Vietnam narrows gap with China in US apparel market
08 Jul '24
2 min read
Vietnam narrows gap with China in US apparel market
Insights
Vietnam is increasingly challenging China's dominance in the US apparel market.
In Q1 2024, Vietnam secured an ***.* per cent market share, closely trailing China's ***.* per cent.
This shift is partly due to the trade war and the pandemic's impact on China.
Vietnam's market share has steadily risen since 2019, while China's share has consistently declined.
Vietnam is increasingly challenging China's dominance in the US apparel market.
In Q*****, Vietnam secured an **.** per cent market share, closely trailing China's **.** per cent.
This shift is partly due to the trade war and the pandemic's impact on China.
Vietnam's market share has steadily risen since ****, while China's share has consistently declined.
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