Canada’s RMG import values have declined by 14.20 per cent in 2020, as per official data.
The country imported US $ 8.67 billion worth of garments in the pandemic-hit year down from US $ 10.10 billion in 2019.
Knitted clothing constituted US $ 4.37 billion in total Canadian apparel imports, declining 18.03 per cent in 2020 from 2019, while the fall registered by woven clothing segment was 9.89 per cent valuing US $ 4.30 billion.
As data shows, the fall in import of woven clothing was less than the fall noted in knitted category which is somehow surprising as the other major apparel markets in the world have experienced a rise in demand in knitted clothing, especially in the second half of the year, owing to pandemic which led world’s population working remotely or opting for work from home system.
Particularly in December ’20, Canada’s import valued US $ 629.90 million which was down by 8.96 per cent on Y-o-Y basis. The import further contracted from the levels of November ’20 as the M-o-M fall was as big as 15.86 per cent.
As far as the performance of top shippers is concerned, the only major change seen was the improvement of Vietnam’s rank in the tally as this country surpassed Bangladesh to climb to the 3rd spot in shipment to Canada during 2020.
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