According to Euratex, EU countries are the main export destination markets for technical textiles, in particular for companies originating in Slovakia, the Czech Republic, Croatia, Bulgaria, Belgium, Hungary, Denmark, the Netherlands, Romania, Portugal and Poland (with Intra-EU shares above 71 per cent). The top five exporters of technical textiles (Germany, Italy, France, United Kingdom and Belgium) represented almost 60 per cent of total exports to the world from member states.
In the last 14 years, trade in technical textiles has expanded rapidly, doubling since 2003 to reach a total (imports + exports) of over €20 billion in 2016. This was divided equally between Extra-EU exports and Extra-EU imports. Despite the slowdown in 2016, EU imports have been more dynamic than exports over the period, states the report.
Exports of technical textiles represent 38 per cent of EU textile sales outside the EU-28, compared to a share of 26 per cent in 2003. While the imports of technical textiles reached almost 32 per cent of textile products bought outside the EU-28, against 21 per cent in 2003. (RR)
Fibre2Fashion News Desk – India
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