UK's apparel imports from Taiwan lukewarm; declining for years

11 Nov '22

2 min read

Pic: Shutterstock.com

UK’s apparel imports from Taiwan declined in the last few quarters, decreasing to $3.988 million in the second quarter (Q2) 2022 from $5.750 million in Q3 2021. The inbound shipment has been on a downward trajectory for many years despite support from the UK and the western world. The imports dropped by over 40 per cent to $18.674 million in 2021.

Imports stood at $5.467 million in Q4 2021, $4.559 million in Q1 2022 and $3.988 million in Q2 2022. The country imported apparel worth $2.369 million in July and August during the third quarter of this year. However, the imports fluctuated in the recent months. They improved to $1.314 million in August from $1.055 million of July 2022. They were at $1.682 million in June, $1.383 million in May, $0.922 million in April and $1.219 million in March 2022, according to Fibre2Fashion’s market insight tool TexPro.

The annual imports of the UK from Taiwan have been declining in the past few years. It came down to $18.674 million in 2021 from $33.898 million in 2017. The imports stood at $20.879 million in 2018, $16.934 million in 2019 and $19.192 million in 2020. The inbound shipment amounted to $10.918 million during the first eight months of this year, as per TexPro. Taiwan has been a minor supplier of apparel for the UK for many years.

Fibre2Fashion News Desk (KUL)

More Apparel/Garments News - Global...