A recently released apparel trade statistics by OTEXA indicates, India will surpass both Bangladesh and Vietnam in next six months to become the second largest kidswear supplier to USA after China. India clocked in $157.86 million from kidswear exports to the US from January to October ’18, growing at 6.52 per cent.
In volume-terms, India saw a surge of 16.53 per cent and shipped 7.94 million kg worth of kidswear to the US market. During the 10-month period, US managed to grow only 1.33 per cent in volumes and 2.10 per cent in kidswear import values which are quite low as compared to India’s escalation in its respective export.
Simultaneously, all top Asian exporting nations fell in their respective value-wise exports in kidswear segment to the US. China, Bangladesh and Vietnam dwindled by 3.23 per cent, 2.50 per cent and 2.52 per cent respectively and the declining trend of these countries helped India capture shift especially from China which caters to 47 per cent of kidswear demand in US.
Markedly, India emerged as the only country which increased its value-wise share, while all other countries declined their share on y-o-y basis.