If first three months’ data of 2022 is anything to go by, India and Bangladesh are increasing their presence in the Canadian apparel market at a time when China’s share in Canada is reducing, Vietnam’s pace is just decent and Cambodia is declining massively.
Business News
-
-
Brassieres products that include categories such as shapewear and foundation garments are still being sourced majorly from China as other destinations are yet to develop required capacities for manufacturing this product segment at large scale.
-
March is the month of disruptions in the US apparel market. Vietnam trumped China to be called the ‘top ranked’ apparel shipper in the US market, at least for the time being, while USA’s apparel import from Bangladesh and India crossed US $ 1 billion and US $ 600 million, respectively, for the first time ever.
-
The US market accounted for around 50.30 per cent (~ US $ 4.30 billion; up 24 per cent) of overall export values of Vietnam in Q1 ’22 as compared to Q1 ’21 when the share of export value of textiles and garments was just 40 per cent.
-
Leflair, the premium e-commerce firm of Vietnam, has announced that Loic Gautier will be returning to the company as CEO, following firm’s acquisition by Society Pass, also known as SoPa.
-
Of top five importing destinations, the shipment of underwear declined only from Sri Lanka; while India, China, Vietnam and Bangladesh all grew in their respective underwear shipment to USA…