Apparel Online Bangladesh Magazine January Issue 2019 | Page 72

STATISTICAL ROUNDUP - 2018 AR Forecast: USA is all set to conclude 2018 on a positive note January to December 2018* USA, the largest apparel importer in the world, triggered trade war with China in 2018 – its largest apparel trade partner, and sparked up massive controversy throughout the year. USA also provided never-seen-before opportunities for the countries like Bangladesh, Vietnam, Ethiopia and Cambodia which, though will never become second China, were at least successful in capturing the significant shift coming from China. According to AR forecast, USA is set to increase both in its values and volumes by 2.73 per cent and 3.40 per cent, respectively. Global apparel imports by the US: January to December 2018* Percentage change in top 3 product categories imported by USA Percentage change in Bangladesh’s top product category export (Trousers) to USA Change in Quantity 3.40 % 6.98% T-SHIRTS LEGWEAR TROUSERS Change in Value Volume (3.13%) Volume (7.40%) Volume (2.40%) 2.73 % Value (3.76%) Value (3.87%) Value (4.32%) Change in UVR 0.67 % Volume rises UVR change in apparel imported by USA (3-year comparison) Forecast: Ethiopia is set to touch US $ 120 million in its apparel export to USA in 2018. (Average UVR in the review period will be US $ 2.98 as against US $ 3.00 in the same period last year) Jan.-Dec. 2018 US $ 2.98 Change in Quantity Jan.-Dec. 2017 US $ 3.00 Cotton 1.49 % MMF 7.58 % 12.31 % 1.48 % Month-wise USA apparel import trend 7.05 Jan-18 5.64 Mar-18 5.93 Apr-18 6.29 May-18 Cotton 1.66 % MMF 5.02 % Wool Silk & Veg Nov-18* [The information has been extracted from US custom site and further analysed.] 8.13 Jul-18 6.09 % 11.13 % 6.60 Jun-18 Aug-18 Value-wise share to USA by top 5 apparel exporters (Jan.-Dec. 2018)* 33.04% 6.54 Feb-18 Change in Value US $ 120 million Jan.-Dec. 2016 US $ 3.02 Wool Silk & Veg 3.36% Value rises 14.81% 8.34 7.96 Sep-18 8.54 Oct-18 6.12 6.46% 5.77 Dec-18* 0 1 2 3 4 5 6 [Value in US billion $] * Data from Jan.-Oct. 2018 is officially available, whereas data for Nov.-Dec. 2018 is tentative. 72 Apparel Online Bangladesh | January 2019 | www.apparelresources.com 7 8 9 10 China Vietnam Bangladesh 5.45% Indonesia 4.60% India