norte-Centro-Sur, Mariano Matamoros, 22206 Tijuana, Baja California, Mexico

TEXTILES EXPRESS SA DE CV

Address: ING ZAPADORES/2/1 CUB A/LOMAS DE SOTELO//PQUE ESTRELLA Y A CAMACHO NAUCALPAN DE JUAREZ MEXICO 53390

DISTRIBUIDORA DE PRODUCTOS CASSI SA DE CV

Address: MANUEL JOSE OTHON 18 CUAUHTEMOC DISTRITO FEDERAL 06800

KOOS MEXICO SA DE CV

MANUFACTURERA LEE DE MEXICO

Address : Carretera Tablaje-Catastral 1562, Centro, 97540 Izamal, Yuc., Mexico. Phone: +52 988 954 0478

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India is one of the largest exporters of denim fabrics. The Export to different nations are analysed in this report. Also the average price and & share of major exporters  can be seen in the report.

1. Countrywise Export Analysis
2. Leading Denim Suppliers

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COUNTRYWISE DENIM EXPORTS

There are 10 major countries where India exported approx 86% out of its total exports. The list primarily included Bangladesh, Colombia, Egypt, Gautemala, Sri Lanka, Madagascar and Republic of Korea . In the month of January, 2020, a major portion of exports belonged to Bangladesh which was approx. 33% and the total export figure to this country stood over 5 million mtrs and it was exported at an average price at $2.5/m.

The 2nd major country where exports were made was Colombia which had a 18.4% share in the total export during these two months. The total export made to colombia was 3 million mtrs at an average price of $1.8/m.  Egypt is at #3 and had 11.3% share and Gautemala with 4.5% share stood at #4 in the list. Sri Lanka bought fabrics at the most expensive average price of $2.6/m however the Venezuela remained the cheapest importer during this period with an average price of $1.53/m.

In total over 17.7 million mtrs were exported from India globally . This is a reasonably good number keeping in mind that there are some exports which still escape attention due to wrong HS codes or descriptions used. 

COMPANYWISE DENIM EXPORTS

So far as the leading denim suppliers are concerned, in January 2020, the top three denim suppliers were as below:

1. Arvind Ltd. – Total Denim Exported was 3.26 million mtrs at an average price of $2.8/m. Total share in export is 18.4%. Bangladesh, Sri Lanka and Gautemala are major exporting countries for Arvind.
2. Jindal Worldwide Ltd. – Total Denim Exported was 1.57 million mtrs at an average price of $1.9/m. Total share in export is 8.9%. Amongst many, Colombia and South Africa are major export destinations for Jindal Worldwide Ltd.
3. Raymond UCO Denim – Total Denim Exported was 1.53 million mtrs at the highest average price of $3/m. Total share in export is 8.7%. Bangladesh, Sri Lanka, Portugal, and Vietnam are major exporting countries for Raymond amongst many countries.

Ultra Denim supplied the fabrics at the least average price of $1.64/m and Raymond UCO Denim at the most expensive price of $3/m. The leading buyers of Indian Denim Fabric include Armana Group, Ananta Garments, Cassiopea Apparels Ltd.,Deniexperts Ltd.,Kenpark, Hiradarmani, Refat Garments, Denimach,Tusuka and Kenpark.

On the whole, the export scene of Indian denim fabrics is improving since there is huge pressure in domestic market and companies are looking overseas seriously . Many companies who were mainly domestic sellers turned to exports aggresively. We will see this trend to continue with higher vigour in this year – the China corona factor is expected to provide further impetus as global buyers look for alternative sources for their fabrics.

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In this report, we’ve done the analysis of Denim Apparel Exports Of Cambodia from 2016 to 2019 and our analysis focuses on three fundamentals :

• Quantity Exported
• Average Price
• % Change
• YTD – Jan To Aug 2019

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Jeans Exports

Jeans export from Cambodia to the EU has been deteriorating since 2017  and by the end of 2019, it is expected to witness a total fall of approx 36 %. Comparing the export figures, this is to be noted that, Cambodia’s denim export saw an upward movement of 1% in the year 2018.  In 2016, the export was 38.93 million pcs which dropped down to the level of 33.98 million pcs. The average price remained in the range of around euro 6-7/pc.

Men V. Women Denim Exports

Cambodia is more into Women Denim and shares approx. 72-73 % of the total export of Jeans,. However, the share has been increasing after every passing year and in 2019 it is expected to reach up to the level of 76%. In the year 2018, the jeans export ratio of Women: Men was 75:25 and the total export of women jeans was approx. 25.98 million pcs, against which, the export of Men’s Jeans was only 8.49 million pcs. In 2019, the women jeans export are expected to fall down to 18.97 million pcs.

The average price of Women denim is more competitive than Men’s denim. The average price of Women denim revolved around Euro 5.90-6.70/pc however the price of Men’s denim has been fluctuating between Euro 6.60 & 7.90 per piece.

YTD – August 2019

Jeans export from Cambodia to the EU has been dipped by 32.06 % if we compare YTD August 2018. During Jan-August ’19, the Men’s Jeans export witnessed a plunge of –37.77 %, and the export of women jeans witnessed a fall of 30.09% during the same period.

Cambodia has not been able to really cash in to their special status for GSP in Europe because of their infrastructural issues and labor problems where the factories find it tough to operate even though the costs are lower. Vietnam – the next door neighbor – is taking the advantage and improving exports each year even though they don’t have any GSP benefit to Europe. This clearly shows that duty advantages can only be one of the factor which can help a country improve exports. But the country has to manage itself well to be able to perform well.

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We hope in the coming times, there will be some correction and the country recovers with a bang. Cambodia has great potential but some of the recent events including labor unrest and strikes caused adverse effects on the exports of apparel. The consistency and favorable business policies are need of the hour, the international buyers are now shifting their sourcing base from china and other countries and Cambodia, Myanmar, Vietnam, India, and Ethiopia are one of them which could make the most of it.

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