Source: just-style
Summary
Euratex, the European Apparel and Textile Confederation, has warned of a decline in the EU textile industry. The organization reported a 14.5% decrease in textile production and a 13.5% drop in clothing production in 2022 compared to the previous year. Euratex attributes the decline to increased energy costs, supply chain disruptions, and global competition. Additionally, the organization noted that the industry has lost 15,000 jobs since 2019.
Our Reading
The trend returns with a new name.
Euratex’s update echoes familiar warnings about the decline of European textile production. The numbers are stark, but the story feels like a repeat. The industry’s struggles with energy costs and global competition are well-documented. The loss of jobs and strategic capabilities is a recurring theme. Euratex’s warning is a reminder that the EU textile industry is still in a cycle of decline.
Decline of European Textile Production
The decline of European textile production is a trend that has been observed for several years. Euratex’s latest update highlights the severity of the situation, with a 14.5% decrease in textile production and a 13.5% drop in clothing production in 2022.
Energy Costs and Global Competition
The increase in energy costs and global competition are cited as major factors contributing to the decline of the EU textile industry. These challenges are not new, but their impact continues to be felt.
Job Losses and Strategic Capabilities
The loss of 15,000 jobs since 2019 is a significant blow to the industry. Euratex’s warning also highlights the loss of strategic capabilities, which will have long-term consequences for the industry’s competitiveness.
Cycle of Decline
Euratex’s update is a reminder that the EU textile industry is still in a cycle of decline. The numbers are stark, and the story feels like a repeat. The industry’s struggles with energy costs, global competition, and job losses are well-documented.
No End in Sight
Euratex’s warning does not offer a clear solution to the industry’s problems. The decline of European textile production is a complex issue that requires a comprehensive response. Until then, the industry will continue to struggle.
Author: Evan Null
