COVID-19 threaten Europes denim exports

Jan¡¡12, 2021  £ü  by Zhao xh


Though the European Union fears a significant decline in denim imports due to COVID-19, it will continue to remain a huge market for international denim exporters. As per a report by the Centre for Promotion of Imports, the Europe Union imported denims worth €9.2 billion in 2019.

Germany: The largest denim importer in Europe, Germany imported denims worth €2.1 billion in 2019. From 2014-2019, the country¡¯s denim imports grew at an average rate of 3.5% per year in value, while their volume grew by 2.4% per year. Men¡¯s denims constituted the larger portion of Germany¡¯s denim imports in 2019 with 65.1% share while women¡¯s denim had a 34.9% share.
 
The Netherlands: Amounting to €1.2 billion Netherlands¡¯s denim imports grew at an average rate of 7.5% per year in value while they grew by 3.5% in volume. Men¡¯s denim segment grew by 8.2% every year on average while women¡¯s denim overall import grew by 6.3%.
 
Spain: Spain was the third largest importer of denims in Europe, with imports amounting to €1.1 billion in 2019. In the five last years, the value of Spain¡¯s denim imports grew at an average rate of 7.5% per year, while their volume grew by 7.1%.
 
From 2014-2019, the value of women¡¯s denim imports grew by 10.1% while that of men¡¯s denim grew by 4.0%.
 
France: Fourth largest European denim importer, France imported denims worth €953 million in 2019. The country¡¯s denim imports grew by 2.1% in value while they grew by 2.4% in volume. Import of men¡¯s denims constituted 56.5% of its total denim imports while women¡¯s denims constituted 43.5%.
 
The United Kingdom: The UK was the fifth largest denim importer in Europe in 2019. The country imported denims worth € 750 million in 2019. Men¡¯s denims constituted 53% share of UK¡¯s total imports¡¯ value in 2020.
 
Italy: Sixth largest denim importer, Italy imported denim worth €634 million in 2019. From 2014-2019, the value of Italy¡¯s denim imports grew at an average rate of 2.6% per year, while their volume grew at 3.2% per year. Men¡¯s denim products comprised the larger denim segment in Italy with 55.2%, followed by women¡¯s denims with 44.8%. New denim styles.
 

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