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Euratex urges for an industrial strategy to support European textile industry

  

On the occasion of releasing its 2021 Spring Report, Euratex has urged the European Institutions to implement a new industrial strategy to effectively support the European textiles industry. Euratex said, the organization needs to take effective measures to support these sectors, and take into consideration the global dimension.

Figures in the Economic data for 2020 in Euratex Spring Report reflect a dramatic contraction in demand and production: EU turnover contracted by -9.3 per cent in textiles (which is in line with the general manufacturing average) and by -17.7 per cent in clothing, compared with 2019. Furthermore, supply chain disruptions and substantial price increases of some raw materials are putting significant pressure on the T&C industries across Europe. The trade deficit for European textiles and clothing jumped from € -47 billion in 2019 to € -62 billion in 2020, an increase of more than 30 per cent, which is almost entirely due to the import of Chinese face masks and related products. Fortunately, more recent figures from the first quarter of 2021 indicate some signs of recovery.

Many European companies have made considerable efforts to adapt their production to the pandemic, but clearly this was not enough. Whether the production cost in Europe is too high or the EU should adapt its procurement rules, the industry needs have a coherent long-term plan to become more competitive and conquer new markets.

Euratex General Assembly highlighted the critical role of the new EU Industrial Strategy. The inclusion of textiles and clothing in the fourteen ecosystems is a step in the right direction to consolidate the industrial base but we should look also at the global challenges. European companies should continue investing in innovation, design and quality, in combination with a structural move towards more sustainable textiles. At the same time, the EU should create an environment - both inside the Single Market and globally - where everybody plays by the same rules.

 
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