November 12, 2019
The European Union clothing and textile industry is undoubtedly a world leader when it comes to market size and the designs and quality of materials it produces every year. The world share from EU is more than 30% for the market and there are many commissions at the place that ensure level playing field and fair practices for all the countries involved in bilateral trades.
Cities across Europe have had a major influence on fashion trends that still continue to dominate the clothing sector. Trade fairs, fashion weeks and galas get better every year and out of the four big "fashion capitals" of the world except New York, three are in Europe. Paris, Milan, and London are home to internationally acclaimed designers, artists, leading brands and retailers, entrepreneurs, educators and researchers. Likes of Munich and Madrid are also not far behind when it comes to generating outstanding economic output that this industry demands.
The European Union has two primary categories that have given a sumptuous boost to its textile industry for decades. Clothing and textile industries in the developed countries like Italy, Germany, Spain, Portugal and France produce high-end luxury apparels. Companies here have many chains of production lines, wholesalers and retailers working together with stakeholders across continents. Now that apparel manufacturing has become technology and capital intensive labour, developed countries have the power to spend and invest willingly in automation technology. Because of the reasons mentioned above, the other category includes developing countries in Southern and Eastern Europe such as Romania, Hungary, and Poland that primarily focus on medium-priced products that are targeted for mass-market consumption. These countries cannot afford automation, however, there is an abundance of cheap labour that settles the score for the long run whereas the market structure remains intact overall.
Textile Industries of Europe in a nutshell:
1. Textile industries in Europe are responsible for providing up to 2.5 million jobs as much as 7% of the employment in the whole of the manufacturing sector in Europe.
2. Majority of the textile companies comprise of no more than 50 employees who produce more than 60% of the output of the total value-added.
3. With investments amounting to €5 billion, textile industries across Europe generate close to €190 Billion of turnover every year.
4. The United States followed by China and Turkey are the biggest importers of EU textile sector.
The European textile industry is slowly venturing toward high-tech fibre-based materials that prioritize sustainable growth. The future of textile is changing rapidly and with new customer-centric models, textile industries across Europe are pushing their way towards digitization of supply and manufacturing chains which helps them further cement their value.