Apparel Online Bangladesh Magazine May Issue 2019 | Page 56

TRADE STATISTICS USA apparel import kicks off 2019 with surge in both values and volumes January 2019 USA started 2019 with a positive apparel import figure both in value-terms and volume-terms by 8.31% and 8.66%, respectively. In January 2019, all major Asian manufacturing countries noted surge, and this surge was steered by Vietnam and India which marked double-digit growth value-wise. India and Bangladesh offered higher unit prices in the month than what they offered in corresponding month last year. Despite this rise in unit prices, US buyers did not stop placing their orders in these countries which signals a positive year ahead for India and Bangladesh. Global apparel imports by the US: January 2019 Percentage change in top 3 product categories imported by USA Change in Quantity Percentage change in Bangladesh’s top product category export (Trousers) to USA 8.66 % 0.12% Change in Value 8.31 % Change in UVR 0.34 % T-SHIRTS LEGWEAR TROUSERS Volume (4.71%) Volume (12.53%) Volume (1.15%) Value (5.42%) Value (13.06%) Value (4.27%) UVR change in apparel imported by USA (3-year comparison) (Average UVR in the review period was US $ 2.90 as against US $ 2.91 in the same period last year) January 2019 US $ 2.90 Change in Quantity January 2018 US $ 2.91 Cotton 4.38 % MMF 11.55 % Value rises Volume falls Fact: In 2018, US customers expected Amazon to deliver products under 24 hours. January 2017 US $ 3.01 Wool 0.12 % Silk & Veg 5.25% Month-wise USA apparel import trend 30.98 % Value-wise share to USA by top 5 apparel exporters 33.32% Change in Value Cotton 6.93 % MMF 9.33 % Wool 7.57 16.71% 5.22 % Silk & Veg 24.36 % [The information has been extracted from US custom site and further analysed.] 7.06% 5.38% January '19 [Value in US billion $] 56 Apparel Online Bangladesh | MAY 2019 | www.apparelresources.com China Vietnam Bangladesh Indonesia 5.04% India