US denim apparel import remained sluggish in February ’21 after showing signs of improvement in January ’21.
According to Apparel Resources’ analysis of OTEXA data, USA declined by 17.22 per cent in its value-wise denim apparel import in Feb. ’21 over Jan. ’21 to clock US $ 208.45 million.
Volume-wise, the import of denim apparels dropped by 21.23 per cent on M-o-M basis to 2.17 million dozen in Feb. ’21 as compared to 2.75 million dozen in Jan. ’21.
Further, the USA declined in its imports of denim apparels on Y-o-Y basis as well as it noted a fall of 9.80 per cent in values and 4.78 per cent in volumes during Feb. ’21 as compared to Feb. ’20.
China and Bangladesh remain positive in Y-o-Y, while Mexico gets edge over other countries in M-o-M shipment…
Of all top 4 denim apparel shippers to USA, Bangladesh and China noted growth in their respective exports on Y-o-Y basis. Mexico and Vietnam could see any positive turnaround.
Bangladesh – the top denim apparel shipper to USA – reported 1.33 per cent growth in Feb. ’21 over Feb. ’20 value-wise and shipped US $ 38.77 million worth of denim garments to USA.
Volume-wise, the Y-o-Y growth was 6.67 per cent and the country shipped 485,662 dozens of denim apparels.
However, Bangladesh declined significantly in its shipment as compared to Jan. ’21. The country noted 31.25 per cent decline in value terms, while the drop noted in volumes was 30.08 per cent.
See below tables to know detailed data of top 4 denim apparel shippers to USA –
Value-wise Denim Apparel Shipment by Top Apparel Shippers to USA | |||||
Country | Feb. ’20 | Jan. ’21 | Feb. ’21 | % Change between Feb. ’21 and Feb. ’20 | % Change between Feb. ’21 and Jan. ’21 |
Mexico | 50.51 | 42.01 | 45.46 | -10 | 8.21 |
Bangladesh | 38.26 | 56.39 | 38.77 | 1.33 | -31.25 |
China | 17.77 | 24.96 | 24.4 | 37.31 | -2.24 |
Vietnam | 31.22 | 28.44 | 21.04 | -32.61 | -26.02 |
World | 231.11 | 251.80 | 208.45 | -9.80 | -17.22 |
(Value in US $ million)
Volume-wise Denim Apparel Shipment by Top Apparel Shippers to USA | |||||
Country | Feb. ’20 | Jan. ’21 | Feb. ’21 | % Change between Feb. ’21 and Feb. ’20 | % Change between Feb. ’21 and Jan. ’21 |
Mexico | 426,625 | 361,116 | 404,341 | -5.22 | 11.97 |
Bangladesh | 455,302 | 694,583 | 485,662 | 6.67 | -30.08 |
China | 239,647 | 371,378 | 255,553 | 6.64 | -31.19 |
Vietnam | 268,630 | 254,065 | 250,775 | -6.65 | -1.29 |
World | 2,281,484 | 2,757,950 | 2,172,509 | -4.78 | -21.23 |
(Volume in dozen