Textiles – Fashion: a sector that is still considered high risk

Textiles – Fashion: a sector that is still considered high risk

Of the upward year, 2018, filed in growth, with a turnover of 2.1% to 55.2 billion euros, only the memory has remained.

The textile and clothing sector ended 2018 with an increase of + 2.1% on an annual basis. The turnover reached 55.2 billion in 2018, marking +1.13 billion compared to 2017. The 2018 exports recorded + 2.8%, with a value of around 31.5 billion. Imports grew by 3.3% to 21.7 billion, with a positive trade balance of around 9.8 billion (+117 million on 2017).

Intra-EU sales were virtually stable (-0.1%), while non-EU sales continued to grow: + 6.4%. US (+ 3.1%), China (+ 23.6%) and Hong Kong (+ 23.6%) are the markets where the increase was highest. In 2018, consumption remained stationary at the national level, while employment and companies fell slightly.

Unfortunately, that of 2019 is a beginning of the year with a minus sign: between January and March 2019, in fact, companies operating in the textile-fashion sector showed a decline in turnover of -2.8% compared to the same period of 2018.

The numbers are conflicting, but the message is clear: the textile-fashion sector made in Italy (which excludes accessories) is experiencing a moment of uncertainty, caught between a preliminary positive balance for the past year and a first quarter of 2019 closed in difficulty , especially in the fashion-clothing segment (-4%), with textiles at -0.7%. The data, which are not yet definitive, have been processed by the Confindustria Moda-LIUC Study Center for SMI.

The trend in the first quarter of 2019 confirmed the now-normal decline in the domestic market (-6.6%) and showed a “reduced” growth in exports (+ 0.9%) which has been the real engine for years of the textile-fashion sector.

The slowdown in exports would be a reflection of the setback recorded in the Euro area (-0.1%), with Germany, the leading textile-fashion market in Italy, at -0.7% and Spain at – 2.2 percent.

The negative performance in the Europe of 28 was fortunately balanced by non-EU sales, which registered a + 6.4%. In detail, the performances of China (+ 23.6%) and South Korea (+ 11.4%) were particularly positive. The double-digit growth of Switzerland – home of the hubs of some international luxury groups – shows the growing interest in Italian productions, even if marketed with foreign labels.

The textile-fashion sector is therefore back to high risk and there is an even greater need for commercial information that is not just a mere elaboration of public data, accessible by anyone, but rather the result of sharing exclusive news, among industry experts.

IRIDE is a sharing platform created for the agri-food sector, but designed to be adapted to any industrial sector with a vertical solution, such as the textile-fashion sector, considered high risk.
The companies that adhere to IRIDE have exclusive access to a dedicated and confidential platform, for the consultation and common sharing of the “Bad News”.
IRIDE can become the only real tool for registered companies to drastically reduce unpaid risk.

For more information call EUROCREDIT BUSINESS INFORMATION at +39 02 36707160 or fill out the contact form that you find by clicking here