With the revival in US apparel market comes the good news for denim apparel exporters…The country has seen a Y-o-Y increase of 32.87 per cent in its denim clothing import values from worldwide.
USA has imported US $ 1.44 billion worth of denim apparels in January to June ’21 period as against US $ 1.08 billion in the corresponding period of prior year.
Bangladesh ended 2020 as a top ranked denim apparel shipper to USA but the country has been surpassed by Mexico in H1 ’21.
Mexico clocked US $ 286.28 million from its denim clothing exports to USA in H1 ’21, noting 54.80 per cent Y-o-Y surge, while Bangladesh accommodated US $ 283.65 million in its respective shipment, growing by 49.25 per cent on yearly note.
Bangladesh was followed by Vietnam that shipped US $ 151.06 million worth of denim clothing to USA and upped its value by just 5.22 per cent on Y-o-Y basis.
Another country that emerged victorious is Pakistan that went past China to grab fourth spot in tally, jumping one rank up because of significant rise in its denim shipment value in the US market.
Pakistan’s shipment valued US $ 150.97 million, with a whopping increase of 50 per cent, and the country remained marginally ahead of China that could hit a figure of US $ 148.91 million in its respective denim clothing exports to USA in H1 ’21.
Seeing the data of denim apparel imports of USA in H1 ’21, it is safe to say disruptions are happening…Mexico, which ships high-end denim products to USA, is getting benefits from nearshoring approach of US buyers for value-added products in denim segment, while Pakistan clearly got advantage of its supremacy of producing basic cotton products in much competitive prices.