Apparel imports of the United Kingdom from the world were recorded at $24.394 bn during 2022. Asia-Pacific had the lion’s share of 72.56 percent in the total trade, with imports valued at $17.7 bn in the same period. Interestingly, imports from Asia-Pacific soared 49.2 percent compared to the previous year. The world’s textile industry is concentrated in the Asia-Pacific region, comprising major exporting countries.
The imports from the region were recorded at $13.340 bn in 2019, which eased 1.21 percent to $13.179 bn in 2020. It further decreased by 9.98 percent to $11.863 bn during 2021, according to market report.
In 2021, the UK’s apparel imports from Asia-Pacific accounted for 56.79 percent of its total apparel imports of $20.889 bn. The data indicated a steep rise in the share of the Asia-Pacific region in 2022 compared to 2021. The share rose to 72.56 percent last year from 56.79 percent in 2021.
The UK imported 32.25 percent of its apparel from Europe, 8.44 percent from the Middle East, 1.59 percent from Africa, and 0.61 percent from Central & South America during 2021. In 2022, the market share of these regions declined significantly because the share of Asia-Pacific region jumped to 72.56 percent. It was noted that Europe accounted for 13.38 percent, the Middle East for 9.63 percent, Africa for 3.16 percent, North America for 0.76 percent and Central and South America for 0.51 percent, as per market report.
The UK’s total apparel imports from the world increased to $24.391 bn in 2022 from $20.891 bn in 2021. It was recorded at $22.943 bn in 2020, $25.809 bn in 2019, and $26.502 bn in 2018. The increase in imports during 2022 compared to 2021 might cause higher prices of apparel due to a rise in the prices of raw materials.