A Fall Of 9% In The Denim Export From Bangladesh To EU During Jan-Aug’19 , Is All OK ?

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The unstable market conditions, falling disposable incomes, and demand are now affecting the gigantic manufacturers and the global leaders in the production, and Bangladesh – one of the biggest jeans exporters worldwide, has also been affected in its exports. If the data is to be believed, Bangladesh reported a fall of 10.76 % in their jeans export to the EU for the period Jan-August,2019  compared to the same period last year.  In this report, we analyze the following  :

  1. Volumes exported by Bangladesh to EU and Its corresponding average price
  2. Export of Men and Women Jeans to EU and Its corresponding average price
  3. Jeans imported by leading EU countries separately. This is to analyze how different countries are individually interacting with Bangladesh as a supplier.
  4. % Share in the Imports of Jeans from Bangladesh

Table Of Contents

Table and Graphs showing jeans exported by Bangladesh to EU along with the average price for the period Jan-Aug’18 /19 and Jan-Dec 18
Table and Graphs showing Men and Women jeans exported by Bangladesh to EU along with the average price for the period Jan-Aug’18 /19 and Jan-Dec 18/19
Table and Graphs showing the import of jeans from Bangladesh into EU countries along with the average price for the period Jan-Aug’18 /19 and Jan-Dec 18/19
Table and Graphs showing the % share of EU countries in the import of jeans from Bangladesh for the period Jan-Aug’18 /19 and Jan-Dec 18/19

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EXPORT OF JEANS

Bangladesh exported 162.36 million pcs of jeans to EU during Jan-Aug’18 at an average price of Euro 5.65/pc which slipped to the level of 144.85 million pcs during Jan-Aug’19, marking a fall of export of 10.76% within a year. During the calendar year 2018, the total jeans export to EU was 238.64 million pcs, with the export figure of the first eight months, the export of jeans to EU at the end of 2019 is expected to be approx 217 million pcs which would be 9% lesser than the export of 2018.

Period

Volume(Million Pcs)

Average Price(Euro/Pc)

Jan – Aug 2018

162.36

5.65

Jan – Aug 2019

144.85

5.99

Jan – Dec 2018

238.64

5.71

 

 

A Fall Of 9% In The Denim Export From Bangladesh To EU During Jan-Aug’19 , Is All OK ?

MEN V. WOMEN JEANS

Bangladesh’s ratio of men and women jeans export has been around 55:45 which means Bangladesh is more into Men jeans production than Women one. However, if we see the past, Bangladesh was primarily focused on exporting men’s jeans only and it is only in recent years (after China’s export fall) that the exports of women’s jeans also increased. As far as the average price is concerned, Women Jeans are more competitive than Men Jeans. During Jan-Aug’19, the average price of Men Jeans was Euro 6.15/pc however for Women Jeans it was Euro 5.80/pc only. Since the overall export to the EU witnessed a fall in the 1st 8 months, we could see the cascading effect in both the segments. During Jan-Aug’18, the total export of Men Jeans was 89.20 million pcs which came down to 79.33 million pcs during Jan-Aug’19. For women denim, the total export was 73.16 million pcs during Jan-Aug’18 which slipped to 65.52 million pcs next year during the same period.

Period

Men

Women

Men

Women

Men

Women

Jan – Aug 2018

89.20

73.16

5.84

5.42

55%

45%

Jan – Aug 2019

79.33

65.52

6.15

5.80

55%

45%

Jan – Dec 2018

131.81

106.83

5.88

5.51

55%

45%

Jan – Dec 2019*

119.00

98.28

55%

45%

A Fall Of 9% In The Denim Export From Bangladesh To EU During Jan-Aug’19 , Is All OK ?

A Fall Of 9% In The Denim Export From Bangladesh To EU During Jan-Aug’19 , Is All OK ?

IMPORT OF JEANS BY LEADING EU COUNTRIES

Except for Belgium, all the leading importers in the EU have reported a fall in the import of jeans from Bangladesh during Jan-Aug’19. Germany imported 20% lesser Jeans, Italy imported 18% lesser and Spain imported 9% lesser jeans during Jan-Aug’19 from Bangladesh. As per the estimation, based on the trends of the 1st eight months, we are expecting a fall of further 1% in the imports of Germany by the end of this calendar year. The signs of recovery in the imports could be also seen in some of the importing countries including France and the Netherlands which showed positive growth in import figures. Belgium cannot strictly be considered as a consumer since it is a large importing port for the goods and most of them might be transferred to other EU nations. This is true for other EU countries as well and we cannot strictly say that the quantity imported has been consumed in the same country.

Country

Jan – Aug 18

Jan – Aug 19

% Change Jan-Aug’19

Jan- Dec 18

Jan -Dec 19*

% Change ( Jan-Dec’19)

Germany

35.23

28.25

-20%

53.78

42.37

-21%

France

19.74

19.54

-1%

28.14

29.30

4%

UK

19.80

18.38

-7%

29.15

27.56

-5%

Italy

8.99

7.39

-18%

13.01

11.08

-15%

Netherlands

21.67

21.24

-2%

30.51

31.86

4%

Belgium

7.86

8.60

9%

12.07

12.90

7%

Spain

32.35

29.54

-9%

48.39

44.30

-8%

Total

145.64

132.92

-9%

215.05

199.38

-7%

A Fall Of 9% In The Denim Export From Bangladesh To EU During Jan-Aug’19 , Is All OK ?

A Fall Of 9% In The Denim Export From Bangladesh To EU During Jan-Aug’19 , Is All OK ?

A Fall Of 9% In The Denim Export From Bangladesh To EU During Jan-Aug’19 , Is All OK ?

AVERAGE PRICE

The average price of all the countries during the period of Jan-Aug19 has been increased. The average price for Germany during Jan-Aug’18 was Euro 5.73 which reached Euro 6.30/pc next year, similarly, the average price for exports of jeans to  France, UK, Italy, Netherlands, Belgium, and Spain took an upward movement this year.  Belgium’s average price saw the biggest shift of more than 30% within a year. The rising price is, perhaps, one of the reasons why the imports from Bangladesh are falling. We must remember here that competing countries – though none of them as big as Bangladesh – are already making an impact whether it is Vietnam, Ethiopia, Myanmar or others.

Country

Jan – Aug 18

Jan – Aug 19

Jan- Dec 18

Germany

5.73

6.20

5.81

France

5.16

5.55

5.27

UK

5.84

6.46

6.00

Italy

4.80

5.28

4.85

Netherlands

5.45

5.67

5.49

Belgium

4.56

5.99

4.59

Spain

5.79

6.09

5.85

Others

5.50

5.77

5.97

A Fall Of 9% In The Denim Export From Bangladesh To EU During Jan-Aug’19 , Is All OK ?

% SHARE IN THE EXPORTS OF JEANS

Germany and Spain are two leading countries from the EU which have approx. 40% ( cumulative) share in the total imports of Jeans made from Bangladesh. During Jan-Aug’18, Germany’s share was 21.70% which reduced to 19.50% during Jan-Aug’19 however Spain increased its share from 19.93% to 20.39% during the same period of time. France and Italy have also lost some of its share in the import during Jan-Aug’19 however the UK, Netherlands and Belgium have increased their share. Germany and France are the two biggest losers however the Netherlands and Spain are the winners in terms of growth in share percentage.

Country

Jan – Aug 18

Jan – Aug 19

Jan- Dec 18

Germany

21.70%

19.50%

22.54%

France

12.16%

11.79%

13.49%

UK

12.20%

12.69%

12.21%

Italy

5.54%

5.10%

5.45%

Netherlands

13.35%

14.66%

12.78%

Belgium

4.84%

5.94%

5.06%

Spain

19.93%

20.39%

20.28%

Others

10.30%

9.93%

8.19%

A Fall Of 9% In The Denim Export From Bangladesh To EU During Jan-Aug’19 , Is All OK ?

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