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Despite an unfavorable situation, with a significant reduction in international demand, the results of exports of textiles and clothing in January 2023 were not as negative as expected, says an ATP statement signed by Mário Jorge Machado, president of the ATP.
In terms of value, exports reached 518 million euros, 5% more than in the same month last year. In fact, in terms of volume, there was a reduction of 12% compared to the same month of the previous year, having been, in absolute terms, the products included in the category “pulp, felt and non-woven fabrics, special yarns, twine, ropes and cables, and cordage items” were the ones that recorded a remarkable drop (2,426 tons less, equivalent to 19% less). Still, in terms of volume, items registered the greatest increase were knitted fabrics (302 more tons, more 12%)”.
But in value, we exported 518 million euros of textiles and clothing, 5% more than the exported value in January 2022, an increase of 23 million euros this month.
The most affected products, in terms of value, were folders, felt and non-woven fabrics, special yarns, twine, ropes and cables, and articles of cordage”, with a drop of 6.3 million euros (equivalent to minus 17%), followed by of “other made-up textile articles” which include home textiles, with a drop of 4.6 million euros (7% less).
Fabric clothing grew by almost 23 million euros (32% more), and knitted clothing grew by 6.5 million euros (32% more). Fabric clothing also increased in quantity (16% more), as opposed to knitted clothes which fell by 8%.
Although we know that there is an effect of inflation and the increase in production costs on these results, we believe that, in many cases, we will also have an increase in added value in exported products.
The average price per kilo exported rose by 19% (in total), with textile materials rising by an average of 16%, technical textiles by 17%, and clothing by 14%. Home textiles and other made-up textiles registered a slight drop (0.1% less), confirming the difficulties experienced in overcoming the increase in production costs for the customer.
In terms of markets, France had an excellent performance, with a growth of 22% in value and 9% in quantity. On the other hand, Italy was the destination with the biggest drop in terms of value: minus 7.7 million euros (equivalent to minus 19%).