Imports of denim jeans by US brands and retailers increased 40 per cent year over year through May compared to the same period in 2021, reveals OTEXA figures. Imports from top supplier Bangladesh increased 54 per cent, outpacing the 51 per cent year to date gain through April and giving the country a 22 per cent market share. Pakistan’s shipments rose 67 per cent, slightly below privious month’s 72 per cent year-to-date gain. Imports from Vietnam were on par with the prior month with a 40 per cent increase to $170.54 million, while China’s shipments rose 24 per cent, gaining ground on the 20 per cent year-to-date hike in April.
Imports from Cambodia increased up 38 per cent in the first five months, up from a 25 per cent rise previously, and Sri Lanka saw a 11 per cent year-to-date gain, slowing from a 21 per cent pickup in the prior month. Imports from Mexico rose 26 per cent. Shipments from Nicaragua rose 31 per cent in the five-month period. Imports from Colombia were up 91 per cent and goods arriving from Guatemala rose 61 per cent.
As evidence of the nearshoring trend, US imports from the western hemisphere increased 30 per cent year to date through May. Taken as a group, the region’s market share stood at 22 per cent.
By Fashionating World