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Denim hubs experience declines as a new tier of jeans suppliers arise

The demand for jeans remains strong as U.S. imports of denim apparel increased 7.87% worth of $3.24bn compared to the same period in 2017 where Bangladesh shipments to the U.S. rose 12.78 percent to $481.41mn.

Denim hubs have experienced declines as a new tier of jeans suppliers arise. China and Mexico have posted minor increases so far this year, while countries like Vietnam, Bangladesh, Cambodia, and Pakistan are bringing in orders. Western Hemisphere countries like Colombia, Guatemala, and Nicaragua have also seen consistent gains.

Bangladesh shipments of denim products to the U.S. rose
Figure: Bangladesh shipments of denim products to the U.S. rose 12.78 percent to $481.41mn in 2017.

U.S. jeans imports from China rose just 2.91 percent for the year through October to $790.89 million worth of goods, compared to the year-ago period, while shipments from Mexico inched up 1.61 percent in the same timeframe to $679.41 million.

Imports from both countries have only increased slightly as the countries face disruption in U.S. trade policy. In order to mitigate risk in their supply chains, the countries have had to shift sourcing plans.

Read More: G-star Raw to boost further sustainable denim sourcing from Bangladesh

Tariffs have caused China to lose a majority of its jeans market share to other Asian nations. Vietnam saw shipments to the U.S. rose 46.16 percent in the last 10 months to $248.95 million, while Bangladesh saw shipments increase 12.78 percent to $481.41 million.

Other Asian suppliers seeing gains include Pakistan, with imports rising 12.52 percent to $206.05 million; Cambodia, with shipments up 27.49 percent to $99.08 million; and India, posting a 44.59 percent hike to $31.35 million.

Countries

Shipments (Value in $MN)

% increase compared to the year-ago period

China

790.89

2.91

Mexico

679.41

1.61

Bangladesh

481.41

12.78

Vietnam

248.95

46.16

Pakistan

206.05

12.52

Cambodia

99.08

27.49

India

31.35

44.59

CAFTA countries 116.37

7.37

Table: Top countries’ shipment to the U.S. in the last 10 months of the year. Source: Sourcing Journal.

Meanwhile, suppliers are also taking market share from Mexico since they have the same attributes of quick shipping times and duty-free trade because of the Central American Free Trade Agreement (CAFTA). U.S. jeans imports from CAFTA countries rose 7.37 percent in the 10 months to $116.37 million worth of goods.

Also Read: ‘Balancing between sustainability and fashion is the crying need for the denim sector…’

If anyone has any feedback or input regarding the published news, please contact: info@textiletoday.com.bd

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