EU textile imports decline due to economic slowdown and stringent regulations, with a 19.7 per cent drop in apparel imports in 2023.
China and Bangladesh lead the decrease.
Men s apparel imports increase
Since January 2023, the price of acrylic staple fibre (1.5D 38mm) in the Chinese market has plummeted, with domestic prices decreasing by 17.76 per cent to $1.99 per kg over 14 months.
FOB prices at
UK enters technical recession amid global economic challenges, impacting trade negotiations and imports.
Factors include Russia-Ukraine war, high inflation, and labour market weaknesses.
Recession
Despite a decrease in Japan s apparel imports from Cambodia to $1.124 billion in 2023, Cambodia remains a significant supplier.
However, there s a slight drop from 2022 s $1.201 billion.
Meanwhile,
In 2023, the United Kingdom saw a significant decline in clothing imports, dropping to £15.702 billion from £21.203 billion in 2022.
Textile fabric imports decreased by 12.74 per cent to £5,547 million,