India and Bangladesh have overtaken China in supplying shoes to the US

India and Bangladesh have overtaken China in the supply of shoes to the United States. In 2022, US footwear imports from China will not reach the level achieved in 2018. However, imports from Bangladesh have more than tripled, and imports from India have increased by more than 75 percent over the past five years. Despite these changes, China remains the top footwear supplier by a significant margin.

US footwear imports from China were valued at $13.802 billion in 2022, up from $11.242 billion in 2021. Imports peaked at $14.027 billion in 2018 but declined to $13.224 billion in 2019. Fibre2Fashion’s market insight tool TexPro.

Nevertheless, US footwear imports from Bangladesh recovered quickly in 2020 after a Covid-related disruption. Imports fell to $144.167 million in 2020 from $156.293 million in 2019 to $266.312 million in 2021 and trade volume further increased to $26.220 million in 2020. 3.31 times increase from $130.199 million in 2018.

India and Bangladesh have overtaken China in supplying footwear to the US, with imports from Bangladesh more than tripling over the past five years and India’s rising to more than 75 percent. In 2022, US imports from China will reach $13.802 billion, still the top supplier. However, both Bangladesh and India experienced significant growth after 2020.

Similarly, imports from India increased by 76.43 percent to $771.672 million in 2022, up from $437.336 million in 2018. Shipments were recorded as $464.368 million in 2019, $300.614 million in 2020, $7221 million in 2020 and $720.721 million in 2020. per TexPro. Despite China’s leading position in trade, supplies from India and Bangladesh have increased significantly.

Fibre2Fashion News Desk (KUL)

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