USA imported US $ 347.79 million worth of swimwear in Jan.-Feb. ’19 period, which is 8.45 per cent higher than what it imported in the same period of the prior year. The rise is seen amidst the changes in fashion trends and increase in disposable income of US consumers, which resulted in more spending on swimwear category.
According to the data released by OTEXA and analysed by Apparel Resources, China remained the dominant supplier with almost 50 per cent contribution to total swimwear import value of USA. China shipped swimwear worth US $ 171 million, growing decently by 2.92 per cent on Y-o-Y basis.
Vietnam too stood strong in the review period and surged by 25.87 per cent to ship US $ 65.64 million worth of swimwear in the US market, while Indonesia, which is a known manufacturer of swimsuits, bikinis and cover ups, upped its export of the same by 2.83 per cent and valued at US $ 35.14 million, accounting for almost 10 per cent of the US swimwear demand.
Cambodia, which had down-fallen in 2018 in its swimwear exports to USA, has started 2019 with significant rise. In the first two months of the ongoing year, Cambodia clocked US $ 20.23 million in its swimwear exports with 29.76 per cent on yearly note. On the other hand, Jordan, one of the emerging suppliers of swimwear to USA, too escalated its exports and took it to US $ 4.46 million (up 61.89 per cent) in just 2 months of 2019, which is almost half to what it exported in 2018 (US $ 8.52 million).
The most surprising name that has emerged this year in swimwear exports to USA is Egypt. Having shipped just US $ 0.82 million worth of swimwear in Jan.-Feb. ’18 period, Egypt massively mushroomed its supply in the first 2 months of 2019 and grew by staggering 779 per cent to touch US $ 7.24 million. The rise of Egypt can be attributed to the country’s efforts of taking its overall textile and clothing exports to US $ 10 billion by 2025 under its ‘Vision 2025’ strategy.