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U.S. apparel imports fall, retail sales rise

Apparel imports from Europe, the US and Japan show weak recovery in April, China’s share continues to fall

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Apparel imports from Europe, the US and Japan show weak recovery in April, China’s share continues to fall

(Data in the article, all sourced from Wazir Advisors)
(Data in the article, all sourced from Wazir Advisors)

Japanese apparel imports increase

Japan’s apparel imports were $1.8 billion in April, 6% higher than in April 2022, according to Wazir Advisors’ June 2023 report, “Apparel Trend Scenarios in Key Global Markets and India. Imports in January-April this year were 4% higher than the same period in 2022.
  
In Japan’s apparel imports, Vietnam’s market share grew by 2%, while China’s market share declined by 7% from 2021.China was Japan’s largest supplier of apparel from January through April 2023, still accounting for more than half of total imports at 51%. During this period, Vietnam supplied only 16%, while Bangladesh and Cambodia accounted for 6% and 5%, respectively.
  
U.S. apparel imports fall, retail sales rise

U.S. apparel imports fall, retail sales rise
The US economy was in turmoil in April 2023, with many banks failing and the country’s debt in a state of crisis. As a result, apparel imports in April were $5.8 billion, down 28% from April 2022. Imports from January through April of this year were 21% lower than the same period in 2022.
  
Since 2021, China’s share of the U.S. apparel import market has declined by 5 percent, while India’s market share has risen by 2 percent. In addition, U.S. apparel imports performed slightly better in April than in March, with China accounting for 18% and Vietnam for 17%. The U.S. offshore sourcing strategy was evident, with other supplying countries accounting for 42%.Monthly sales at U.S. apparel stores were estimated at $18.5 billion in May 2023, which was 1% higher than in May 2022. In January-May of this year, retail apparel sales in the U.S. were 4% above 2022.U.S. furniture sales in May 2023 were down 9% from May 2022.U.S. online apparel and accessories sales in the first quarter of 2023 were up 2% from the first quarter of 2022 and down 32% from the fourth quarter of 2022.
 
EU and UK apparel imports up slightly in April

EU and UK apparel imports up slightly in April
In April 2023, UK apparel imports were $1.4 billion, down 22% from April 2022. in January-April 2023, UK apparel imports were 16% lower than in the same period in 2022. since 2021, China’s share of UK apparel imports has declined by 5%, and China’s market share now stands at 17%. Like the U.S., the U.K. is expanding its purchases as other countries’ share reaches 47%.
EU apparel imports are less diversified than the US and the UK, with other countries accounting for 30% and China and Bangladesh at 24%, with China’s share down 6% and Bangladesh up 4%. Compared to April 2022, EU apparel imports in April 2023 fell by 16% to $6.3 billion. In January-April this year, EU apparel imports were up 3% year-on-year.
  
On the e-commerce front, online sales of apparel in the EU increased by 13% in the first quarter of 2023 compared to the same period in 2022.Monthly sales in UK apparel stores were £3.6 billion in April 2023, which is 9% higher than in April 2022. In January-April this year, UK clothing sales were 13% higher than in 2022.

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