According to OTEXA data, USA witnessed a fall of 18.26 per cent in kidswear import value during January-October ’20. The import valued US $ 1.55 billion as compared to US $ 1.90 billion in the same period of 2019.
Bangladesh grew both in kidswear export values and volumes, while India fell both in value terms and volume terms.
As analysed by Apparel Resources, Bangladesh’s kidswear shipment to USA upped 0.94 per cent to US $ 170 million in January-October ’20 period as against US $ 168.45 million in the same period of the previous year.
On the other hand, the country experienced a surge of 16.89 per cent in volumes as well and shipped 10.41 million kg of kidswear to its largest export destination.
Seeing the data, the increased exports of kidswear from Bangladesh can also be attributed to the reduced unit prices which shrunk to US $ 16.33 per kg in 2020 from US $ 18.91 per kg in the same period of 2019.
The exporters in the country have dropped their prices to stay relevant during COVID-19 period.
India, however, couldn’t tap growth and tumbled by 5 per cent in values (US $ 202.66 million) and 4.59 per cent in volumes (8.87 million kg) in its kidswear exports to USA during the review period.
One main reason of the falling exports from India could be the low competitiveness of the country. When it comes to unit process of shipped kidswear, India saw only a marginal decline of 0.43 per cent to export kidswear worth US $ 22.85 per kg and that’s where it remained laggard despite having a stronghold in the segment’s production.
