US’ denim imports from Bangladesh increased by 51 per cent to $248 million from January to April 2022, shows data from Commerce Department’s Office of Textiles & Apparel (OTEXA).
As per a Textile Today report, the OTEXA data shows, US’ overall denim imports from Bangladesh grew by 0.84 per cent Y-o-Y to $1.25 billion during the January to April 2022 period.
Denim imports from Pakistan grew by 72.48 per cent to $152 million while from Vietnam grew by 40.94 per cent to $137.37 million worth of denim. Imports from China rose by 20.23 per cent to $110.64 million.
In terms of growth, Egypt performed remarkably as it noted 126 per cent growth in its denim export to the US and earned $71.70 million in January to April 2022.
As per the latest report by Research and Markets, worldwide denim market is expected to grow by $76.1 billion till 2026 from $57.3 billion in 2020. The market research firm attributed the anticipated success to factors including casualization in the workplace.
