Canadian apparel imports slipped to $8.676 billion in 2020 from the shipment of $10.111 billion in 2019, but it bounced back to $9.675 billion in 2021. The country had imported apparel worth $9.663 billion in 2018 and $9.248 billion in 2017, according to Fibre2Fashion’s market insight tool TexPro.
Canada’s apparel imports increased by 28.34 per cent to $12.417 billion in 2022, with China remaining the largest supplier, accounting for over 30 per cent of the imports. The imports had decreased in 2020 but bounced back in 2021. The highest import levels were seen in 2022, and the imports were not affected by inflation or economic worries.
Canada’s imports of apparel touched the highest levels in 2022. In value terms, the imports were not affected by inflation and economic worries. On a quarterly basis, the imports eased to $2.454 billion in Q1 2022 in comparison with $2.656 billion in Q4 2021 and $2.798 billion in Q3 2021. They increased to $2.931 billion in Q2 2022 and $3.986 billion in Q3 2022, before coming down again to $3.044 billion in Q4 2022.
China was the largest supplier of apparel to Canada in 2022, accounting for 30.68 per cent of total imports. Among the top five suppliers, Vietnam had a share of 14.28 per cent, Bangladesh 14.15 per cent, Cambodia 10.45 per cent, and India 3.37 per cent of the total trade, as per TexPro.
Fibre2Fashion News Desk (KUL)
