Apparel Online India 16-31 July' 17 | Page 56

TRADE STATISTICS US continues to rebound in its apparel imports January-May 2017 Continuing the recovery, the US’s apparel imports witnessed positive trend in the 5th month of 2017 as well. The largest apparel importer in the world, noted hike in volume of imported apparel, whereas fall in unit prices in Vietnam, China and Bangladesh helped US rebound in value terms. Moreover, outlook for the US apparel industry is bright which might push this growth on a bigger level in the coming months. ‘Facts and Forecast’ for US Apparel Industry Global Apparel Imports by the US: Jan.-May 2017 90,000 Total Increase in Quantity 61 apparel sold in US are outsourced employees exist in US apparel manufacturing 2.54 % USD 97 % average projected revenue/capita in men‘s shirts Total Decrease in Value 1.32 % Percentage Decrease in UVR 3.64 % (Average UVR in the review period was US $ 2.91 as against US $ 3.02 in the same period last year) 90.3 bn Cotton 3.59 % MMF 2.25 % Wool 10.36 % Silk & Veg 11.70 % Change in Quantity Total global apparel imports by the US: Jan.-May. 2017 (Qty in mn SME & Value in US mn $) Jan.-May. 2017 1.68 % Qty Value Qty Value Qty Value 4712.231 15342.914 4633.289 14792.755 -1.68 -3.59 Wool 42.392 792.097 39.22 710.072 -7.48 -10.36 MMF 5358.927 14134.109 5705.659 14452.328 6.47 2.25 173.534 812.092 170.004 717.104 -2.03 -11.70 10287.08 31081.21 10548.17 30672.26 2.54 -1.32 Cotton Silk & Veg Total Total apparel exports to the US by 6 major manufacturing destinations: Jan.-May. 2017 (Qty in mn SME & Value in US mn $) MMF 6.47 % Wool 7.48 % Silk & Veg 2.03 % [The information has been extracted from US custom site and further analyzed.] 56 Apparel Online India | % Change Type of Apparel Jan.-May. 2016 Cotton online retail sales in US in 2016 projected e-commerce turnover in apparel by 2020 Jan.-May. 2016 Change in Value 14 % USD USD 41 bn women’s clothing store sales in US Jan.-May. 2017 % Change Countries Qty Value Qty Value Qty Value India 491.774 1731.764 493.748 1701.434 0.40 -1.75 Bangladesh 804.167 2264.161 799.44 2140.289 -0.59 -5.47 3761.067 9575.184 3951.314 9297.34 5.06 -2.90 Pakistan 222.421 499.887 209.136 491.802 -5.97 -1.62 Sri Lanka 205.289 861.994 192.529 811.693 -6.22 -5.84 Vietnam 1327.541 4188.045 1482.686 4479.231 11.69 6.95 China JULY 16-31, 2017 | www.apparelresources.com