The Czech Republic is a landlocked country located in the heart of Europe, located in Central and Eastern Europe, bordering Poland to the north, Slovakia to the east, Austria to the south, and Germany to the west and northwest. The Czech Republic has officially become a member of the European Union since May 1, 2004. Benefiting from the gradual opening up of the market, major Western European manufacturers have invested in the Czech Republic, considering factors such as cost, geographical advantages, high-quality technical labor and infrastructure. , the economy is growing steadily. In 2017, benefiting from the stable economy of the Eurozone and the appreciation of the Czech crown, driven by domestic consumer demand, the economic growth rate reached 4.4%, ranking among the top ranks of EU countries.
The Czech Republic has a long history of industrial development and maintains a strong industrial foundation in the automobile, machinery and equipment, chemical industry, environmental protection, energy and other sectors. The textile and garment industry plays an important role in the country’s economic development and people’s lives. According to data from the Czech Textile, Apparel and Leather Association (ATOK), in 2017 there were 393 companies (with more than 20 employees) in the Czech textile and clothing industry, with 34,000 employees, 67% of whom were employed in the textile industry, and those in the garment industry. The population accounts for 33%.
96% of Czech textile and garment products are exported to European countries, 2% to the Americas, 1% to Africa and Asia, and Germany (36%), Italy (8%), Poland (7%), and Slovakia (7%). The textile part is mainly composed of yarn and special-purpose fabrics (such as non-woven fabrics). The ready-to-wear part has more men’s clothing than women’s clothing, and T-shirts, singlets, Sweaters or pullovers are the main products; most imported textile and garment products come from Germany (20%), China (19%), Bangladesh (8%), Turkey and Italy (6%). Most of the imported textile products come from Germany, and most of the clothing products come from China.
The sales value of Czech textile and garment companies reached 56.5 billion kronor (equivalent to US$2.4 billion) in 2018, a year-on-year growth of 3%. According to the ATOK Association’s annual report, the industry’s salary growth rate is 8.5%, which will also affect corporate revenue.
Czech industrial fabric manufacturers face cheap competition from Asia, labor shortages and a slowing economy. Textile companies supplying the automotive industry recorded the largest declines, according to the Textile Industry Association. Textile manufacturers had a surplus of CZK 44.8 billion in 2018, a decrease of 4.3% compared to 2017.
AAA anti-UV fabric net SDFERHYTJTI
