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China leads as US swimwear imports dip 7.4% in H1 2024

02 Sep '24
2 min read
China leads as US swimwear imports dip 7.4% in H1 2024
Pic: Adobe Stock

Insights

  • Swimwear imports by the US decreased to $412.606 million in H1 2024, down 7.41 per cent from $445.966 million in H1 2023.
  • The imports peaked at $1,132.733 million in 2022 but fell to $684.732 million last year.
  • China was the largest supplier in H1 2024, contributing 32.95 per cent of the total imports, followed by Vietnam, Indonesia, Cambodia and Sri Lanka.
Swimwear imports by the US dipped to $412.606 million during the first half (H1) of this year, decreasing by 7.41 per cent from $445.966 million in the first six months of 2023. The country had imported swimwear worth $684.732 million last year, which was 39.57 per cent lower than the imports of $1,132.733 million in 2022.

The country’s imports of swimwear slowed down during 2020 but revived in later years. However, they have eased again in the past one and a half years. According to Fibre2Fashion's market insight tool TexPro, US swimwear imports decreased to $628.763 million in 2020 from $871.285 million in 2019. Nevertheless, they recovered to $881.828 million in 2021 and further surged to $1,132.733 million in 2022.

The trade data revealed that China was the largest supplier in this trade. The US imported swimwear worth $135.963 million from China in H1 2024, accounting for 32.95 per cent of the total imports. Imports from Vietnam amounted to $124.663 million (30.21 per cent), Indonesia $37.802 million (9.16 per cent), Cambodia $27.819 million (6.74 per cent), and Sri Lanka $20.347 million (4.93 per cent).

China remained the top supplier with a share of 33.59 per cent last year when the total trade was valued at $229.981 million out of the overall swimwear imports of $684.732 million. Imports from Vietnam amounted to $207.411 million (30.29 per cent), Indonesia $55.317 million (8.08 per cent), Cambodia $37.677 million (5.50 per cent), and Sri Lanka $32.683 million (4.77 per cent), according to TexPro.

Fibre2Fashion News Desk (KUL)


This according to Fibre2Fashion's Market Intelligence Tool - TexPro

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