After posting significant M-o-M growth from January to March in 2021, Canada’s apparel import was down in April ’21 as compared to the import value registered in March ’21.
The North American country imported US $ 694.67 million worth in apparels in April ’21, declining by 15.95 per cent on monthly basis. However, if Y-o-Y change is taken into consideration, the import value upped by 76.21 per cent as compared to April ’20.
Despite monthly decline, April was the 2nd best month for exporters shipping apparels to Canada in 2021 after March when the shipment clocked US $ 826.54 million worth of revenues; followed by February (US $ 668.37 million) and January (US $ 665.86 million).
Amidst declining import, Canada saw increased apparel sourcing from 4 Asian countries in top 10 tally – Vietnam, India, Bangladesh and Cambodia, on monthly basis, while all these 10 countries posted growth on Y-o-Y basis.
See below table to know the performance and share of top shippers to Canadian apparel market –
| Canada’s Apparel Import Value from Top Shippers (Value in US $ million) |
|||||
| Country | Apr. ’20 | Mar. ’21 | Apr. ’21 | % Change (Apr. ’21 over Mar. ’21) |
% Change (Apr. ’21 over Apr. ’20) |
| China | 109.86 | 260.72 | 160.41 | -38.47 | 46.01 |
| Bangladesh | 68.64 | 104.66 | 107.06 | 2.29 | 55.97 |
| Vietnam | 54.33 | 88.43 | 98.17 | 11.06 | 80.68 |
| Cambodia | 59.46 | 91.44 | 97.29 | 6.39 | 63.63 |
| India | 12.74 | 28.28 | 28.69 | 1.44 | 125.21 |
| Indonesia | 12.46 | 21.49 | 20.39 | -5.13 | 63.57 |
| Sri Lanka | 5.47 | 20.38 | 19.82 | -2.73 | 262.16 |
| USA | 8.24 | 24.77 | 19.81 | -20.03 | 140.34 |
| Italy | 2.15 | 24.74 | 17.98 | -27.35 | 733.43 |
| World | 394.23 | 826.53 | 694.67 | -15.95 | 76.21 |
Table is prepared exclusively by Apparel Resources
