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 countrys 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