The imports from the region were recorded at $13.340 billion in 2019, which eased 1.21 per cent to $13.179 billion in 2020. It further decreased by 9.98 per cent to $11.863 billion during 2021, according to Fibre2Fashion’s market insight tool TexPro.
In 2021, the UK’s apparel imports from Asia-Pacific accounted for 56.79 per cent of its total apparel imports of $20.889 billion. The data indicated a steep rise in the share of the Asia-Pacific region in 2022 compared to 2021. The share rose to 72.56 per cent last year from 56.79 per cent in 2021.
UK imported $24.394 billion worth of apparel from the world in 2022, with the Asia-Pacific region accounting for 72.56 per cent of the total trade.
The UK’s apparel imports from Asia-Pacific increased by 49.2 per cent compared to the previous year.
In 2021, the Asia-Pacific region accounted for 56.79 per cent of the UK’s total apparel imports.
The UK imported 32.25 per cent of its apparel from Europe, 8.44 per cent from the Middle East, 1.59 per cent from Africa, and 0.61 per cent from Central & South America during 2021. In 2022, the market share of these regions declined significantly because the share of Asia-Pacific region jumped to 72.56 per cent. It was noted that Europe accounted for 13.38 per cent, the Middle East for 9.63 per cent, Africa for 3.16 per cent, North America for 0.76 per cent and Central and South America for 0.51 per cent, as per TexPro.
The UK’s total apparel imports from the world increased to $24.391 billion in 2022 from $20.891 billion in 2021. It was recorded at $22.943 billion in 2020, $25.809 billion in 2019, and $26.502 billion in 2018. The increase in imports during 2022 compared to 2021 might cause higher prices of apparel due to a rise in the prices of raw materials.
Fibre2Fashion News Desk (KUL)
