China still dominant in the Canadian apparel market with 15.61% growth in Aug. ’20 over Jul. ’20 and 19.24% growth in Aug. ’20 over Aug. ’19; India lags behind with just 2.32% surge

 

As reported by Apparel Resources recently, Canada has experienced a surge of 17.91 per cent in its apparel imports in August ’20 over July ’20 and the import valued US $ 1,053 million. On Y-o-Y basis, Canada has recovered by 99.86 per cent in its import value as compared to August ’19.

This recovery has somehow brought a wave of positivity amongst all exporters shipping garments to Canada. Of total import value (US $ 1.05 billion) of Canada, China contributed US $ 481.73 million (up 15.61 per cent on Y-o-Y basis) in August ’20 which is 45.63 per cent share.

Markedly, China also increased in its apparel exports to Canada by 19.24 per cent on Y-o-Y basis in August ’20 as compared to August ’19. Except China, only Vietnam (up 1.85 per cent) and Sri Lanka (up 8.38 per cent) in top 10 apparel shippers list to Canada could manage to marginally grow on yearly basis. This dominance indicates that there is no wave of anti-China sentiments in the Canadian apparel sector.

On the other hand, Bangladesh remained at 2nd spot with US $ 112.60 million, marking 30.90 per cent M-o-M growth as compared to July ’20. With strong export order recovery and execution, Bangladesh has been undergoing a restructuring mode positively and the same can be witnessed in the statistics.

However, Bangladesh was not able to tap yearly growth and declined by 12.09 per cent in August ’20 over August ’19 as well as by 30.13 per cent in the YTD.

As far as India is concerned, the country’s performance in Canadian apparel market seems to be not improving at all. India grew by a meagre 2.32 per cent in August ’20 over July ’20 to ship just US $ 17.42 million worth of garments to Canada. This is also a fall of 36.64 per cent as compared to the export value it clocked in August ’19. And, seeing the import trend of Canada in 2019, it is highly unlikely that India would be able to escalate its exports to its one of the major non-traditional market.

 

 

 

MKMA/4220/apparelresources/121020

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