Bangladesh’s swimwear export in the USA witnessed massive growth in the first month of 2022. According to the Office of Textiles and Apparel (OTEXA) data, Bangladesh exported $11.84 million worth of swimwear in January 2022. Witnessing a whopping 136.33% jump in January 2022. This jump has led Bangladesh into 3rd place.
While the OTEXA data showed that the USA imported $175.50 million worth of swimwear in the first month of 2022. Among the swimwear exporting nations – China holds the biggest stake of 45.76%.
China shipped $80.32 million worth of swimwear to the USA, witnessing a 70.43% increase in January 2022.
While Vietnam’s swimwear export to the USA endured a trapped mode as it could just raise 2.85% Y-o-Y growth and earned $40.98 million in January 2022.
Among the other countries, Indonesia ($9.89 million; down by 6%), Cambodia ($6.75 million; up by 20.82%), Sri Lanka ($5.92 million; up by 42.75%), and Egypt ($ 3.17 million; down by 41.91%).
According to Reportlinker.com, the swimwear market is projected to register a CAGR of 6. 38% during the forecast period (2022-2027). After the advent of the COVID-19, many swimming pools were forced to close down to minimize the spread of the virus.
Through the market, swimwear products are likely to witness a surge in demand with trends such as ‘revenge travel’ being witnessed among the people.
With the shifting fashion trends, key factors, such as design, trend, and comfort of the fabric, play a key role in driving the market. Additionally, manufacturers and designers focus on the comfort level of swimwear, as it has a high impact on the consumer’s purchase decision. The popularity of value-added features, such as trendy prints and convenient cuts, is further driving the market growth.
