Imports of cotton sweaters in Canada as of April 2024

As of April this year, Canada has imported a total of 22,885,774 units of cotton sweaters, representing a value of 248,261,573 dollars in FOB terms. While monthly imports have remained relatively stable throughout the year, March experienced an 11.67% increase compared to the same month in 2023.

Main Suppliers of Cotton Sweaters

Canada sources from 111 different countries, with four Asian countries (China, Cambodia, Vietnam, and Bangladesh) accounting for 61% of total imports. In monetary terms, China is the main supplier with 41.7 million dollars, while in terms of units, Bangladesh leads with 4.3 million units sold.

Completing the top 10 suppliers are Pakistan, Italy, Guatemala, Indonesia, Portugal, and Turkey. It is worth noting the significant growth in sales from Jordan (No. 16) and Morocco (No. 24), at 45.72% and 28.15% respectively.

Price Analysis of Cotton Sweaters

The average price of imported cotton sweaters in Canada is $10.85. Among the suppliers, Bangladesh, Morocco, and Ethiopia offer prices below the average, while countries like China, Vietnam, Pakistan, Nicaragua, and Guatemala fall within the range of $10 to $20. On the other hand, Peru, Portugal, Spain, Brazil, and Italy compete mainly on quality rather than price.

Entry into the Canadian Market

Cotton sweaters enter the Canadian market primarily through the province of Ontario, followed by British Columbia and Quebec.

Ontario recorded imports of $121.5 million, representing 48.94% of the total. The sweaters primarily come from China (16.81%), Cambodia (16.68%), Vietnam (14.86%), and Bangladesh (12.72%). Peru ranks 12th with a 1.93% share and a 3% growth in sales.

British Columbia recorded imports of $69.2 million, 21% more than the same period last year. The province is mainly supplied by Cambodia (31.88%) and Vietnam (20.56%). Indonesia (+298%) and Malaysia (+1096%) experienced significant growth in their sales. Peru is the main reference in Latin America, with sales of $893,000 and ranks 10th as a supplier.

Quebec recorded imports of $45.4 million. China (24.71%), Bangladesh (13.33%), and Cambodia (11.87%) are the main suppliers. Peru ranks 18th with a 0.48% share.

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¡Reflections!

The cotton sweater market in Canada is dynamic and competitive, with a wide variety of suppliers and prices.

Asia dominates imports, with China, Cambodia, Vietnam, and Bangladesh as the main suppliers.

Peru has a modest presence in the market but has experienced steady growth in recent years.

The provinces of Ontario, British Columbia, and Quebec are the main entry points for cotton sweaters in Canada.

 

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