Austria's apparel imports from Turkiye slip in Jan-July 2023

19 Oct '23

2 min read

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Insights

Austria's apparel imports, worth $91.831 million in January-July 2023, decreased by 23.98 per cent year-on-year, reflecting economic challenges due to the Ukraine-Russia war and high inflation.
Turkiye ranked sixth among suppliers, holding a 3.26 per cent market share in Austria's total imports.
Turkiye's share increased compared to the previous year.

Austria has imported apparel worth $91.831 million during the first seven months of 2023, marking a 23.98 per cent year-on-year decrease from $120.807 million in January-July 2022. This decline in apparel imports reflects the economic challenges faced by the country and Europe as a whole. The Ukraine-Russia war has led to increased energy and commodity prices, resulting in reduced disposable income for consumers due to high inflation. This, in turn, has led to decreased spending on discretionary items, including clothing.

In contrast, imports showed an upward trend during the same period in 2022 compared to 2021, with a 17.92 per cent increase from $102.452 million in January-July 2021. Turkiye ranked as the sixth-largest apparel supplier to Austria, following Germany, Poland, Italy, the Netherlands, and China in January-July 2023, according to trade data from Fibre2Fashion's market insight tool TexPro.

Turkiye's market share accounted for 3.26 per cent of Austria's total imports, which amounted to $2,815.083 million during the period. The top five suppliers collectively held approximately 72 per cent of the market share.

Trade data also revealed that Turkiye's share in Austria's total apparel imports increased this year compared to 2022. In the previous year, Austria imported apparel worth $196.124 million from Turkiye, constituting 2.79 per cent of its total imports of $7.023 billion. Turkiye ranked seventh in apparel imports, with Bangladesh ahead with a 3.84 per cent market share.

Austria's apparel imports from Turkiye increased by 10.12 per cent in 2022 compared to 2021 when the trade volume was $178.101 million. Prior to that, it stood at $153.029 million in 2020 and $143.027 million in 2019, as per TexPro.

Fibre2Fashion News Desk (KUL)

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This according to Fibre2Fashion's Market Intelligence Tool - TexPro