The European Union witnessed a 9.61% drop in apparel imports during the first eight months of 2023, with a reduced value from US$67.66 billion in January-August 2022 to US$61.15 billion in January-August 2023. The quantity of apparel imported by the EU also fell by 14.64%, declining from 3 billion kilograms to 2.56 billion kilograms during the same period.
European fashion brands are responding to consumer demands for eco-friendly fashion by launching sustainable collections for the fall season. According to a recent McKinsey & Company survey, 72% of European consumers are willing to pay extra for sustainable items due to concerns about the fashion industry's environmental impact and a preference for ethical brands.
As Turkey celebrates its 100th year of being a republic, the country's apparel industry is determined to establish itself as a significant alternative sourcing destination to China. This commitment comes amid ongoing geopolitical tensions. The recent 16th Istanbul Apparel Conference, organized by the Turkish Clothing Manufacturers’ Association (TGSD), delved into the industry's transformation. Key topics included traceability, sustainability, artificial intelligence's impact on design, and new EU regulations.
Page 19 of 20
