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Foreign Trade News: Pay Attention To The Retail And Import Data Of Textile And Clothing Industries In Some Countries In The First Three Months

2024/4/25 14:56:00 37

Clothing retail, import and market dynamics in the first three months of 2024

european union

Macroscopic: International Monetary Fund (IMF) executives recently said that although the recent performance of the European economy is fair, the trend of economic growth is weakening, and regional countries face the triple challenges of curbing inflation, maintaining economic recovery and maintaining financial stability.

According to the preliminary data of Eurostat, the inflation rate in the euro area in March was 2.4%, 0.2 percentage points lower than that in February. In the same period, energy prices fell, food prices and industrial products prices also slowed down, but service prices rose by 4%. Euro zone CPI in March increased 6.9% year on year, lower than 8.5% in February.

Retail: According to the latest data from Eurostat, the retail sales index of 19 countries in the euro area grew by - 0.7% year on year in February, a slight increase of 0.2 percentage points compared with January, but it has been in a negative growth range for 17 consecutive months, and the overall consumption performance is still weak.

Imports: In January and February, EU clothing imports reached US $14.32 billion, down 14.3% year on year.

Imports from China reached US $3.93 billion, down 12.3% year on year; Accounting for 27.4%, with a year-on-year increase of 0.6 percentage points.

Import from Bangladesh was 2.71 billion US dollars, down 26% year on year; Accounting for 18.9%, a year-on-year decrease of 3 percentage points.

Import from Turkey was 1.69 billion US dollars, down 9.4% year on year; Accounting for 11.8%, with a year-on-year increase of 0.6 percentage points.

Japan

Macro: The survey results of household income and expenditure in February released by the Ministry of General Affairs of Japan recently showed that the average consumption expenditure of households with more than two people was 279868 yen (about 13400 yuan), which was 0.5% lower than that of the same period of the previous year, and decreased for 12 consecutive months. It can be seen that people's willingness to save increased due to the continuous high prices.

Retail: According to the adjusted data of the Ministry of Economy, Trade and Industry of Japan, retail sales in Japan increased by 4.6% year-on-year in February. In January and February, Japan's textile and clothing retail sales totaled 1.25 trillion yen, down 6.2% year on year.

Imports: In January and February, Japan's clothing imports were 4.09 billion US dollars, down 1.1% year on year.

Imports from China reached 1.93 billion US dollars, down 4.3% year on year; Accounting for 47.1%, a year-on-year decrease of 1.6 percentage points.

Import from Vietnam was 730 million US dollars, up 10.1% year on year; Accounting for 17.9%, with a year-on-year increase of 1.9 percentage points.

Imports from Cambodia were 220 million US dollars, down 9.2% year on year; Accounting for 5.4%, a year-on-year decrease of 0.5 percentage point.

britain

Macro: According to the British Bureau of Statistics, the consumer price index (CPI) of the UK in March rose 3.2% year-on-year, lower than the 3.4% in February. The Office for National Statistics said that the CPI growth rate in Britain in March was the lowest level in two and a half years, which was driven by the slowdown in food prices.

Retail: According to the National Bureau of Statistics, the UK retail sales in March were flat on a year-on-year basis, following a 0.1% increase in February. Sales of hardware stores, furniture stores, gas stations and clothing stores increased, but these increases were offset by declines in food sales and department store sales. However, the latest survey shows that the British consumer confidence index has hit a new high in two years and has risen for six consecutive quarters, reflecting the continuous improvement of the personal financial situation of British consumers.

From January to March, the retail sales of textile, clothing and footwear in Britain totaled 13.94 billion pounds, down 1.1% year on year.

Imports: In January and February, British clothing imports reached US $3.01 billion, down 15.1% year on year.

Imports from China reached US $730 million, down 14.8% year on year; Accounting for 24.2%, with a year-on-year increase of 0.1 percentage point.

Import from Bangladesh was 550 million US dollars, down 17.8% year on year; Accounting for 18.2%, down 0.6 percentage points year on year.

Import from Turkey was 260 million US dollars, down 10.1% year on year; Accounting for 8.7%, with a year-on-year increase of 0.5 percentage point.

Australia

retail According to the Australian Bureau of Statistics, the retail sales in February 2024 increased by 1.59% year on year and 0.3% month on month, reaching A $35.869 billion (about RMB 169.244 billion), adjusted by seasonal factors.

By industry, the sales of household goods retail in Australia fell 0.8% in February; The retail sales of clothing, shoes and personal accessories increased by 4.2% month on month; The sales of department stores increased 2.3% month on month.

In January and February, the retail sales of clothing and footwear stores totaled A $6.03 billion, up 1.3% year on year.

Imported : In January and February, Australia imported 1.63 billion dollars of clothing, up 1.3% year on year.

Imports from China reached US $1 billion, up 2.7% year on year, accounting for 61.2%, up 0.8 percentage points year on year.

The import from Bangladesh was 170 million US dollars, a year-on-year decrease of 4.9%, accounting for 10.5%, a year-on-year decrease of 0.7 percentage points.

Imports from Vietnam reached 120 million US dollars, up 12.1% year on year, accounting for 7.1%, up 0.6 percentage points year on year.

02 Brand Dynamics

Uniqlo

Uniqlo's parent company Fast Retailing Group released interim results. As of the first half of the fiscal year on February 29, 2024, the group's revenue increased by 9% to 1.6 trillion yen, its profit increased by 16.7% to 257 billion yen, and its net profit attributable to the parent increased by 27.7% to 195.9 billion yen. During the period, Uniqlo's overseas market revenue increased by 17% year on year and its profit increased by 23% year on year; Japan's domestic market revenue fell by 2%, but the profit increased by 14.7% year on year; GU's revenue increased 9.6% year on year, and its profit increased 17.5% year on year.

H&M

According to the first quarter financial report of Swedish fast fashion group H&M, in the three months ended February 29, its sales fell 2% year on year to SEK 53.699 billion, its profit increased 7% year on year to SEK 27.655 billion, and its inventory fell 7%. In local currency terms, the group's sales increased by 2% year on year from March 1 to 25 this year.