In this report, we’ve listed three major exporters of Denim to the EU for the period covering the year 2016 to Feb 2019. The countries are as below:
- Bangladesh
- China
- Pakistan
The report contains the analysis of export numbers of Men & Women Denim Garments along with the average price for the above mentioned period explained with a number of charts and graphs. We also see in this detailed report how the trajectory is of these 3 countries in exports to EU and how they are expected to fare this year in 2019 in terms of their exports.
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JEANS IMPORTED
The below table shows the total jeans imported from Bangladesh, China and Pakistan from the year 2016 to Feb 2019. In the year 2016, the total jeans imported from these three countries were 393.5 million pcs and the average price was Euro 6.66/Pc. In 2017, there was a marginal change in the imports of 1.03% however the year 2018 witnessed a fairly encouraging growth of 8.91% and the import numbers reached to 432.9 million pcs and surprisingly the average price dropped to Euro 5.92/Pc.
The 1st two months of 2019 connotes towards a better growth than 2018 and if the pace remains the same, the growth is expected to be around 10% by the end of 2019 and import of jeans will be around 475-477 million pcs from these three countries. The exports from the individual country for the period of Jan-Feb’2019 has been analyzed at the end of this report.
| Year | Jeans Imported | Average Price (Euro/pc) | % Change |
| 2016 | 393,507,132 | 6.66 | |
| 2017 | Â Â Â Â Â Â Â Â Â Â Â 397,554,552 | 6.50 | 1.03% |
| 2018 | Â Â Â Â Â Â Â Â Â Â Â 432,982,175 | 5.92 | 8.91% |
| FEB ( 2019) | Â Â Â Â Â Â Â Â Â Â Â 79,563,827 | 6.22 | 10.25% |
The Average Price Of Eu Imports From Bangladesh, China and Pakistan
B A N G L A D E S H
Bangladesh has been one of the most important denim sourcing locations in the world now and also on the way to become the biggest. Competitive pricing and shorter lead time are two major attributes which made this country very much attractive in the past few years, especially for the mid-range denim brands. However, the inability to cater to smaller MOQs has been becoming a serious issue for the suppliers as well as the buyers. Dependency on imported fabrics, though it is going down, and less focus on innovation and R&D might trouble Bangladesh in the longer run. The rise of Vietnamese Apparel Industry in the past 5 years and to be signed EVFTA between the EU and Vietnam might impact the prospects of Bangladesh if things will not be fixed within due time.
Bangladesh is one of the biggest suppliers to the EU countries and in 2016, the country shipped 121.6 million pcs of Men’s denim and 87.9 million pcs of Women’s denim at an average price of euro 6.30/pc and euro 6.04/pc respectively. In the year 2017, the men’s denim export saw a decline of 0.33% however the exports of women’s denim registered a surge of 6% and it reached to 93.2 million pcs.
In the year 2018, both segments have shown a good amount of growth. Men’s denim grew at 10.75% however Women’s denim outperformed this time also with a growth rate of 15%. Both segments have also maintained their respective price at a more competitive level. Men’s denim average price in 2018 was euro 5.87/pc and women’s denim average price was euro 5.51/pc.
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| Year | Men( Volume) | Av Price(Euro/Pc) | Women( Volume) | Av Price Euro/Pc) |
| 2016 | 121,649,779 | 6.30 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 87,942,552 |
6.04 |
| 2017 | 121,252,199 | 6.24 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 93,280,237 |
5.91 |
| 2018 | 134,292,637 | 5.87 | Â Â Â Â Â Â Â Â Â Â Â Â Â 107,101,475 |
5.51 |
C H I N A
Everything is not well in China, especially with the Textile & Garment Industry. The rise in labor costs and a tariff war with the US has adversely affected Chinese Denim Industry also. Meanwhile, China has also slowly started routing its investment in countries like Korea, Taiwan, and Vietnam to compensate for the losses it has been incurring due to these issues .
In 2016, the country shipped 30.08 million pcs of Men’s denim and 49.93 million pcs of Women’s denim at an average price of euro 6.99/pc and euro 6.75/pc respectively. In the year 2017, the men’s denim export saw a massive fall of 14% however the exports of women’s denim registered a surge of 2% and it reached to 50.2 million pcs.
In the year 2018, Men’s segments have shown a good amount of growth. Men’s denim grew at 25% however Women’s denim remained consistent with a growth rate of 2%. Both segments have also maintained their respective price at a more competitive level with 2018 prices slashing severely compared to 2017. This again shows the desparate situation the exporters are in . Men’s denim average price in 2018 was euro 5.83/pc and women’s denim average price was euro 4.68/pc.
| Year | Men (Volume) | Av Price ( Euro/Pc) | Women( Volume) | Av Price ( Euro/Pc) |
| 2016 | Â Â Â Â Â Â Â Â Â 30,899,464 | 6.99 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 49,385,983 | 6.75 |
| 2017 | Â Â Â Â Â Â Â Â Â 26,705,531 | 7.20 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 50,257,153 | 6.03 |
| 2018 | Â Â Â Â Â Â Â Â Â 33,280,272 | 5.83 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 51,460,680 | 4.68 |
P A K I S T A N
Pakistan has been consistent for the last several years, the country has started to receive the investment from Gulf Countries but any major investment in Textile & Garments Industry has not yet reported yet. However, the proposed China Pakistan Economic Corridor (CPEC) may change the prospect of Pakistan Textile & Garment Industry. Under the new leadership, the country has taken several measures in the interest of industry, the government is trying to come up with various initiatives and sops like special energy tariffs in order to cut down the production cost of export items.
Throughout the three years beginning from 2016, Pakistan maintained the export at constant, the export of Men’s denim remained around 70 million pcs and the export of women’s denim varied around 33-35 million pcs. This is not a very good sign for Pakistan as they should actually be growing quite well .
| Year | Men(Volume) | Av Price ( Euro/Pc) | Women( Volume) | Av Price ( Euro/Pc) |
| 2016 | Â Â Â Â Â Â Â Â Â 70,415,364 | 7.58 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 33,213,990 | 7.27 |
| 2017 | Â Â Â Â Â Â Â Â Â 70,133,391 | 7.54 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 35,926,041 | 7.01 |
| 2018 | Â Â Â Â Â Â Â Â Â 70,984,162 | 7.22 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 35,862,949 | 6.66 |
DENIM IMPORTS DURING JAN-FEB 2019
The following are the figures of imports of denim jeans into EU from these 3 countries in 2019.
| Country | Men(Volume) | Av Price ( Euro/Pc) | Women( Volume) | Av Price ( Euro/Pc) |
| Pakistan | Â Â Â Â Â Â Â Â Â 12,811,950 | 7.40 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 6,725,027 | 6.78 |
| China | Â Â Â Â Â Â Â Â Â Â Â Â 6,640,049 | 5.53 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 10,443,111 | 4.42 |
| Bangladesh | Â Â Â Â Â Â Â Â Â 23,431,981 | 6.74 | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 19,511,709 | 5.83 |
If we extrapolate the figures of imports from these 3 countries for 2019, we can conclude that the following figures of exports might be achieved in 2019 by the year end.
- Pakistan: 76.87 million pcs (Men Denim) | 40.35 million pcs ( Women Denim) : total about 116 million pcs
- China: 39.84 million pcs (Men Denim) | 62.65 million pcs ( Women Denim) : total about 101 million pcs
- Bangladesh:140.59 million pcs (Men Denim) | 117.07 million pcs ( Women Denim) : 257 million pcs
So in total we see that these 3 countries will increase their exports to EU and will probably export over 470 million pcs in 2019 . That’s a huge number !
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