US footwear imports from China were valued at $13.802 billion in 2022, higher than the 2021 figure of $11.242 billion. Imports peaked at $14.027 billion in 2018 but dropped to $13.224 billion in 2019. The COVID-19 pandemic in 2020 led to a steep decline in imports, falling to $8.264 billion, according to Fibre2Fashion's market insight tool TexPro.
Nevertheless, US footwear imports from Bangladesh rapidly recovered after COVID-related disruptions in 2020. Imports fell to $144.167 million in 2020 from $156.293 million in 2019, but they surged to $266.312 million in 2021 and further rose to $431.662 million in 2022. The trade volume increased 3.31 times from $130.199 million in 2018.
Similarly, imports from India rose by 76.43 per cent to $771.672 million in 2022, up from $437.336 million in 2018. The shipments were recorded at $464.368 million in 2019, $300.614 million in 2020, $457.420 million in 2021, and $771.672 million in 2022, as per TexPro. Despite China's leading position in the trade, supplies from India and Bangladesh increased significantly.
ALCHEMPro News Desk (KUL)
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