Canada has seen a Y-o-Y surge of 23.70 per cent in its apparel import during H1 ’21, as per the latest data.
The country imported US $ 4.21 billion worth of garments in January to June ’21 period, as compared to just US $ 3.41 billion in H1 ’20.
Amongst top 5 importing destinations, India and China witnessed decline in their market share to Canada.
China topped the tally with US $ 1.23 billion of apparel shipment to Canada in H1 ’21, growing 13.90 per cent. However, its share to Canadian import value shrank to 29.27 per cent this year from 37.80 per cent in H1 ’20.
Bangladesh also stayed positive with US $ 570.71 million worth of garment exports to Canada and grew by 25.17 per cent on Y-o-Y basis. The country has also seen a marginal increase in its share to Canada market that reached 13.53 per cent this year from 13.37 per cent in H1 ’20 period.
Vietnam too posted good turnover in the first half of 2021 as it clocked US $ 524.34 million from its garment exports to Canada, noting 34.76 per cent yearly growth. Vietnam’s share upped to 12.43 per cent this year from 11.39 per cent in the same period of 2020.
Another major exporting destination to Canada – Cambodia – saw its share increasing by about 1 per cent to take it to 11.87 per cent in H1 ’21 from 10.89 per cent in H1 ’20, and clocking export turnover US $ 500.52 million in the review period.
India, however, couldn’t escalate its share despite posting growth of 20.65 per cent in its apparel shipment to Canada. The country’s share remained 3.22 per cent in H1 ’21 in total Canadian apparel import value, down from 3.30 per cent in H1 ’20.
