Business News
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China declined both on Y-o-Y basis and M-o-M basis, while India, Indonesia and Sri Lanka were only three countries in top 10 tally that remained positive in the Canadian apparel market both on yearly and monthly basis.
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According to the latest official data released by OTEXA and studied by Apparel Resources, the apparel imports of the country have reached US $ 7.54 billion in January ’22 – almost same as the value spent by US buyers on apparels (US $ 7.56 billion) during January ’19.
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VNDirect Securities releases its forecasts and says the textile and garment export turnover in 2022 might reach US $ 43 billion, up 10 per cent compared to 2021.
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Amidst the growing US apparel market, dressing gown is one product category that has seen notable growth in 2021. The import of the dressing gown by the US buyers has reached US $ 789.57 million, noting 34.87 per cent Y-o-Y increase.
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Trade Data
Cotton trouser imports of USA: China loses momentum in 2021; others stay ahead in the race
China’s share in US cotton trouser imports has reduced to just 14 per cent in 2021 from 20 per cent two years ago.